logo
logo
Sign in

DERMS Market Research: Exploring Trends, Forecast, and Strategic Analysis

avatar
Pushpendra Shukla
DERMS Market Research: Exploring Trends, Forecast, and Strategic Analysis

Distributed Energy Resource Management System Market Overview

Delvens unveiled the Distributed Energy Resource Management System Market, a valuable asset for new players, entrants, and established players to understand the market deeply. The Distributed Energy Resource Management System Market research report covers various parameters that range from market segmentation, share, size, growth trends, industry forecasting, target market analysis, opportunity identification, strategic analysis, innovation insights. The statistical and numerical data collected to generate the Distributed Energy Resource Management System Market research report is mainly denoted with graphs, tables, and charts are utilized, which makes the information easy to use and understandable.

Distributed Energy Resource Management System Market, by Technology (Solar Photovoltaic (PV), Electric Vehicles, Microgrids, and Others), End-User (Industrial, Residential, and Commercial), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)


Global Distributed Energy Resource Management System Market size was valued at USD 167.29 Million in 2020 and is projected to reach USD 605.55 Million by 2028, growing at a CAGR of 18.40% from 2021 to 2028.

Get a Sample Copy of the Report: https://www.delvens.com/get-free-sample/distributed-energy-resource-management-system-market

DERMS is known as a state-of-the-art system that seamlessly integrates high penetrations of solar energy and different distributed energy resources into the grid. When they are properly deployed, their capabilities give multiple benefits to businesses and their customers. It consists of a suite of software management tools that enable distribution services and wire operators to handle an array of DERs & thereby contribute to a near real-time control of grid assets

As per distributed energy resource management system market analysis, increasing need for efficient energy management systems which help in maintaining grid reliability and flexibility of the distributed energy source are some of the factors that have supported long-term expansion for Distributed Energy Resource Management System Market. The market for distributed energy resource management systems is being driven by rising government initiatives for residential buildings and rising power consumption.

Also, global industrialization and urbanisation have resulted in an increase in energy demand. The increasing energy demand to support the world's current way of life has resulted in massive investments in renewable energy generation. IRENA has mentioned that investment in new renewable power has increased from less than USD 50 billion per year in 2004 to around USD 300 billion per year in recent years, outpacing investments in new fossil fuel power by a factor of three in 2018. According to the World Economic Forum, $14.5 billion was invested in renewable energy, a 125 percent increase over the fiscal year 2020-21 and a 72 percent increase over the pre-pandemic period of the 2019-20 fiscal year.

The COVID-19 pandemic, though electricity use in residential buildings has increased. However, governments across the world were compelled to reduce the business activities in response to minimize the threat of coronavirus. Owing the decline in the business activities has further negatively impacted distributed energy resource management system solutions in the short term.

Distributed Energy Resource Management System Market Regional Analysis

·        North America is expected to the largest market during the forecast period, owing to supportive government policies for the distributed power generation technology and increasing share of renewables in the energy mix, in turn driving the demand for DERMS in the region.

·        The renewable energy industry in Europe is critical to the region's economic development. European countries have made significant investments in green and clean energy. There are numerous offshore wind farms and solar farms in the region. Among the countries that have invested in solar and wind energy capacity are Germany, France, Italy, Spain, the United Kingdom, and the Netherlands. Europe has 162,429 MW of solar PV and 183,675 MW of wind power, according to the International Renewable Energy Agency (IRENA). The demand for distributed energy resource management system in Europe is being driven by the government's ongoing efforts to achieve clean energy goals.

Distributed Energy Resource Management System Market Competitive Landscape

Key Players

·        ABB Ltd.

·        Engie SA

·        General Electric Company

·        AutoGrid Systems Inc.

·        Siemens AG.

To Grow Your Business Revenue, Make an Inquiry Before Buying at: https://www.delvens.com/Inquire-before-buying/distributed-energy-resource-management-system-market

 

Recent Developmentsin The Distributed Energy Resource Management System Market

·        In August 2021, Mitsubishi Electric Corporation and its subsidiary Mitsubishi Electric Power Products, Inc. acquired Smarter Grid Solutions (SGS), a global provider of distributed energy resources management software (DERMS) for power distribution utilities and DER operators. With this acquisition, Mitsubishi Electric Corporation will expand the reach of its energy management enterprise software to DER customers worldwide. The SGS solutions align with the Mitsubishi Electric Environmental Sustainability Vision to realize a decarbonized society by 2050 through reduced greenhouse gas emissions.

·        In October 2020, Siemens and Macquarie’s Green Investment Group entered into a distributed energy venture, namely, Calibrant Energy. The joint venture offers onsite Energy-as-a-Service (EaaS) solutions for its customers, including corporate and industrial clients, municipalities, universities, schools, and hospitals.

Reasons to Acquire Distributed Energy Resource Management System Market Report

·        Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors

·        Gain authentic and granular data access for Distributed Energy Resource Management System Market so as to understand the trends and the factors involved behind changing market situations

·        Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

·        In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Table of Contents

Distributed Energy Resource Management System Market is segmented into technology, end user and region.

On the basis of Technology

Solar photovoltaic (PV)

Electric vehicles

Microgrids

On the basis of End-User industry

Residential

Commercial

Industrial

On the basis of Region

Asia Pacific

North America

Europe

South America

Middle East & Africa

Get Direct Order of this Report: https://www.delvens.com/checkout/distributed-energy-resource-management-system-market

 

Browse Related Reports:

Power Grid Market – Trends Forecast Till 2030

Power Grid Market by Component (Cables, Variable Speed Drives, Transformers, Switchgear), Power Source (Oil, Natural Gas, Coal, Renewables), Application (Generation, Transmission, Distribution) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).

Energy Storage Solutions (ESS) Market – Trends Forecast Till 2030

Energy Storage Solutions (ESS) Market, by Technology (Pumped Hydro Storage, Battery Energy Storage, Compressed Air Energy Storage, and Flywheel Energy Storage), End User (Residential, Non-residential, and Utilities), Application (Stationery and Transportation), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).

VIEW REPORTREQUEST SAMPLEINQUIRE BEFORE BUYING

Solar Energy Storage Market – Trends Forecast Till 2030

Solar Energy Storage Market, By Composition (Lead Acid, Lithium Ion), By Installation (On-Grid, Off-Grid), By Application, and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).

 

About Us:

Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports, and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on the country, regional, and global business environment. We have a database for more than 45 industries globally in more than 115+ major countries.

Delvens database assists clients by providing in-depth information on crucial business decisions. Delvens offers significant facts and figures across various industries: Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, and Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.

Contact Us:

UNIT NO. 2126, TOWER B,

21ST FLOOR ALPHATHUM

SECTOR 90 NOIDA 201305, IN

+44-20-8638-5055

[email protected]

collect
0
avatar
Pushpendra Shukla
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more