Distributed Energy Resource Management System Market Size, Share, Growth Report 2032

Distributed Energy Resource Management System Market

Distributed Energy Resource Management System Market By Application (Solar PV Units, Energy Storage Systems, Wind Generation Units, Combined Heat & Power Generation Systems, and EV Charging Stations), By Component (Software and Services), By End-User (Industrial, Residential, and Commercial), And By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030

Category: Energy & Mining Report Format : PDF Pages: 199 Report Code: ZMR-3126 Published Date: Feb-2023 Status : Published
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 10 Billion USD 16 Billion 5.7% 2022

Distributed Energy Resource Management Market

Industry Perspective:

The global distributed energy resource management system market size was evaluated at $10 Billion in 2022 and is slated to hit $16 Billion by the end of 2030 with a CAGR of nearly 5.7% between 2023 and 2030. 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.

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Global Distributed Energy Resource Management System Market: Synopsis

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.

Key Insights

  • As per the analysis shared by our research analyst, the global Distributed Energy Resource Management System Market is projected to expand annually at the annual growth rate of around 5.7% over the forecast timespan (2023-2030)
  • In terms of revenue, the global Distributed Energy Resource Management System Market was evaluated at nearly $10 billion in 2022 and is expected to reach $16 billion by 2030
  • The global market is anticipated to record massive growth over the forecast period due to favorable initiatives by the government for promoting the use of renewable energy and the growing need for replacing old grids with smart ones.
  • Based on component, the software segment contributed to a major share of the global market in 2022
  • In terms of application, the Solar PV Units segment is predicted to register the fastest CAGR over the predicted timespan.
  • On basis of end-user, the industrial segment is predicted to register the fastest CAGR and contribute a major share to the global market over the assessment period.
  • Region-wise, the North American region is projected to be the key regional revenue driver of the global market during the projected timeframe.

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Distributed Energy Resource Management System Market: Growth Factors

Surging need for producing energy from renewable sources to boost the global market growth in 2023-2030

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.

Distributed Energy Resource Management System Market: Hindrances

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.

Distributed Energy Resource Management System Market: Opportunities

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.

Distributed Energy Resource Management System Market: Challenges

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.

Distributed Energy Resource Management System Market: Segmentation

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 2022, 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.

Recent Breakthroughs

  • In the third quarter of 2021, Mitsubishi Electric Corporation, a Japan-based electric & electronics equipment manufacturing firm, made an acquisition of Smarter Grid Solutions, a leading provider of distributed energy resource management software.The strategic initiative will help in the expansion of its power management enterprise software portfolio as well as its distributed energy resource management software product line.
  • In the second half of 2021, Hitachi Energy, a key player in the global energy sector, introduced the enhanced PowerStore battery energy storage system products. The move is likely to help the firm expand its distributed energy system business.
  • In the last quarter of 2019, Schneider Electric introduced EcoStruxure distributed energy resource management system which provides control of various kinds of distributed energy resources. The strategic move will enlarge the scope of the growth of the distributed energy resource management system market across the globe.

Distributed Energy Resource Management System Market Report Scope:

Report Attributes Report Details
Report Name Distributed Energy Resource Management System Market Research Report
Market Size in 2022 USD $10 Billion
Market Forecast in 2030 USD $16 Billion
Compound Annual Growth Rate CAGR of 5.7%
Number of Pages 199
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Itron, ABB Ltd., Siemens, Schneider Electric SE, General Electric Corporation, ENGIE, Emerson Electric Co., Oracle Corporation, Generac Holdings Inc., Spirae, LLC, Sunverge Energy Inc., Mitsubishi Electric Corporation, Opus One Solutions, Viridity Energy Solutions, Inc., Hitachi, Ltd., Doosan Heavy Industries & Construction, Kitu System, PXiSE Energy Solutions, LLC, Blue Pillar, and Enel S.p.A.
Segments Covered By Component, By Application, By End-User, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

 

Distributed Energy Resource Management System Market: Regional Insights

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 2022 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 2023-2030 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.

Distributed Energy Resource Management System Market: Competitive Space

The Distributed Energy Resource Management System Market profiles key players such as:

  • Itron
  • ABB Ltd.
  • Siemens
  • Schneider Electric SE
  • General Electric Corporation
  • ENGIE
  • Emerson Electric Co.
  • Oracle Corporation
  • Generac Holdings Inc.
  • Spirae LLC
  • Sunverge Energy Inc.
  • Mitsubishi Electric Corporation
  • Opus One Solutions
  • Viridity Energy Solutions Inc.
  • Hitachi Ltd.
  • Doosan Heavy Industries & Construction
  • Kitu System
  • PXiSE Energy Solutions LLC
  • Blue Pillar
  • Enel S.p.A.

The global Distributed Energy Resource Management System Market is segmented as follows:

By Component

  • Software
  • Services

By Application

By End-User

  • Industrial
  • Residential
  • Commercial

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

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 projected to expand over 2023-2030 owing to a surge in population across the globe resulting 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 system in the energy & power sector.

According to study, the global Distributed Energy Resource Management System Market size was $10 billion in 2022 and is projected to reach $16 billion by the end of 2030.

The global Distributed Energy Resource Management System Market is anticipated to record a CAGR of nearly 5.7% from 2023 to 2030.

The North American Distributed Energy Resource Management System industry is set to register humungous growth over the upcoming years owing to increase in the demand for power supply in countries such as the U.S. and Canada. Furthermore, rise in allocation of funds for distributed energy resource management systems and need for complying with carbon guidelines of various states of the U.S. will proliferate the size of the growth of the regional market.

The global Distributed Energy Resource Management System Market is led by players like Itron, ABB Ltd., Siemens, Schneider Electric SE, General Electric Corporation, ENGIE, Emerson Electric Co., Oracle Corporation, Generac Holdings Inc., Spirae, LLC, Sunverge Energy Inc., Mitsubishi Electric Corporation, Opus One Solutions, Viridity Energy Solutions, Inc., Hitachi, Ltd., Doosan Heavy Industries & Construction, Kitu System, PXiSE Energy Solutions, LLC, Blue Pillar, and Enel S.p.A.

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