The Latin America, Middle East and Africa Smart Demand Response Market would witness market growth of 19.6% CAGR during the forecast period (2023-2030).
Smart DR is a method for monitoring and tracking the electricity consumption of various industries, which reduces consumption through time and demand-based pricing. Customers can play a significant role in the operation of the electrical grid by lowering their electricity consumption during peak hours in reaction to time-based prices or other financial incentives. It also includes direct load management programs, which allow businesses to turn on and off-air conditioners and water heaters during peak demand in exchange for a financial incentive and lower electric bills.
Increasing smart grid deployments improve consumer energy management systems, renewable energy integration, and transmission and distribution (T&D) system automation. Supportive DR programs and policies are expected to stimulate economic expansion. Over the forecast period, Leadership in Energy and Environmental Design (LEED) is predicted to continue to increase revenue.
Several countries in LAMEA are investing in grid modernization efforts to enhance grid reliability, efficiency, and sustainability. Smart DR is a critical component of these initiatives, allowing for more effective grid management and load balancing. LAMEA has abundant renewable energy resources, such as solar and wind power. Smart DR programs enable grid operators to balance energy supply and demand by actively managing and adjusting energy consumption, essential for maintaining grid stability. The factors mentioned above will significantly boost the market growth.
The Brazil region dominated the LAMEA Smart Demand Response Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,260.4 Million by 2030. The Argentina region is experiencing a CAGR of 20.2% during (2023 - 2030). Additionally, The UAE region would register a CAGR of 19.3% during (2023 - 2030).
Based on Type, the market is segmented into Voluntary, and Contractual Mandatory. Based on Application, the market is segmented into Residential, Commercial, and Industrial. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Smart Demand Response Market is Projected to reach USD 79.6 Billion by 2030, at a CAGR of 17.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Eaton Corporation PLC, Enel S.p.A, General Electric Company, Honeywell International, Inc., Johnson Controls International PLC, Oracle Corporation, Siemens AG, Schneider Electric SE and Itron, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Voluntary
- Contractual Mandatory
By Application
- Residential
- Commercial
- Industrial
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Eaton Corporation PLC
- Enel S.p.A
- General Electric Company
- Honeywell International, Inc.
- Johnson Controls International PLC
- Oracle Corporation
- Siemens AG
- Schneider Electric SE
- Itron, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Smart Demand Response Market, by Type
1.4.2 LAMEA Smart Demand Response Market, by Application
1.4.3 LAMEA Smart Demand Response Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Oct – 2023, Apr) Leading Players
4.4 Porter Five Forces Analysis
Chapter 5. LAMEA Smart Demand Response Market, by Type
5.1 LAMEA Voluntary Market, by Country
5.2 LAMEA Contractual Mandatory Market, by Country
Chapter 6. LAMEA Smart Demand Response Market, by Application
6.1 LAMEA Residential Market, by Country
6.2 LAMEA Commercial Market, by Country
6.3 LAMEA Industrial Market, by Country
Chapter 7. LAMEA Smart Demand Response Market, by Country
7.1 Brazil Smart Demand Response Market
7.1.1 Brazil Smart Demand Response Market, by Type
7.1.2 Brazil Smart Demand Response Market, by Application
7.2 Argentina Smart Demand Response Market
7.2.1 Argentina Smart Demand Response Market, by Type
7.2.2 Argentina Smart Demand Response Market, by Application
7.3 UAE Smart Demand Response Market
7.3.1 UAE Smart Demand Response Market, by Type
7.3.2 UAE Smart Demand Response Market, by Application
7.4 Saudi Arabia Smart Demand Response Market
7.4.1 Saudi Arabia Smart Demand Response Market, by Type
7.4.2 Saudi Arabia Smart Demand Response Market, by Application
7.5 South Africa Smart Demand Response Market
7.5.1 South Africa Smart Demand Response Market, by Type
7.5.2 South Africa Smart Demand Response Market, by Application
7.6 Nigeria Smart Demand Response Market
7.6.1 Nigeria Smart Demand Response Market, by Type
7.6.2 Nigeria Smart Demand Response Market, by Application
7.7 Rest of LAMEA Smart Demand Response Market
7.7.1 Rest of LAMEA Smart Demand Response Market, by Type
7.7.2 Rest of LAMEA Smart Demand Response Market, by Application
Chapter 8. Company Profiles
8.1 ABB Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.5.3 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Eaton Corporation PLC
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Siemens AG
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Schneider Electric SE
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Enel S.p.A
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Partnerships, Collaborations, and Agreements:
8.5.4.2 Product Launches and Product Expansions:
8.5.5 SWOT Analysis
8.6 General Electric Company
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.6 SWOT Analysis
8.7 Honeywell International, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.7.6 SWOT Analysis
8.8 Johnson Controls International PLC
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental & Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Acquisition and Mergers:
8.8.6 SWOT Analysis
8.9 Oracle Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.6 SWOT Analysis
8.10. Itron, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
8.10.6 SWOT Analysis
TABLE 1 LAMEA Smart Demand Response Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Smart Demand Response Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Demand Response Market
TABLE 4 Product Launches And Product Expansions– Smart Demand Response Market
TABLE 5 Acquisition and Mergers– Smart Demand Response Market
TABLE 6 LAMEA Smart Demand Response Market, by Type, 2019 - 2022, USD Million
TABLE 7 LAMEA Smart Demand Response Market, by Type, 2023 - 2030, USD Million
TABLE 8 LAMEA Voluntary Market, by Country, 2019 - 2022, USD Million
TABLE 9 LAMEA Voluntary Market, by Country, 2023 - 2030, USD Million
TABLE 10 LAMEA Contractual Mandatory Market, by Country, 2019 - 2022, USD Million
TABLE 11 LAMEA Contractual Mandatory Market, by Country, 2023 - 2030, USD Million
TABLE 12 LAMEA Smart Demand Response Market, by Application, 2019 - 2022, USD Million
TABLE 13 LAMEA Smart Demand Response Market, by Application, 2023 - 2030, USD Million
TABLE 14 LAMEA Residential Market, by Country, 2019 - 2022, USD Million
TABLE 15 LAMEA Residential Market, by Country, 2023 - 2030, USD Million
TABLE 16 LAMEA Commercial Market, by Country, 2019 - 2022, USD Million
TABLE 17 LAMEA Commercial Market, by Country, 2023 - 2030, USD Million
TABLE 18 LAMEA Industrial Market, by Country, 2019 - 2022, USD Million
TABLE 19 LAMEA Industrial Market, by Country, 2023 - 2030, USD Million
TABLE 20 LAMEA Smart Demand Response Market, by Country, 2019 - 2022, USD Million
TABLE 21 LAMEA Smart Demand Response Market, by Country, 2023 - 2030, USD Million
TABLE 22 Brazil Smart Demand Response Market, 2019 - 2022, USD Million
TABLE 23 Brazil Smart Demand Response Market, 2023 - 2030, USD Million
TABLE 24 Brazil Smart Demand Response Market, by Type, 2019 - 2022, USD Million
TABLE 25 Brazil Smart Demand Response Market, by Type, 2023 - 2030, USD Million
TABLE 26 Brazil Smart Demand Response Market, by Application, 2019 - 2022, USD Million
TABLE 27 Brazil Smart Demand Response Market, by Application, 2023 - 2030, USD Million
TABLE 28 Argentina Smart Demand Response Market, 2019 - 2022, USD Million
TABLE 29 Argentina Smart Demand Response Market, 2023 - 2030, USD Million
TABLE 30 Argentina Smart Demand Response Market, by Type, 2019 - 2022, USD Million
TABLE 31 Argentina Smart Demand Response Market, by Type, 2023 - 2030, USD Million
TABLE 32 Argentina Smart Demand Response Market, by Application, 2019 - 2022, USD Million
TABLE 33 Argentina Smart Demand Response Market, by Application, 2023 - 2030, USD Million
TABLE 34 UAE Smart Demand Response Market, 2019 - 2022, USD Million
TABLE 35 UAE Smart Demand Response Market, 2023 - 2030, USD Million
TABLE 36 UAE Smart Demand Response Market, by Type, 2019 - 2022, USD Million
TABLE 37 UAE Smart Demand Response Market, by Type, 2023 - 2030, USD Million
TABLE 38 UAE Smart Demand Response Market, by Application, 2019 - 2022, USD Million
TABLE 39 UAE Smart Demand Response Market, by Application, 2023 - 2030, USD Million
TABLE 40 Saudi Arabia Smart Demand Response Market, 2019 - 2022, USD Million
TABLE 41 Saudi Arabia Smart Demand Response Market, 2023 - 2030, USD Million
TABLE 42 Saudi Arabia Smart Demand Response Market, by Type, 2019 - 2022, USD Million
TABLE 43 Saudi Arabia Smart Demand Response Market, by Type, 2023 - 2030, USD Million
TABLE 44 Saudi Arabia Smart Demand Response Market, by Application, 2019 - 2022, USD Million
TABLE 45 Saudi Arabia Smart Demand Response Market, by Application, 2023 - 2030, USD Million
TABLE 46 South Africa Smart Demand Response Market, 2019 - 2022, USD Million
TABLE 47 South Africa Smart Demand Response Market, 2023 - 2030, USD Million
TABLE 48 South Africa Smart Demand Response Market, by Type, 2019 - 2022, USD Million
TABLE 49 South Africa Smart Demand Response Market, by Type, 2023 - 2030, USD Million
TABLE 50 South Africa Smart Demand Response Market, by Application, 2019 - 2022, USD Million
TABLE 51 South Africa Smart Demand Response Market, by Application, 2023 - 2030, USD Million
TABLE 52 Nigeria Smart Demand Response Market, 2019 - 2022, USD Million
TABLE 53 Nigeria Smart Demand Response Market, 2023 - 2030, USD Million
TABLE 54 Nigeria Smart Demand Response Market, by Type, 2019 - 2022, USD Million
TABLE 55 Nigeria Smart Demand Response Market, by Type, 2023 - 2030, USD Million
TABLE 56 Nigeria Smart Demand Response Market, by Application, 2019 - 2022, USD Million
TABLE 57 Nigeria Smart Demand Response Market, by Application, 2023 - 2030, USD Million
TABLE 58 Rest of LAMEA Smart Demand Response Market, 2019 - 2022, USD Million
TABLE 59 Rest of LAMEA Smart Demand Response Market, 2023 - 2030, USD Million
TABLE 60 Rest of LAMEA Smart Demand Response Market, by Type, 2019 - 2022, USD Million
TABLE 61 Rest of LAMEA Smart Demand Response Market, by Type, 2023 - 2030, USD Million
TABLE 62 Rest of LAMEA Smart Demand Response Market, by Application, 2019 - 2022, USD Million
TABLE 63 Rest of LAMEA Smart Demand Response Market, by Application, 2023 - 2030, USD Million
TABLE 64 Key Information – ABB Group
TABLE 65 Key Information – Eaton Corporation PLC
TABLE 66 Key Information – Siemens AG
TABLE 67 Key Information – Schneider Electric SE
TABLE 68 Key Information – Enel S.p.A
TABLE 69 Key Information – General Electric Company
TABLE 70 Key Information – Honeywell International, Inc.
TABLE 71 Key Information – Johnson Controls International PLC
TABLE 72 Key Information – Oracle Corporation
TABLE 73 Key Information – Itron, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Smart Demand Response Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Smart Demand Response Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Oct – 2023, Apr) Leading Players
FIG 7 Porter’s Five Forces Analysis – Smart Demand Response Market
FIG 8 LAMEA Smart Demand Response Market, Share by Type, 2022
FIG 9 LAMEA Smart Demand Response Market, Share by Type, 2030
FIG 10 LAMEA Smart Demand Response Market, by Type, 2019 - 2030, USD Million
FIG 11 LAMEA Smart Demand Response Market, Share by Application, 2022
FIG 12 LAMEA Smart Demand Response Market, Share by Application, 2030
FIG 13 LAMEA Smart Demand Response Market, by Application, 2019 - 2030, USD Million
FIG 14 LAMEA Smart Demand Response Market, Share by Country, 2022
FIG 15 LAMEA Smart Demand Response Market, Share by Country, 2030
FIG 16 LAMEA Smart Demand Response Market, by Country, 2019 - 2030, USD Million
FIG 17 Recent strategies and developments: ABB Group
FIG 18 SWOT Analysis: ABB Group
FIG 19 SWOT Analysis: Eaton Corporation PLC
FIG 20 Recent strategies and developments: Siemens AG
FIG 21 SWOT Analysis: Siemens AG
FIG 22 SWOT Analysis: Schneider Electric SE
FIG 23 Recent strategies and developments: Enel S.p.A
FIG 24 SWOT Analysis: Enel S.p.A
FIG 25 SWOT Analysis: General electric (GE) Co.
FIG 26 SWOT Analysis: Honeywell international, inc.
FIG 27 SWOT Analysis: Johnson Controls International PLC
FIG 28 SWOT Analysis: Oracle Corporation
FIG 29 SWOT Analysis: Itron, Inc.