Longstanding Demand Side Management and New Business Models Are Expected to Lead to an Estimated $63.6 Billion in Spending in 2028
Growth in demand side management is expected to occur in all regions, with deeper savings in mature markets and new market share in regions with less program penetration
A new report from Navigant Research provides a high-level examination of the global demand side management (DSM) market, offering market forecasts for electric DSM capacity, sites, and spending, segmented by region, through 2028.
New distributed energy resource technologies and changing customer expectations have created opportunities for growth in the DSM market. Demand response (DR) and energy efficiency programs are an important component in meeting changing regulatory requirements, supporting distributed generation, and delivering new business models and revenue streams. Click to tweet: According to a new report from Navigant Research, longstanding DSM and new business models are expected to lead to an estimated $63.6 billion in spending in 2028.
“Growth in DSM is expected to take place in all regions of the world, with deeper savings in mature markets and new market share in regions with less program penetration,” says Jessie Mehrhoff, research analyst at Navigant Research. “Integrated DSM will also generate operational and capital savings for program providers in more mature markets.”
According to the report, more efficient, intelligent hardware and program management software are expected to offer streams of data that can be used to optimize both commercial and industrial (C&I) and residential energy ecosystems. Edge computing and data analytics is also likely to speed rates of actionable insights for DSM program providers.
The report, Demand Side Management Overview, provides a high-level examination of the global DSM 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 trends, including the drivers and barriers associated with global DSM development. Global market forecasts for electric DSM capacity, sites, and spending are segmented by region and extend through 2028. The report also examines technology issues and key industry players. An Executive Summary of the report is available for free download on the Navigant Research website.
*The information contained in this press release concerning the report, Demand Side Management Overview, 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.