Global Demand Response Market | $ 1.71 Bn Growth expected during 2021-2025 | Technavio

NEW YORK, June 9, 2021 /PRNewswire/ —
The demand response (DR) market is expected to…

NEW YORK, June 9, 2021 /PRNewswire/ —

The demand response (DR) market is expected to grow by USD 1.71 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the demand response (DR) market in optimistic, probable, and pessimistic forecast scenarios.

This demand response market report encapsulates not only the utilities industry value chain analysis but also features overall validation techniques employed for deriving the most accurate data insights.

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The demand response (DR) market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Related Reports on Utilities Include:

Global Electricity Retailing Market – Global electricity retailing market is segmented by application (industrial, commercial, residential, and others) and geography (APAC, Europe, North America, South America, and MEA).

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Global Power Tool Batteries Market – Global power tool batteries market is segmented by type (li-ion battery and nickel battery) and geography (North America, Europe, APAC, South America, and MEA).

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Major Three Demand Response (DR) Market Participants:

Honeywell International Inc.: The company offers demand response solutions under the brand names EnergyAxis, ZigBee Routers, and Calico Energy Intelligence Suite (EIS).

Cisco Systems Inc.: The company offers demand response solution under Cisco Energy Management Solution.

Enel Spa: The company offers demand response solutions under the brand name Enel X.

Get specific analysis on the criticality of inputs and factors of differentiation in the demand response market vendor landscape.

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Demand Response (DR) Market 2021-2025: Segmentation

Demand response (DR) market is segmented as below:

  • Product
    • Hardware And Software
    • Service
  • End-user
    • Industrial
    • Residential
    • Commercial
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

The demand response (DR) market is driven by the increasing gap between electricity supply and demand. In addition, the growing demand for smart devices and analytics software are expected to trigger the demand response (DR) market toward witnessing a CAGR of about 6% during the forecast period.

Get more insights about the global trends impacting the future of the demand response (DR) market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR41453

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.

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Report: www.technavio.com/report/demand-response-market-industry-analysis

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