|By Business Wire||
|April 30, 2014 05:15 AM EDT||
Automated demand response (ADR), which automates the direct response (DR) dispatch process without any manual intervention, enables more flexible and faster responding resources to help balance intermittent loads from distributed energy resources. The changing resource mix in electric grids, along with the drive to bring DR to smaller facilities and the opening up of new markets, such as ancillary services, is also creating more potential for ADR to play a pivotal role. Click to tweet: According to a recent report from Navigant Research, spending on ADR deployments will grow from $13 million worldwide in 2014 to $185.5 million by 2023.
“Demand response is a growing part of the resource base that electric system operators use to maintain grid reliability, and automated DR greatly extends the reach and capability of the technology,” says Brett Feldman, senior research analyst with Navigant Research. “Much of the basic technology for ADR exists today, and to a large extent, ADR adoption will depend more on market forces than on technical advances.”
Still, technical innovation is opening the door to the future, according to the report. At least one ADR product now available for the commercial and industrial (C&I) market requires no hardware to be installed at the customer site. Similarly, in the residential space, software-as-a-service (SaaS) offerings for DR management systems offer lower investment requirements, fewer systems that must be integrated, and quicker deployment times.
The report, “Automated Demand Response”, examines the global ADR market with a focus on two key sectors: C&I and residential. The study provides an analysis of the market drivers and challenges, as well as the key technologies, related to ADR. Global market forecasts for ADR sites, capacity, and spending, segmented by sector and region, extend through 2023. The report also analyzes the competitive landscape of ADR to identify and highlight the strengths and challenges of key players in the market. 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 the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, “Automated 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.