Navigant Research has issued a new report forecasting the integrated Demand-Side Management (DSM) market to top $405 million in the U.S. and $1.2 billion worldwide by 2025. Energy efficiency goals and demand response targets are driving the growth targets to achieve cost reductions and facilitate grid modernization.
The report points out how places like California are leading the charge by employing combination of energy efficiency and DR programs as fundamental parts of their energy planning and strategy.
“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.”