Distributed Energy Resource Management System Market worth $750 million by 2026

According to the new market research report "Distributed Energy Resource Management System Market by Application (Solar PV, Wind, Energy Storage, CHP, EV Charging), Software (Analytics, Management & Control, VPP), End User (Industrial, Commercial, Residential), and Region – Global Forecast to 2026", published by MarketsandMarkets™, the global Distributed Energy Resource Management System Market size will grow to USD 750 million by 2026 (forecast year) from USD 286 million in 2021 (estimated year), at a CAGR of 21.2% during the forecast period. The Distributed Energy Resource Management System Market is driven by the high demand for clean energy, the rapid development of smart grids, and the strong focus on utilizing distributed energy resources.

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The services segment is expected to dominate the Distributed Energy Resource Management System Market, by offering, during the forecast period.

Based on offering, the Distributed Energy Resource Management System Market has been segmented into software and services. Services are offered by system providers or third-party systems integrators. This makes deployment a major part of the value chain as services often cost more than initial software licenses. Once the solution is deployed, platform providers offer support services, such as back-end operations support, integration of new devices, and upgrading security or communications protocols, when necessary.

Browse in-depth TOC on "Distributed Energy Resource Management System Market"

186 – Tables
53 – Figures
234 – Pages

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Industrial segment is projected to register a higher CAGR than the wired segment during the forecast period.

Based on end user, the market has been segmented into industrial, commercial and residential. The industrial segment is expected to witness a higher CAGR during the forecast period. Increased environmental concerns, remote working locations, and a significant reduction in renewable energy prices also prompt mining companies to adopt DERMS.

Asia Pacific estimated to fastest-growing market for the Distributed Energy Resource Management System Market during the forecast period.

Asia Pacific is estimated to be the fastest-growing market for distributed energy resource management system during the forecast period. For the market analysis, the region has been segmented into China, Japan, India, Australia, and the Rest of Asia Pacific. The demand for distributed energy resource management system in this region is driven mostly by the increasing electricity consumption and the need to upgrade aging infrastructure. Countries in this region are shifting toward energy efficiency in residential buildings to meet the growing energy demands.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Distributed Energy Resource Management System Market.

Some of the key players are Siemens (Germany), Schneider Electric (France), General Electric (US), ABB (Switzerland), Emerson (US)The leading players are adopting various strategies to increase their share in the Distributed Energy Resource Management System Market. Contracts & agreements, and partnerships & collaboration, have been widely adopted strategies by the major players in the Distributed Energy Resource Management System Market.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Power Quality Equipment Market Likely to boost future growth by 2026

According to the new market research report "Power Quality Equipment Market by Equipment (UPS, Harmonic Filters, Surge Protection Devices, Voltage Regulators, Static VAR compensators, Power Quality Meters), Phase (Single and Three Phase), End User, and Region - Global Forecast to 2026" The power quality equipment market size will grow to USD 46.1 billion by 2026 (forecast year) from USD 32.4 billion in 2021 (estimated year), at a CAGR of 7.3% during the forecast period. Reducing overall carbon footprint from electrical devices by improving power quality and maximizing financial costs and energy savings are the key factors driving the growth of the power quality equipment market. The worldwide increase in adoption of smart grid technologies and the integration variable renewable energy with power grids are expected to offer profitable opportunities for the power quality equipment market during the forecast period.

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The industrial and manufacturing segment is expected to be the largest power quality equipment market, by end user, during the forecast period.

Based on end user, the power quality equipment market has been segmented into industrial and manufacturing, commercial, utilities, transportation, and residential. The industrial and manufacturing segment is projected to hold the largest market size of the power quality equipment market from 2021 to 2026. The growth of this segment is driven by rise in demand for uninterrupted power supply to machines used in manufacturing and process industries as any interruption or breakdown can result in significant losses due to the loss of production time. Utilities are the key consumer of power quality equipment owing to the fact that the sheer size of electrical networks operated by utilities is larger than the industrial and transportation electric infrastructures.

Asia Pacific likely to emerge as the fastest growing power quality equipment market by region, during the forecast period.

In this report, the power quality equipment market has been analyzed for five regions, namely, North America, South America, Europe, Asia Pacific, Middle East & Africa. Asia Pacific is expected to grow at the highest CAGR during the forecast period. Asia Pacific region has been segmented, by country, China, Japan, India, and the Rest of Asia Pacific (South Korea, Australia, Thailand, Vietnam, and Malaysia).  The power quality equipment market in Asia Pacific is dominated by China and India. The surging demand for electricity and the growing requirement to increase renewable power generation capacity encourage utilities in these countries to invest in transmission and distribution infrastructures. Asia Pacific is expected to invest USD 9.8 billion in developing smart grid infrastructures from 2018 to 2027. In addition, the development of smart grids in countries such as China, Japan, South Korea, and India is supported by regulations that either encourage or mandate their development. The power quality equipment market in China is projected to grow at the highest CAGR from 2021 to 2026.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the power quality equipment market.

Some of the key players are Siemens (Germany), ABB (Switzerland), Eaton (Ireland), Schneider Electric (France), and General Electric (US).  The leading players are adopting various strategies to increase their share in the power quality equipment market. 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Water Desalination Equipment Market Likely to boost future growth by 2026

According to the new market research report "Water Desalination Equipment Market Technology (Reverse Osmosis, Multi-stage Flash Distillation, Multiple-effect Distillation) Application (Municipal, Industrial) Product (Membranes, Pumps, Evaporators), and Region-Global Forecast to 2026" The global water desalination equipment market is projected to reach USD 11.2 billion by 2026. The water desalination equipment market size is expected to grow from an estimated USD 7.1 billion in 2021 to USD 11.2 billion by 2026, at a CAGR of 9.5%. Growing water scarcity, depletion of freshwater sources, coupled with the rapid urbanization and industrialization are driving the water desalination equipment market.

Browse 136 market data Tables and 51 Figures spread through 189 Pages and in-depth TOC on "Water Desalination Equipment Market -Global Forecast to 2026"

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Reverse Osmosis: The largest segment of the water desalination equipment market, by technology

The water desalination equipment market, by technology, is segmented reverse osmosis (RO), multi-stage flash distillation (MSF), multiple-effect distillation (MED), and others. The reverse osmosis segment is estimated to have the largest market share and is expected to grow at the highest rate during the forecast period. The technology is popular in developing countries due to its simple design and operation, as well as low cost. The demand for RO technology is expected to grow in the coming years owing to its low installation cost, easy processing, ability to treat all types of feed water, and minimal use of chemicals.

The municipal segment is expected to be the most significant water desalination equipment market, by application

The water desalination equipment market, by application, is segmented into municipal, industrial, and others. The municipal segment holds the largest share in the water desalination equipment market, followed by industrial. The growth in population, migration of people from rural to urban regions, scarcity of consumable water, and depletion of freshwater sources across the globe have surged the need for desalinated water. This has encouraged the governments of developing economies to invest in the water treatment sector to enhance their capabilities related to providing potable water and accommodate the increasing demand. These factors are likely to fuel the adoption of desalination equipment in the municipal segment.

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 Middle East & Africa is expected to dominate the global water desalination equipment market

The Middle East & Africa region is estimated to be the largest market for the water desalination equipment, followed by APAC. The APAC region is also projected to be the fastest-growing market during the forecast period. Government initiatives towards the increased investment in water & wastewater management sectors, owing to the limited availability of consumable water and the rapidly increasing population are the factors driving the water desalination equipment market in the Middle East & Africa region.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the water desalination equipment market. These players include Suez Water Technologies & Solutions (US), Veolia Water Technologies (France), DuPont (US), LG Chem (Korea), Toray Industries, Inc. (Japan), Sulzer (Switzerland) and Wärtsilä (Finland).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Busbar Protection Market to Witness Revolutionary Growth by 2023 | ABB, Schneider Electric, GE, Siemens, Mitsubishi Electric, NR Electric, Toshiba, Eaton, ZIV

The busbar protection market is expected to grow from an estimated USD 3.20 Billion in 2018 to USD 4.31 Billion by 2023, at a CAGR of 6.10%, during the forecast period. The market is set to witness growth due to the adoption of smart grids and HVDC technology in the utilities sector and create new revenue pockets for the market during the forecast period. Furthermore, favorable government policies coupled with increasing emphasis on renewable energy sources globally would boost the growth of the busbar protection market during the forecast period. Delays in grid expansion projects act as a restraint for the busbar protection market.

The report’s target audience includes:

• Distribution utilities
• Government and industry associations
• Power generation companies
• Protective relays manufacturing companies
• State and national regulatory authorities
• Substation EPC contractors
• Transmission utilities

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The utilities market is expected to be the largest busbar protection market, by end-user, in 2018.

The utilities segment accounted for the largest share of the market in 2017, while the transportation segment is projected to grow at the fastest pace among all the end-user segments. Growth in demand for the reliable delivery of electric power led to increased investments in the transmission & distribution infrastructure, which is likely to create the demand for busbar protection systems in the utilities segment.

The low-impedance segment is expected to hold the largest share of the busbar protection market, by impedance, during the forecast period.

The low-impedance segment is the fastest growing market during the forecast period and is projected to dominate the market during the forecast period. Development of microprocessor-based low-impedance relay is the main driver for the growth of the low impedance busbar protection market. Countries such as the US, India, China, the UK, and Norway are investing in developing HVDC, UHVDC, and UHV network for transmitting power from remote locations to conventional power plants as well as renewable power plants, which is expected to create the demand for low-impedance busbar protection systems during the forecast period. Furthermore, increasing investment in the smart grid and smart substation is expected to create the demand for microprocessor-based low-impedance busbar protection systems.

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Asia Pacific: Key market for busbar protections market during the forecast period.

The Asia Pacific market was the largest market, by value, for busbar protections in 2017, driven largely by China. Asia Pacific is the most populated region in the world and consequently witnesses high demand for electricity. A rise in investments in smart grid technologies and smart cities is creating demand for necessary transmission & distribution infrastructure, which in turn, is likely to create demand for the busbar protection market in the region. China accounted for the highest installed generation & distribution capacity in the Asia Pacific region, resulting in an increased demand for transmission & distribution infrastructure. Despite the fall in feed-in tariffs for solar energy, Japan is becoming a hub for renewable power and is attracting foreign investors in the power sector. For instance, Goldman Sachs is expected to invest approximately USD 487 million in Japanese renewable projects. These developments in the Japanese power sector are likely to enhance its power generation capacity. These investments in Japan are expected to improve the operation of utility firms and help secure the reliability of grid networks from power outages.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the busbar protection market. These players include ABB (Switzerland), Schneider Electric (France), GE (US), Siemens (Germany), Mitsubishi Electric (Japan), NR Electric (China), Toshiba (Japan), Eaton (Ireland), and ZIV (Spain).

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Objectives of the Study

• To define, describe, and forecast the global busbar protection market on the basis of voltage, impedance, end-user, and region
• To provide a detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the market with respect to individual growth trends, future prospects, and contribution of each segment to the market
• To analyze opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
• To forecast the market size of segments with respect to five major regions (along with countries), namely, North America, Europe, Asia Pacific, South America, the Middle East & Africa
• To strategically profile key players and comprehensively analyze their market shares and core competencies
• To analyze competitive developments such as contracts & agreements, mergers & acquisitions, new product developments, and expansions in the market

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Marine VFD Market Forecastss: A $1,075 million market by 2026

According to the new market research report "Marine VFD Market by Type (AC Drive, DC Drive), Voltage (Low Voltage, Medium Voltage), Application (Pump, Fan, Compressor, Propeller (With Shaft Generator, Without Shaft Generator), Crane & Hoist), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Marine VFD Market size will grow to USD 1,075 million by 2026 (forecast year) from USD 804 million in 2021 (estimated year), at a CAGR of 6.0% during the forecast period. A marine VFD is a motor controller electronic device. It drives an electric motor by varying the frequency and voltage supplied to the motor according to the demand. It is also referred to as variable speed drive, adjustable speed drive, adjustable frequency drive, AC drive, Microdrive, and inverter. Marine VFD has been categorized into by type, by voltage, and by application. They can be installed in various systems on ships which have motor like cranes, compressor, fan, pumps, etc. Marine VFD is playing a crucial role to achieve more efficiency from systems and reducing fuel consumption in ships.

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The pump segment is expected to dominate the Marine VFD Market, by application, during the forecast period.

The pump segment accounted for the largest share of the Marine VFD Market, by application, in 2020. The pump is the component which is extensively used for various purposes onboard a ship and is critical for proper functioning of any ship. Thus, the use of VFD to control the functioning the pumps can save a lot of energy. These factors are likely to increase the demand for VFD used to control pumps.

Marine VFD Market

The low voltage is expected to dominate the Marine VFD Market, by voltage, during the forecast period.

The low voltage segment accounted for a larger share, owing to the increased use of low-voltage motors in the marine industry across applications such as cranes, pumps, fans, and hoists. The increasing use of variable drives to improve the efficiency of various small components across a system equipped with motors to improve the efficiency of such systems has boosted the market for low-voltage drives.

Browse in-depth TOC on "Marine VFD Market"

267 – Tables
57 – Figures 
225 – Pages

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The AC drive is expected to dominate the Marine VFD Market, by type, during the forecast period.

AC drives are more widely used VFDs. As most of the equipment used onboard a ship operates on AC input, the AC drive segment is projected to account for a larger market share. The demand for AC drives is also driven by the increasing demand for energy-efficient solutions. An AC drive is used to control the speed of an electric motor by changing the frequency and voltage of electric supply to the motor. A VFD controls the speed of the AC motor by changing the frequency supplied to the motor.

Asia Pacific is expected to lead the Marine VFD Market

Asia Pacific is expected to show a robust growth during the forecast period. The Asia Pacific region includes China, Japan, South Korea, India, Australia, and Rest of Asia Pacific. This region has shown strong demand for marine VFD owing to rapid growth of shipbuilding industry. With the shift towards decarbonization, there has been a strong demand for more energy efficient engines with less emissions. Governments in this region are increasingly opening gates for development and growth of ship building industry. Technological advancements and less energy consumption would further propel marine VFD deployment and open up opportunities in the emerging markets in APAC. Various countries are adopting new hybrid and electric systems in ships in order to save energy as well as to meet their goal of rection in carbon emission. Moreover, favorable supportive schemes, huge investments in ship building and port development would further drive the market for marine VFD. The market in China is expected to grow mainly because of government initiatives to cut down carbon emissions as well as to become leader in ship building.

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The key players include General Electric (US), Danfoss (Denmark), Siemens (Germany), ABB (Switzerland), Rockwell Automation (US). The leading players are adopting various strategies to increase their share in the Marine VFD Market.

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Servo Motors and Drives Market by Offering (Hardware, Software and Services), Product Type (Servo Motors, Servo Drives), System, Voltage, Communication Protocol, Brake Technology, Material of Construction, Industry, and Region - Global Forecast to 2025 https://www.marketsandmarkets.com/Market-Reports/servo-motors-and-drives-market-1127.html

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com