Distributed Energy Resource Management System Market - Trends Forecast Till 2028

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)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-EN-DERMSM-913

Format:  

Number of Pages: 416

Domain: Energy

Distributed Energy Resource Management System Market – Trends Forecast Till 2028

Distributed Energy Resource Management System Market 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.

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

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 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 Research Report

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.

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

Insights are provided for each region and major countries within the regions

Distributed Energy Resource Management System Market Primary Respondent

 

Key Players

  • ABB Ltd.
  • Engie SA
  • General Electric Company
  • AutoGrid Systems Inc.
  • Siemens AG.

Recent Developments

  • 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

  • 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

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 18.40% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Technology, end user and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

ABB Ltd., Engie SA, General Electric Company, AutoGrid Systems Inc. and Siemens AG.

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