Market Highlights
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.
Distributed
energy resource management (DERMS) is the management of distribution grid which
is integrated with distributed energy resources (DERs). In order to tackle the
current challenges related to distribution grid, electric utilities need new
set of tools to manage highly penetrated DERs. These tools are a combination of
different hardware and software that are integrated together in order to manage
these resources properly. DERMS is a module which manages the DERs and
traditional distribution assets such as capacitor banks, voltage regulators,
and tap changers. This management system increases the grid reliability and
performance of the DERs by significantly reducing the voltage excursions and
maintain higher network stability.
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Industry Highlights
The
global Distributed Energy Resource management market is set to witness
significant growth due to increasing share of renewable power generation as
well as growing government mandates and updated policies. For instance,
substantial amount of capital has been invested in solar, energy storage, and
customer energy management by almost 42 electric utilities. By building a
strong portfolio of DER companies, electric utilities are exploring the
potential value of DERs and their ability to increase customer engagement.
Moreover, the modern grid is facing lot of evolutionary changes with regards to
the adoption of more and more distributed energy resources. Increasing
dependence on renewable energy resources is resulting into increasing
complexity in the grid network. In order to minimize this complexity, electric
utility operators are focusing on adopting a foolproof system which would help
to manage these Many major companies around the globe are focusing on updating
their offering with adding DERMS.
Prominent Players:
The
key players of the 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
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Segmental
Analysis:
The Distributed
Energy Resource management market has been segmented based on end-user as industrial,
government & municipalities, Commercial, residential, and military. Among these
end-users, industrial segment is the largest segment in the distributed energy resource
management market due to increasing investments being made by major players in
setting up the DERMS platform. For instance, General Electric has invested in
Enbala through GE energy ventures has also been committed to offer DERMS with
collaborating with DUKE Energy’s Coalition of the Willing and Nice Grid
Project. All these factors are likely to drive the market for Distributed
Energy Resource management.
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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