DEMAND RESPONSE MRKT – $0.2BIL TO $1.3BIL IN 10 YRS

Demand Response Enabling Technologies; Metering, Communications, and Controls Equipment: Global Market Analysis and Forecasts

2Q 2015 (Navigant Research)

“Demand response (DR) is becoming a growing part of the resource base that electric system operators rely on to maintain reliability on the grid…Advanced technologies [like automated demand response (ADR) systems] can help speed this transition…A number of drivers point toward increased DR adoption in North America and other regions of the world. The changing resource mix in electric grids globally is creating more potential for DR to play a pivotal role. New market types, like ancillary services such as reserves and regulation, are opening up to DR. The concepts of resiliency and microgrids have taken strong root along the Atlantic Coast following Hurricane in 2012, and DR will be an integral part of those developments. The advent of grid modernization is also tied to this new view on how the grid should be designed. According to Navigant Research, global DR spending is expected to grow from $183.8 million in 2015 to more than $1.3 billion in 2024…” click here for more

click to enlarge

Tweet