Global Industrial Demand Response Management Systems Market Outlook to 2022 - Market Analysis by Geography, Competitive Landscape, Key Company Information - Growth Trends and Forecasts

Published - Jan 2017 | Category - Energy and Power | No. of Pages - 127 | Published By - Mordor Intelligence

Report Highlights

The vast majority of the demand response action today is in the commercial and industrial sector. But, theres a big slice of untouched demand pie in the residential space. It's easier for commercial and industrial customers to grasp the concept and value of demand response. Unlike residential customers, big energy users are used to thinking about how they get their energy and how they use it. They have much bigger utility bills, meaning there's more total dollar savings to be had.

Demand Response is a dynamic energy infrastructure management programme designed to support the stability of the electricity grid, and meet the Middle East and Africas growing demand for energy with the assistance of large and very large energy users in both the industrial and commercial sectors who agree to switch off certain production processes or turn down certain electrical loads during periods of peak demand.

Demand response (also known as load response) is end-use customers reducing their use of electricity in response to power grid needs, economic signals from a competitive wholesale market or special retail rates.

Demand response enables utilities to avoid building new power plants that are used only during the peak hours of the day (typically late afternoon to early evening). Building and operating plants that are used only on occasion (also known as €Å"peaker plants€ ) is expensive, and those costs are eventually passed on to utility ratepayers. Demand response also enables utilities to avoid purchasing high-priced wholesale energy by reducing the demand for that energy at particular times of the day. Wholesale energy costs are eventually passed on to ratepayers so to the extent that those costs can be lowered by demand response, ratepayers will benefit. Demand response also provides system and local reliability benefits in that they enable utilities to avoid the use of rolling blackouts when there is not enough generation to satisfy demand. Finally demand response provides environmental benefits by enabling the utilities to avoid the use of peaker plants. Peaker plants typically have higher greenhouse gas and other air emissions. Demand response also has the potential to integrate more renewable energy (wind, solar, etc.) into the grid.

Occasional storms and heat waves, as well as periodic power plant repairs and maintenance, have the potential to affect worlds supply and demand for electricity. When demand is high and supply is short, power interruptions can sometimes be the result. Building enough power plants to satisfy every possible supply and demand scenario is one possibility, but the cost and environmental impact of that would be tremendous.

Demand response programs are designed to be both fiscally and environmentally responsible ways to respond to occasional and temporary peak demand periods. The programs offer incentives to businesses that volunteer and participate by temporarily reducing their electricity use when demand could outpace supply.

What the Report Offers

·Market Definition for the specified topic along with identification of key drivers and restraints for the market.

·Market analysis for Industrial demand response Market, with region specific assessments and competition analysis on a global and regional scale.

·Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.

·Extensively researched competitive landscape section with profiles of major companies along with their share of markets.

·Identification and analysis of the Macro and Micro factors that affect Industrial demand response market on both global and regional scale.

·A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
 

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