Global
Distributed Energy Resource Management Market Analysis
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.
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.
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.
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.
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.
Industry
Updates
December
2018 - PXiSE Energy Solutions, LLC, announced the deployment of the world's
largest distributed energy management system in Western Australia. The Active
Control Technology (ACT) platform has been chosen by Horizon Power, the public
utility supply remote. ACT will provide incredible granular level of insight
into the operation of Horizon Power's network.
Related
Reports:
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