BOULDER, Colo.--(BUSINESS WIRE)--A new report from Navigant Research analyzes the global demand response (DR) market, including global market forecasts for DR sites and technology spending through 2024.
A number of forces are driving increased adoption of DR, not only in North America but around the world. The changing resource mix in electric grids globally is creating more potential for DR to play a pivotal role in managing the grid and conserving overall energy use. Click to tweet: According to a new report from Navigant Research, global DR spending is expected to grow from $183.8 million annually in 2015 to more than $1.3 billion in 2024.
“The most important development in the DR market is the spread of automated demand response (ADR), which automates the DR dispatch process, from the grid operator to the DR aggregator (if involved) to the end-use customer—all without any manual intervention,” says Brett Feldman, senior research analyst with Navigant Research. “Advances in metering, communications, and controls technologies are making ADR a viable alternative in both the commercial and industrial and the residential sectors.”
One potential impediment to the expansion of DR, according to the report, is a major case before the U.S. Supreme Court regarding the Federal Energy Regulatory Commission’s (FERC’s) jurisdiction over DR that could drastically alter the DR landscape in the United States. If the Court overturns FERC’s Order 745, which requires wholesale energy markets to pay the same for DR as they do for electricity generation, it could cause a huge disruption in the DR industry.
The report, Demand Response Enabling Technologies, analyzes the global DR market, with a focus on three main categories of DR enabling technologies: metering, communications, and controls. It provides an analysis of the market issues, including drivers and challenges, associated with DR enabling technologies. Global market forecasts for DR sites and spending, segmented by application (residential and commercial and industrial, or C&I), type, and region, extend through 2024. The report also examines DR adoption trends by country and provides profiles of key residential and C&I DR providers. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global professional services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals deliver expert and advisory work through implementation and business process management services. The firm combines deep technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism to address clients’ needs in highly regulated industries, including Construction, Energy, Financial Services and Healthcare. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Demand Response Enabling Technologies, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.