Market Overview:
The global distributed energy resource management system market is expected to grow from USD 2.02 billion in 2018 to USD 7.06 billion by 2030, at a CAGR of 16.5% from 2018 to 2030. The growth of the global distributed energy resource management system market can be attributed to the increasing demand for renewable energy sources and rising concerns about climate change and greenhouse gas emissions. Based on type, the solar PV segment is expected to lead the global distributed energy resource management system market during the forecast period.
Product Definition:
A Distributed Energy Resource Management System (DERMS) is a computer system used to manage distributed energy resources (DERs) such as wind turbines, solar panels, and batteries. A DERMS collects data from DERs and provides operators with information on how best to use the resources to meet demand. A DERMS is important because it allows operators to optimize the use of DERs, which can increase the efficiency and reliability of the grid.
Solar PV:
Solar PV, also called solar power, is the energy generated by using photovoltaic cells that make up the structure of a solar module. These cells are made from semiconductor materials such as silicon wafers and crystalline silicon. The sun’s rays enter these modules and cause the photoelectric effect which generates electricity. Solar PV systems can be used for residential or commercial purposes depending on their size i.e.
Wind:
Wind is a source of energy that is free and available to all the time. The wind can be used directly for power generation or it can be converted into other forms of energy such as electricity which can later be used for various applications. Wind turbine, which is an important component in DERMS system, extracts the wind's energy by using blades and uses it to generate electricity.
Application Insights:
The government & municipalities segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The growing need to reduce greenhouse gas emissions has resulted in a surge in government support for Distributed Energy Resources (DERs). Various initiatives being taken by governments across the world to promote renewable energy generation are expected to have a positive impact on market growth.
Distribution utilities are also increasingly deploying DERs such as solar PV panels and batteries along with conventional power plants owing to benefits such as cost-effectiveness, improved grid reliability, enhanced aesthetics of installations, etc. Rising awareness regarding these benefits is likely drive industry growth over the forecast period.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid adoption of Distributed Energy Resources (DERs), particularly solar PV, across several countries due to favorable government policies and subsidies as well as increasing awareness among consumers regarding DERs. China is anticipated to dominate Asia Pacific market over the forecast period owing to growing installations of Distributed Generation (DG) capacity, which will result in a significant increase in energy consumption. Moreover, India's Ministry of New & Renewable Energy has planned installation of 175 GW renewable power generation capacity by 2022 which will further boost demand for DER management systems across various industries including commercial, industrial and residential sectors. North America regional market accounted for a significant revenue share in 2017 owing to early technology adopters such as U.S.
Growth Factors:
- Increasing demand for distributed energy resources: The global market for distributed energy resources is expected to grow at a CAGR of more than 14% from 2016 to 2020. This growth can be attributed to the increasing demand for distributed energy resources due to the growing need for reliable and efficient power supply.
- Proliferation of smart grids: Smart grids are expected to play a major role in the growth of the market for Distributed Energy Resource Management System (DERMS). A smart grid is an electricity network that uses information and communication technology (ICT) to improve its efficiency and reliability. The deployment of smart grids is expected to increase significantly in the next few years, which will create opportunities for DERMS vendors.
- Rising awareness about benefits of DERs: There has been a significant rise in awareness about the benefits offered by DERs in recent years, which is driving their adoption across various industries worldwide. This is creating opportunities for DERMS vendors as they offer solutions that help businesses manage these resources effectively and efficiently optimize their operations using them.. 4) Development of innovative technologies: The development of innovative technologies such as blockchain technology and artificial intelligence (AI) is aiding the growth of th e marketforDERMS . These technologies are helping vendors develop new products that offer enhanced features an d functionality, thus expandingthe scopeofDERMS applications . 5 ) Growing investments in renewable energy sources: Governments aroundthe world are investing heavilyin renewable energ y sources such
Scope Of The Report
Report Attributes
Report Details
Report Title
Distributed Energy Resource Management System Market Research Report
By Type
Solar PV, Wind, Energy Storage, Combined Heat & Power, Others
By Application
Government & Municipalities, Industrial, Commercial, Residential, Military
By Companies
GE Grid Solutions, ABB Ltd., Siemens AG, Spirae, Open Access Technology International, Schneider Electric, Enbala Power Networks, Doosan Gridtech, Sunverge, Blue Pillar, Enernoc, Autogrid Systems, Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Distributed Energy Resource Management System Market Report Segments:
The global Distributed Energy Resource Management System market is segmented on the basis of:
Types
Solar PV, Wind, Energy Storage, Combined Heat & Power, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Government & Municipalities, Industrial, Commercial, Residential, Military
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Grid Solutions
- ABB Ltd.
- Siemens AG
- Spirae
- Open Access Technology International
- Schneider Electric
- Enbala Power Networks
- Doosan Gridtech
- Sunverge
- Blue Pillar
- Enernoc
- Autogrid Systems, Inc
Highlights of The Distributed Energy Resource Management System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solar PV
- Wind
- Energy Storage
- Combined Heat & Power
- Others
- By Application:
- Government & Municipalities
- Industrial
- Commercial
- Residential
- Military
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Distributed Energy Resource Management System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Distributed Energy Resource Management System (DERMS) is a software application that helps organizations manage their energy resources more effectively. It can help identify and track energy usage, plan and optimize energy use, and monitor the effectiveness of energy management strategies.
Some of the major companies in the distributed energy resource management system market are GE Grid Solutions, ABB Ltd., Siemens AG, Spirae, Open Access Technology International, Schneider Electric, Enbala Power Networks, Doosan Gridtech, Sunverge, Blue Pillar, Enernoc, Autogrid Systems, Inc.
The distributed energy resource management system market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Distributed Energy Resource Management System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Distributed Energy Resource Management System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Distributed Energy Resource Management System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Distributed Energy Resource Management System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Distributed Energy Resource Management System Market Size & Forecast, 2020-2028
4.5.1 Distributed Energy Resource Management System Market Size and Y-o-Y Growth
4.5.2 Distributed Energy Resource Management System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Solar PV
5.2.2 Wind
5.2.3 Energy Storage
5.2.4 Combined Heat & Power
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Government & Municipalities
6.2.2 Industrial
6.2.3 Commercial
6.2.4 Residential
6.2.5 Military
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Distributed Energy Resource Management System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Distributed Energy Resource Management System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Solar PV
9.6.2 Wind
9.6.3 Energy Storage
9.6.4 Combined Heat & Power
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Government & Municipalities
9.10.2 Industrial
9.10.3 Commercial
9.10.4 Residential
9.10.5 Military
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Solar PV
10.6.2 Wind
10.6.3 Energy Storage
10.6.4 Combined Heat & Power
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Government & Municipalities
10.10.2 Industrial
10.10.3 Commercial
10.10.4 Residential
10.10.5 Military
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Solar PV
11.6.2 Wind
11.6.3 Energy Storage
11.6.4 Combined Heat & Power
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Government & Municipalities
11.10.2 Industrial
11.10.3 Commercial
11.10.4 Residential
11.10.5 Military
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Solar PV
12.6.2 Wind
12.6.3 Energy Storage
12.6.4 Combined Heat & Power
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Government & Municipalities
12.10.2 Industrial
12.10.3 Commercial
12.10.4 Residential
12.10.5 Military
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Solar PV
13.6.2 Wind
13.6.3 Energy Storage
13.6.4 Combined Heat & Power
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Government & Municipalities
13.10.2 Industrial
13.10.3 Commercial
13.10.4 Residential
13.10.5 Military
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Distributed Energy Resource Management System Market: Competitive Dashboard
14.2 Global Distributed Energy Resource Management System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE Grid Solutions
14.3.2 ABB Ltd.
14.3.3 Siemens AG
14.3.4 Spirae
14.3.5 Open Access Technology International
14.3.6 Schneider Electric
14.3.7 Enbala Power Networks
14.3.8 Doosan Gridtech
14.3.9 Sunverge
14.3.10 Blue Pillar
14.3.11 Enernoc
14.3.12 Autogrid Systems, Inc
