Automated Demand Response Management System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Automated Demand Response Management System Market Growth and is segmented by Geography (North America (United States, Canada, and Rest of North America), Europe (France, Germany Italy, United Kingdom, and Rest of Europe), Asia-Pacific (Australia, China, Japan, South Korea, India and Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, and Rest of South America), and Middle-East and Africa(United Arab Emirates, Saudi Arabia, South Africa, and Rest of Middle-East and Africa).

Automated Demand Response Management System Market Size

Single User License
Team License
Corporate License
Book before:
Automated Demand Response Market Size
share button
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR 26.50 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Automated Demand Response Market Companies

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

OFF

Team License

OFF

Corporate License

OFF
Book before:

Automated Demand Response Management System Market Analysis

The automated demand response management systems (ADRMS) market is expected to register a CAGR of approximately 26.5% during the forecast period of 2020- 2025.

  • The major factors driving the market studied include the need for efficient energy management systems and increased penetration of renewable energy, propelling the need for ADRMS to manage the load and the increasing number of smart grid systems. Moreover, with the narrowing supply-demand gap and increasing use of sophisticated electrical appliances, the demand for ADRMS technology is expected to increase significantly during the forecast period. However, the privacy concern and the inability of some industries to comply with the reduction in demand at the need of the hour is likely to act as a restraint for the market.
  • Moreover, Integrated Demand Side Management (IDSM) defined as any two or more of Energy Efficiency as a Resource (EE), Demand Response (DR), Distributed Generation (DG), and Storage (ST). The use of IDSM, closely coordinating multiple demand-side resources, can offer a more forward-thinking and smarter approach to building energy management, and help customers to maximize cost-effective savings and control and it is likely to act as an opportunity in the future.
  • Asia-Pacific is the fastest growing market with China expected to be the largest market in the region owing to a large number of upcoming renewable projects to decrease the share of the coal in the power generation. Furthermore, the uncertainty in the power generation through renewables propel the demand for the ADRMS in the country.

Automated Demand Response Management System Market Trends

This section covers the major market trends shaping the Automated Demand Response Management Systems Market according to our research experts:

Increased Adoption of Smart Grid Technologies

  • Smart grid technologies are being applied across power systems, including generation, transmission, distribution, services, and consumption. With the successful and widespread development of smart grids, countries can expect high-quality electric power service, better system reliability, and improved quality of service. Thus, maximized energy usage and energy savings, higher penetration, and greater use of renewable energy sources (to capture environmental benefits) can be enabled.
  • One of the key features of smart grids is that they provide consumers and suppliers with real-time knowledge on system performance, energy consumption, and decision-making tools that empower stakeholders to provide quality power supply and optimum usage of energy resources. Thus, smart grids are also an important element for expanding the use of ADRMS. Smart grids can enable demand flexibility and consumer participation in energy systems through ADRMS.
  • Electricity providers are bombarded with challenges in maintaining grid stability and keeping the power supply consistent. Peak-load variability is on the rise, and solutions, like building more fossil fuel-fired peaking plants (which were once common), are no longer defaults for solving energy issues.
  • To meet these challenges, smart grid networks have encouraged widespread adoption and applicability of ADRMS.
  • Developed countries are implementing large-scale smart grid technologies and many developing countries are also in the process of adopting various smart grid components into their power systems. Demand side management is the need of the hour for any grid. With a rise in smart grid technologies, ADRMS is a key demand-side management strategy that is expected to provide a cost-effective alternative to traditional supply-side solutions, to address increasing electricity demand during times of peak load or when prices are high.
Automated Demand Response Market Trends

Asia-Pacific to Dominate the Market

  • Asia-Pacific region is expected to register the fastest growth over the forecast period. The government emphasis to reduce dependence on coal-based power generation has propelled the demand for the renewable market. Additionally, the urbanization in countries like China & India has led to an increase in electricity demand, which has created the demand for the smart grid system and in turn the ADRMS market in the region is expected to increase.
  • Since China has been undergoing rapid urbanization and industrialization, coupled with the large-scale deployment of electric vehicles in the country, a significant load is expected to be added to the electricity grid, and in turn, is expected to supplement the need for managing the peaks and troughs in the total load profile across the various end-user sectors, resulting in increased demand for ADRMS in the country.
  • Furthermore, the Australian government plans to reduce 26-28% of the greenhouse emissions by 2030, from the level of 2005, by promoting the integration of cleaner energy sources into the grid and energy efficiency measures, such as smart grid and ADRMS implementation, to effectively manage the increasing peak load in the country.
Automated Demand Response Market Growth

Automated Demand Response Management System Industry Overview

The automated demand response management systems market is consolidated. The major companies include Itron Inc., Hitachi Ltd, Mitsubishi Electric Corporation, Eaton Corporation PLC, and General Electric Company.

Automated Demand Response Management System Market Leaders

  1. Itron Inc.

  2. Hitachi Ltd

  3. Mitsubishi Electric Corporation

  4. Eaton Corporation PLC

  5. General Electric Company

*Disclaimer: Major Players sorted in no particular order

"Itron Inc., Hitachi Ltd, Mitsubishi Electric Corporation, Eaton Corporation PLC, General Electric Company"
bookmark Need More Details on Market Players and Competitors?
Download PDF

Automated Demand Response Management System Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET OVERVIEW

    1. 4.1 Porters Five Force Analysis

      1. 4.1.1 Bargaining Power of Suppliers

      2. 4.1.2 Bargaining Power of Consumers

      3. 4.1.3 Threat of New Entrants

      4. 4.1.4 Threat of Substitute Products and Services

      5. 4.1.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 North America

        1. 5.1.1.1 United States

        2. 5.1.1.2 Canada

        3. 5.1.1.3 Rest of North America

      2. 5.1.2 Asia-Pacific

        1. 5.1.2.1 Australia

        2. 5.1.2.2 China

        3. 5.1.2.3 Japan

        4. 5.1.2.4 South Korea

        5. 5.1.2.5 India

        6. 5.1.2.6 Rest of Asia-Pacific

      3. 5.1.3 Europe

        1. 5.1.3.1 France

        2. 5.1.3.2 Germany

        3. 5.1.3.3 Italy

        4. 5.1.3.4 United Kingdom

        5. 5.1.3.5 Rest of Europe

      4. 5.1.4 Middle-East and Africa

        1. 5.1.4.1 United Arab Emirates

        2. 5.1.4.2 South Africa

        3. 5.1.4.3 Saudi Arabia

        4. 5.1.4.4 Rest of Middle-East and Africa

      5. 5.1.5 South America

        1. 5.1.5.1 Brazil

        2. 5.1.5.2 Argentina

        3. 5.1.5.3 Colombia

        4. 5.1.5.4 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Itron Inc.

      2. 6.3.2 Hitachi Ltd

      3. 6.3.3 Mitsubishi Electric Corporation

      4. 6.3.4 Eaton Corporation PLC

      5. 6.3.5 General Electric Company

      6. 6.3.6 Autogrid Systems Inc.

      7. 6.3.7 Honeywell International Inc.

      8. 6.3.8 ABB Ltd

      9. 6.3.9 Schneider Electric SE

      10. 6.3.10 Siemens AG

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
bookmark You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Automated Demand Response Management System Industry Segmentation

The automated demand response management system market report include:

Geography
North America
United States
Canada
Rest of North America
Asia-Pacific
Australia
China
Japan
South Korea
India
Rest of Asia-Pacific
Europe
France
Germany
Italy
United Kingdom
Rest of Europe
Middle-East and Africa
United Arab Emirates
South Africa
Saudi Arabia
Rest of Middle-East and Africa
South America
Brazil
Argentina
Colombia
Rest of South America
customize-icon Need A Different Region Or Segment?
Customize Now

Automated Demand Response Management System Market Research FAQs

The Automated Demand Response Management Systems Market is projected to register a CAGR of 26.5% during the forecast period (2024-2029)

Itron Inc., Hitachi Ltd, Mitsubishi Electric Corporation, Eaton Corporation PLC and General Electric Company are the major companies operating in the Automated Demand Response Management Systems Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Automated Demand Response Management Systems Market.

The report covers the Automated Demand Response Management Systems Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Automated Demand Response Management Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Automated Demand Response Industry Report

Statistics for the 2024 Automated Demand Response market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Automated Demand Response analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Automated Demand Response Management System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)