LONDON--(BUSINESS WIRE)--Technavio has been monitoring the demand response (DR) market and it is poised to grow by USD 5914.99 million during 2020-2024, progressing at a CAGR of over 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Cisco Systems Inc., Enel Spa, Honeywell International Inc., Itron Inc., LS Power Development LLC, Oracle Corp., Schneider Electric SE, Siemens AG, and Toshiba Corp. are some of the major market participants. The gap between electricity supply and demand will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The gap between electricity supply and demand has been instrumental in driving the growth of the market.
Demand Response (DR) Market 2020-2024: Segmentation
Demand Response (DR) Market is segmented as below:
-
Product
- Hardware
- Software
- Service
-
Geography
- North America
- Europe
- APAC
- South America
- MEA
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Demand Response (DR) Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our demand response (DR) market report covers the following areas:
- Demand Response (DR) Market Size
- Demand Response (DR) Market Trends
- Demand Response (DR) Market Industry Analysis
This study identifies rising popularity of clean energy technologies as one of the prime reasons driving the demand response (DR) market growth during the next few years.
Demand Response (DR) Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the demand response (DR) market, including some of the vendors such as ABB Ltd., Cisco Systems Inc., Enel Spa, Honeywell International Inc., Itron Inc., LS Power Development LLC, Oracle Corp., Schneider Electric SE, Siemens AG, and Toshiba Corp. Backed with competitive intelligence and benchmarking, our research reports on the demand response (DR) market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Demand Response (DR) Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist demand response (DR) market growth during the next five years
- Estimation of the demand response (DR) market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the demand response (DR) market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of demand response (DR) market vendors
Table Of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Hardware and software - Market size and forecast 2019-2024
- Service - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Industrial - Market size and forecast 2019-2024
- Residential - Market size and forecast 2019-2024
- Commercial - Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume Driver- Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ABB Ltd.
- Cisco Systems Inc.
- Enel Spa
- Honeywell International Inc.
- Itron Inc.
- LS Power Development LLC
- Oracle Corp.
- Schneider Electric SE
- Siemens AG
- Toshiba Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
