Global Distributed Energy Resource Management System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Distributed Energy Resource Management System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A distributed energy resources management system (DERMS) is a platform which helps mostly distribution system operators (DSO) manage their grids that are mainly based on distributed energy resources (DER).

A distributed energy resource management system is a software-based solution to monitor, forecast, and control grid-connected and BTM DER across customer, grid, or market applications in real-time. These assets may be utility, third-party, or customer-owned, and directly or indirectly controlled by the utility.

Market Overview:

The latest research study on the global Distributed Energy Resource Management System market finds that the global Distributed Energy Resource Management System market reached a value of USD 643.07 million in 2022. It’s expected that the market will achieve USD 1493.11 million by 2028, exhibiting a CAGR of 15.07% during the forecast period.

Market Top Trends

In recent years, energy regulations and technological advancements have driven a significant increase in the number of distributed energy sources (DER) in North American distribution networks. Legislation in the first state of the United States stipulated that by 2020, 12.5% of retail electricity would be achieved through renewable energy or energy efficiency. The state is the third-largest solar producer in the United States, with 2,087 MW of solar power capacity installed and providing solar power to 223,000 homes. The second state's 2014 renewable energy portfolio standard authorized utility companies to develop distributed energy plans to encourage the development of renewable energy generation capacity within the state. Although the third state has no renewable energy portfolio standards and no power purchase agreements, it ranks third in the country in terms of rooftop solar potential. All these factors have caused utilities to significantly increase renewable energy investments in these three states. With the increasing investment in renewable resources in North America, the demand for distributed energy management systems is expected to continue to increase in the coming years.

North America is closely followed by Europe. The demand and popularity of newly developed security systems support from government supportive regulations, technological breakthroughs in the field of energy and power generation, and the increasing popularity of the Internet of Things and related services are all driving the expansion of the European market. In the next few years, the global distributed energy resource management system market in the Asia-Pacific region may grow rapidly. Emerging economies in Asia, such as China and India, are inviting several major players to enter the global market, which in turn is driving the market as a whole.

Power companies' traditional centralized grids require major upgrades to cope with an increasingly complex and dynamic energy situation. The integration of distributed energy resources (DER)-such as the grid and small solar panels, power storage batteries or wind turbines-and the need to manage multi-directional energy flows are driving the transition to a smart grid. In order to manage new energy and achieve demand response, utilities need a distributed energy resource management system (DERMS).
In addition, with the pace and number of distributed energy sources increase, some utilities have begun implementing distributed energy management systems to organize and control all of these technologies.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are GE Grid Solutions, Schneider Electric, Siemens AG with the revenue market share of 15.99%, 12.05% and 10.42% in 2019.

GE's Grid Solutions business serves customers globally with over 17,000 employees in approximately 80 countries. Grid Solutions helps enable utilities and industry to effectively manage electricity from the point of generation to the point of consumption, helping to maximize the reliability, efficiency and resiliency of the grid.

Schneider Electric SE manufactures electrical power products. The Company offers car chargers, home security goods, light switches, access control, sensors, valves, circuit breakers, cables, accessories, signaling devices, fuse, motor starters, and voltage transformers. Schneider Electric serves customers worldwide.

Segmentation Overview:

Among different product types, Solar PV segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Industrial segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Distributed Energy Resource Management System market covered in Chapter 3:

Sunverge
Schneider Electric
Doosan Gridtech
Spirae
Autogrid Systems, Inc
Blue Pillar
Enbala Power Networks
Siemens AG
ABB Ltd.
Open Access Technology International
GE Grid Solutions
Enernoc

In Chapter 4 and Chapter 14.2, on the basis of types, the Distributed Energy Resource Management System market from 2018 to 2029 is primarily split into:

Solar PV
Wind
Energy Storage
Combined Heat & Power
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Distributed Energy Resource Management System market from 2018 to 2029 covers:

Government & Municipalities
Industrial
Commercial
Residential
Military

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)