|Growth Opportunities in the Asia-Pacific Demand Response Market, Forecast to 2025|
|Actual Accumulated Demand Response Resources to Cross 30GW by 2025|
The Asia-Pacific demand response market is in the growing stage with countries such as South Korea, Japan, and New Zealand in the forefront. The liberalization of electricity markets and increasing distributed energy resources have a major role in driving the growth of demand response. However, lack of standardized procedures and absence of incentives deter the market growth in most countries in the region. Australia and Singapore are other notable countries that are aiming to establish an effective DR system in the electricity markets.
Countries such as Japan, Australia, and Singapore are still testing the impacts and feasibility of demand response. However, after 2020, the market is expected to grow strongly with the introduction of demand response for ancillary services in the power sector. Liberalization of the electricity sector is a major drive for demand response market in the region.
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