Market Size of Europe Automated Demand Response Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Automated Demand Response Market Analysis
The automated demand response management systems (ADRMS) market is expected to register a CAGR of more than 2% during the forecast period of 2022- 2027. The COVID-19 pandemic slowed the growth of the smart grid market, as various countries worldwide were forced to implement strict lockdowns during the first half of 2020. Governments and local authorities issued strict guidelines, and all non-essential operations were halted. This adversely affected the market owing to the suspension of end-user activities. The market study's significant factors include the need for efficient energy management systems. They increased the penetration of renewable energy, propelling the demand for ADRMS to manage the load and the increasing number of smart grid systems. Moreover, with the narrowing supply-demand gap and rising use of sophisticated electrical appliances, the demand for ADRMS technology is expected to increase significantly during the forecast period. However, the privacy concern and the inability of some industries to comply with the reduction in demand at the need of the hour are likely to act as a restraint for the market.
- The increasing adoption of smart grids is expected to be a significant driver for the market as ADRMS forms an essential part of the smart grids.
- Moreover, Integrated Demand Side Management (IDSM) is defined as any two or more of Energy Efficiency as a Resource (EE), Demand Response (DR), Distributed Generation (DG), and Storage (ST). Using IDSM, closely coordinating multiple demand-side resources, can offer a more forward-thinking and innovative approach to building energy management and help customers maximize cost-effective savings and control. It is likely to act as an opportunity in the future.
- The United Kingdom is expected to witness significant growth in the coming years due to large-scale investments in the market, especially in the innovative grid sector.
