Distributed Energy Resource Management Market Accelerated at a 16.48% CAGR to Reach USD 2.03 billion Global Revenue by the End of 2030
Research Reports
Mar 16, 2023
Distributed Energy Resource Management Market Overview
Distributed Energy Resource Management Market growth is expected to reach USD 2.03 billion by 2030 at 16.48% CAGR during the forecast period 2022-2030.
The Distributed Energy Resource Management (DERM) market refers to the management and optimization of various distributed energy resources, such as solar panels, wind turbines, and energy storage systems, within a local energy network.
The growing demand for renewable energy sources, such as solar and wind, is driving the need for efficient management and optimization of these resources. DERM solutions enable the effective integration of these distributed energy resources into the grid, which can help reduce reliance on traditional energy sources and improve energy efficiency.
The Report Answers Following Questions:
- What are the key drivers of this market growth?
- What are the emerging trends that could impact the demand for this industry in the future?
- How will market evolve over the next 5-10 years?
- What strategies do you think companies should adopt to meet the demand and capitalize on market growth opportunities?
- What will be the future growth rate of the market?
- What is the current demand for this market?
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Competitive Landscape
Increasing share of renewable power generation and growing government mandates is presumed to drive the market growth worldwide. The global distributed energy resource management market could be challenged by high adoption of green resources, nevertheless, organizations in the market will carry the growth rate forward. The distributed energy resource management market research report presents company profiles of major companies active in the market globally. Furthermore, the global distributed energy resource management market report offers an all-inclusive analysis of the market collected from the market’s primary and secondary sources covering both decision makers and thought leaders. The market research report highlights such key areas assisting businesses operating in the market to build better growth strategies.
Market Segmentation
The global distributed energy resource management market has been segmented based on end-user, region, software and technology.
On the basis of end-user, the market for distributed energy resource management is segmented based on commercial, government & municipalities, and industrial.
On the basis of software, is segmented into analytics, management and control, VPP.
The global market for distributed energy resource management is also covered based on the technology segment which is further split into combined heat & power, others, wind, and solar PV.
Major elements such as evolutionary changes could obstruct the market growth. However, according to the distributed energy resource management market research report, increasing deployment of smart grid along with companies focusing on integrating DERMS will propel growth throughout the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The exploration of end-user, region, software and technology segments along with regional markets has been given in the global market research report. The research analysts studying the market have put out market forecasts in the market research report in order to support market-based companies. The distributed energy resource management market research report provides an extensive understanding of the market based on the information and forecasts till 2030.
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Regional Overview
North America, Europe, Asia Pacific and the rest of the world regional market for distributed energy resource management are predominantly covered in the global distributed energy resource management market research report. Country-level markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level markets are covered in the report. In Asia-Pacific (APAC) region, the country-level markets covered are Japan, India, China, and others. The distributed energy resource management market research report also explores the regional market for distributed energy resource management present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The distributed energy resource management market research report also covers regional markets from the rest of the world alongside markets of Africa and the Middle East.
Industry News
The Spruce Power Company has announced its smart power solutions, enabling consumers to optimize and ensure their current solar energy homes by adding battery and smart electric vehicle (SEV) chargers. They also deliver energy efficiency roots and residential solar energy. Spruce Power is a smart energy system. Spruce Power has now supported 80,000 homeowners with leased solar systems and improvements to energy conservation, overseeing billing, operations and service (O&M) services as the biggest private owner and distributary residential solar energy assets in the US.
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Key Players
- ABB Ltd
- Autogrid Systems Inc.
- Siemens AG
- General Electric
- Open Access Technology International Inc.
- Spirae Inc.
- Schneider Electric
- Enbala Power Networks
- Doosan Gridtech
- Blue Pillar
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