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Siemens (Germany) and Schneider Electric (France) are the Major Players in the Distributed Energy Resource Management System Market

04-27-2022 04:41 PM CET | Energy & Environment

Press release from: MarketsandMarkets

Siemens (Germany) and Schneider Electric (France) are the Major

According to the new market research report, 'The global distributed energy resource management system market is projected to reach USD 750 million by 2026 from an estimated USD 286 million in 2021, at a CAGR of 21.2% during the forecast period. '

https://www.marketsandmarkets.com/Market-Reports/distributed-energy-resource-management-system-market-256436187.html

The need for energy efficiency and increasing investments to upgrade aging grid infrastructure are expected to drive the growth of the distributed energy resource management system market during the forecast period.

Key Market Players:

The distributed energy resource management system market is dominated by major players that are established brand names with an extensive regional presence, along with many local and regional players in emerging economies. The key players in the distributed energy resource management system market include companies such Siemens (Germany), Schneider Electric (France), General Electric (US), ABB (Switzerland), Emerson (US).

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North America is estimated to be the largest growing market for distributed energy resource management system during the forecast period. The region has been segmented, by country, into US, Canada, and Mexico. The increasing investment in smart grid in the North America region is driving the distributed energy resource management system market in this region. In US, the American Recovery and Reinvestment Act (ARRA) of 2009 provided the US DoE with 3.4 billion to invest in 99 Smart Grid Investment Grant (SGIG) projects to modernize the electric grid, strengthen cybersecurity, improve interoperability, and collect smart grid impact data. Moreover, the demand for electricity in Canada is increasing year on year due to various factors, such as population growth, technological developments, greater use of electrical equipment & appliances, and low electricity prices, which is likely to drive the North American distributed energy resource management system market.

The distributed energy resource management system market has been segmented based on offering into software, and services. The Services segment is expected to be the largest market during the forecast period. Services offered in the distributed energy resource management system market enable smart and coordinated decision-making processes, mitigating the risks using efficient tools and techniques.

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Based on application, the market has been segmented to Solar PV Units, Wind Generation Units, Energy Storage Systems, Combined Heat & Power Generation Systems, EV Charging Stations and Others. The Solar PV Units segment is expected to witness a higher CAGR during the forecast period. Low price of solar PV, encouraging manufacturers to consider solar power as an alternative to other conventional power generation sources., which acts as significant driving factors for the segment's growth.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

About MarketsandMarkets™

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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