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The Distributed Energy Resource Management System Market size was valued at USD 471 million in 2023 and is expected to grow to USD 2323 million by 2032 and grow at a CAGR of 19.4% over the forecast period of 2024-2032.
The Distributed Energy Resource Management System (DERMS) is a cutting-edge technology that enables the efficient management of energy resources. This system is designed to optimize the use of distributed energy resources, such as solar panels, wind turbines, and energy storage systems, to ensure that energy is generated and consumed in the most cost-effective and efficient manner possible.
It is a powerful software platform designed to streamline the operation of aggregated DERs within a power grid. Typically, DERMS applications are utilized at the distribution grid level. However, to fully integrate DERMS with a utility, a distribution management system (DSM) is required. By utilizing DERMS, utilities can more effectively manage their distributed energy resources, resulting in a more efficient and reliable power grid.
DERMS is a sophisticated platform that integrates various energy resources and provides real-time monitoring and control of energy generation and consumption. It enables utilities and energy providers to manage their energy resources more effectively, reduce energy waste, and improve the reliability and resilience of their energy systems. DERMS is a powerful tool that enables the efficient management of distributed energy resources.
With DERMS, energy providers can better manage the variability and unpredictability of renewable energy sources, such as solar and wind power. This technology allows them to balance the supply and demand of energy in real time, ensuring that energy is available when and where it is needed most.
Drivers
Increasing demand for renewable energy resources
Deployment of a smart grid by the government to curb the carbon footprint
Increasing installation of rooftop solar panel
To reduce the carbon footprint, the demand for renewable energy resources has increased. This has led to a surge in the adoption of technologies that enable the efficient management of distributed energy resources. In addition, governments around the world are taking steps to reduce their carbon emissions by deploying smart grids. These grids are designed to optimize the distribution of energy, reduce waste, and increase efficiency. All of these factors have contributed to the growth of the DERMS market, which is expected to continue expanding in the coming years.
Restrain
High initial cost associated with the installation of distributed energy resource management system
Opportunities
Continuous investment in the digitalized grid infrastructure
Challenges
Risk associated with the cybercrime
The DERMS market has been impacted by cybersecurity risks. As technology continues to advance, the threat of cyber-attacks becomes more prevalent, and companies must take proactive measures to protect their assets. The impact of cybercrime on the DERMS market highlights the importance of investing in robust cybersecurity measures to safeguard against potential threats.
The unexpected global crisis of COVID-19 affected the Distributed Energy Resource Management System (DERMS) market. The pandemic has caused disruptions in the supply chain, leading to delays in the production and delivery of DERMS components. This has resulted in a slowdown in the growth of the DERMS market. Additionally, the pandemic has caused a decrease in demand for energy due to the closure of businesses and reduced economic activity, further impacting the DERMS market. However, the pandemic has also highlighted the importance of DERMS in ensuring a resilient and sustainable energy system. As countries look to recover from the pandemic, there is a growing focus on investing in renewable energy and DERMS to reduce dependence on fossil fuels and increase energy security.
The Russia and Ukraine war impacted various industries, including the Distributed Energy Resource Management System (DERMS) market. The war has disrupted the energy supply chain in Ukraine, which has led to an increased demand for DERMS. The country has been forced to rely on its own energy resources, including renewable energy, to meet its energy needs. This has created a significant opportunity for DERMS providers to expand their market share in Ukraine. However, the conflict has also had a negative impact on the DERMS market in Russia. The country has been hit with economic sanctions, which have limited its ability to invest in renewable energy. This has resulted in a decrease in demand for DERMS in Russia.
Impact of Recession:
The Distributed Energy Resource Management System (DERMS) market has been significantly impacted by the recent recession. This has resulted in a decrease in demand for DERMS products and services, as well as a decrease in investment in the industry. The recession has caused many businesses to cut back on their spending, including their investment in renewable energy technologies. This has led to a decrease in demand for DERMS products and services, as businesses are less likely to invest in new energy management systems during times of economic uncertainty. Furthermore, the recession has also impacted the availability of funding for DERMS projects. Many investors are hesitant to invest in new projects during times of economic uncertainty, which has made it more difficult for companies in the DERMS industry to secure the necessary funding to develop new products and services.
By Software
Management and Control
Analytics
Virtual Power Plants
By End-user
Commercial
Residential
Industrial & Utilities
By Application
Energy Storage
Wind
Solar PV
Combined Heat and Power
EV Charging
By region, the Asia Pacific region dominated the Distributed Energy Resource Management System market. This is due to the significant investments made by government bodies in renewable energy projects, as well as the increasing power generation activities in the region. As a result, the Asia Pacific region is poised to capture the largest market share in this sector.
Another factor that drives the growth of the DERMS market is the rapid expansion of solar and wind renewable energy installations, as well as the excessive energy demand. In response to this demand, Horizon Power launched a new DERMS in Western Australia's regional microgrids in August 2022. This innovative system will allow consumers of rooftop solar, batteries, and electric vehicles to safely connect with utility energy supplies, representing a significant advancement in the field.
North America is also expected to show lucrative growth during the forecast period. The U.S. is the major country that contributed major to this growth. North America is poised to make a significant impact on the global renewable energy market. This is due to the increasing investments made by governments in renewable projects, as well as the commitment of various countries to achieve net zero emissions by 2050. As a result, North America is expected to hold a substantial market share in the renewable energy sector which further drives the growth of the DERMS market.
Europe is also anticipated to show significant growth owing to the presence of a large number of projects related to DERMS-based software in the renewable energy system.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major players are Autogrid Systems, Inc., General Electric, ABB Ltd, Siemens AG, Schneider Electric, Spirae, Inc., Enernoc, Inc., Open Access Technology International, Inc., Enbala Power Networks INC., Doosan Gridtech, Inc. (Doosan Heavy Industries & Construction), and Blue Pillar, Inc., and other key players will be included in the final report.
| Report Attributes | Details |
| Market Size in 2023 | US$ 471 Mn |
| Market Size by 2032 | US$ 2323 Mn |
| CAGR | CAGR of 19.4% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Software (Management and Control, Analytics, Virtual Power Plants) • By End-user (Commercial, Residential, Industrial & Utilities) • By Application (Energy Storage, Wind, Solar PV, Combined Heat and Power, EV Charging) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Autogrid Systems, Inc., General Electric, ABB Ltd, Siemens AG, Schneider Electric, Spirae, Inc., Enernoc, Inc., Open Access Technology International, Inc., Enbala Power Networks INC., Doosan Gridtech, Inc. (Doosan Heavy Industries & Construction), and Blue Pillar, Inc. |
| Key Drivers | • Increasing demand for renewable energy resources • Deployment of a smart grid by the government to curb the carbon footprint |
| Market Opportunities | • Continuous investment in the digitalized grid infrastructure |
The expected CAGR of the global Distributed Energy Resource Management System Market during the forecast period is 19.4%.
The forecasted market size of the Distributed Energy Resource Management System Market is 1973 USD million in 2031.
The major key players of Distributed Energy Resource Management System are Autogrid Systems, Inc., General Electric, ABB Ltd, Siemens AG, Schneider Electric, Spirae, Inc., Enernoc, Inc., Open Access Technology International, Inc., Enbala Power Networks INC., Doosan Gridtech, Inc. (Doosan Heavy Industries & Construction), and Blue Pillar, Inc.
Asia Pacific region dominated the Distributed Energy Resource Management System Market.
Accelerating Shift of the Pharmaceutical Market Toward Innovative Biologic and Cell and Gene Therapy Products, Rising Approvals of Nucleic Acid Therapeutics, Unpredictable increase in the cases of COVID-19 patients, Increase in the prevalence of chronic diseases such as cardiovascular diseases and cancer, and Rising investment in nucleic acid-based therapeutics are the major driving factors of Distributed Energy Resource Management System Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Distributed Energy Resource Management System Market Segmentation, By Software
8.1 Management and Control
8.2 Analytics
8.3 Virtual Power Plants
9. Distributed Energy Resource Management System Market Segmentation, By End-user
9.1 Commercial
9.2 Residential
9.3 Industrial & Utilities
10. Distributed Energy Resource Management System Market Segmentation, By Application
10.1 Energy Storage
10.2 Wind
10.3 Solar PV
10.4 Combined Heat and Power
10.5 EV Charging
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Distributed Energy Resource Management System Market by Country
11.2.2North America Distributed Energy Resource Management System Market by Software
11.2.3 North America Distributed Energy Resource Management System Market by End-user
11.2.4 North America Distributed Energy Resource Management System Market by Application
11.2.5 USA
11.2.5.1 USA Distributed Energy Resource Management System Market by Software
11.2.5.2 USA Distributed Energy Resource Management System Market by End-user
11.2.5.3 USA Distributed Energy Resource Management System Market by Application
11.2.6 Canada
11.2.6.1 Canada Distributed Energy Resource Management System Market by Software
11.2.6.2 Canada Distributed Energy Resource Management System Market by End-user
11.2.6.3 Canada Distributed Energy Resource Management System Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Distributed Energy Resource Management System Market by Software
11.2.7.2 Mexico Distributed Energy Resource Management System Market by End-user
11.2.7.3 Mexico Distributed Energy Resource Management System Market by Application
11.3 Europe
11.3.1 Europe Distributed Energy Resource Management System Market by Country
11.3.2 Europe Distributed Energy Resource Management System Market by Software
11.3.3 Europe Distributed Energy Resource Management System Market by End-user
11.3.4Europe Distributed Energy Resource Management System Market by Application
11.3.5Germany
11.3.5.1 Germany Distributed Energy Resource Management System Market by Software
11.3.5.2 Germany Distributed Energy Resource Management System Market by End-user
11.3.5.3 Germany Distributed Energy Resource Management System Market by Application
11.3.6 UK
11.3.6.1 UK Distributed Energy Resource Management System Market by Software
11.3.6.2 UK Distributed Energy Resource Management System Market by End-user
11.3.6.3 UK Distributed Energy Resource Management System Market by Application
11.3.7 France
11.3.7.1 France Distributed Energy Resource Management System Market by Software
11.3.7.2 France Distributed Energy Resource Management System Market by End-user
11.3.7.3 France Distributed Energy Resource Management System Market by Application
11.3.8 Italy
11.3.8.1 Italy Distributed Energy Resource Management System Market by Software
11.3.8.2 Italy Distributed Energy Resource Management System Market by End-user
11.3.8.3 Italy Distributed Energy Resource Management System Market by Application
11.3.9 Spain
11.3.9.1 Spain Distributed Energy Resource Management System Market by Software
11.3.9.2 Spain Distributed Energy Resource Management System Market by End-user
11.3.9.3 Spain Distributed Energy Resource Management System Market by Application
11.3.10 The Netherlands11.3.10.1 Netherlands Distributed Energy Resource Management System Market by Software
11.3.10.2 Netherlands Distributed Energy Resource Management System Market by End-user
11.3.10.3 Netherlands Distributed Energy Resource Management System Market by Application
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Distributed Energy Resource Management System Market by Software
11.3.11.2 Rest of Europe Distributed Energy Resource Management System Market by End-user
11.3.11.3 Rest of Europe Distributed Energy Resource Management System Market by Application
11.4 Asia-Pacific
11.4.1 Asia Pacific Distributed Energy Resource Management System Market by Country
11.4.2Asia Pacific Distributed Energy Resource Management System Market by Software
11.4.3 Asia Pacific Distributed Energy Resource Management System Market by End-user
11.4.4 Asia Pacific Distributed Energy Resource Management System Market by Application
11.4.5 Japan
11.4.5.1 Japan Distributed Energy Resource Management System Market by Software
11.4.5. 2Japan Distributed Energy Resource Management System Market by End-user
11.4.5. 3Japan Distributed Energy Resource Management System Market by Application
11.4.6 South Korea
11.4.6.1 South Korea Distributed Energy Resource Management System Market by Software
11.4.6.2. South Korea Distributed Energy Resource Management System Market by End-user
11.4.6.3. South Korea Distributed Energy Resource Management System Market by Application
11.4.7China
11.4.7.1 China Distributed Energy Resource Management System Market by Software
11.4.7.2. China Distributed Energy Resource Management System Market by End-user
11.4.7.3. China Distributed Energy Resource Management System Market by Application
11.4.8 India
11.4.8.1 India Distributed Energy Resource Management System Market by Software
11.4.8.2. India Distributed Energy Resource Management System Market by End-user
11.4.8.3 India Distributed Energy Resource Management System Market by Application
11.4.9Australia
11.4.9.1 Australia Distributed Energy Resource Management System Market by Software
11.4.9.2. Australia Distributed Energy Resource Management System Market by End-user
11.4.9.3. Australia Distributed Energy Resource Management System Market by Application
11.4.10Rest of Asia-Pacific
11.4.10.1 APAC Distributed Energy Resource Management System Market by Software
11.4.10.2. APAC Distributed Energy Resource Management System Market by End-user
11.4.10.3. APAC Distributed Energy Resource Management System Market by Application
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Distributed Energy Resource Management System Market by Country
11.5.2 The Middle East & Africa Distributed Energy Resource Management System Market by Software
11.5.3The Middle East & Africa Distributed Energy Resource Management System Market by End-user
11.5.4The Middle East & Africa Distributed Energy Resource Management System Market by Application
11.5.5Israel
11.5.5.1 Israel Distributed Energy Resource Management System Market by Software
11.5.5.2 Israel Distributed Energy Resource Management System Market by End-user
11.5.5.3 Israel Distributed Energy Resource Management System Market by Application
11.5.6 UAE
11.5.6.1 UAE Distributed Energy Resource Management System Market by Software
11.5.6.2 Israel Distributed Energy Resource Management System Market by End-user
11.5.6.3 Israel Distributed Energy Resource Management System Market by Application
11.5.7South Africa
11.5.7.1 South Africa Distributed Energy Resource Management System Market by Software
11.5.7.2 South Africa Distributed Energy Resource Management System Market by End-user
11.5.7.3 South Africa Distributed Energy Resource Management System Market by Application
11.5.8 Rest of Middle East & Africa
11.5.8.1 Rest of Middle East & Asia Distributed Energy Resource Management System Market by Software
11.5.8.2 Rest of Middle East & Asia Distributed Energy Resource Management System Market by End-user
11.5.8.3 Rest of Middle East & Asia Distributed Energy Resource Management System Market by Application
11.6Latin America
11.6.1 Latin America Distributed Energy Resource Management System Market by Country
11.6.2. Latin America Distributed Energy Resource Management System Market by Software
11.6.3 Latin America Distributed Energy Resource Management System Market by End-user
11.6.4 Latin America Distributed Energy Resource Management System Market by Application
11.6.5 Brazil
11.6.5.1 Brazil Distributed Energy Resource Management System Market by Software
11.6.5.2 Brazil Distributed Energy Resource Management System Market by End-user
11.6.5.3Brazil Distributed Energy Resource Management System Market by Application
11.6.6Argentina
11.6.6.1 Argentina Distributed Energy Resource Management System Market by Software
11.6.6.2 Argentina Distributed Energy Resource Management System Market by End-user
11.6.6.3 Argentina Distributed Energy Resource Management System Market by Application
11.6.7Rest of Latin America
11.6.7.1 Rest of Latin America Distributed Energy Resource Management System Market by Software
11.6.7.2 Rest of Latin America Distributed Energy Resource Management System Market by End-user
11.6.7.3Rest of Latin America Distributed Energy Resource Management System Market by Application
12 Company Profile
12.1 Autogrid Systems, Inc.
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 General Electric
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 ABB Ltd
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Siemens AG
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Schneider Electric
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Spirae, Inc.
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Enernoc, Inc.
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Open Access Technology International, Inc.
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Enbala Power Networks INC.
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Doosan Gridtech, Inc.(Doosan Heavy Industries & Construction)
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Blue Pillar, Inc.
12.11.1 Market Overview
12.11.2 Financials
12.11.3 Product/Services/Offerings
12.11.4 SWOT Analysis
12.11.5 The SNS View
13 Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. USE Cases And Best Practices
15. Conclusion
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