Скачать или смотреть Smart Demand Response Market Surges as Utilities Embrace Digital Grid Management & Rising Energy

The global smart demand response market size was valued at USD 24.74 billion in 2024 and is projected to grow from USD 28.95 billion in 2025 to USD 89.18 billion by 2032, exhibiting a CAGR of 17.33% during the forecast period.

This growth is driven by the increasing need for effective energy management solutions and greater grid flexibility. With rising electricity consumption and growing emphasis on energy efficiency by the governments, utilities and end-users are adopting smart demand response to optimize load patterns and reduce peak demand.

Major companies operating in the smart demand response industry are Johnson Controls Inc., Enel Spa, VIOTAS, Schneider Electric, Mitsubishi Electric Corporation, Sympower, ABB, Itron Inc., GridPoint Inc., General Electric Company, Alarm.com, Siemens AG, Hitachi, Ltd., Eaton, and Honeywell International Inc.

For More Insights: Discover in-depth analysis, trends, and key forecasts in the official report by Kings Research:- https://www.kingsresearch.com/smart-d...

Key Market Highlights:

The smart demand response market size was recorded at USD 24.74 billion in 2024.
The market is projected to grow at a CAGR of 17.33% from 2025 to 2032.
North America held a market share of 34.09% in 2024, with a valuation of USD 8.43 billion.
The price-based programmes (implicit) segment garnered USD 14.44 billion in revenue in 2024.
The residential segment is expected to reach USD 37.21 billion by 2032.
Asia Pacific is anticipated to grow at a CAGR of 18.41% during the forecast period.

Key Market Drivers

1. Rising Smart Grid Deployment & Digital Energy Management

Global utilities are adopting advanced digital tools, automated controls, and IoT-enabled systems to manage peak loads. Smart demand response helps reduce operational costs, enhance grid reliability, and optimize energy consumption across residential, commercial, and industrial segments.
#SmartGrid #DigitalEnergy #IoTInEnergy

2. Strong Policy Support & High Smart Meter Adoption

North America's leadership is strengthened by robust regulatory frameworks, incentives for grid modernization, and widespread smart meter installations. These systems enable real-time communication between consumers and utilities, driving efficient demand-side management.
#SmartMeters #EnergyPolicy #GridModernization

3. Rapid Urbanization & Increasing Electricity Demand in Asia Pacific

Growing urban populations and expanding industrial sectors fuel electricity consumption, pushing governments to invest heavily in smart grid infrastructure. Automated demand response solutions improve energy efficiency and help address rising peak load challenges.
#UrbanGrowth #EnergyEfficiency #SmartInfrastructure