Press release
Distributed Energy Resources Management System (DERMS) Market Size Forecasted To Achieve $2.04 Billion By 2029 With Steady Growth
Distributed Energy Resources Management System (DERMS)
What Is the Distributed Energy Resources Management System (DERMS) Market Size and Projected Growth Rate?
The distributed energy resources management system (DERMS) market will increase from $0.95 billion in 2024 to $1.11 billion in 2025, at a CAGR of 16.9%. The expansion of renewable energy, investments in smart grid infrastructure, government policies, and digital grid development are the key contributors to growth.
The distributed energy resources management system (DERMS) market is expected to grow rapidly, reaching $2.04 billion by 2029, at a CAGR of 16.5%. Growth is driven by decarbonization, energy demand, and IoT adoption. Trends include the development of new products, new market expansions, technological advancements, and integration with smart grid technologies.
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What Are the Major Segments in the Distributed Energy Resources Management System (DERMS) Market?
The distributed energy resources management system (DERMS) market covered in this report is segmented -
1) By Software: Virtual Power Plant (VPP), Management And Control, Analytics
2) By Application: Solar, Energy Storage, Wind, Electric Vehicle (EV) Charging Stations, Other Applications
3) By End-User: Residential, Commercial, Industrial And Utilities
Subsegments:
1) By Virtual Power Plant (VPP): Aggregation And Optimization Software, Demand Response Management Software, Energy Trading And Market Integration Software
2) By Management And Control: Grid Management Software, Load Forecasting And Demand-Side Management Software, Asset And Resource Scheduling Software
3) By Analytics: Predictive Analytics Software, Real-Time Monitoring And Reporting Software, Energy Consumption And Efficiency Analytics Software
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What Are The Driving Distributed Energy Resources Management System (DERMS) Market Evolution?
Increasing adoption of renewable energy is stimulating growth in the distributed energy resources management system (DERMS) market. Renewable sources like solar and wind are gaining traction due to sustainability goals, cost-effectiveness, and policy incentives. DERMS improves the integration and operation of distributed energy assets. As per the U.S. Energy Information Administration, solar power is expected to grow 75% from 163 billion kWh in 2023 to 286 billion kWh by 2025, while wind will rise 11% from 430 billion kWh to 476 billion kWh. This shift is boosting the DERMS market.
Which Firms Dominate The Distributed Energy Resources Management System (DERMS) Market Segments?
Major companies operating in the distributed energy resources management system (DERMS) market are 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
What Trends Are Expected to Dominate the Distributed Energy Resources Management System (DERMS) Market in the Next 5 Years?
Companies in the distributed energy resources management system (DERMS) market are working on platforms that enhance the integration and management of distributed energy resources (DERs) in the grid. A DERMS platform coordinates and optimizes DERs in a power distribution network. In February 2022, Swell Energy, a US-based company, introduced GridAmp, a DERMS platform that integrates DERs like solar and battery storage into virtual power plants (VPPs). It employs optimization algorithms and machine learning to enhance utility grid operations and improve energy management at customer and utility levels.
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Which Is The Largest Region 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 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the distributed energy resources management system (DERMS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Distributed Energy Resources Management System (DERMS) Market?
2. What is the CAGR expected in the Distributed Energy Resources Management System (DERMS) Market?
3. What Are the Key Innovations Transforming the Distributed Energy Resources Management System (DERMS) Industry?
4. Which Region Is Leading the Distributed Energy Resources Management System (DERMS) Market?
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