Distributed Energy Resource Management Market Global Outlook 2022- 2030: Emerging Trends and Developments
Research Reports
Jun 09, 2022
The Distributed Energy Resource Management market is growing pervasively, witnessing an exponential growth backed by the increasing investments, competitive activities, global developments, opportunity, and business trends during forecast period 2022 to 2030.
Distributed Energy Resource Management Market Overview
Distributed Energy Resource Management Market is expected to grow at 15.78% CAGR during the forecast period 2022-2030. Distributed energy resource management is a system which takes care of the management of distributed energy resources (DERs) through the integration of hardware and software. In the current scenario, distributed energy resources (DERs) are highly in demand due to factors such as unexpected utility power outages, planned rolling blackouts, power quality issues, and increase power costs. Advancement in DERs have resulted into complexity of grid which is difficult to manage. For managing these DERs, electric utilities need to install proper management system such as DERMS for managing these DERs.
Distributed Energy Resource Management market demonstrates a high growth potential which is likely to attract many entrants to the market resultantly, intensifying the competition further. Manufacturers strive to develop innovative materials, and best practices. Incorporating acquisition, collaboration, partnership, and expansion the well-established players gain the competitive advantage to maintain their market position. Also, they make substantial investments in manufacturing & expansion program. Expansions help in reducing logistic cost and increase production capacities and potential to fetch larger turnovers.
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Most important Segments of Distributed Energy Resource Management market covered in this report are,
By Technology
- Solar PV
- Energy Storage
- Wind
- Combined Heat & Power
- Others
By Software
- Analytics
- Management & Control
- Virtual Power Plant
By End-User
- Industrial
- Government & Municipalities
- Commercial
- Residential
- Military
Distributed Energy Resource Management Industry Influence of the global market report:
- Comprehensive assessment of all opportunities and risks in the Distributed Energy Resource Management Market.
- Distributed Energy Resource Management Market recent innovations and major events.
- A detailed study of business strategies for the growth of the Distributed Energy Resource Management Market market-leading players.
- Conclusive study about the growth plot of Distributed Energy Resource Management Market for forthcoming years.
- In-depth understanding of Distributed Energy Resource Management Market, market-particular drivers, constraints, and major micro markets.
- Favorable impression inside vital technological and market latest trends striking the Distributed Energy Resource Management Market.
Globally Major key Players accelerates the Distributed Energy Resource Management Market are, ABB Ltd, Autogrid Systems, Inc., Siemens AG, General Electric, Open Access Technology International, Inc., Spirae, Inc., Schneider Electric, Enbala Power Networks, Inc., Doosan Gridtech, Inc, Blue Pillar, Inc., and Enernoc, Inc., among others.
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Distributed Energy Resource Management Market Regional Analysis
Region wise, North America held the largest market share of the global Distributed Energy Resource Management Market in 2017. Distributed energy resources are expected to grow significantly across the US over the next 5 years. As of 2017, five classes of behind-the-meter DERs such as distributed solar, small-scale combined heat and power systems, electric vehicles, and energy storage contributed almost 46.4 GW of impact on the US summer peak. By 2023, this figure is expected to be more than double to 104 GW of flexible capacity. Moreover, electric utilities are also engaging their customers on the DER front. More than 100 US utilities have set up at least a basic DER marketplace. All these factors are likely to boost the DERMS market in the region.
LIST OF TABLES
TABLE 1 GLOBAL DISTRIBUTED ENERGY RESOURCE MANAGEMENT MARKET, BY REGION, 2020-2027 (USD MILLION)
TABLE 2 NORTH AMERICA DISTRIBUTED ENERGY RESOURCE MANAGEMENT MARKET, BY COUNTRY, 2020-2027 (USD MILLION)
TABLE 3 EUROPE DISTRIBUTED ENERGY RESOURCE MANAGEMENT MARKET, BY COUNTRY, 2020-2027 (USD MILLION)
TABLE 4 ASIA-PACIFIC DISTRIBUTED ENERGY RESOURCE MANAGEMENT MARKET, BY COUNTRY, 2020-2027 (USD MILLION)
TABLE 5 REST OF THE WORLD DISTRIBUTED ENERGY RESOURCE MANAGEMENT MARKET, BY REGION, 2020-2027 (USD MILLION)
TABLE 6 GLOBAL DISTRIBUTED ENERGY RESOURCE MANAGEMENT MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 7 NORTH AMERICA DISTRIBUTED ENERGY RESOURCE MANAGEMENT MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 8 EUROPE DISTRIBUTED ENERGY RESOURCE MANAGEMENT MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 9 ASIA-PACIFIC DISTRIBUTED ENERGY RESOURCE MANAGEMENT MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
TABLE 10 REST OF THE WORLD DISTRIBUTED ENERGY RESOURCE MANAGEMENT MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION)
…Continue.
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