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. Adapting to the recent novel COVID-19
pandemic, the impact of the COVID-19
on Distributed Energy Resource Management Market is included in the
present report.
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
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