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.
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Segmentation
Global distributed energy resource
management market has been segmented based on technology, software, end-user,
and region.
Based on technology, the market has been
classified into solar PV, wind, combined heat & power, and others. Wind segment
dominates the market as many offshore turbines are being installed for catering
to increasing energy demand. Moreover, wind energy in Europe will witness a
growth of an average of 16.5 GW per year till 2022. Every large turbine would
contribute to drive this growth with 4 MW+ and 8 MW+ now becoming the new norm
in onshore as well as offshore wind respectively.
Based on software, the market has been
segmented as analytics, management & control, and virtual power plants.
Analytics segment is expected to dominate the market during the forecast period
as predictive analytics solutions helps to improve efficiency, reduce costs,
and better interact with their customers.
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Key
Players
The key players of global 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.
Regional
Outlook
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.
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