Global Distributed Energy Resources (DERs) Management Systems Market Overview:
According to MarkNtel Advisors study the Global Distributed Energy Resources (DERs) Management Systems Market size was valued at around USD 401 million in 2023 and is projected to reach around USD 1,334 million by 2030. Along with this, the market is estimated to grow at a CAGR of about 17.03% during the forecast period, i.e., 2024-30. The factors attributing to the growth in the demand for these management solutions are the upgradation of the power grid lines, the establishment of smart cities & homes, and the inclination towards renewable and sustainable power solutions.
Key Findings of the Study: Distributed Energy Resources (DERs) Management Systems market
Global Distributed Energy Resources (DERs) Management Systems Market Challenge:
Complexity in Infrastructure & Technology Integration Impeding Market Growth – DERs comprise of wide range of technologies such as energy storage systems (batteries), combined heat and power (CHP) systems, and demand response systems. These systems have unique characteristics and operational requirements and their performance can vary significantly based on weather conditions, usage patterns, and technological maturity. Moreover, their unique attributes make it difficult for the utility operators to incorporate with the existing power grid, causing apprehension among the customers to opt for these solutions and slowing down the market growth.
Furthermore, these solutions generate vast amounts of data which requires robust IT infrastructure and analytics capabilities. Thereby, making the initial costs of deploying and integrating DER management systems, including hardware, software, and infrastructure upgrades, relatively higher. Thus, the utilities in the under-developed & developing economies, particularly adhere to install these solutions, restraining market growth.
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Scope of the Distributed Energy Resources (DERs) Management Systems Market Report Segmentation
-By Software
- Analytics- Market Size & Forecast 2019-2030, USD Million
- Virtual Power Plant- Market Size & Forecast 2019-2030, USD Million
- Management & Control- Market Size & Forecast 2019-2030, USD Million
-By Application
- Solar Photovoltaic (PV) Units- Market Size & Forecast 2019-2030, USD Million
- Wind Generation Units- Market Size & Forecast 2019-2030, USD Million
- Energy Storage Systems- Market Size & Forecast 2019-2030, USD Million
- Combined Heat & Power Generation Systems- Market Size & Forecast 2019-2030, USD Million
- EV Charging Stations- Market Size & Forecast 2019-2030, USD Million
- Others – Market Size & Forecast 2019-2030, USD Million
-By End User
- Industrial- Market Size & Forecast 2019-2030, USD Million
- Residential- Market Size & Forecast 2019-2030, USD Million
- Commercial- Market Size & Forecast 2019-2030, USD Million
- Utilities- Market Size & Forecast 2019-2030, USD Million
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Geographical analysis:
-By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Geographically, the Asia-Pacific holds a substantial share of the Global Distributed Energy Resources (DERs) Management Systems Market. The countries in the region have a prevalence of more industries, commercial offices, and residential units, owing to which there is a higher demand for power in the region. The easy corporate taxes and availability of low labor in the region are resulting in the arrival of foreign companies in the region, which is further propelling the requirement for commercial space in the region. Thus, there is a rise in the construction of real estate buildings connected with adequate grid lines. To maintain the power distribution within these buildings, there is a surge in the requirement for the DER systems.
Additionally, the authorities in the region have laid plans to develop smart cities to provide a quality of living to the inhabitants and gain a competitive edge over other countries. These smart cities would be integrated with emerging technologies, creating a demand for the next generation DER solutions to ensure virtual monitoring during 2024-2030.
Global Distributed Energy Resources (DERs) Management Systems Industry Recent Development:
- 2024: Schneider Electric introduced a battery energy storage DER to cater to the demand of clients looking out for the demand-charge reduction & decarbonization of electrical energy.
- 2023: ABB Ltd. launched a new distributed control system for the power industries to accelerate their digital transformation process. These solutions would help enhance the performance of the new process controllers and enable the complete power plant digitalization.
Current Landscape of Distributed Energy Resources (DERs) Management Systems Market
The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Distributed Energy Resources (DERs) Management Systems market. The research report profiles major players, including
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- ABB Ltd.
- General Electric
- Siemens AG
- Schneider Electric
- Oracle Corporation
- Itron
- Autogrid Systems Inc.
- Mitsubishi Electric Corporation
- Opus One Solutions
- Emerson Electric Co.
- Generac
- Enel
- Doosan Corporation
- EnergyHub
- Engie SA
- Others
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