Distributed Energy Resource Management System Market Size, Share, Trends, Analysis Report And Future Predictions

A report on Distributed Energy Resource Management System Market has been added by Kenneth Research into its market research repository. The report provides an extensive analysis of the market by determining the relationship between the dependent and independent variables through correlation and regression for the forecast period, i.e., 2021 2025. The report on Distributed Energy Resource Management System Market further provides the supply and demand risks associated with the growth of the market, and consists of macro-economic indicators that are contributing to the market growth. The market is thriving on account of the growing trade on fuel worldwide, backed by the rising demand for energy from the end-users.

According to the statistics by the World Bank, exports of fuel increased from 12.91% of merchandise exports in 2001 to 14.25% of merchandise exports in 2018. Additionally, imports of fuel registered a growth by 1.28x between the years 2001 and 2018. In 2001, the import of fuel was 10.30% of merchandise exports whereas in 2018, it was 13.19% of merchandise exports. On the other hand, the increasing focus of the players in the energy and power industry to lower their cost of operations so as to enhance their profitability, is also anticipated to contribute to the market growth.

The natural gas rents, which is defined as the difference between the total cost of production of natural gas and the production value at world prices, decreased significantly from 0.40% of GDP in 2001 to 0.18% of GDP in 2017. Alternatively, the oil rents, which increased from 1.09% of GDP in 2001 to 1.30% of GDP in 2019, portrays the need amongst the players to enhance their focus in reducing the cost of production of oil.

The Global Distributed Energy Resource Management System Market was valued at USD 258.32 million in 2016 and is projected to reach USD 961.99 million by 2025, growing at a CAGR of 15.73% from 2017 to 2025. Distributed Energy Resources are electricity generation units located within an electricity distribution system at or near the end user. Distributed Energy Resources management system (DERMS) keeps the grid balanced and optimized in real-time and maintains reliability and power quality. Benefits of DERMS include – grid reliability, reduce capital expenditure, high performance and scalability, fast response, and real-time control.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Increasing number of distributed energy resources
1.2 Declining cost of solar PV and energy storage
1.3 Rising smart grid and micro grid deployments
1.4 Increasing government mandates and updated policies
1.5 Shift from centralized to distributed generation
2. Market Restraints
2.1 Cybersecurity concerns associated with the energy sector
2.2 Regulatory issues related to different distributed energy resources

Market Segmentation:
The Global Distributed Energy Resource Management System Market is segmented on the software, technology, end user, and region.

1. Software:
1.1 Management & Control
1.2 Virtual Power Plants
1.3 Analytics

2. By Technology:
2.1 Energy Storage
2.2 Combined Heat & Power
2.3 Solar PV
2.4 Wind
2.5 Others

3. By End User:
3.1 Commercial
3.2 Residential
3.3 Military
3.4 Government & Municipalities
3.5 Industrial

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Autogrid Systems, Inc.
2. General Electric
3. Spirae, Inc.
4. Enbala Power Networks, Inc.
5. Sunverge Energy, Inc
6. Enernoc, Inc.
7. ABB Ltd
8. Siemens AG
9. Open Access Technology International, Inc.
10. Schneider Electric
11. Doosan Gridtech, Inc.
12. Blue Pillar, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Distributed Energy Resource Management System Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.

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