Market Research Future
(MRFR) reveals that the global distributed energy resource management market is
likely to exhibit a CAGR of around 16.50% over the evaluation period of 2016 to
2023.
The global Energy
Resource Management Market is expected to capitalize on benefits of the
system. Distributed energy resource management system eliminates the
limitations by centralized power systems. The rising price for electricity is
triggering the need for effective and affordable solutions, due to which
distributed energy resource management solution is gaining popularity. Shifting
focus towards energy generation by green technology and growing awareness about
carbon footprint are factor that are also expected to cast a positive impact on
the market growth. The high initial investment acts as a major barrier to the
market. However, lack of initial investment can act as a constraint on the
market expansion.
Segmental Outline
The global market of
distributed energy resource management has been segmented by technology,
software, and end-user.
By technology, the market
has been segmented into wind, solar PV, combined heat & power, and others.
Installation of several off-shore turbines are being observed, as the demand
for energy surges. The wind segment is expected to contribute significantly to
the expansion of the market in the coming years.
By software, the
distributed energy resource management market has been segmented into virtual
power plant, analytics, and management & control. The analytics segment is
likely to direct the market growth. Predictive analytics solutions aids in
cutting down maintenance cost, increase efficiency, and promote better
interaction with their customers.
By end-user, the
distributed energy resource management market has been segmented into
industrial, government & municipalities, residential, military, and
commercial.
Regional Outlook
By region, the distributed energy resource management market has been
studied in Europe, North America, Asia-Pacific, and the Rest of the World
(RoW).
The market in North America
is expected to secure the prime position in the global distribution energy
resource management market. The United States is expected to hold the giant
share of the regional market over the review period. By 2023, the increasing
activities concerning mall-scale combined heat, the distributed solar, sand
power systems, energy storage, and electric vehicles are expected to cast a
positive impact on the United States market.
In addition, the rising electric utilities of consumers on the DER
front, triggered the setting up of DER plants in the region, which is expected
to propel the regional market growth.
In Europe, the distributed
energy resource management market is expected to gain global foothold due to
increase in number of wind turbines that are installed to meet energy demands.
In the Asia Pacific region,
the increase in world population is rising the demand for energy. Consumers are
demanding for quick fix to their need due to which, distributed energy resource
management is gaining popularity. Hence, the APAC market is expected to gain
momentum in the near future.
Key Players
MRFR listed some of the key
players that are operating in the global distributed energy resource management
market. They are; Autogrid Systems, Inc., ABB Ltd, General Electric,
Siemens AG, Spirae, Inc., Schneider Electric, Enbala Power Networks, Inc., Open
Access Technology International, Inc., Blue Pillar, Inc., Doosan Gridtech, Inc,
Enernoc, Inc., and others.
Browse Full Distributed Energy Resource
Management Market Research Report at: https://www.marketresearchfuture.com/reports/distributed-energy-resource-management-market-7259
About Market Research Future:
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