Over the last three-plus decades, the evolution of demand response (DR) has been slow. That will change over the next 10 years, as increased innovation in sensor technology and automation is leading to price reductions while adoption of distributed-energy resources is presenting new opportunities for traditional DR and energy-management players as well as new market entrants, a new report from GTM Research says.
The 91-page “U.S. Demand Response Market Outlook 2014” offers an in-depth analysis of the current and future U.S. DR market, including a 10-year market forecast, a look at the competitive-vendor landscape, in-depth vendor profiles, and regulatory analysis by market. Additionally, 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, and the recent ruling on Federal Energy Regulatory Commission Order 745, and cites notable industry-leading initiatives.
Over the next decade, the U.S. DR market is expected to grow at a moderate pace, based on near-term regulatory uncertainties. During this time, however, the sector will redefine which technologies and new program designs will best fit the needs of each regional DR market, GTM Research says. Among DR vendors, new business models are expected to emerge, new leaders are expected to rise, and several existing players are expected to fall into obsolescence.