Behavioral and analytical demand-side management spending expected to reach US$2.5 billion in 2024, says firm

The availability of energy usage data and the creation of software platforms with data analytics have recently given way to new forms of analytical demand-side management (DSM). Behavioral and analytical DSM, which focus on consumer education, individual participation, and finding opportunities for energy savings through equipment monitoring and data analytics, have the potential to deliver greater results to consumers than traditional programs. According to a new report from Navigant Research, global behavioral and analytical DSM spending is expected to grow from US$214.7 million in 2015 to US$2.5 billion in 2024.

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