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
- Energy Storage
- Combined Heat & Power
On the basis of End-User:
- Government & Municipalities
On the basis of Software:
- Management & Control
- Virtual Power Plants
On the basis of Region:
- North America
- 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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