According to the new market research report “Distributed Energy Resource Management System Market
by Technology (Solar PV, Wind, Energy Storage, CHP), by Software (Analytics,
Management & Control, VPP), by End-User (Government & Municipalities,
Industrial, Commercial), and by Region - Global Forecast to 2022”,
published by MarketsandMarkets™, the global distributed
energy resource management system market is expected to grow at a CAGR of
15.70%, from 2017 to 2022, to reach a market size of USD 603.6 billion by 2022.
The shift from centralized to de-centralized power generation, government
mandates in renewables and updated policies, and increasing share of renewable
power generation in the total power generation mix are the major factors
driving the DERMS market.
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in-depth TOC on "Distributed Energy Resource Management System Market"
61 - Tables
34 - Figures
144 - Pages
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The distributed energy resource management system market
is dominated by a few major players that have a wide regional presence and are
established brand names. Leading players in the distributed energy resource
management system market, such as Siemens AG (Germany), ABB, Ltd.
(Switzerland), General Electric (U.S.), and Schneider Electric (France), have
either acquired regional companies or made a joint venture with the ones
operating in the distributed energy resource management system market to
bolster their product portfolio and to enhance their global reach.
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TOC @
With regard to the end-user segment, the residential
segment is expected to constitute the fastest growing market from 2017 to 2022.
In terms of market size, the industrial segment would dominate the distributed
energy resource management system market. The industrial sector encouraged the
use of DERs as many industrial sectors such as petroleum and chemical industry
with energy consumption of more than 350 kW require equally reliable and
resilient system or software for managing, controlling, and analyzing the
real-time data for proper allocation of energy, according to the loads.
The report segments the distributed energy resource management system market, based on
technology, into solar PV, wind, energy storage (thermal and battery), Combined
Heat & Power (CHP), and others. The solar PV segment would account for the
maximum share under the technology segment in the distributed energy resource
management system market.
This particular market is expected to grow in the future
as a result 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.
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The market in Asia-Pacific is estimated to be the fastest
growing market for distributed energy resource management system from 2017 to
2022. Increasing use of renewable energy resources for power generation,
especially in Australia and South Korea are driving the demand for distributed
energy resource management system in this region. The growing need for energy
reliability and efficiency are also expected to spur the growth of the market
and represents a promising opportunity for major distributed energy resource
management system providers.
