Global Distributed Energy Resource Market: Emerging Trends, Major Key Players ABB Ltd, Siemens, General Electric and Open Access Technology International, Inc

According to the report, The global Distributed Energy Resource market size was valued at $568.26 Million in 2020 and is expected to reach $2262.27 Million by 2028 growing at the CAGR of 18.62% from 2021 to 2028. The increasing demand for energy globally is the main factor driving the growth of the global distributed energy resources market. The price of electricity is continuously increasing in most regions. To reduce such costs, many governments are providing subsidies and grants to encourage individuals and businesses towards using DERs by reducing their bills. The growing number of power outages and unexpected incidences is also driving the need to use distributed energy resources (DER).

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global DISTRIBUTED ENERGY RESOURCE MARKET industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Distributed Energy Resource Market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Distributed Energy Resource Market players holding highest market share include ABB Ltd, Siemens, General Electric and Open Access Technology International, Inc. These players use acquisition as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• ABB Ltd
• Siemens
• General Electric
• Open Access Technology International, Inc
• Spirae, Inc
• Schneider Electric
• Enbala Power Networks, Inc
• Doosan Gridtech, Inc
• Blue Pillar, Inc
• Autogrid Systems, Inc

Segmental Analysis

Market Segment By Technology with focus on market share, consumption trend, and growth rate of DISTRIBUTED ENERGY RESOURCE MARKET:
• Solar PV
• Energy Storage
• Wind
• Combined Heat & Power
• Others

Market Segment By Software with focus on market share, consumption trend, and growth rate of DISTRIBUTED ENERGY RESOURCE MARKET:
● Analytics
● Management & Control
● Virtual Power Plants
● Others

Market Segment By End-User with a focus on market share, consumption trend, and growth rate of DISTRIBUTED ENERGY RESOURCE MARKET:
● Industrial
● Government & Municipalities
● Commercial
● Residential
● Military
● Others

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Global Distributed Energy Resource Market Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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