The global distributed energy resource management system market was valued at USD 261.7 Million in 2016 and is expected to grow at a CAGR of 15.70%, from 2017 to 2022. Increasing share of renewable power generation in energy generation mix, reduced costs of wind power, photovoltaic system and battery storage, and shift from centralized to de-centralized power generation are major drivers that would trigger the distributed energy resource management system market.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the distributed energy resource management system market. These players include Siemens AG (Germany), ABB, Ltd. (Switzerland), General Electric (U.S.), and Schneider Electric (France). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market share.
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The report segments the market, on the basis of technology, into solar PV, wind, energy storage, CHP, and others. The growth of this segment is primarily driven by increasing deployment of increasing solar PV installation in the household sector, as well as commercial buildings in North America and other parts of the world. Moreover, Europe and some countries of Asia-Pacific such as Australia, Japan, and South Korea also present opportunities as power de-centralization is on rise in these regions.
The market has been segmented, based on software, into analytics, management and control, and VPP. The analytics sub-segment, within the software segment, led the DERMS market in 2016, and is projected to dominate the market during the forecast period. The analytics segment is expected to grow at the fastest rate during the forecast period.
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The analytics software sub-segment is expected to hold the largest share of the distributed energy resource management system market during the forecast period.
The analytics sub-segment, within the software segment, led the distributed energy resource management system market in 2016, and is projected to dominate the market during the forecast period. However, the management and control segment is expected to grow at the fastest rate during the forecast period.
The analytics software system is used to maximize the value of DERs. It also keeps the track of how a particular DER operates. As far as management and control is concerned, it is the intelligence system that provides the maximum value to the operators. Countries such as the U.S. and Germany are expected to drive the market demand, mostly because of the ongoing investment in renewable energy resources.
Target Audience:
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Demand Response Aggregators
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Distributed Energy Generation Solution
Providers
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Distribution Grid Operators
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Electric Utilities
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Energy Storage Device/Equipment Manufacturers
and Integrators
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Government Agencies
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Investors and Financial Community
Professionals
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Market Research and Consulting Firms
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Micro grid Developers
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Renewable Power Generation and Equipment
Manufacturing Companies
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State and National Regulatory Authorities
Virtual Power Plant Market
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