The Global Distributed Energy Resource Management System Market was valued at USD 258.32 million in 2016 and is projected to reach USD 961.99 million by 2025, growing at a CAGR of 15.73% from 2017 to 2025.
Distributed Energy Resources are electricity generation units located within an electricity distribution system at or near the end user. Distributed Energy Resources management system (DERMS) keeps the grid balanced and optimized in real-time and maintains reliability and power quality. Benefits of DERMS include – grid reliability, reduce capital expenditure, high performance and scalability, fast response, and real-time control.
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1. Market Drivers
1.1 Increasing number of distributed energy resources
1.2 Declining cost of solar PV and energy storage
1.3 Rising smart grid and micro grid deployments
1.4 Increasing government mandates and updated policies
1.5 Shift from centralized to distributed generation
2. Market Restraints
2.1 Cybersecurity concerns associated with the energy sector
2.2 Regulatory issues related to different distributed energy resources
The Global Distributed Energy Resource Management System Market is segmented on the software, technology, end user, and region.
1.1 Management & Control
1.2 Virtual Power Plants
2. By Technology:
2.1 Energy Storage
2.2 Combined Heat & Power
2.3 Solar PV
3. By End User:
3.4 Government & Municipalities
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Autogrid Systems, Inc.
2. General Electric
3. Spirae, Inc.
4. Enbala Power Networks, Inc.
5. Sunverge Energy, Inc
6. Enernoc, Inc.
7. ABB Ltd
8. Siemens AG
9. Open Access Technology International, Inc.
10. Schneider Electric
11. Doosan Gridtech, Inc.
12. Blue Pillar, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Distributed Energy Resource Management System Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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