As other regions implement integrated demand-side management programs, global spending is expected to reach $1.2 billion by 2025
A recent report from Navigant Research examines the global market for integrated demand-side management (IDSM), focusing on energy efficiency and demand response (DR) programs, with market forecasts for spending, through 2025.
As energy efficiency goals increase globally, IDSM is being driven by regulatory pressure, cost reduction potential, grid modernization, and targeted demand-side management. Places like California, where the combination of energy efficiency and DR programs have been used as a fundamental part of the state’s energy planning and strategy, are leading the charge. Click to tweet: According to a recent report from @NavigantRSRCH, North America is expected to spend $405 million on integrated demand-side management in 2025.
“Key drivers that take technical, policy, and economic factors into account are pushing the IDSM market forward, particularly in North America,” says Paige Leuschner, research analyst with Navigant Research. “Barriers slowing the rate of IDSM program development include utility resistance to change, misaligned budgets, siloed energy audits, and vendor conflicts among other factors.”
Global growth in IDSM programs is expected to be robust between 2016 and 2025 as other regions follow North America’s lead, according to the report. It is anticipated that by 2025, global IDSM spending will reach $1.2 billion.
The report, Integrated Demand-Side Management, analyzes the global market for IDSM, with a focus on energy efficiency and DR programs. The study provides an analysis of the market issues, including drivers and barriers, associated with IDSM. Global market forecasts for spending, segmented by region, extend through 2025. The report also examines the history and evolution of DSM, as well as the common definitions of IDSM. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Integrated Demand-Side Management, 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.