Market Research Future (MRFR) reveals that the global distributed energy resource management market is likely to exhibit a CAGR of around 16.50% over the evaluation period of 2016 to 2023.
The global Distributed Energy Resource Management System Market is expected to capitalize on benefits of the system. Distributed energy resource management system eliminates the limitations by centralized power systems. The rising price for electricity is triggering the need for effective and affordable solutions, due to which distributed energy resource management solution is gaining popularity. A detailed analysis report of COVID-19 impact on Global Distributed Energy Resource Management Market is provided with the report.
Autogrid Systems, Inc., General Electric, Enbala Power Networks, Inc., Siemens AG, Doosan Gridtech, Inc., Enernoc, Inc., Schneider Electric, ABB Ltd, Blue Pillar, Inc., Open Access Technology International, Inc., and Spirae, Inc. are the distinguished players in the distributed energy resource management market.
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Global Distributed Energy Resource Management Industry Overview
A substantial increase in the energy regulations coupled with advances in technology have driven a noteworthy upsurge in the volume of distributed energy resources (DERs) on a global scale. The management of distribution grids remains one of the prime challenges that distribution utilities are confronted with. This has raised the adoption of distributed energy resource management (DERMS) among the residential as well as the commercial sector. The DERMS is still a nascent market and is likely to proliferate in the coming years.
Shifting focus towards energy generation by green technology and growing awareness about carbon footprint are factor that are also expected to cast a positive impact on the market growth. The high initial investment acts as a major barrier to the market. However, lack of initial investment can act as a constraint on the market expansion.
The penetration of distributed energy resources (DERs) such as rooftop solar PV units, natural gas turbines, microturbines, wind turbines, biomass generators, fuel cells, tri-generation units, battery storage, electric vehicles (EV) and EV chargers, and others are growing at a torrid pace. DERs are associated with the operational challenges such as system reliability, power quality, and power availability which drive up DERMS implementation to address the core challenges posed by DERs. Moreover, the shift from the use of traditional energy sources to cleaner and greener energy resources along with an elevated level of environmental awareness have spurred the demand for DERMS.
Global Distributed Energy Resource Management Market Segmentation:
The global distributed energy resource management market has been segmented based on technology, software, and end-user.
- Solar PV
- Energy Storage
- Combined Heat & Power
- Management & Control
- Virtual Power Plant
- Government & Municipalities
- North America
- Rest of the World
By region, the distributed energy resource management market has been studied in Europe, North America, Asia-Pacific, and the Rest of the World (RoW).
The market in North America is expected to secure the prime position in the global distribution energy resource management market. The United States is expected to hold the giant share of the regional market over the review period. By 2023, the increasing activities concerning mall-scale combined heat, the distributed solar, sand power systems, energy storage, and electric vehicles are expected to cast a positive impact on the United States market.
The APAC distributed energy resource management market is spurred by a growing focus on energy consumption to cater to the mounting energy requirements of both the industrial as well as residential sector. Moreover, the governments in the region are advocating the use of DERMS to ensure uninterrupted power supply and ensure cost saving.
The Europe DERMS market will be driven by the European Union’s renewable energy target which it intends to achieve by 2020.
December 2018 – PXiSE Energy Solutions, LLC, announced the deployment of the world’s largest distributed energy management system in Western Australia. The Active Control Technology (ACT) platform has been chosen by Horizon Power, the public utility supply remote. ACT will provide incredible granular level of insight into the operation of Horizon Power’s network.
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