Global Distributed Energy Resource Management System Market Size, Trends & Growth Opportunity, By Component (Software, Services), By Application (Solar PV Units, Wind Generation Units, Energy Storage Systems, Combined Heat & Power Generation Systems, EV Charging Stations, Others), By Region and Forecast till 2027
Report ID : QR1001266 | Industries : Energy & Power | Published On :November 2021 | Page Count : 253Global Distributed Energy Resource Management System Market
The global Distributed Energy Resource Management System market was valued at USD 390.5 million in 2020 which expected to reach USD 1100 million by 2027 at a CAGR 15.2% from 2020-2027.
A distributed energy resource management system (DERMS) enables utilities to manage distribution grids that are connected to a variety of distributed energy generation (DEG) assets and capitalizes on the benefits of distributed resources such as behind-the-meter and bigger utility-grade resources. They play a critical role in meeting rising energy demand.
Market Drivers
Rising demand for renewable energy, combined with supportive government requirements and renewable energy policies. Renewable energy is a natural energy source that can be easily regenerated. Countries around the world are working on renewable energy generation to decarbonize the power distribution system and assure environmental conservation.
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Market Restraints
The cost of installing a distributed energy resource management system is higher at first. The initial phase of deploying a distributed energy resource management system is capital expensive. The role of local and national governments in infrastructure transformation is critical. The system necessitates large initial investments to establish the transmission network between customers and the smart grid. Furthermore, an efficient deployment necessitates close collaboration across traditional organizational boundaries, significant process change, and strict governance.
Impact of COVID-19
The ongoing COVID-19 epidemic has had a global impact on the power industry. As a result of the current situation, different device manufacturing companies throughout regions have been forced to shut down their manufacturing facilities and services as countries implemented partial or complete lockdown strategies to deal with the pandemic. In the short term, the drop in commercial operations has impacted distributed energy resource management system solutions even more.
Market Segmentation
The Global Distributed Energy Resource Management System Market is segmented into Component, Application, Distribution Channel and Growing System. By Component such as Software, Services. Further, market is segmented into By Application such as Solar PV Units, Wind Generation Units, Energy Storage Systems, Combined Heat & Power Generation Systems, EV Charging Stations, Others.
Regional Analysis
Global Distributed Energy Resource Management System Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America has the largest market share and North America's power sector is facing challenges in terms of achieving energy efficiency standards, complying with federal carbon legislation, and integrating diverse distributed energy generation sources, as a result of the massive rise in demand for electricity. As a result, investments in distributed energy resource management systems are increasing in order to meet such issues.
Key Players
Various key players are listed in this report such as ABB Ltd, Siemens, Schneider Electric, General Electric, Emerson, Enbala Power Networks, Doosan Gridtech, Inc, Autogrid Systems, Inc, Blue Pillar, Inc
Market Taxonomy
By Component
- Software
- Services
By Application
- Solar PV Units
- Wind Generation Units
- Energy Storage Systems
- Combined Heat & Power Generation Systems
- EV Charging Stations
- Others
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Distributed Energy Resource Management System Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Distributed Energy Resource Management System Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Distributed Energy Resource Management System Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Distributed Energy Resource Management System Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Distributed Energy Resource Management System Market Share Analysis, By Component
5.3 Global Distributed Energy Resource Management System Market Size and Forecast, By Component
5.3.1 Software
5.3.2 Services
6 Global Distributed Energy Resource Management System Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Distributed Energy Resource Management System Market Share Analysis, By Application
6.3 Global Distributed Energy Resource Management System Market Size and Forecast, By Application
6.3.1 Solar PV Units
6.3.2 Wind Generation Units
6.3.3 Energy Storage Systems
6.3.4 Combined Heat & Power Generation Systems
5.3.5 EV Charging Stations
5.4.5 Others
7 Global Distributed Energy Resource Management System Market, By End user
7.1 Y-o-Y Growth Comparison, By End user
7.2 Global Distributed Energy Resource Management System Market Share Analysis, By End user
7.3 Global Distributed Energy Resource Management System Market Size and Forecast, By End user
7.3.1 Industrial
7.3.2. Commercial
7.3.4. Residential
8 Global Distributed Energy Resource Management System Market, By Region
8.1 Global Distributed Energy Resource Management System Market Share Analysis, By Region
8.2 Global Distributed Energy Resource Management System Market Share Analysis, By Region
8.3 Global Distributed Energy Resource Management System Market Size and Forecast, By Region
9 North America Distributed Energy Resource Management System Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Distributed Energy Resource Management System Market Share Analysis, By Component
9.3 North America Distributed Energy Resource Management System Market Size and Forecast, By Application
9.4 North America Distributed Energy Resource Management System Market Size and Forecast, By End user
9.6 North America Distributed Energy Resource Management System Market Size and Forecast, By Country
9.7.1 U.S.
9.7.2 Canada
9.7.3 Mexico
10 Europe Distributed Energy Resource Management System Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Distributed Energy Resource Management System Market Share Analysis, By Component
10.3 Europe Distributed Energy Resource Management System Market Size and Forecast, By Application
10.4 Europe Distributed Energy Resource Management System Market Size and Forecast, By End user
10.6 Europe Distributed Energy Resource Management System Market Size and Forecast, By Country
10.6.1 Germany
10.6.2 France
10.6.3 UK
10.6.4. Rest of Europe
11 Asia Pacific Distributed Energy Resource Management System Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Distributed Energy Resource Management System Market Share Analysis, By Component
11.3 Asia Pacific Distributed Energy Resource Management System Market Size and Forecast, By Application
11.4 Asia Pacific Distributed Energy Resource Management System Market Size and Forecast, By End user
11.6 Asia Pacific Distributed Energy Resource Management System Market Size and Forecast, By Country
11.6.1 China
11.7.2 Japan
11.8.3 India
11.8.4. Rest of Asia Pacific
12 Latin America Distributed Energy Resource Management System Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Distributed Energy Resource Management System Market Share Analysis, By Component
12.3 Latin America Distributed Energy Resource Management System Market Size and Forecast, By Application
12.4 Latin America Distributed Energy Resource Management System Market Size and Forecast, By End user
12.6 Latin America Distributed Energy Resource Management System Market Size and Forecast, Country
12.7.1. Brazil
12.8.2. Rest of Latin America
13 Middle East Distributed Energy Resource Management System Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Distributed Energy Resource Management System Market Share Analysis, By Component
13.3 Middle East Distributed Energy Resource Management System Market Size and Forecast, By Application
13.4 Middle East Distributed Energy Resource Management System Market Size and Forecast, By End user
13.6 Middle East Distributed Energy Resource Management System Market Size and Forecast, By Country
13.7.1. Saudi Arabia
13.8.2. UAE
13.8.3. Egypt
13.9.4. Kuwait
13.10.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 ABB Ltd
15.1.1 Overview
15.1.2 Components
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Siemens
15.2.1 Overview
15.2.2 Components
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Schneider Electric
15.3.1 Overview
15.3.2 Components
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 General Electric
15.4.1 Overview
15.4.2 Components
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Emerson
15.5.1 Overview
15.5.2 Components
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Enbala Power Networks
15.6.1 Overview
15.6.2 Components
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Doosan Gridtech, Inc
15.7.1 Overview
15.7.2 Components
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Autogrid Systems, Inc
15.8.1 Overview
15.8.2 Components
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Blue Pillar, Inc
15.8.1 Overview
15.8.2 Components
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies