Distributed Energy Resource Management System Market Size, Share, and Analysis, By Software (Analytics, Management & Control, Virtual Power Plant), By Application (Solar PV, Energy Storage, Wind, Charging Station and Others), By End User (Residential, Commercial, Industrial & Utilities) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
Distributed Energy Resource Management System Market Size, Share, and Analysis, By Software (Analytics, Management & Control, Virtual Power Plant), By Application (Solar PV, Energy Storage, Wind, Charging Station and Others), By End User (Residential, Commercial, Industrial & Utilities) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Distributed Energy Resource Management Systems (DERMS) Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 18% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 541 million and is projected to reach USD 3354.9 million by the completion of 2034.
Distributed Energy Resource Management Systems (DERMS) is an advanced software platform which is specifically designed in order to effectively manage and utilize various different energy resources within a power system. These resources consist of solar panels, battery storage, wind turbines, electric vehicles and other different energy assets. DERMS uses advanced control algorithms, real-time monitoring and communication technologies in order to keep in coordination with operation of different resources, making sure of reliable supply while increasing energy efficiency. DERMS have played an important role in modernizing the grids by enabling more seamless integration of renewable sources and improving gird resilience. By actively managing distributed energy resources, DERMS helps in utilizing balanced supply and demand, reduce any form of peak loads and improve overall ability of system.
MARKET HIGHLIGHTS
Distributed Energy Resource Management System Market is expected to reach USD 3354.9 million, growing at a CAGR of 18% during the forecast period due to the increasing integration of renewable sources and advancements in smart grid technology, while improved grid stability and desire for enhanced energy independence has propelled proper market growth. As the active use of solar, wind and other renewable energies expands, utilities must integrate these variable power sources into grid while maintaining better stability and efficiency. DERMS offers better solution by improving the monitoring, control, and optimization of distributed energy resources. Furthermore, the trend to decentralized energy generation and the increased emphasis on decreasing carbon emissions are pushing up demand for DERMS.
Distributed Energy Resource Management System Market Segments:
Growth Drivers
Government Initiatives Promoting Renewable Energy Integration Has Enhanced the Overall Market Growth and Development
Rising Focus on Energy Security and Resilience has been Positive for the Growth of Distributed Energy Resource Management Systems
Restraint
High Upfront Costs Of Distributed Energy Resource Management Systems Has Negatively Impacted The Overall Development In Market
Key Players
PRODUCT OVERVIEW
Distributed Energy Resource Management Systems (DERMS) Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 18% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 541 million and is projected to reach USD 3354.9 million by the completion of 2034.
Distributed Energy Resource Management Systems (DERMS) is an advanced software platform which is specifically designed in order to effectively manage and utilize various different energy resources within a power system. These resources consist of solar panels, battery storage, wind turbines, electric vehicles and other different energy assets. DERMS uses advanced control algorithms, real-time monitoring and communication technologies in order to keep in coordination with operation of different resources, making sure of reliable supply while increasing energy efficiency. DERMS have played an important role in modernizing the grids by enabling more seamless integration of renewable sources and improving gird resilience. By actively managing distributed energy resources, DERMS helps in utilizing balanced supply and demand, reduce any form of peak loads and improve overall ability of system.
MARKET HIGHLIGHTS
Distributed Energy Resource Management System Market is expected to reach USD 3354.9 million, growing at a CAGR of 18% during the forecast period due to the increasing integration of renewable sources and advancements in smart grid technology, while improved grid stability and desire for enhanced energy independence has propelled proper market growth. As the active use of solar, wind and other renewable energies expands, utilities must integrate these variable power sources into grid while maintaining better stability and efficiency. DERMS offers better solution by improving the monitoring, control, and optimization of distributed energy resources. Furthermore, the trend to decentralized energy generation and the increased emphasis on decreasing carbon emissions are pushing up demand for DERMS.
Distributed Energy Resource Management System Market Segments:
- By Software
- Analytics
- Management & Control
- Virtual Power Plant
- By Application
- Solar PV
- Energy Storage
- Wind
- Charging Station
- Others
- By End User
- Residential
- Commercial
- Industrial & Utilities
Growth Drivers
Government Initiatives Promoting Renewable Energy Integration Has Enhanced the Overall Market Growth and Development
Rising Focus on Energy Security and Resilience has been Positive for the Growth of Distributed Energy Resource Management Systems
Restraint
High Upfront Costs Of Distributed Energy Resource Management Systems Has Negatively Impacted The Overall Development In Market
Key Players
- Itron
- Eaton Corporation
- Siemens AG
- ABB Ltd.
- General Electric Company
- Schneider Electric SE
- Honeywell International Inc.
- Enbala Power Networks
- Engie
- Enel X
- Oracle
- Blue Pillar, Inc.
- AutoGrid Systems, Inc.
- Power Analytics Corporation
- Opus One Solutions
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2.Business Trends
1.3. Distributed Energy Resource Management System Market COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Distributed Energy Resource Management System Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.DISTRIBUTED ENERGY RESOURCE MANAGEMENT SYSTEM MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.DISTRIBUTED ENERGY RESOURCE MANAGEMENT SYSTEM MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. DISTRIBUTED ENERGY RESOURCE MANAGEMENT SYSTEM MARKET SIZE & FORECAST 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Software
11.3.1.1. Analytics
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Management & Control
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Virtual Power Plant
11.3.1.3.1. By Value (USD Million) 2024-2034F
11.3.1.3.2.Market Share (%) 2024-2034F
11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Application
11.3.2.1.Solar PV
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Energy Storage
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Charging Station
11.3.2.3.1.By Value (USD Million) 2024-2034F
11.3.2.3.2. Market Share (%) 2024-2034F
11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Others
11.3.2.4.1.By Value (USD Million) 2024-2034F
11.3.2.4.2. Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By End User
11.3.3.1.Residential
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Commercial
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Industrial & Utilities
11.3.3.3.1.By Value (USD Million) 2024-2034F
11.3.3.3.2. Market Share (%) 2024-2034F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
12.NORTH AMERICA DISTRIBUTED ENERGY RESOURCE MANAGEMENT SYSTEM MARKET SIZE & FORECAST 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Software
12.3.2.By Application
12.3.3.By End User
12.4. Country
12.4.1.United States
12.4.2. Canada
13.EUROPE DISTRIBUTED ENERGY RESOURCE MANAGEMENT SYSTEM MARKET SIZE & FORECAST 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Software
13.3.2.By Application
13.3.3.By End User
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC DISTRIBUTED ENERGY RESOURCE MANAGEMENT SYSTEM MARKET SIZE & FORECAST 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Software
14.3.2. By Application
14.3.3. By End User
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA DISTRIBUTED ENERGY RESOURCE MANAGEMENT SYSTEM MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Software
15.3.2.By Application
15.3.3.By End User
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA DISTRIBUTED ENERGY RESOURCE MANAGEMENT SYSTEM MARKET SIZE & FORECAST 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Software
16.3.2.By Application
16.3.3.By End User
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1.Itron
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Eaton Corporation
18.3. Siemens AG
18.4. ABB Ltd.
18.5. General Electric Company
18.6. Schneider Electric SE
18.7. Honeywell International Inc.
18.8. Enbala Power Networks
18.9. Engie
18.10. Enel X
18.11.Oracle
18.12. Blue Pillar, Inc.
18.13. AutoGrid Systems, Inc.
18.14. Power Analytics Corporation
18.15. Opus One Solutions
18.16. Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
1.1. Regional Market Share
1.2.Business Trends
1.3. Distributed Energy Resource Management System Market COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Distributed Energy Resource Management System Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.DISTRIBUTED ENERGY RESOURCE MANAGEMENT SYSTEM MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.DISTRIBUTED ENERGY RESOURCE MANAGEMENT SYSTEM MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. DISTRIBUTED ENERGY RESOURCE MANAGEMENT SYSTEM MARKET SIZE & FORECAST 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Software
11.3.1.1. Analytics
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Management & Control
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Virtual Power Plant
11.3.1.3.1. By Value (USD Million) 2024-2034F
11.3.1.3.2.Market Share (%) 2024-2034F
11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Application
11.3.2.1.Solar PV
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Energy Storage
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Charging Station
11.3.2.3.1.By Value (USD Million) 2024-2034F
11.3.2.3.2. Market Share (%) 2024-2034F
11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Others
11.3.2.4.1.By Value (USD Million) 2024-2034F
11.3.2.4.2. Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By End User
11.3.3.1.Residential
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Commercial
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Industrial & Utilities
11.3.3.3.1.By Value (USD Million) 2024-2034F
11.3.3.3.2. Market Share (%) 2024-2034F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
12.NORTH AMERICA DISTRIBUTED ENERGY RESOURCE MANAGEMENT SYSTEM MARKET SIZE & FORECAST 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Software
12.3.2.By Application
12.3.3.By End User
12.4. Country
12.4.1.United States
12.4.2. Canada
13.EUROPE DISTRIBUTED ENERGY RESOURCE MANAGEMENT SYSTEM MARKET SIZE & FORECAST 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Software
13.3.2.By Application
13.3.3.By End User
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC DISTRIBUTED ENERGY RESOURCE MANAGEMENT SYSTEM MARKET SIZE & FORECAST 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Software
14.3.2. By Application
14.3.3. By End User
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA DISTRIBUTED ENERGY RESOURCE MANAGEMENT SYSTEM MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Software
15.3.2.By Application
15.3.3.By End User
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA DISTRIBUTED ENERGY RESOURCE MANAGEMENT SYSTEM MARKET SIZE & FORECAST 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Software
16.3.2.By Application
16.3.3.By End User
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1.Itron
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Eaton Corporation
18.3. Siemens AG
18.4. ABB Ltd.
18.5. General Electric Company
18.6. Schneider Electric SE
18.7. Honeywell International Inc.
18.8. Enbala Power Networks
18.9. Engie
18.10. Enel X
18.11.Oracle
18.12. Blue Pillar, Inc.
18.13. AutoGrid Systems, Inc.
18.14. Power Analytics Corporation
18.15. Opus One Solutions
18.16. Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
