Globally, diverse solution providers are driving interest from utilities and retail energy suppliers in demand response management systems
November 3, 2016 – Boulder, CO – A new Leaderboard report from Navigant Research examines the strategy and execution of nine leading providers of demand response management systems (DRMSs), providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses.
As the scale of demand response programs continues to increase, operational reliability and the need for more centralized management and control have become critical. Many vendors are now offering solutions categorized as DRMSs, which help energy providers manage demand response programs and improve the return on investment. Click to tweet: According to a new Leaderboard report from @NavigantRSRCH, Siemens and AutoGrid are the leading providers of demand response management systems in terms of strategy and execution.
“The global DRMS market is heating up and leading companies are investing heavily to develop their capabilities and strategies,” says Brett Feldman, principal research analyst with Navigant Research. “While Siemens is a multinational corporation well-ensconced in the utility operational technology arena, AutoGrid is a Silicon Valley start-up that is looking to bring big data software analytics to the stodgy energy industry.”
Utility uptake of DRMSs has been slow to date, but interest is increasing thanks to an assortment of vendors ranging from full-scale utility operational system providers to pure-play DRMS vendors, according to the report. A number of companies focused on other aspects of the smart grid arena are also now moving into the demand response space, but have a great deal of ground to cover in order to catch up to the incumbents.
The report, Navigant Research Leaderboard Report: Demand Response Management Systems, examines the strategy and execution of nine leading DRMS providers. These players are rated on 10 criteria: vision; go-to market strategy; partners; technology; geographic reach; sales, marketing, and distribution; product performance; product portfolio; pricing; and staying power. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing an objective assessment of their relative strengths and weaknesses in the global DRMS market. 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, Navigant Research Leaderboard Report: Demand Response Management Systems, 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.