Distributed Energy Resource Management Market Research Report: Information by Technology (Solar PV, Energy Storage, Wind, CHP), Software (Analytics, Management & Control, VPP), End-User (Government & Municipalities, Industrial, Commercial) & Region – Global Forecast till 2023



Distributed Energy Resource Management Market Research Report – Global Forecast till 2023

A substantial increase in the energy regulations coupled with advances in technology have driven a noteworthy upsurge in the volume of distributed energy resources (DERs) on a global scale. The management of distribution grids remains one of the prime challenges that distribution utilities are confronted with. This has raised the adoption of distributed energy resource management (DERMS) among the residential as well as the commercial sector. The DERMS is still a nascent market and is likely to proliferate in the coming years. The global DERMS market is anticipated to expand at a CAGR of 16.50% over the forecast period of 2016-2023, asserts Market Research Future (MRFR) in a minutely analyzed study.

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Industry Highlights

The penetration of distributed energy resources (DERs) such as rooftop solar PV units, natural gas turbines, microturbines, wind turbines, biomass generators, fuel cells, tri-generation units, battery storage, electric vehicles (EV) and EV chargers, and others are growing at a torrid pace. DERs are associated with the operational challenges such as system reliability, power quality, and power availability which drive up DERMS implementation to address the core challenges posed by DERs. Moreover, the shift from the use of traditional energy sources to cleaner and greener energy resources along with an elevated level of environmental awareness have spurred the demand for DERMS.

The transition to electric vehicles from fuel-based vehicles have created a conducive environment for the growth of the DERMS market. The governments in various countries are also launching energy initiatives to promote sustainable use of energy resource which is supporting the growth of the DERMS market. For instance, Canada's Energy Innovation Program (EIP) is the government's approach to make a low-carbon economy. Schneider Electric has collaborated with Ontario-based Alectra Utilities to provide Distributed Energy Resource Management System for EV-friendly grid.

Competitive Landscape

Autogrid Systems, Inc., General Electric, Enbala Power Networks, Inc., Siemens AG, Doosan Gridtech, Inc., Enernoc, Inc., Schneider Electric, ABB Ltd, Blue Pillar, Inc., Open Access Technology International, Inc., and Spirae, Inc. are the distinguished players in the distributed energy resource management market.

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Global Distributed Energy Resource Management Market Segmentation

The global distributed energy resource management market has been segmented based on technology, software, and end-user.

By technology, the distributed energy resource management market has been segmented into solar PV, wind, combined heat & power, and others. The wind segment is domineering the market. Offshore turbines are being installed in various places to meet the towering energy requirements. Wind energy in Europe is anticipated to witness a growth of an average of 16.5 GW per year till 2022 which will further boost the growth of the segment.

By software, the distributed energy resource management market has been segmented into analytics, management & control, and virtual power plant.

By end user, the distributed energy resource management market has been segmented into industrial, government & municipalities, commercial, residential, and military.

Regional Analysis

By region, the distributed energy resource management market has been segmented into North America, Rest-of-the-World (RoW).

North America is leading the distributed energy resource management market. Technological advancement in the energy & power sector, stringent regulations, and large-scale adoption of DERMS in the residential sector have significantly driven the market. The US is the key contributor to the North America market. In addition, heightened awareness regarding energy conservation has acted in favor of the market.

The APAC distributed energy resource management market is spurred by a growing focus on energy consumption to cater to the mounting energy requirements of both the industrial as well as residential sector. Moreover, the governments in the region are advocating the use of DERMS to ensure uninterrupted power supply and ensure cost saving.

The Europe DERMS market will be driven by the European Union's renewable energy target which it intends to achieve by 2020.

Also Read: https://www.marketwatch.com/press-release/distributed-energy-resource-management-market-2019-global-industry-size-emerging-technologies-comprehensive-research-study-business-strategy-top-leaders-business-growth-and-comprehensive-research-study-till-2023-2019-02-06

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