The global Distributed Energy Resource management market is
estimated to expand at a 16.50% CAGR during the forecast period.
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. DERMS 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.
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Key
Players
The key players of 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.
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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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.
This research report provides insights into various
levels of analysis, such as industry analysis and market share analysis for the
leading industry competitors, along with their profiles. It also helps in
studying the target segments by providing views on the emerging &
high-growth segments. The market data comprises the basic assessment of the
competitive scenarios and strategies in the global Distributed Energy Resource
management market, including high-growth regions and/or countries, and
political and economic environments. The project report further provides both – historical market values and pricing
& cost analysis.
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