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Europe Demand Side Management Market Trends

  • Report ID: GMI9591
  • Published Date: May 2024
  • Report Format: PDF

Europe Demand Side Management Market Trends

Supportive policies, incentives, and mandates in conjunction with potential associated to cost-savings will encourage the product penetration by utilities, businesses, and households. Moreover, its ability to ensure energy security and reliability during the periods of high demand will foster the business scenario. For instance, in May 2022, European Commission implemented REPowerEU Plan to bolster energy security by saving energy and accelerating the clean energy transition. Growing integration of renewable energy sources, such as solar and wind, into the power grid is fuelling the need for these solutions to manage the variability and intermittency of these resources. Additionally, technological advancements, particularly in areas like energy management systems, and IoT (Internet of Things) devices, will sway the innovative landscape in the industry.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size for demand side management in Europe reached USD 16.7 billion in 2023 and is set to witness 12.6% CAGR during 2024 to 2032, led by the rising emphasis on energy efficiency measures.

The demand response service segment is anticipated to cross USD 32 billion by 2032, owing to utilities seeking to optimize grid operations and reduce reliance on fossil fuels.

Germany market is forecasted to reach more than USD 7.5 billion by 2032, due to favorable regulations and policies promoting energy efficiency and grid stability.

C3.ai, Inc, Dexma Sensors SL, Eaton, Emerson Electric Co., eSight Energy, General Electric, Honeywell International Inc., International Business Machines Corporation (IBM), and Johnson Controls among others.

Europe Demand Side Management Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 24
  • Countries covered: 9
  • Pages: 80
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