Distributed Energy Resource Management System Market (Component - Software, and Services; Application - Solar PV Units, Wind Generation Units, Energy Storage Systems, Combined Heat & Power Generation Systems, EV Charging Stations, and Others; End-use - Industrial, Commercial, and Residential): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Distributed Energy Resource Management System Market (Component - Software, and Services; Application - Solar PV Units, Wind Generation Units, Energy Storage Systems, Combined Heat & Power Generation Systems, EV Charging Stations, and Others; End-use - Industrial, Commercial, and Residential): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Report Code: IGR01450 Category: Energy, Infrastructure and Mining Published: March, 2024

A recent report published by Infinium Global Research on distributed energy resource management system market provides in-depth analysis of segments and sub-segments in the global as well as regional distributed energy resource management system market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional distributed energy resource management system market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global distributed energy resource management system market.

Market Insight:

The global distributed energy resource management system market was valued at USD 404.02 million in 2022 and is expected to reach USD 1540.65 million in 2030, with a CAGR of 18.2% during the forecast period 2023-2030.

Distributed energy resource management system (DERMS) is an important technology for companies looking for efficient energy utilization. This integrated platform allows seamless control and optimization of varied energy sources, such as solar panels, wind turbines, and storage systems. DERMS allows businesses to rationally achieve energy generation, consumption, and storage across distributed assets, developing grid resilience and plummeting operational costs. DERMS ensures efficient performance, reduces grid congestion, and improves overall energy reliability by offering real-time monitoring and predictive analytics. This technology supports sustainable commercial practices, permitting businesses to utilize renewable resources efficiently and contribute to ecological objectives. The market's growth is driven due to the rising acceptance of renewable energy sources and the demand for streamlined management of distributed energy resources. As industries adopt sustainable practices, DERMS appears as a vital player in optimizing the integration of diverse energy assets, contributing to a more robust and sustainable energy landscape.

The surge in demand for clean and sustainable energy solutions propels the growth of the distributed energy resource management system (DERMS) market. Industries are more and more accepting of DERMS to enhance the integration of diverse energy sources, improve grid resilience, and meet sustainability targets. Due to a rising focus on carbon reduction and energy effectiveness, DERMS provides intellectual control of distributed assets, driving the market frontward. Regulatory schemes and the imperative to lessen the dependence on traditional energy grids additionally accelerate DERMS adoption. As companies prioritize environmental responsibility, DERMS arises as an important driver in redesigning the energy landscape toward a more sustainable future. As businesses attempt to meet sustainability goals and diminish carbon footprints, DERMS assists as a serious enabler by augmenting the integration of renewable assets. Besides, the growing complication of energy grids, along with the rise in distributed generation, uplifts the need for cutting-edge management solutions. DERMS offers businesses a strategic tool to augment grid dependability, enhance energy use, and familiarize with developing regulatory landscapes, making it a key driver in the pursuit of a resilient and sustainable energy future. However, integration challenges and interoperability concerns lead to important challenges for the distributed energy resource management system market. Furthermore, the growing demand for decentralized and sustainable energy solutions offers an important opportunity for the growth of the distributed energy resource management system market.

Distributed Energy Resource Management System Market | IGR

In the upcoming forecast period, North America is poised to dominate the DERMS market with a multitude of factors contributing to its success. The region's strong embrace of renewable energy sources, coupled with government efforts to incentivize clean energy initiatives, has propelled it to the forefront. Furthermore, North America boasts a well-established grid infrastructure and a keen focus on modernization and resilience, making it an ideal landscape for businesses to invest in DERMS for optimal utilization of diverse energy resources. The region's progressive regulatory environment and proactive approach to sustainable energy practices further cement its role as a major driver of DERMS market growth. Meanwhile, Asia-Pacific stands out as the fastest-growing region for the Distributed Energy Resource Management System (DERMS) market in the forecast period. The Asia-Pacific region is experiencing a remarkable pace of economic development, as urbanization continues to rise and a strong commitment to sustainable energy solutions takes center stage. This has ushered in a growing adoption of distributed energy resource management Systems (DERMS) technologies. Governments in the region are actively promoting the integration of renewable energy sources, resulting in a significant increase in distributed energy resources. Moreover, the pressing need for efficient grid management and a growing awareness of environmental issues are driving the demand for DERMS solutions. Benefitting from a supportive regulatory landscape and a focus on clean energy, the Asia-Pacific region is a fruitful region for the rapid growth of the DERMS market.

Report Scope of the Distributed Energy Resource Management System Market:

Report Coverage Details
Market Size in 2022 USD 404.02 Million
Market Size by 2030 USD 1540.65 Million
Growth Rate from 2023 to 2030 CAGR of 18.2%
Largest Market North America
No. of Pages 255
Market Drivers
  • The surge in demand for clean and sustainable energy solutions propels the growth of the distributed energy resource management system (DERMS) market.

  • The increasing adoption of renewable energy sources and the imperative for grid modernization are propelling the growth of the market.

Market Segmentation By Component, By Application, and By End-use
Regional Scope North America, Europe, Asia Pacific, and RoW

Segment Covered

The report on global distributed energy resource management system market covers segments such as based on the component, application, and end-use. On the basis of based on the component, the sub-markets include software, and services. On the basis of application, the sub-markets include solar PV units, wind generation units, energy storage systems, combined heat & power generation systems, EV charging stations, and others. On the basis of end-use, the sub-markets include industrial, commercial, and residential.

Companies Profiled:

The report provides profiles of the companies in the market such as ABB, Schneider Electric, Siemens, GE DIGITAL, ENGIE, ITRON, Emerson Electric Co, Oracle, Mitsubishi Electric Power, and Spirae.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the distributed energy resource management system market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Frequently Asked Questions (FAQ's)

The global distributed energy resource management system market was valued at USD 404.02 Million in 2022.
It is likely to grow at a CAGR of 18.2% during the forecast period 2023-2030.
The global distributed energy resource management system market is estimated to reach USD 1540.65 Million by the end of 2030.
North America is anticipated to exhibit high demand for distributed energy resource management system market during the forecast period.
ABB, Schneider Electric, Siemens, GE DIGITAL, ENGIE, ITRON, Emerson Electric Co, Oracle, Mitsubishi Electric Power, and Spirae.
CHOOSE LICENCE TYPE

Please Choose One of them.

Google translate
© 2024. Infinium Global Research LLP. All Rights Reserved.