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Distributed Energy Resources are electricity-producing resources or controllable loads connected to a local distribution system or a host facility within the local distribution system. One of the most significant improvements to electrical systems around the world has been the rapid spread of distributed energy resources. DERs include energy storage, CHP plants, solar panels, small natural gas-powered generators, electric vehicles, and controllable loads such as HVAC systems and electric water heaters. The market for distributed energy resource management systems is segmented based on technology, application, and region.
Distributed Energy Resource Management System Market Report Scope and Research Methodology:
The main aim of the Distributed Energy Resource Management System Market report is to provide a comprehensive analysis of the market to the stakeholders in easy language. Market research has been done by dividing the Distributed Energy Resource Management System market into major segments. These main segments of the Distributed Energy Resource Management System Market were further divided into various sub-segments. A detailed analysis of drivers, opportunities, restraints, and challenges in the Distributed Energy Resource Management System industry has been provided region-wise and segment-wise in the report. The market report presents an in-depth analysis of the Distributed Energy Resource Management System Market including historical data, meaningful insights, facts, and statistically supported and industry-validated market statistics with estimates based on an appropriate set of assumptions and methodologies.
The primary and secondary research methods were used to collect the data for the Distributed Energy Resource Management System market report and the data collected for the report was combined and analysed to get accurate and error-free findings. The secondary research includes a review of annual and financial reports of leading players, while primary research includes interviews with important opinion leaders and Distributed Energy Resource Management System industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. To estimate the Distributed Energy Resource Management System market size, the bottom-up approach was employed. SWOT analysis was employed to provide the strengths and weaknesses of the Distributed Energy Resource Management System Market with the PESTLE and PORTER analysis to provide the effects of macroeconomic and microeconomic factors on the Distributed Energy Resource Management System Market.
Distributed Energy Resource Management System Market Report Overview:
The report covers the Distributed Energy Resource Management System Market's most recent revenue and trends. It includes Distributed Energy Resource Management System Market overview, definition, structure, and preventative and pre-planned management. The report focuses on the factors that affect the Distributed Energy Resource Management System Market positively and negatively. It also aids in determining the future potential of the Distributed Energy Resource Management System Market in the forecast years. The report aids in making decisions about how to approach the market and comprehending the Distributed Energy Resource Management System industry's backdrop.
Distributed Energy Resource Management System Market size was valued at US$ 223.8 Mn. in 2020. Global Distributed Energy Resource Management System Market is estimated to grow at a CAGR of 20.4% over the forecast period.
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Distributed Energy Resource Management System Market Dynamics:
Renewable energy is a naturally replenishable source of energy. Countries across the globe are focusing on renewable energy generation to decarbonize the power distribution system and protect the environment. Annual renewable capacity additions are expected to reach approximately 274 GW in 2020, representing the fastest year-over-year growth since 1999. Despite the significant impact of pandemics on the global supply chain, renewable capacity additions in 2020 increased by more than 43% over 2019. The increase in global wind capacity installations prompted the expansion. This unprecedented surge was fueled by a 23% increase in new solar PV installations by 2020, to around 128 GW.
Distributed Energy Resource Management System Market Segmentation:
The Distributed Energy Resource Management System Market is divided into Wind turbines, Solar Photovoltaic, Reciprocating Engines, Fuel Cells, and Gas & Steam turbines. The Solar Photovoltaic segment is expected to grow at a CAGR of 21.9% during the forecast period. During grid outages caused by severe weather or other emergencies, distributed solar photovoltaic (PV) systems can provide electricity. As a result, distributed PV can significantly improve the energy grid's robustness. To capitalize on this potential, PV systems are designed with resiliency and integrated with other technologies such as energy storage and auxiliary generation. These factors are expected to drive segment growth throughout the forecast period.
By Application, the Distributed Energy Resource Management System Market is segmented into Residential, Commercial, and Industrial. In 2020, the Residential segment held 48.3% of the market. Energy consumption in the residential sector includes all energy consumed by households, excluding transportation energy. Heating, cooling, lights, water heating, and consumer products all use energy. The installation of a household distributed energy resource system has a high initial cost.
During the forecast period, the Industrial segment is expected to grow at a CAGR of 20.3%. The increased demand for power in the industrial sector, as well as the need to effectively utilize that power, are driving the growth of this segment.
Distributed Energy Resource Management System Market Key Players:
ABB Ltd. (Switzerland)
Autogrid Systems, Inc. (United States)
Spirae Inc. (United States)
Enbala Power Networks INC. (United States)
Enernoc Inc. (United States)
Open Access Technology International Inc. (United States)
Doosan Gridtech (United States)
Blue Pillar (United States)
Siemens (Germany)
Schneider Electric (France)
General Electric (US)
Emerson (US)
Distributed Energy Resource Management System Market Regional Insights:
Geographically, the report is segmented into several key countries, with Distributed Energy Resource Management System market size, growth rate, import and export of Distributed Energy Resource Management System market in these countries, which cover North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa.
Key Questions answered in the Distributed Energy Resource Management System Market Report are:
Key Offerings:
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