openPR Logo
Press release

Distributed Energy Resources Management System (DERMS) Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

11-05-2024 10:51 AM CET | Energy & Environment

Press release from: The Business research company

Distributed Energy Resources Management System (DERMS) Market

Distributed Energy Resources Management System (DERMS) Market

The Business Research Company recently released a comprehensive report on the Global Distributed Energy Resources Management System (DERMS) Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=17127&type=smp

According to The Business Research Company's, The distributed energy resources management system (DERMS) market size has grown rapidly in recent years. It will grow from $0.81 billion in 2023 to $0.95 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to increasing penetration of renewable energy, rising investments in smart grid infrastructure, supportive government policies, and increasing investments in the digitalization of the grid.

The distributed energy resources management system (DERMS) market size is expected to see rapid growth in the next few years. It will grow to $1.75 billion in 2028 at a compound annual growth rate (CAGR) of 16.6%. The growth in the forecast period can be attributed to increasing focus on decarbonization and sustainability, rising energy demand and need for energy efficiency, and increasing adoption of internet of things (IoT) technologies. Major trends in the forecast period include increased focus on development of new product, emerging new markets, technological advancements, launches of new products and services, and integrating smart grid technologies.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/distributed-energy-resources-management-system-derms-global-market-report

Market Drivers and Trends:

The increasing adoption of renewable energy sources is expected to propel the growth of the distributed energy resources management system (DERMS) market going forward. Renewable energy sources refer to natural sources or processes that are constantly replenished and can be used to generate electricity or heat. Some renewable energy sources include solar power and wind power. The adoption of renewable energy sources is rising significantly due to environmental concerns, cost competitiveness, policy support, technological advancements, and public demand for sustainable energy solutions. Distributed energy resources management systems (DERMS) optimize the integration and control of various energy sources, such as wind turbines and solar panels, to increase grid dependability and efficiency and contribute to producing renewable energy. For instance, in January 2024, according to the U.S. Energy Information Administration, a US-based statistical and analytical agency, solar power generation will increase by 75%, rising from 163 billion kilowatt-hours (kWh) in 2023 to 286 billion kWh by 2025. Similarly, wind power generation is expected to grow by 11%, climbing from 430 billion kWh in 2023 to 476 billion kWh in 2025. Therefore, the increasing adoption of renewable energy sources drives the distributed energy resources management system (DERMS) market.

Major companies operating in the distributed energy resources management system (DERMS) market are focused on developing innovative platforms such as distributed energy resource management systems (DERMS) platform, to improve the integration and management of distributed energy resources (DERs) within the grid. A Distributed Energy Resource Management System (DERMS) platform is a software solution designed to facilitate the management, coordination, and optimization of distributed energy resources (DERs) within a power distribution network. For instance, in February 2022, Swell Energy, a US-based energy management and smart grid solutions company, launched GridAmp software, a distributed energy resource management system (DERMS) platform. It integrates distributed energy resources (DERs) such as solar and battery storage into virtual power plants (VPPs), enhancing utility grid capabilities. It employs optimization algorithms and machine learning to maximize revenue across utility and customer streams, co-optimizing multiple grid services and supporting various energy objectives at customer, utility, and wholesale market levels. GridAmp enhances value and customer engagement in renewable electricity generation, consumption, and transactions through advanced VPP management.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

Enel S.p.A., Siemens AG, General Electric Company, Oracle Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Emerson Electric Co., Doosan Corporation, Generac, Engie SA, Itron Inc., Open Access Technology International Inc., Uplight Inc., AutoGrid Systems, Opus One Solutions, EnergyHub, Spirae LLC, Kitu Systems, PXiSE Energy Solutions, Connected Energy, Blue Pillar

Distributed Energy Resources Management System (DERMS) Market 2024 Key Insights:

• The distributed energy resources management system (DERMS) market size is expected to see rapid growth in the next few years. It will grow to $1.75 billion in 2028 at a compound annual growth rate (CAGR) of 16.6%.
• Impact Of Renewable Energy Adoption On The Distributed Energy Resources Management System (DERMS) Market
• Innovative Technologies In The Distributed Energy Resources Management System (DERMS) Market
• North America was the largest region in the distributed energy resources management system (DERMS) market in 2023

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=17127&type=smp

Contact Us:

The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Distributed Energy Resources Management System (DERMS) Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033 here

News-ID: 3719483 • Views:

More Releases from The Business research company

Surgical Meshes Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Surgical Meshes Market Landscape to 2034: Key Forces Shaping the Next Decade of …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the Surgical Meshes Market Size By 2025? In the past few years, the market size of surgical meshes has seen significant growth. It is projected to expand from $2.03 billion in 2024 to $2.18 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 7.3%.
Rehabilitation Equipment Market Poised to Hit $23.97 Billion by 2029 with Accelerating Growth Trends
Rehabilitation Equipment Market Poised to Hit $23.97 Billion by 2029 with Accele …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Rehabilitation Equipment Market Size Growth Forecast: What to Expect by 2025? In recent times, there has been a significant growth in the size of the rehabilitation equipment market. Projected to increase from $17.36 billion in 2024, it is expected to reach $18.49 billion in 2025, with a compound annual
Future of the Pediatric Neurology Device Market: Strategic Analysis and Forecast to 2034
Future of the Pediatric Neurology Device Market: Strategic Analysis and Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Pediatric Neurology Device Market Size Valuation Forecast: What Will the Market Be Worth by 2025? The market size for pediatric neurology devices has seen significant expansion in recent years, climbing from $2.5 billion in 2024 to an anticipated $2.65 billion in 2025, reflecting a compound annual growth rate (CAGR)
Key Trends Influencing the Growth of the Orthokeratology Lens Market in 2025: Innovative Products Boosting Profitability in the Orthokeratology Lens Market
Key Trends Influencing the Growth of the Orthokeratology Lens Market in 2025: In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Orthokeratology Lens Market Through 2025? The market for orthokeratology lenses has seen a significant increase in size over recent years. It's projected to expand from $2.56 billion in 2024 to $2.75 billion in 2025, with a compound annual growth rate (CAGR) of

All 5 Releases


More Releases for DERMS

Top Trends Transforming the Distributed Energy Resources Management System (DERM …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Will the Distributed Energy Resources Management System (DERMS) Industry Market Size Be by 2025? The market size of the distributed energy resources management system (derms) has witnessed a surge in recent years. An accelerated growth from $0.95 billion in 2024 to $1.1 billion in 2025, is expected with
2025-2034 Distributed Energy Resources Management System (DERMS) Market Evolutio …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Distributed Energy Resources Management System (DERMS) Market Through 2025? The market size of the distributed energy resources management system (DERMS) has experienced swift expansion in the past few years. It is projected to surge from $0.95 billion in 2024 to $1.11 billion
Prominent Distributed Energy Resources Management System (DERMS) Market Trend fo …
What market dynamics are playing a key role in accelerating the growth of the distributed energy resources management system (derms) market? The rising adoption of renewable energy sources is expected to accelerate the growth of the distributed energy resources management system (DERMS) market. Renewable energy, such as solar and wind power, is gaining traction due to environmental concerns, cost-effectiveness, and technological advancements. DERMS optimizes the integration of renewable energy sources into
DERMS Market to Skyrocket to $2507.55 Million by 2032 as Renewable Energy Integr …
According to SkyQuest Technology Group, Distributed Energy Resource Management System Market size is poised to grow from USD 630.55 Million in 2024 to USD 2507.55 Million by 2032, growing at a CAGR of 21.8% during the forecast period (2025-2032). These findings equip business leaders with essential insights to develop effective strategies and enhance profitability, while also serving as a valuable resource for emerging businesses, helping them make informed decisions as
Primary Catalyst Driving Distributed Energy Resources Management System (DERMS) …
What Is the Future Outlook for the Distributed Energy Resources Management System (DERMS) Market's Size and Growth Rate? In recent times, there has been a swift expansion in the market size of the distributed energy resources management system (DERMS), growing from $0.95 billion in 2024 to a projected $1.11 billion in 2025. This represents a compound annual growth rate (CAGR) of 16.9%. This substantial growth during the historical period can be
Asia-Pacific Distributed Energy Resources Management System (DERMS) Market Share …
Asia-Pacific Distributed Energy Resources Management System (DERMS) Market Segmentation grow with a 15.1% CAGR by 2028 Forecast.  Asia-Pacific distributed energy resources management system (DERMS) market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 15.1% in the forecast period of 2021 to 2028 and is expected to reach USD 303.77 million by