Market Analysis and Insights: Korea Demand Response (DR) Market
The Korea Demand Response (DR) market size in 2022 is 235.96 million US dollars, and it is expected to be 497.76 million US dollars by 2029, with a compound annual growth rate of 11.25% expected in 2023-2029.
MARKET COMPETITIVE LANDSCAPE:
The main players in the Demand Response (DR) market include Gridwiz, iDRS, ENlighten Co., Ltd. , ITMAN Co.,Ltd. , and Enel X. The share of the top 3 players in the Demand Response (DR) market is 64.60%.
SEGMENT OVERVIEW:
This report conducts segment analysis on type and application level. Type segment includes Hardware, Service, etc. Application segment includes Industrial, Residential, etc.
---Service contributes approximately 65.37% share to the market in 2022.
---Industrial contributes approximately 59.77% share to the market in 2022.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the Korea Demand Response (DR) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the Korea Demand Response (DR) market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the Korea Demand Response (DR) market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the Korea Demand Response (DR) market.
Korea Demand Response (DR) Scope and Market Size
Demand Response (DR) market is segmented by company, by Type, and by Application. Players, stakeholders, and other participants in the Korea Demand Response (DR) market will be able to gain the upper hand as they use the report as a powerful resource.
The impact of the outbreak of COVID-19 and the Russia-Ukraine War on the Demand Response (DR) industry is considered in the report, covering the dynamic analysis of the development of the Demand Response (DR) industry, including trends, technologies, opportunities, constraints. To ensure report buyers are able to gain in-depth knowledge of the market.
Demand Response (DR) refers to the practice of managing and adjusting electricity consumption in response to supply conditions, price signals, or grid reliability needs. Here are some observed market trends in the Demand Response (DR) market in Korea:
Government Initiatives and Policy Support: The Korean government has been actively promoting Demand Response as part of its energy efficiency and renewable energy goals. The government has implemented various policies, regulations, and incentive programs to encourage the adoption of Demand Response solutions by both commercial and residential consumers. These initiatives have created a favorable market environment and contributed to the growth of the DR market in Korea.
Increasing Grid Flexibility and Stability: With the integration of renewable energy sources and the transition towards a smarter and more resilient grid, the importance of demand-side management, including Demand Response, has increased. Demand Response programs help balance electricity supply and demand, particularly during peak periods or when the grid faces stability issues. The market trend reflects the growing recognition of DR as a valuable tool for grid flexibility and stability in Korea.
Industrial and Commercial Sector Participation: The industrial and commercial sectors play a significant role in the Demand Response market. Large energy consumers in sectors such as manufacturing, retail, and hospitality are increasingly participating in Demand Response programs to optimize their energy consumption, reduce costs, and contribute to grid stability. The market trend reflects the growing interest and engagement of businesses in Demand Response initiatives.
Technology Advancements and Smart Grid Integration: Advancements in technology, including smart meters, advanced analytics, and communication systems, have facilitated the integration of Demand Response into the smart grid infrastructure. Smart grid capabilities enable real-time monitoring, data collection, and automated control of energy consumption, making Demand Response implementation more efficient and effective. The market trend reflects the adoption of smart grid technologies and their integration with Demand Response solutions in Korea.
Demand Response Aggregators and Service Providers: Demand Response programs often involve aggregators or service providers that act as intermediaries between electricity consumers and grid operators. These entities help enroll and manage the participation of consumers, provide demand response technologies and solutions, and ensure the smooth operation of DR programs. The market trend reflects the emergence and growth of Demand Response aggregators and service providers in Korea, offering expertise and value-added services in the DR market.
Consumer Awareness and Engagement: Increasing consumer awareness of energy consumption patterns, environmental concerns, and the potential benefits of Demand Response has contributed to the market trend. Consumers are becoming more conscious of their electricity usage and are willing to participate in Demand Response programs to reduce energy costs, contribute to sustainability goals, and support grid stability. This growing consumer engagement is driving the expansion of the DR market in Korea.
Integration with Energy Management Systems: Demand Response is often integrated with energy management systems (EMS) to enable better control and optimization of energy consumption. EMS platforms provide real-time energy monitoring, automation, and control capabilities, allowing consumers to actively manage their electricity usage and participate in Demand Response events. The market trend reflects the integration of Demand Response with EMS solutions to enhance energy efficiency and grid responsiveness.
Highlights-Players
Major Players in Demand Response (DR) market are:
Gridwiz
iDRS
ENlighten Co., Ltd.
ITMAN Co.,Ltd.
Enel X
SK TELECOM CO., LTD.
Byucksan Power
Manageon Co., Ltd.
SYNERGY INC.
CS Withers Co., Ltd.
Replus Co., Ltd.
AISoft Co., Ltd.
Highlights-Types
Most important types of Demand Response (DR) products covered in this report are:
Hardware
Service
Software
Highlights-Application
Most widely Application of Demand Response (DR) market covered in this report are:
Industrial
Residential
Commercial
Table of Content
1 Introduction to Research & Analysis Reports
1.1 Demand Response (DR) Market Definition
1.2 Market Segments
1.2.1 Segment by Type
1.2.2 Segment by Application
1.2.3 Demand Response (DR) Segment by Application
1.3 Korea Demand Response (DR) Market Overview
1.4 Base Year
1.5 Coronavirus Disease 2021 (COVID-19) Impact on Global
2 Korea Demand Response (DR) Overall Market Size
2.1 Korea Demand Response (DR) Market Size: 2023 VS 2029
2.2 Korea Demand Response (DR) Revenue, Prospects & Forecasts: 2018-2029
3 Sights by Type
3.1 Overview
3.1.1 By Type - Korea Demand Response (DR) Market Size Markets, 2023 & 2029
3.2 By Type - Korea Demand Response (DR) Revenue & Forecasts
3.2.1 By Type - Korea Demand Response (DR) Revenue, 2018-2023
3.2.2 By Type - Korea Demand Response (DR) Revenue, 2023-2029
3.2.3 By Type - Korea Demand Response (DR) Revenue Market Share, 2018-2029
3.3 Forecast
4 Sights by Application
4.1 Overview
4.1.1 By Application - Korea Demand Response (DR) Market Size, 2023 & 2029
4.2 By Application - Korea Demand Response (DR) Revenue & Forecasts
4.2.1 By Application - Korea Demand Response (DR) Revenue, 2018-2023
4.2.2 By Application - Korea Demand Response (DR) Revenue, 2023-2029
4.2.3 By Application - Korea Demand Response (DR) Revenue Market Share, 2018-2029
4.3 Forecast
5 Company Landscape
5.1 Top Demand Response (DR) Players in Korea Market
5.2 Top Korea Demand Response (DR) Companies Ranked by Revenue
5.3 Korea Demand Response (DR) Revenue by Companies
5.4 Top 3 and Top 6 Demand Response (DR) Companies in Korea Market, by Revenue in 2023
5.5 Companies Demand Response (DR) Business Type
6 Key Players Analysis
6.1 Competitive Profile
6.2 Gridwiz
6.2.1 Company Profiles
6.2.2 Demand Response (DR) Product Introduction
6.2.3 Gridwiz Value, Gross, Gross Margin 2018-2023
6.2.4 Recent Developments
6.3 iDRS
6.3.1 Company Profiles
6.3.2 Demand Response (DR) Product Introduction
6.3.3 iDRS Value, Gross, Gross Margin 2018-2023
6.3.4 Recent Developments
6.4 ENlighten Co., Ltd.
6.4.1 Company Profiles
6.4.2 Demand Response (DR) Product Introduction
6.4.3 ENlighten Co., Ltd. Value, Gross, Gross Margin 2018-2023
6.4.4 Recent Developments
6.5 ITMAN Co.,Ltd.
6.5.1 Company Profiles
6.5.2 Demand Response (DR) Product Introduction
6.5.3 ITMAN Co.,Ltd. Value, Gross, Gross Margin 2018-2023
6.5.4 Recent Developments
6.6 Enel X
6.6.1 Company Profiles
6.6.2 Demand Response (DR) Product Introduction
6.6.3 Enel X Value, Gross, Gross Margin 2018-2023
6.6.4 Recent Developments
6.7 SK TELECOM CO., LTD.
6.7.1 Company Profiles
6.7.2 Demand Response (DR) Product Introduction
6.7.3 SK TELECOM CO., LTD. Value, Gross, Gross Margin 2018-2023
6.7.4 Recent Developments
6.8 Byucksan Power
6.8.1 Company Profiles
6.8.2 Demand Response (DR) Product Introduction
6.8.3 Byucksan Power Value, Gross, Gross Margin 2018-2023
6.8.4 Recent Developments
6.9 Manageon Co., Ltd.
6.9.1 Company Profiles
6.9.2 Demand Response (DR) Product Introduction
6.9.3 Manageon Co., Ltd. Value, Gross, Gross Margin 2018-2023
6.9.4 Recent Developments
6.10 SYNERGY INC.
6.10.1 Company Profiles
6.10.2 Demand Response (DR) Product Introduction
6.10.3 SYNERGY INC. Value, Gross, Gross Margin 2018-2023
6.10.4 Recent Developments
6.11 CS Withers Co., Ltd.
6.11.1 Company Profiles
6.11.2 Demand Response (DR) Product Introduction
6.11.3 CS Withers Co., Ltd. Value, Gross, Gross Margin 2018-2023
6.11.4 Recent Developments
6.12 Replus Co., Ltd.
6.12.1 Company Profiles
6.12.2 Demand Response (DR) Product Introduction
6.12.3 Replus Co., Ltd. Value, Gross, Gross Margin 2018-2023
6.12.4 Recent Developments
6.13 AISoft Co., Ltd.
6.13.1 Company Profiles
6.13.2 Demand Response (DR) Product Introduction
6.13.3 AISoft Co., Ltd. Value, Gross, Gross Margin 2018-2023
6.13.4 Recent Developments
7 Research Findings and Conclusion
8 Methodology and Data Source
8.1 A Methodology
8.1.1 Research Process
8.1.2 Market Size Estimation
8.1.3 Market Breakdown and Data Triangulation
8.2 B Data Source
8.2.1 Legal Disclaimer
List of Tables and Figures
Figure Type Picture
Table Application of Demand Response (DR)
Figure Korea Demand Response (DR) Market Overview
Figure 2021 (COVID-19) Impact on Global Economic Growth 2020, 2021, 2022
Figure Population infected by the Covid-19 of Major Countries
Table Korea Demand Response (DR) Market Size: 2023 VS 2029
Figure Korea Demand Response (DR) Revenue, Prospects & Forecasts: 2018-2029
Table By Type - Korea Demand Response (DR) Market Size Markets, 2023 & 2029
Table By Type - Korea Demand Response (DR) Revenue, 2018-2023
Table By Type - Korea Demand Response (DR) Revenue, 2023-2029
Table By Type - Korea Demand Response (DR) Revenue Market Share, 2018-2029
Table By Application - Korea Demand Response (DR) Market Size, 2023 & 2029
Table By Application - Korea Demand Response (DR) Revenue, 2018-2023
Table By Application - Korea Demand Response (DR) Revenue, 2023-2029
Table By Application - Korea Demand Response (DR) Revenue Market Share, 2018-2029
Table Top Korea Demand Response (DR) Companies Ranked by Revenue
Table Korea Demand Response (DR) Revenue by Companies (2018-2023)
Figure Top 3 Demand Response (DR) Companies in Korea Market, by Revenue in 2023
Figure Top 6 Demand Response (DR) Companies in Korea Market, by Revenue in 2023
Table Companies Demand Response (DR) Business Type
Table Major Players Value Share (2018-2023)
Table Company Profiles
Table Type Introduction
Table Gridwiz Value, Gross, Gross Margin 2018-2023
Figure Gridwiz Value Market Share 2018-2023
Table Recent Developments
Table Company Profiles
Table Type Introduction
Table iDRS Value, Gross, Gross Margin 2018-2023
Figure iDRS Value Market Share 2018-2023
Table Recent Developments
Table Company Profiles
Table Type Introduction
Table ENlighten Co., Ltd. Value, Gross, Gross Margin 2018-2023
Figure ENlighten Co., Ltd. Value Market Share 2018-2023
Table Recent Developments
Table Company Profiles
Table Type Introduction
Table ITMAN Co.,Ltd. Value, Gross, Gross Margin 2018-2023
Figure ITMAN Co.,Ltd. Value Market Share 2018-2023
Table Recent Developments
Table Company Profiles
Table Type Introduction
Table Enel X Value, Gross, Gross Margin 2018-2023
Figure Enel X Value Market Share 2018-2023
Table Recent Developments
Table Company Profiles
Table Type Introduction
Table SK TELECOM CO., LTD. Value, Gross, Gross Margin 2018-2023
Figure SK TELECOM CO., LTD. Value Market Share 2018-2023
Table Recent Developments
Table Company Profiles
Table Type Introduction
Table Byucksan Power Value, Gross, Gross Margin 2018-2023
Figure Byucksan Power Value Market Share 2018-2023
Table Recent Developments
Table Company Profiles
Table Type Introduction
Table Manageon Co., Ltd. Value, Gross, Gross Margin 2018-2023
Figure Manageon Co., Ltd. Value Market Share 2018-2023
Table Recent Developments
Table Company Profiles
Table Type Introduction
Table SYNERGY INC. Value, Gross, Gross Margin 2018-2023
Figure SYNERGY INC. Value Market Share 2018-2023
Table Recent Developments
Table Company Profiles
Table Type Introduction
Table CS Withers Co., Ltd. Value, Gross, Gross Margin 2018-2023
Figure CS Withers Co., Ltd. Value Market Share 2018-2023
Table Recent Developments
Table Company Profiles
Table Type Introduction
Table Replus Co., Ltd. Value, Gross, Gross Margin 2018-2023
Figure Replus Co., Ltd. Value Market Share 2018-2023
Table Recent Developments
Table Company Profiles
Table Type Introduction
Table AISoft Co., Ltd. Value, Gross, Gross Margin 2018-2023
Figure AISoft Co., Ltd. Value Market Share 2018-2023
Table Recent Developments
Table Research Process
Figure Bottom-up and Top-down Approaches for This Report
