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Global Distributed Energy Resource Management System Market to reach USD 1292.8 Million by 2027.

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Global Distributed Energy Resource Management System Market is valued approximately USD 402.3 Million in 2019 and is anticipated to grow with a healthy growth rate of more than 15.9% over the forecast period 2020-2027. The Distributed Energy Resource Management System (DERMS) is a platform which helps distribution system operators (DSO) to manage their grids that are mainly based on distributed energy resources (DER). An outage management system (OMS) or a supervisory control and data acquisition (SCADA) system is usually needed to provide all DERMS functionality and is used to organize the operation of the aggregated DER within a power grid. The decline in traditional sources of energy such as fossil fuels and growing environmental concerns as CO2 emission is stimulating the demand for renewable energies and technologies that can monitor, control, and manage the supply of energy efficiently. Thus, advancement in technologies introduced distributed energy resources (DER) technology comprises multiple generators and storage components. Therefore, the need for distributed energy resource management systems is dictated by end-users to essentially optimize the energy and act towards the preservation of the environment. The increasing share of renewable power generation and growing government mandates and updated policies are expected to boost the market size in the forecast period. For instance: according to International Renewable Energy Agency (IRENA), the total share of renewable energy generation capacity rose from 33.3% in 2018 to 34.7% in 2019. Also, it is stated by Centre for Climate and Energy Solutions (C2ES) that renewables made up 26.2 percent of global electricity generation in 2018 and are expected to increase up to 45 percent by 2040, due to rising consumption from solar, wind, and hydropower. Moreover, increasing smart grid and micro grid deployments is the factor creating a lucrative opportunity for the growth of market over the forecast years. However, regulatory issues related to different distributed energy resources and High initial investment is hampering the growth of market.

The regional analysis of global Distributed Energy Resource Management System market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading / significant region across the world in terms of market share due to the Rising installation of rooftop solar PV in a residential area, along with massive demand for renewable energy generation capacity in the US. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising renewable energy generation capacity, along with the growing investment & deployment of smart grid and microgrid would create lucrative growth prospects for the Distributed Energy Resource Management System market across Asia-Pacific region.

Major market player included in this report are:
ABB LTD
AUTOGRID SYSTEMS, INC.
SIEMENS
GENERAL ELECTRIC
OPEN ACCESS TECHNOLOGY INTERNATIONAL, INC.
SPIRAE, INC.
SCHNEIDER ELECTRIC
ENBALA POWER NETWORKS, INC.
DOOSAN GRIDTECH, INC.
SUNVERGE ENERGY, INC

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Solar PV
Wind
Energy Storage
Combined Heat & Power
Others

By Software:
Analytics
Management & control
Virtual power plant
By End-user:
Industrial
Government & Municipalities
Commercial
Residential
Military
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Distributed Energy Resource Management System Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

To get a sample of this report or to purchase a copy of the study, you can directly contact us. Or mail to us at: sales@bizwitresearch.com

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