The global Distributed Energy Resource management market is expected to grow at ~16.50% CAGR during the forecast period. Global Distributed Energy Resource management market is expected to witness a high growth during the forecast period due to increasing share of renewable power generation as well as growing government mandates and updated policies. Moreover, the modern grid is facing lot of evolutionary changes with regards to the adoption of more and more distributed energy resources. Increasing dependence on renewable energy resources is resulting into increasing complexity in the grid network. In order to minimize this complexity, electric utility operators are focusing on adopting a foolproof system which would help to manage these Many major companies around the globe are focusing on updating their offering with adding DERMS. For instance, General Electric has invested in Enbala through GE energy ventures has also been committed to offer DERMS with collaborating with DUKE Energy’s Coalition of the Willing and Nice Grid Project. All these factors are likely to drive the market for Distributed Energy Resource management.
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Distributed energy resource management (DERMS) is the management of distribution grid which is integrated with distributed energy resources (DERs). In order to tackle the current challenges related to distribution grid, electric utilities need new set of tools to manage highly penetrated DERs. These tools are a combination of different hardware and software that are integrated together in order to manage these resources properly. DERMS is a module which manages the DERs and traditional distribution assets such as capacitor banks, voltage regulators, and tap changers. This management system increases the grid reliability and performance of the DERs by significantly reducing the voltage excursions and maintain higher network stability. Hence, DERMS manages to significantly increase network hosting capacity for DERs and achieve regulatory targets for renewable generation with minimal investment in network capacity.
Global distributed energy resource management market has been segmented based on technology, software, end-user, and region.
Based on technology, the market has been classified into solar PV, wind, combined heat & power, and others. Wind segment dominates the market as many offshore turbines are being installed for catering to increasing energy demand.
Moreover, wind energy in Europe will witness a growth of an average of 16.5 GW per year till 2022. Every large turbine would contribute to drive this growth with 4 MW+ and 8 MW+ now becoming the new norm in onshore as well as offshore wind respectively.
The key players of global Distributed Energy Resource management market are ABB Ltd, Autogrid Systems, Inc., Siemens AG, General Electric, Open Access Technology International, Inc., Spirae, Inc., Schneider Electric, Enbala Power Networks, Inc., Doosan Gridtech, Inc, Blue Pillar, Inc., and Enernoc, Inc., among others.
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
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