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. 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.
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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.
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Market Research Report at: https://www.marketresearchfuture.com/reports/distributed-energy-resource-management-market-7259
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