U.S. Demand Response Market Outlook 2014
Demand response (DR) has been a slow-evolving staple of the electricity sector for more than three decades. Today, it is deployed in emergency conditions when generation is insufficient to meet demand, as well as in situations where high demand causes a temporary spike in wholesale prices. In this manner, DR helps to maintain grid stability while avoiding some types of infrastructure costs.
However, GTM Research forecasts that the next ten years will look quite different for the sector, as increased innovation leads to price reductions in sensor technology and automation, and as adoption of distributed energy resources presents new opportunities for traditional DR and energy management players, as well as new entrants. In the next decade, the U.S. DR market is expected to grow at a moderate pace, based on near-term regulatory uncertainties. But during this time, the sector will redefine which technologies and new program designs will best fit the needs of each regional DR market. Among DR vendors, new demand response business models will emerge, and we expect to see the rise of new leaders, as well as the obsolescence of several existing players.
FIGURE: Map of the Major U.S. DR Markets
Source: GTM Research
This 91-page report offers an in-depth analysis of the current and future U.S. demand response market, including a 10-year market forecast, competitive vendor landscape, in-depth vendor profiles and regulatory analysis by market. In addition, the report identifies emerging opportunities and challenges shaping the trajectory of the DR market, including the role of distributed energy resources, the Internet of Things (IoT) and the recent ruling on FERC 745, while also citing notable industry-leading initiatives.
Companies profiled in the report include:
ABB/Ventyx | AutoGrid | Comverge | Demansys | Enbala Power Networks | EnergyHub | EnerNOC | Honeywell | Johnson Controls | Lockheed Martin | Nest Labs | Opower | Schneider Electric | Siemens | ThinkEco