Global Industrial Demand Response Management Systems Market Industry Analysis, Geographical Segmentation, Drivers, Challenges, Trends Forecasts 2021 – 2030

In a recently published report, Global Industrial Demand Response Management Systems Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Industrial Demand Response Management Systems Market products.

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It is also anticipated to grow on account of the growing demand for alternative renewable energy sources, backed by the growing concern for pollution worldwide emitted from burning conventional fuel sources. Total electricity capacity from renewable energy sources around the world increased from around 750,000MW in 2000 to about 2,500,000MW in 2019. Additionally, electricity from hydropower energy, wind, solar, and bioenergy, grew from around 780000MW, 16000MW, 1200MW, and 29000MW in 2000 to 1300000MW, 620000MW, 580000MW, and 120000MW in 2019 respectively.

Industrial Demand response refers to a series of programs, primarily power grid sponsored, intended to help companies to be on call for reducing electricity consumption, when a grid gets stressed to its capacity. Since it is impossible to store electric energy, utilities traditionally match demand and supply via throttling their power plants’ rate of production. Here, they derive generating units off or on line, besides which they could also import power from their plants.Basically, an industrial DRMS helps power plants cope by adjusting the demand for power instead of trying to adjust the power supply. Demand response has become an indispensable asset for the Smart Grid ecosystem. It is vital to operations of several electric utilities for economic control, peak load management, optimization, and distribution.


Technology
Industrial DRMS allows customers (clients) to adjust their power consumption or demand by postponing a few tasks, which may require large volume of power. It also enables consumers to switch their consumption to alternate sources until the required equilibrium is achieved. DRMS is the software technology platform that helps the utilities, energy retailers, and suppliers in implementing demand response programs using an integrated system, connected to the industrial, sites. With the increasing application of Advanced Metering Infrastructure (AMI) meters, utilities get real-time usage data of customers and hence, the participation of customers in the programs has seen a substantial growth.


Market Dynamics
The roll out of smart grids has enhanced the application of advanced metering infrastructure (AMI), enhanced automation in transmission and distribution system, strengthened customer energy management systems, and integration of renewable energy to regular grids, thus becoming one of the major drivers in the DRMS market. AMI meters enable direct load control capabilities to energy companies as DR units have direct communication with AMI meters for load reduction. Price volatility of energy and consumer switching are the other drivers contributing to the growth of the DRMS market. The development of automated DR has also been fuelling the market’s growth.However, lack of awareness with respect toDR products and services in developed and developing regions is expected to restrain the growth of the market. Also, budgetary constraints for utilities coupled with high implementation cost associated with DRMSs are likely to deter the progression of the market. The cost advantages of SaaS and deployment of cloud-based DRMS provides tremendous opportunities to the growth of the market.


Market Segmentation
Industrial DRMS can be segmented according to vertical which includes public, retail, manufacturing, media & entertainment, transportation & logistics, IT & telecommunication, banking, financial service and insurance (BFSI), healthcare and energy & utility. By service, they are segmented as Managed Services, System Integration & Consulting Services, Curtailment Services, and Support & Maintenance Services. Based on Technology outlook, DRMS can be divided into Conventional and Automated DR. By component outlook, DRMS is of two types, Hardware and Software.

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Geographic Analysis
The DRMS market is diversified into Latin America, Asia-Pacific, Europe, North America, and the Middle East and Africa. North America is the dominant market, followed by Western Europe. Investments made in the development of the system and the increase in the adoption of the system in the different business verticals are reasons of the same. Asia Pacific is projected to exhibit highest growth among all the regions due to evolving economy of countries like India, Philippines and China. Cloud-based deployment in these regions has increased the demand for the demand response management system.


Key Players
The key vendors in the industrial demand response market include ABB Ltd., Schnieder Electric SE, Eaton Corporation, Honeywell International Inc., Johnson Controls Inc., Comverge Inc., Siemens AG, Lockheed Martin Corporation, EnerNOC Inc., Alstom SA, CPower Inc. and others. Major players in DR boost their market share by enhancing sales channels across the globe. Introducing economical products & services is another strategy followed by major DRM vendors to gain competitive edge.


The report contains comprehensive analysis on:
GlobalIndustrial Demand Response Management Systems Market Segments
Global Industrial Demand Response Management Systems Market Drivers, Restraints and Opportunities
Global Industrial Demand Response Management Systems Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Global Industrial Demand Response Management Systems Market Current Trends
Competition &Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
Regional analysis for Feed Software Market includes
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.

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Report Highlights:
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
In-depth Market Segmentation
Historical and Projected Market Sizing in terms of volume and value
Recent market trends and Impact Factors
R&D Status and Technology Overview
Extensive Industry Structure Coverage

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