Distributed Energy Resource Management Market Overview
The
Distributed Energy Resource Management Market (DERMS) is still a nascent market
and is likely to proliferate in the coming years. The global Distributed Energy
Resource Management 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.
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.
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.
Global Distributed
Energy Resource Management Market Highlights
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 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.
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.
Get Complete
Report at: https://www.marketresearchfuture.com/reports/distributed-energy-resource-management-market-7259
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
No comments:
Post a Comment