Distributed Energy Resource Management System Market to reach US$ 5.2 Bn by 2026|Key Players- ABB, Siemens AG

Distributed Energy Resource Management System Market

The global Distributed Energy Resource Management System market was valued at US$2.1 billion in 2020 and is projected to reach US$5.2 billion by 2026, growing at a compound annual growth rate of over 15%. Factors driving this robust growth include rising investments in renewable energy resources; government initiatives and incentives encouraging adoption; increased demand for grid flexibility; technological advancements; and increased focus on reducing emissions.

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The Distributed Energy Resource Management System (DERMS) Market is a rapidly growing sector of the energy industry. The industry is experiencing significant growth due to the increasing demand for reliable, renewable energy resources and Distributed Energy Resources (DERs). Distributed energy resources are typically small-scale energy generation or storage solutions located close to the end user, such as rooftop solar systems, smart meters, wind turbines, microgrids, and so on. DERMS systems are responsible for managing these distributed resources in a coordinated manner.

Distributed Energy Resources (DERs) are electricity generation units (less than 10 MW). Distributed Energy Resources systems are decentralized, modular & more flexible technologies that are located within the electric distribution system at or near the end user. Distributed Energy Resources technologies include Distributed generation (DG) and Distributed power (DP). Distributed generation technologies consists of small hydro, biomass, biogas, solar power, wind power, Waste-to-energy, Fuel Cells and geothermal power. Distributed power is a technology that produces or stores power (e.g. batteries and flywheels). Distributed energy resource management system integrates and manages the vast distributed energy resources in a grid.

Key Companies- 

Examples of some of the market participants in the global distributed energy resource management system market identified across the value chain include:

• ABB
• Siemens AG
• GENERAL ELECTRIC
• Spirae, LLC
• Schneider Electric
• Advanced Microgrid Solutions
• Blue Pillar
• AutoGrid Systems, Inc.
• Opus One Solutions
• Smarter Grid Solutions
• Open Access Technology International, Inc.
• Sunverge Energy Inc
• EnerNOC, Inc. and more

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Distributed Energy Resource Management System Market: Segmentation

End user

• Industrial
• Commercial
• Residential
• Defence
• Government and Municipalities

DERs Technologies

• Solar PV
• Micro turbines
• Internal Combustion Engines
• Stirling Engines
• Fuel Cells
• Biomass
• Biogas
• Geothermal power
• Energy Storage/UPS Systems
• Wind power
• Hybrid Systems

Software

• Distribution management software
• Analytics
• Virtual power plant & simulation

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Distributed Energy Resource Management System Market: Regional outlook

In North America Distributed Energy Resource Management System Market is expected to grow with a moderate rate owing to increasing in utilization of renewable energy, especially in the U.S. The installation of rooftop solar PV in residential area have grown significantly grown over past few years. Hence, U.S. possesses an immense opportunity for the distributed energy resource management system.

North America is expected to dominate Distributed Energy Resource Management System Market over the forecasted period. In the Asia-Pacific region the distributed energy resource management system market is expected to be driven owing to the increasing popularity and investments in renewable energy resources.

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