Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 615.24 Million | USD 3445.16 Million | 18.8% | 2024 |
The global distributed energy resource management system market size was worth around USD 615.24 Million in 2024 and is predicted to grow to around USD 3445.16 Million by 2034 with a compound annual growth rate (CAGR) of roughly 18.8% between 2025 and 2034. The report analyzes the global distributed energy resource management system market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the distributed energy resource management system industry.
The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.
A distributed energy resource management system also referred to as DERMS is a tool that helps distribution system operators effectively handle their power grids that are based on distributed energy resources. Furthermore, these systems help public utilities efficiently manage distribution grids with a slew of connected distributed energy generation tools. Moreover, it derives benefit from the distributed resources that comprise bigger utility-grade resources and behind-the-meter resources. In addition to this, the distributed energy resource management system is projected to play a key part in fulfilling the surging demand for energy.
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Surging need for producing energy from renewable sources to boost the global market growth in 2025-2034
Non-renewable energy such as fossil fuels and coal can be easily depleted and hence countries across the globe are trying to decarbonize the power distribution system. Moreover, renewable energy utilization also ensures conservation of the environment and reduces degradation of the same.
This will boost the expansion of the distributed energy resource management system market across the globe. Apart from this, reduced rates of feed in tariffs will drive the market surge globally in the years to come. In addition to this, governments are investing in smart grids, thereby helping in the effective replacement of old grids. This will prompt the expansion of the global market. Surge in smart grid production will pave a way for humungous demand for distributed energy resource management tools, thereby steering global business trends.
Moreover, the surge in population across the globe has resulted in the necessity of a huge power supply, thereby increasing the demand for renewable energy and thus translating into massive penetration of distributed energy resource management systems in the energy & power sector. Moreover, the growing need for seamless power distribution and supply has led the utilities to hire the services of firms in the distributed energy resource management system business. All these aforementioned factors will expedite the growth of the distributed energy resource management system market across the globe.
Higher initial costs of deployment can inhibit the global industry surge over forecast timeline
A prominent rise in the installation costs as well as huge operation and maintenance costs post-installation of distributed energy resource management systems can impede the expansion of the global distributed energy resource management system industry.
Growing fund allocation for refurbishing older power grid infrastructure to open new avenues of growth for the global market
Rise in investments in grid digitization for implementing new communication techniques will create new opportunities for growth for the global distributed energy resource management system market.
Risk of cyber security can pose a huge challenge to market expansion
The key challenge for the global distributed energy resource management system industry is ensuring the safety of information & communication technology and energy storage technologies from data breaches and cyber-attacks.
The global Distributed Energy Resource Management System market is sectored into application, component, end-user, and region.
In terms of component, the global Distributed Energy Resource Management System market is segmented into software and services segments. Apparently, the software segment, which made lucrative contributions toward the global market share in 2024, is anticipated to dominate the global market share even in the foreseeable future. The segmental surge can be attributed to the ability of software to constantly monitoring predictive solutions, communication equipment, and configuring real-time data.
Based on the application, the global Distributed Energy Resource Management System industry is divided into Wind Generation Units, Solar PV Units, Combined Heat & Power Generation Systems, Energy Storage Systems, and EV Charging Stations segments. Furthermore, the Solar PV Units segment is set to register the fastest CAGR in the forecast timeframe. The growth of the segment over the forecast timeframe can be credited to the growing need for producing power through tapping renewable sources of energy. Moreover, the growing focus on green energy and decarbonization will accentuate the segmental surge in the coming decade.
On the basis of end-user, the global Distributed Energy Resource Management System market is bifurcated into residential, industrial, and commercial segments. Furthermore, the industrial segment is anticipated to register the highest CAGR and account for a major share of the global market in the forecasting years. The segmental surge can be attributed to the surging demand for power supply in the industrial units and the necessity of proficiently using the power.
Based on Software, the global distributed energy resource management system market is divided into Virtual Power Plant (VPP), Management & Control, Analytics.
Report Attributes | Report Details |
---|---|
Report Name | Distributed Energy Resource Management System Market |
Market Size in 2024 | USD 615.24 Million |
Market Forecast in 2034 | USD 3445.16 Million |
Growth Rate | CAGR of 18.8% |
Number of Pages | 199 |
Key Companies Covered | Itron (U.S.), Oracle (U.S.), Energy Hub (U.S.), AutoGrid Systems (U.S.), Opus One Solutions (Canada), Blue Pillar (U.S.), Kitu Systems (U.S.), Enel (Italy), Open Access Technology International, Ltd. (U.S.), Sunverge Energy Inc. (U.S.), Hitachi ABB (Switzerland), Schneider Electric (France), Siemens (Germany), General Electric (U.S.), Engie (France), Generac (U.S.), Mitsubishi Electric Corporation (Japan), Doosan Heavy Industries & Construction (South Korea), and others. |
Segments Covered | By Software, By Application, By End-user, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Distributed Energy Resource Management System Market in North America To Register Humungous Surge Over 2023-2030
The Distributed Energy Resource Management System Market in North America is anticipated to witness massive growth during the forecasting period. Moreover, North America accounted for a major share of the overall market in 2024 and is predicted to continue its leadership even in the foreseeable future.
The growth of the Distributed Energy Resource Management System market in North America during 2025-2034 can be owing to an increase in the demand for power supply in countries such as the U.S. and Canada. Furthermore, the rise in the allocation of funds for distributed energy resource management systems and the need for complying with carbon guidelines of various states of the U.S. will proliferate the size of the growth of the regional market.
Furthermore, the Asia-Pacific region is set to contribute lucratively towards the global industry revenue in the coming years. The regional industry expansion can be attributed to rise in setting up of renewable energy projects in countries such as India, Philippines, Japan, Malaysia, Thailand, Indonesia, China, and Singapore.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the distributed energy resource management system market on a global and regional basis.
The global distributed energy resource management system market is dominated by players like:
The global distributed energy resource management system market is segmented as follows;
By Software
By Application
By End-user
By Region
FrequentlyAsked Questions
A distributed energy resource management system also referred to as DERMS is a tool that helps distribution system operators effectively handle their power grids that are based on distributed energy resources. Furthermore, these systems help public utilities efficiently manage distribution grids with a slew of connected distributed energy generation tools.
The global distributed energy resource management system market is expected to grow due to increasing adoption of renewable energy sources, the growing need for grid modernization and stability, favorable government policies and incentives, and advancements in smart grid technologies including AI and IoT.
According to a study, the global distributed energy resource management system market size was worth around USD 615.24 Million in 2024 and is expected to reach USD 3445.16 Million by 2034.
The global distributed energy resource management system market is expected to grow at a CAGR of 18.8% during the forecast period.
North America is expected to dominate the distributed energy resource management system market over the forecast period.
Leading players in the global distributed energy resource management system market include Itron (U.S.), Oracle (U.S.), Energy Hub (U.S.), AutoGrid Systems (U.S.), Opus One Solutions (Canada), Blue Pillar (U.S.), Kitu Systems (U.S.), Enel (Italy), Open Access Technology International, Ltd. (U.S.), Sunverge Energy Inc. (U.S.), Hitachi ABB (Switzerland), Schneider Electric (France), Siemens (Germany), General Electric (U.S.), Engie (France), Generac (U.S.), Mitsubishi Electric Corporation (Japan), Doosan Heavy Industries & Construction (South Korea), among others.
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