North America Smart Demand Response Market Databank

North America Smart Demand Response Market Databank

The Smart Demand Response market was valued at $5,687.2 Million in 2020, and is projected to reach $9,839.2 Million by 2029 growing at a CAGR of 6.41% from 2021 to 2029. Industrial segment is expected to be the highest contributor to this market, with $2,847.1 Million in 2020, and is anticipated to reach $4,795.3 Million by 2029, registering a CAGR of 6.09%. Residential segment is anticipated to reach $3,261.4 Million by 2029 with the highest CAGR of 6.80%. Industrial and Residential segments collectively expected to account for about 82.1% share of the Smart Demand Response market in 2020, with the former constituting around 50.1% share. Residential and Commercial segments are expected to witness significant growth rates at a CAGR of 6.80% and 6.57% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 49.9% in the overall Smart Demand Response market in 2020, and is anticipated to reach 51.3% by 2029.