Navigant Research predicts demand-side management spending will reach $1.2 billion globally and $405 million in North America by 2025
Written By: Stratton Report
November 8, 2016
On November 8, Navigant Research announced a forecast that North American spending on integrated demand-side management would be $405 million in 2025.
Moreover, 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 firm. It is anticipated that by 2025, global IDSM spending will reach $1.2 billion.
According to the research firm, 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.
Paige Leuschner, research analyst with Navigant Research remarked:
“Key drivers that take technical, policy, and economic factors into account are pushing the IDSM market forward, particularly in North America. Barriers slowing the rate of IDSM program development include utility resistance to change, misaligned budgets, siloed energy audits, and vendor conflicts among other factors.”