Home > Energy & Power > Emerging Energy Technologies > Demand Side Management > Commercial Demand Side Management Market

Commercial Demand Side Management Market Trends

Report ID: GMI10418
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

Commercial Demand Side Management Market Trends

The integration of renewable energy sources, such as solar and wind, into the grid requires effective DSM strategies to balance supply and demand, making DSM solutions critical for managing intermittent energy sources. The deployment of smart meters and AMI systems provides real-time data on energy consumption, enabling more effective DSM strategies and more informed decision-making by businesses. Utilities are increasingly offering demand response programs, which incentivize businesses to reduce or shift their energy usage during peak periods in exchange for financial incentives. The adoption of EMS and energy analytics platforms helps businesses monitor, analyze, and manage their energy consumption more effectively, driving the demand for DSM solutions.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The commercial demand side management market witnessed a significant growth of USD 19.6 billion in 2023 and will further rise at 13.3% CAGR through 2032, as increasing electricity prices drive businesses to seek ways to reduce their energy consumption and manage costs effectively.

The load management segment of the market is projected to surpass USD 1.4 billion by 2032, driven by increasing electricity costs and advancements in smart grid technology.

Europe commercial demand side management market is poised to exceed USD 30.9 billion by 2032, driven by increasing electricity costs which drive businesses to implement DSM strategies to reduce energy consumption.

Dexma Sensors SL, Eaton, Emerson Electric Co, eSight Energy, General Electric, Honeywell International Inc, International Business Machines Corporation (IBM) among others.