The global
Distributed Energy Resource management market is estimated to expand at 16.50%
CAGR during the forecast period. 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.
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.
Industry Highlights
Distributed Energy
Resource management 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.
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.
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Industry Segmentation
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.
Leading 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
Scope of the Report
This research
report provides insights into various levels of analysis, such as industry
analysis and market share analysis for the leading industry competitors, along
with their profiles. It also helps in studying the target segments by providing
views on the emerging & high-growth segments. The market data comprises the
basic assessment of the competitive scenarios and strategies in the global Distributed
Energy Resource management market, including high-growth regions and/or
countries, and political and economic environments. The project report further
provides both – historical market values and pricing & cost analysis.
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