A new report from Navigant
Research examines the global market for residential demand response
(RDR) in five major regions, providing global market forecasts for
capacity, sites, spending, and revenue for commercial and industrial
(C&I) demand response, segmented by region, through 2028.
In place in North America for several decades, demand response programs
began expanding globally after 2010, with most countries first
implementing C&I programs. While the RDR market remains smaller than its
C&I counterpart, utilities and grid operators recognize that aggregated
electric RDR capacity can also provide a substantial amount of load
reduction or shift to both the capacity and open ancillary service
energy markets. Click
to tweet: According to a new report from @NavigantRSRCH,
global RDR capacity is expected to increase from 13.8 GW in 2019 to 47.4
GW in 2028.
“The residential sector will see increased demand response participation
over the coming decade, with the factors driving this growth varying
regionally,” says Jessie Mehrhoff, research analyst with Navigant
Research. “In more mature markets, new distributed energy resources
(DER) technologies and advanced data analytics will drive deeper savings
across RDR programs, while regions without RDR in 2019 are expected to
launch their first programs in the coming decade.”
Most of the growth in RDR capacity will come from North America,
followed by Europe, according to the report. Asia Pacific is projected
to see a rise in RDR throughout the forecast but grow relatively slowly.
Meanwhile, the Middle East & Africa and Latin America are expected to
launch their first RDR programs in 2020 and 2023, respectively.
The report, Market
Data: Residential Demand Response, examines the global RDR
market in five major geographic regions: North America, Europe, Asia
Pacific, Latin America, and the Middle East & Africa. The study provides
an analysis of market issues, including the drivers and barriers
associated with global RDR development. Global market forecasts for
capacity, sites, spending, and revenue for CIDR, segmented by region,
extend through 2028. The report also explores global RDR trends to
highlight varying regional activity and markets. An Executive Summary of
the report is available for free download on the Navigant
Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of
clean, intelligent, mobile, and distributed energy. Additional
information about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.
* The information contained in this press release concerning the
report, Market Data: Residential Demand Response, is a summary
and reflects Navigant Research’s current expectations based on market
data and trend analysis. Market predictions and expectations are
inherently uncertain and actual results may differ materially from those
contained in this press release or the report. Please refer to the full
report for a complete understanding of the assumptions underlying the
report’s conclusions and the methodologies used to create the report.
Neither Navigant Research nor Navigant undertakes any obligation to
update any of the information contained in this press release or the
report.
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