Press release
Distributed Energy Resource Management Market Size to Grow at a CAGR of 16.50% till 2023 | with ABB Ltd, Autogrid Systems, Siemens AG, General Electric, Spirae, Schneider Electric, Enbala Power Networks, Doosan Gridtech, Blue Pillar
Distributed Energy Resource Management Market – OverviewThe global Distributed Energy Resource management market is expected to grow 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. Advancement in DERs have resulted into complexity of grid which is difficult to manage. For managing these DERs, electric utilities need to install proper management system such as DERMS for managing these DERs.
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Segmental Analysis
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
Prominent 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.
North America is estimated to dominate the market for Distributed Energy Resource Management
Region wise, North America held the largest market share of the global Distributed Energy Resource Management Market in 2017. Distributed energy resources are expected to grow significantly across the US over the next 5 years. As of 2017, five classes of behind-the-meter DERs such as distributed solar, small-scale combined heat and power systems, electric vehicles, and energy storage contributed almost 46.4 GW of impact on the US summer peak. By 2023, this figure is expected to be more than double to 104 GW of flexible capacity. Moreover, electric utilities are also engaging their customers on the DER front. More than 100 US utilities have set up at least a basic DER marketplace. All these factors are likely to boost the DERMS market in the region.
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List Of Tables
Table 1 Global Distributed Energy Resource Management Market, By Region, 2016-2023 (USD Million)
Table 2 North America Distributed Energy Resource Management Market, By Country, 2016-2023 (USD Million)
Table 3 Europe Distributed Energy Resource Management Market, By Country, 2016-2023 (USD Million)
Table 4 Asia-Pacific Distributed Energy Resource Management Market, By Country, 2016-2023 (USD Million)
Table 5 Rest Of The World Distributed Energy Resource Management Market, By Region, 2016-2023 (USD Million)
Table 6 Global Distributed Energy Resource Management Market, By Technology, 2016-2023 (USD Million)
Table 7 North America Distributed Energy Resource Management Market, By Technology, 2016-2023 (USD Million)
Table 8 Europe Distributed Energy Resource Management Market, By Technology, 2016-2023 (USD Million)
Table 9 Asia-Pacific Distributed Energy Resource Management Market, By Technology, 2016-2023 (USD Million)
Table 10 Rest Of The World Distributed Energy Resource Management Market, By Technology, 2016-2023 (USD Million)
Table 11 Global Distributed Energy Resource Management Market, By Software, 2016-2023 (USD Million)
Table 12 North America Distributed Energy Resource Management Market, By Software, 2016-2023 (USD Million)
Table 13 Europe Distributed Energy Resource Management Market, By Software, 2016-2023 (USD Million)
Table 14 Asia-Pacific Distributed Energy Resource Management Market, By Software, 2016-2023 (USD Million)
Continued……
List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Distributed Energy Resource Management Market Share, By Technology, 2017 (%)
Figure 9 Global Distributed Energy Resource Management Market, By Technology, 2018-2023 (USD Million)
Figure 10 Global Distributed Energy Resource Management Market Share, By Software, 2017 (%)
Continued….
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