Distributed Energy Resource Management Market Research
Report: Information by Technology (Solar PV, Energy Storage, Wind, CHP),
Software (Analytics, Management & Control, VPP), End-User (Government &
Municipalities, Industrial, Commercial) & Region – Global Forecast till
2023
Distributed Energy Resource Management Market
Research Report – Global Forecast till 2023
A substantial increase in the energy regulations
coupled with advances in technology have driven a noteworthy upsurge in the
volume of distributed energy resources (DERs) on a global scale. The management
of distribution grids remains one of the prime challenges that distribution
utilities are confronted with. This has raised the adoption of distributed
energy resource management (DERMS) among the residential as well as the
commercial sector. The DERMS is still a nascent market and is likely to
proliferate in the coming years. The
global DERMS market is anticipated to expand at a CAGR of 16.50% over the
forecast period of 2016-2023, asserts Market Research Future (MRFR) in a
minutely analyzed study.
Industry Highlights
The penetration of distributed energy resources (DERs)
such as rooftop solar PV units, natural gas turbines, microturbines, wind
turbines, biomass generators, fuel cells, tri-generation units, battery
storage, electric vehicles (EV) and EV chargers, and others are growing at a
torrid pace. DERs are associated with the operational challenges such as system
reliability, power quality, and power availability which drive up DERMS
implementation to address the core challenges posed by DERs. Moreover, the
shift from the use of traditional energy sources to cleaner and greener energy
resources along with an elevated level of environmental awareness have spurred
the demand for DERMS.
The transition to electric vehicles from fuel-based
vehicles have created a conducive environment for the growth of the DERMS
market. The governments in various countries are also launching energy
initiatives to promote sustainable use of energy resource which is supporting
the growth of the DERMS market. For instance, Canada's Energy Innovation
Program (EIP) is the government's approach to make a low-carbon economy.
Schneider Electric has collaborated with Ontario-based Alectra Utilities to
provide Distributed Energy Resource Management System for EV-friendly grid.
Competitive Landscape
Autogrid Systems, Inc., General Electric, Enbala Power
Networks, Inc., Siemens AG, Doosan Gridtech, Inc., Enernoc, Inc., Schneider
Electric, ABB Ltd, Blue Pillar, Inc., Open Access Technology International,
Inc., and Spirae, Inc. are the distinguished players in the distributed energy
resource management market.
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Report at: https://www.marketresearchfuture.com/reports/distributed-energy-resource-management-market-7259
Global Distributed Energy Resource Management Market Segmentation
The global distributed energy resource management
market has been segmented based on technology, software, and end-user.
By technology, the distributed energy resource
management market has been segmented into solar PV, wind, combined heat &
power, and others. The wind segment is domineering the market. Offshore
turbines are being installed in various places to meet the towering energy
requirements. Wind energy in Europe is anticipated to witness a growth of an
average of 16.5 GW per year till 2022 which will further boost the growth of
the segment.
By software, the distributed energy resource
management market has been segmented into analytics, management & control,
and virtual power plant.
By end user, the distributed energy resource
management market has been segmented into industrial, government &
municipalities, commercial, residential, and military.
Regional Analysis
By region, the distributed energy resource management
market has been segmented into North America, Rest-of-the-World (RoW).
North America is leading the distributed energy
resource management market. Technological advancement in the energy & power
sector, stringent regulations, and large-scale adoption of DERMS in the
residential sector have significantly driven the market. The US is the key
contributor to the North America market. In addition, heightened awareness
regarding energy conservation has acted in favor of the market.
The APAC distributed energy resource management market
is spurred by a growing focus on energy consumption to cater to the mounting
energy requirements of both the industrial as well as residential sector.
Moreover, the governments in the region are advocating the use of DERMS to
ensure uninterrupted power supply and ensure cost saving.
The Europe DERMS market will be driven by the European
Union's renewable energy target which it intends to achieve by 2020.
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