Global demand response market is segmented into agriculture, manufacturing and energy & power, on the basis of verticals. Demand response is a conventional term since its origin in the U.S. With time, the operational reliability has become much critical and the selection on communications protocol and devices has become extended. Since then the need for more centralized management and control equivalent to that in electricity market, several vendors offer many different areas in the industry to provide solutions bifurcated as demand response management systems.

The term demand response plays a crucial role in emphasizing on carbon policies and regulations, regulation mix and evolving utility business model. Utilities that deploy demand response management systems have their collection of demand response programs that resolve existing compliance and financial risks and enhance customer satisfaction.

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Demand response market driving factors include rise in used of smart grid technologies, growing use of smart meters and communication systems. Additionally, rise in demand for power supplemented by capacity constrictions is anticipated to boost the market growth. Also, rising number in installation of smart meters and grid technologies is estimated to boost the market growth during the forecast period. However, factors such as narrowed consumer awareness of demand response programs and their advantages and higher costs of technology is likely to impede the market growth for the forecast period.

This market is segmented into residential, commercial and industrial, on the basis of solution. Industrial segment is anticipated to dominate the market for the forecast period owing to cost-effective and eco-friendly methods to meet the electricity system needs. Residential segment is anticipated to be faster growing segment during the forecast period.

Demand response market is segmented into support & maintenance, curtailment services, system integrated and consulting services and managed services, on the basis of end-user application.

The demand response market spans North America, Latin America, Europe, Asia-Pacific, and Middle-East & Africa as segmented on the basis of geographic segmentation. North America is anticipated to dominate the market growth during the forecast period followed by Europe and Asia-Pacific. Factors such as continuous development in the utility industry are likely to drive the North American market. European market is anticipated to rise at a significant CAGR owing to significant demand for market of demand response. APAC regions are likely to grow at a higher CAGR owing to high energy consumption and developments in manufacturing sector.

The key players in this market include EnerNOC, Inc., Landis+Gyr, Itron, Inc., Schneider Electric, Honeywell International, Inc., Eaton Corporation PLC., General Electric, Siemens AG, Johnson Controls, Inc., ABB, Comverge, Inc., and Opower, Inc.

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