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 Distributed Energy Resource Management System 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.
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.
Global Distributed Energy Resource
Management Industry Overview
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.
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.
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.
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
·
Solar PV
·
Energy Storage
·
Wind
·
Combined Heat
& Power
·
Others
By Software
·
Analytics
·
Management
& Control
·
Virtual Power
Plant
By End-User
·
Industrial
·
Government
& Municipalities
·
Commercial
·
Residential
·
Military
By Regions
·
North America
·
Asia-Pacific
·
Europe
·
Rest of the
World
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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.
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.
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.
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