Global Distributed Energy Resource Management System Market is accounted for $198.07 million in 2021 and is expected to reach $726.45 million by 2028 growing at a CAGR of 20.4% during the forecast period. A distributed energy resource management system (DERMS) allows utilities to manage distribution grids with a variety of connected distributed energy generation (DEG) assets and capitalizes on the benefits from the distributed resources including behind-the-meter and larger utility-grade resources. They play a crucial role in catering to the rising energy demand.
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By geography, Asia Pacific is projected to hold the largest market share due to growing demand of renewable energy resources in developing countries such as India and China and the region is driven mostly by the increasing electricity consumption and the need to upgrade aging infrastructure. Countries in this region are shifting toward energy efficiency in residential buildings to meet the growing energy demands.
Some of the key players profiled in the Distributed Energy Resource Management System Market include Schneider Electric, Emerson, General Electric, ABB, Siemens, Oracle, Mitsubishi Electric Corporation, Advanced Control Systems, PXiSE Energy Solutions, LLC, Open Access Technology International, Inc. , Sunverge Energy Inc and EnerNOC, Inc.
Components Covered in Distributed Energy Resource Management System Market
• Services
• Software
Applications Covered:
• Hybrid Systems
• Biomass
• Energy Storage/Uninterruptible Power Source (UPS) Systems
• Internal Combustion Engines
• Fuel Cells
• Stirling Engines
• Electric Vehicles (EV) Charging Stations
• Combined Heat & Power Generation Systems
• Geothermal Power
• Wind Generation Units
• Micro Turbines & Microgrids
• Biogas
• Solar Photovoltaic (PV) Units
End Users Covered:
• Government and Municipalities
• Commercial
• Defense
• Residential
• Industrial
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