Market Research Report
Global Distributed Energy Resource Management System Market Research Report- Forecast till 2025
|Published by||Market Research Future||Product code||969294|
|Published||Content info||155 Pages
Delivery time: 1-2 business days
|Global Distributed Energy Resource Management System Market Research Report- Forecast till 2025|
|Published: May 12, 2020||Content info: 155 Pages||
The distributed energy resource (DER) management market is expected to witness a substantial CAGR during the assessment period. It is a system that manages the DERs and traditional distribution assets such as capacitor banks, voltage regulators, and tap changers. Therefore, DERMS helps significantly raise the network hosting capacity for DERs and achieve regulatory targets for renewable energy sources with essential investment in network capacity.
The global distributed energy resource management system market is expected to register an incredible market owing to the factors driving the demand for distributed energy resource management systems and increasing demand for electricity. Additionally, the centralized large-scale power generation is distributed through an electricity grid to end-users, consisting of industries, utilities, and commercial & residential sectors.
Global Distributed Energy Resource Management System Market has been Segmented into Technology, Software, End-Use, and Region. Based on technology, the global market has been categorized into solar OV, energy storage, wind, combined heat & power, and others.
Based on software, the global distributed energy resource management system market has been divided into analytics, management & control, and virtual power plants. Based on the end-use industry, the global market has been divided into industrial, government & municipalities, commercial, residential, and military.
The Global Distributed Energy Resource Management System Market has been categorized into four major regions, namely, North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to command the market during the review period owing to a rise in the share of renewable energy sources and government initiatives to promote the installation of DERMS. Policies and incentives such as Residential Renewable Energy Tax Credit, USDA- Rural Energy for America Program (REAP) Grants, and corporate tax incentives are some of the initiatives taken by the governing authorities in the US to promote the installation of DERMS in the country. According to IRENA, under the current policies and scenario, the share of renewable energy sources in the country's total energy generation is expected to reach 10% by 2030. This leads to an increase in the generation capacity of renewable energy sources in the country, which is expected to increase the demand for DERMS. In Canada, in 2017, according to a report published by Invest in Canada, the installation capacity of solar PV systems is expected to increase by three times by the year 2025. DERMS monitors, controls, and optimizes the integration of energy generated from renewable energy sources into the grid network. Such factors are expected to drive the growth of the market for distributed energy resource management system in North America during the forecast period.
The Key Players in the Global Distributed Energy Resource Management System Market are ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider Electric (France), Doosan Corporation (South Korea), Enbala (Canada), AutoGrid Systems, Inc. (US), Open Access Technology International, Inc. (US), Spirae, LLC (US), Blue Pillar (US), and Enel X North America, Inc. (US).
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