The Europe Smart Demand Response Market would witness market growth of 16.9% CAGR during the forecast period (2023-2030).
Smart grid technologies are being implemented in all electricity systems, including generation, transmission, distribution, and consumption. With the pervasive development of smart grids, countries expect improved electric power service, system reliability, and service quality. Consequently, increased energy consumption and savings, greater penetration, and extensive use of renewable power sources are possible. Challenges abound for energy suppliers in maintaining grid stability and a consistent power supply. Peak-load fluctuations are increasing, and solutions such as constructing more fossil fuel-powered facilities are used to address energy issues.
The market has grown steadily over the past few years. Factors such as increasing energy costs, integrating renewable energy sources, and needing more reliable and efficient grid systems drive this growth. The expansion of the market is closely tied to advancements in technology. Smart meters, IoT devices, and communication systems enable effective demand response programs. Many governments and regulatory bodies actively promote demand response programs to enhance energy efficiency and grid stability. Incentives and regulations encouraging utilities and consumers to participate in demand response programs fuel market growth.
The expansion of European renewable energy sources, such as wind farms and solar installations, has heightened the need for demand response. Smart DR enables consumers to adjust their energy consumption patterns to better align with the intermittent nature of renewable energy sources. As energy sectors and grid operations become more dynamic, the flexibility in energy use provided by Smart DR is precious. As the demand for renewable energies increases, the growth of the market will grow as renewables often generate power at different times than traditional fossil fuel sources. The above elements will boost the market growth in this region.
The Germany region dominated the Europe Smart Demand Response Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4.7 Billion by 2030. The UK region is exhibiting a CAGR of 15.9% during (2023 - 2030). Additionally, The France region would experience a CAGR of 17.7% during (2023 - 2030).
Based on Type, the market is segmented into Voluntary, and Contractual Mandatory. Based on Application, the market is segmented into Residential, Commercial, and Industrial. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Smart Demand Response Market will Hit $79.6 Billion by 2030, at a CAGR of 17.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Eaton Corporation PLC, Enel S.p.A, General Electric Company, Honeywell International, Inc., Johnson Controls International PLC, Oracle Corporation, Siemens AG, Schneider Electric SE and Itron, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Voluntary
- Contractual Mandatory
By Application
- Residential
- Commercial
- Industrial
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Eaton Corporation PLC
- Enel S.p.A
- General Electric Company
- Honeywell International, Inc.
- Johnson Controls International PLC
- Oracle Corporation
- Siemens AG
- Schneider Electric SE
- Itron, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Smart Demand Response Market, by Type
1.4.2 Europe Smart Demand Response Market, by Application
1.4.3 Europe Smart Demand Response Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Oct – 2023, Apr) Leading Players
4.4 Porter Five Forces Analysis
Chapter 5. Europe Smart Demand Response Market, by Type
5.1 Europe Voluntary Market, by Country
5.2 Europe Contractual Mandatory Market, by Country
Chapter 6. Europe Smart Demand Response Market, by Application
6.1 Europe Residential Market, by Country
6.2 Europe Commercial Market, by Country
6.3 Europe Industrial Market, by Country
Chapter 7. Europe Smart Demand Response Market, by Country
7.1 Germany Smart Demand Response Market
7.1.1 Germany Smart Demand Response Market, by Type
7.1.2 Germany Smart Demand Response Market, by Application
7.2 UK Smart Demand Response Market
7.2.1 UK Smart Demand Response Market, by Type
7.2.2 UK Smart Demand Response Market, by Application
7.3 France Smart Demand Response Market
7.3.1 France Smart Demand Response Market, by Type
7.3.2 France Smart Demand Response Market, by Application
7.4 Russia Smart Demand Response Market
7.4.1 Russia Smart Demand Response Market, by Type
7.4.2 Russia Smart Demand Response Market, by Application
7.5 Spain Smart Demand Response Market
7.5.1 Spain Smart Demand Response Market, by Type
7.5.2 Spain Smart Demand Response Market, by Application
7.6 Italy Smart Demand Response Market
7.6.1 Italy Smart Demand Response Market, by Type
7.6.2 Italy Smart Demand Response Market, by Application
7.7 Rest of Europe Smart Demand Response Market
7.7.1 Rest of Europe Smart Demand Response Market, by Type
7.7.2 Rest of Europe Smart Demand Response Market, by Application
Chapter 8. Company Profiles
8.1 ABB Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.5.3 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Eaton Corporation PLC
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Siemens AG
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Schneider Electric SE
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Enel S.p.A
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Partnerships, Collaborations, and Agreements:
8.5.4.2 Product Launches and Product Expansions:
8.5.5 SWOT Analysis
8.6 General Electric Company
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.6 SWOT Analysis
8.7 Honeywell International, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.7.6 SWOT Analysis
8.8 Johnson Controls International PLC
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental & Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Acquisition and Mergers:
8.8.6 SWOT Analysis
8.9 Oracle Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.6 SWOT Analysis
8.10. Itron, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
8.10.6 SWOT Analysis
TABLE 1 Europe Smart Demand Response Market, 2019 - 2022, USD Million
TABLE 2 Europe Smart Demand Response Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Demand Response Market
TABLE 4 Product Launches And Product Expansions– Smart Demand Response Market
TABLE 5 Acquisition and Mergers– Smart Demand Response Market
TABLE 6 Europe Smart Demand Response Market, by Type, 2019 - 2022, USD Million
TABLE 7 Europe Smart Demand Response Market, by Type, 2023 - 2030, USD Million
TABLE 8 Europe Voluntary Market, by Country, 2019 - 2022, USD Million
TABLE 9 Europe Voluntary Market, by Country, 2023 - 2030, USD Million
TABLE 10 Europe Contractual Mandatory Market, by Country, 2019 - 2022, USD Million
TABLE 11 Europe Contractual Mandatory Market, by Country, 2023 - 2030, USD Million
TABLE 12 Europe Smart Demand Response Market, by Application, 2019 - 2022, USD Million
TABLE 13 Europe Smart Demand Response Market, by Application, 2023 - 2030, USD Million
TABLE 14 Europe Residential Market, by Country, 2019 - 2022, USD Million
TABLE 15 Europe Residential Market, by Country, 2023 - 2030, USD Million
TABLE 16 Europe Commercial Market, by Country, 2019 - 2022, USD Million
TABLE 17 Europe Commercial Market, by Country, 2023 - 2030, USD Million
TABLE 18 Europe Industrial Market, by Country, 2019 - 2022, USD Million
TABLE 19 Europe Industrial Market, by Country, 2023 - 2030, USD Million
TABLE 20 Europe Smart Demand Response Market, by Country, 2019 - 2022, USD Million
TABLE 21 Europe Smart Demand Response Market, by Country, 2023 - 2030, USD Million
TABLE 22 Germany Smart Demand Response Market, 2019 - 2022, USD Million
TABLE 23 Germany Smart Demand Response Market, 2023 - 2030, USD Million
TABLE 24 Germany Smart Demand Response Market, by Type, 2019 - 2022, USD Million
TABLE 25 Germany Smart Demand Response Market, by Type, 2023 - 2030, USD Million
TABLE 26 Germany Smart Demand Response Market, by Application, 2019 - 2022, USD Million
TABLE 27 Germany Smart Demand Response Market, by Application, 2023 - 2030, USD Million
TABLE 28 UK Smart Demand Response Market, 2019 - 2022, USD Million
TABLE 29 UK Smart Demand Response Market, 2023 - 2030, USD Million
TABLE 30 UK Smart Demand Response Market, by Type, 2019 - 2022, USD Million
TABLE 31 UK Smart Demand Response Market, by Type, 2023 - 2030, USD Million
TABLE 32 UK Smart Demand Response Market, by Application, 2019 - 2022, USD Million
TABLE 33 UK Smart Demand Response Market, by Application, 2023 - 2030, USD Million
TABLE 34 France Smart Demand Response Market, 2019 - 2022, USD Million
TABLE 35 France Smart Demand Response Market, 2023 - 2030, USD Million
TABLE 36 France Smart Demand Response Market, by Type, 2019 - 2022, USD Million
TABLE 37 France Smart Demand Response Market, by Type, 2023 - 2030, USD Million
TABLE 38 France Smart Demand Response Market, by Application, 2019 - 2022, USD Million
TABLE 39 France Smart Demand Response Market, by Application, 2023 - 2030, USD Million
TABLE 40 Russia Smart Demand Response Market, 2019 - 2022, USD Million
TABLE 41 Russia Smart Demand Response Market, 2023 - 2030, USD Million
TABLE 42 Russia Smart Demand Response Market, by Type, 2019 - 2022, USD Million
TABLE 43 Russia Smart Demand Response Market, by Type, 2023 - 2030, USD Million
TABLE 44 Russia Smart Demand Response Market, by Application, 2019 - 2022, USD Million
TABLE 45 Russia Smart Demand Response Market, by Application, 2023 - 2030, USD Million
TABLE 46 Spain Smart Demand Response Market, 2019 - 2022, USD Million
TABLE 47 Spain Smart Demand Response Market, 2023 - 2030, USD Million
TABLE 48 Spain Smart Demand Response Market, by Type, 2019 - 2022, USD Million
TABLE 49 Spain Smart Demand Response Market, by Type, 2023 - 2030, USD Million
TABLE 50 Spain Smart Demand Response Market, by Application, 2019 - 2022, USD Million
TABLE 51 Spain Smart Demand Response Market, by Application, 2023 - 2030, USD Million
TABLE 52 Italy Smart Demand Response Market, 2019 - 2022, USD Million
TABLE 53 Italy Smart Demand Response Market, 2023 - 2030, USD Million
TABLE 54 Italy Smart Demand Response Market, by Type, 2019 - 2022, USD Million
TABLE 55 Italy Smart Demand Response Market, by Type, 2023 - 2030, USD Million
TABLE 56 Italy Smart Demand Response Market, by Application, 2019 - 2022, USD Million
TABLE 57 Italy Smart Demand Response Market, by Application, 2023 - 2030, USD Million
TABLE 58 Rest of Europe Smart Demand Response Market, 2019 - 2022, USD Million
TABLE 59 Rest of Europe Smart Demand Response Market, 2023 - 2030, USD Million
TABLE 60 Rest of Europe Smart Demand Response Market, by Type, 2019 - 2022, USD Million
TABLE 61 Rest of Europe Smart Demand Response Market, by Type, 2023 - 2030, USD Million
TABLE 62 Rest of Europe Smart Demand Response Market, by Application, 2019 - 2022, USD Million
TABLE 63 Rest of Europe Smart Demand Response Market, by Application, 2023 - 2030, USD Million
TABLE 64 Key Information – ABB Group
TABLE 65 Key Information – Eaton Corporation PLC
TABLE 66 Key Information – Siemens AG
TABLE 67 Key Information – Schneider Electric SE
TABLE 68 Key Information – Enel S.p.A
TABLE 69 Key Information – General Electric Company
TABLE 70 Key Information – Honeywell International, Inc.
TABLE 71 Key Information – Johnson Controls International PLC
TABLE 72 Key Information – Oracle Corporation
TABLE 73 Key Information – Itron, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Smart Demand Response Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Smart Demand Response Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Oct – 2023, Apr) Leading Players
FIG 7 Porter’s Five Forces Analysis – Smart Demand Response Market
FIG 8 Europe Smart Demand Response Market, Share by Type, 2022
FIG 9 Europe Smart Demand Response Market, Share by Type, 2030
FIG 10 Europe Smart Demand Response Market, by Type, 2019 - 2030, USD Million
FIG 11 Europe Smart Demand Response Market, Share by Application, 2022
FIG 12 Europe Smart Demand Response Market, Share by Application, 2030
FIG 13 Europe Smart Demand Response Market, by Application, 2019 - 2030, USD Million
FIG 14 Europe Smart Demand Response Market, Share by Country, 2022
FIG 15 Europe Smart Demand Response Market, Share by Country, 2030
FIG 16 Europe Smart Demand Response Market, by Country, 2019 - 2030, USD Million
FIG 17 Recent strategies and developments: ABB Group
FIG 18 SWOT Analysis: ABB Group
FIG 19 SWOT Analysis: Eaton Corporation PLC
FIG 20 Recent strategies and developments: Siemens AG
FIG 21 SWOT Analysis: Siemens AG
FIG 22 SWOT Analysis: Schneider Electric SE
FIG 23 Recent strategies and developments: Enel S.p.A
FIG 24 SWOT Analysis: Enel S.p.A
FIG 25 SWOT Analysis: General electric (GE) Co.
FIG 26 SWOT Analysis: Honeywell international, inc.
FIG 27 SWOT Analysis: Johnson Controls International PLC
FIG 28 SWOT Analysis: Oracle Corporation
FIG 29 SWOT Analysis: Itron, Inc.