The report "Distributed
Energy Resource Management System Market Technology (Solar PV, Wind, Energy
Storage, CHP), Software (Analytics, Management & Control, VPP), End-User
(Government & Municipalities, Industrial, Commercial), and Region - Global
Forecast to 2022", The distributed energy resource
management system market is expected to grow from an estimated USD 291.1
Million in 2017 to USD 603.6 Million by 2022, registering a CAGR of 15.70%,
from 2017 to 2022.
Browse 61 Market Data Tables
and 34 Figures spread through 144 Pages and in-depth TOC on "Distributed Energy Resource Management
System Market"
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The global market is set to witness a significant growth
due to the increasing share of renewable energy in the total energy generation
mix, shift from centralized to de-centralized power generation, and reduced
cost of DERs such as solar PV and battery storage.
The industrial segment is
expected to hold the largest share of the distributed energy resource
management system market, by end-user, during the forecast period.
The industrial sub-segment, within the end-user segment,
led the distributed energy resource management system market in 2016, and is
projected to dominate the market during the forecast period. However, the
residential segment is expected to grow at the fastest rate during the forecast
period.
The growth of this segment is primarily driven by
increasing deployment of DERs in industries such as petroleum and chemical
where energy consumption is more than 350 kW. These industries are
located remotely, and require immediate source of electricity generation with
cost effectiveness and efficiency measures. This would ultimately create new
revenue pockets for the distributed energy resource management system market
during the forecast period.
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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.
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.
Scope of the
Report
On the basis of
Technology:
·
Solar PV
·
Wind
·
Energy Storage
·
Combined Heat & Power
·
Others
On the basis of
End-User:
·
Government & Municipalities
·
Industrial
·
Commercial
·
Residential
·
Military
On the basis of
Software:
·
Analytics
·
Management & Control
·
Virtual Power Plants
On the basis of
Region:
·
North America
·
Asia-Pacific
·
Europe
·
Rest of the world
For instance, small scale distributed solar PV, which are
generally found on residential rooftops, have grown significantly in the U.S. over
the past several years. According to the Energy Information Administration
(EIA), the total U.S. solar power generation (PV and thermal) was 3.6 million
MWh in September 2015, with 33% coming from small-scale solar PV. Hence, the
U.S. presents a greater opportunity for managing these DERs, which will
ultimately drive the DERMS market.
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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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
