Power & Energy

Global Distributed Energy Resource Management Market

January 19, 2022
ID: SR/PE-14
Format:Pdf
Pages:220

Global Distributed Energy Resource Management Market, By Application (Solar PV, Wind, Energy Storage, CHP, EV Charging), By Software (Analytics, Management & Control, VPP), By End-User (Industrial, Commercial, Residential), and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2027.

Description

The global distributed energy resource management system (DERMS) market was valued at USD 167.29 million in 2020 and is expected to reach USD 605.50 million with a CAGR of 18.40 % during the forecast period 2021-2027. The fast-growing number of distributed energy resources, shift from centralized to distributed generation, and the declining cost of solar PV and energy storage is expected to drive the distributed energy resource management system market over the forecasted period. People are becoming keener for clean energy or green energy renewables, such as solar, biomass, and wind & tide energy, drive the market demand. Moreover, conventional energy generation sources, such as fossil fuels, coal and natural gas, substantially reduce carbon emissions. Fossil fuels are increasingly being put back by renewable sources, such as wind energy and solar energy.

What is Distributed Energy Resource Management System?

The Distributed Energy Resource Management System is also known as a state-of-the-art system that seamlessly integrates high penetration of solar energy and different distributed energy resources into the grid. When they are properly deployed, their capabilities give so many positive impacts to businesses and their customers. It is made of a suite of software management tools that enable distribution service and wire operators to handle an array of distributed energy resource systems & thereby contribute to a near-real-time saving of grid assets. It is also explained as a control system that grants optimized control of the grid and distributed energy resources, including capabilities like power quality management, Volt/VAR optimization (VVO), and the coordination of DER dispatch to support operational needs. Distributed Energy Resource Management System Market practices a real-time communications infrastructure to control, coordinate, and manage distributed energy assets fixed to the utility at the local level. These assets come with smart inverters to more traditional utility control equipment.

Growth Drivers

The increased share of Distributed Energy Resource

The increasing share of distributed energy resources and the growing need for efficient energy resource systems are key factors for market growth in the global distributed energy resource management system. The growing penetration of renewable energy power sources and the rapid shift from centralized to distributed generation are other major factors driving the global market growth over the upcoming years. Furthermore, the growing insistence for distributed energy resource management systems among residential & industrial customers is further estimated to drive the growth.

Paradigm change in energy generation for green technology

The paradigm changes in energy generation towards green technology and increased government instructions for renewable power generation are major factors for the market growth in the coming years. The growing demand for distributed energy resource management systems in emerging economies such as India, China, Indonesia, Brazil, and others is further estimated to drive the global market growth over the forecast period. However, cyber security issues related to the energy sector are estimated to hamper the market growth over the upcoming years.

Opportunities

The distributed energy resource management systems Increasing investments for modernizing aging grid infrastructures in the coming years. Increased investments in the digitalization of the grid by implementing advanced communication technologies will fuel the distributed energy resource management system market growth. Over the next few decades, China plans to invest USD 6 trillion in infrastructure as part of its urbanization development plan. The government initiative to promote distributed energy resource management systems augments the market’s global growth. There are also technical dares facing the installation of DERMS by utilities and grid operators.

Restraints

The higher initial installation cost of distributed energy resource management system also the initial phase of the DERMS is capital intensive. The role of the local and national governments is vital in transforming infrastructures. The technology requires huge investment initially to set up the transmission network among the end-users and the smart grid. Furthermore, a suitable deployment requires strong coordination across customary organizational boundaries, significant process change, and attentive governance.

Pre Covid-19 impact on the global Distributed Energy Resource Management system market

The ongoing COVID-19 pandemic has impacted the power industry globally. Due to the current situation, some other device manufacturing companies across regions have to close their manufacturing facilities and services as countries have implemented partial or full lockdown ideas to deal with the pandemic. The electricity demand has been less significant due to the pre impacts of the COVID-19 pandemic, through electricity use in residential buildings has increased. However, governments worldwide were compelled to reduce the business activities to minimize the threat of coronavirus. The decline in business activities has further negatively impacted distributed energy resource management system solutions in the short term.

Covid-19 impact on the global Distributed Energy Resource Management system market

Most industries globally have been negatively affected over the last 18 months. This can be attributed to the major disruptions experienced by their respective manufacturing and supply-chain operations due to various precautionary lockdowns and other precautions enforced by governing authorities across the globe. The same applies to the global distributed energy resource management system market.

Moreover, consumer demand has also subsequently become less as individuals are now keener on overcoming non-essential expenses from their separate budgets as the general economic status of most people has been severely pretentious by this outbreak. These elements, as mentioned earlier, are expected to increase the revenue trajectory of the global Distributed Energy Resource Management System Market over the forecast timeline.

Post Covid-19 impact on the globally Distributed Energy Resource Management system market

The current COVID-19 pandemic has had a global impact on the power industry. As the outcome of the current situation, different device manufacturing companies throughout regions have been forced to shut down their manufacturing facilities and service as countries implemented partial or full lockdown strategies to deal with the pandemic. The COVID-19 pandemic has cut electricity consumption dramatically. Although residential building electricity use has increased, governments worldwide were forced to restrict commercial activity to limit the threat of coronavirus.

By Application Segmental Analysis

The global distributed energy resource management system market is divided into Solar PV, Wind, Energy Storage, CHP, EV Charging based on the application. The Solar PV segment will witness a higher growth rate than the wired segment from 2020-2027. The growing need to produce energy using renewable sources, supporting government mandates and renewable energy policies, and increasing investment in distributed energy resources with a strong focus on decarbonization drive the distributed energy resource management system market. The rapid investment in the Solar PV by the regulatory bodies to increase the consumption of Solar PV by the users to increase the market growth.

By Software Segmental Analysis

Based on the software, the market is segmented into analytics, management & control, and VVP. The slow down in the world economic growth, the Distributed Energy Resource Management System industry has also faced a certain impact, but still maintained a relatively optimistic growth, the past four years, distributed Energy Resource Management System market size to keep the average annual growth rate, analytics believe that in the next few years, DERMS market is rise at a considerable rate during the forecasted period, by 2027.

By End User Type Segmental Analysis

The market is segmented into industrial, commercial, and residential. The industrial segment is expected to grow fast during the forecast period. The industrial segment is projected to contain the largest market size during the forecast period. This segment’s growth consists of the rising demand for power in the industrial sector and the need for effectively utilizing the power. Thus, increasing demand in the industry is driving the distributed energy resource management system market.

Region Segmental Analysis

The globally distributed energy resource management system market is characterized by North America, Asia Pacific, Europe, Middle. East, & Africa, South America. North America has the largest share in the globally distributed energy resource management system market, driven by the massive increase in demand for electricity in North America. Hence, there is an increase in investment for distributed energy resource management systems to overcome such challenges.

Competitor Analysis

Companies including ABB (Switzerland),Schneider Electric (France), and Siemens (Germany), General Electric (US), Engie (France), Itron (US), Emerson (US), Advanced Control Systems (US), Oracle (US), Generac (US), SPIRAE (US), Connected Energy (US), Energy Hub (US), Mitsubishi Electric Corporation (Japan), Viridity Energy (US), AutoGrid System (US), Opus One Solution (US), Doosan Heavy Industries & Construction (Korea), Blue Pillar(US), Kitu System(US), mpreset (Israel), PXISE Energy Solutions, LLC(US), Enel are the prominent key players in the global distributed energy resource management system market.

Key Stakeholders

Local governments
Regulatory bodies
suppliers
Retailers
Market research and consulting firms

Recent developments

In May 2020, GE Digital developed a renewed version of its DER Orchestration 2.0 software that gives operators the requisite tools and intelligence to recognize developing situations, move quickly and decisively, and orchestrate flexibility over the grid for both utility and non-utility DERs.
In November 2019, Schneider Electric launched Eco Structure DERMS that gives centralized analysis and dominance of all DERs, regardless of ownership entity, to give its worth to the grid and all energy stakeholders.
In September 2019, ABB merged with the US technology supplier Humless on a domestic energy storage system (ESS) with solar management. The universal 10/4 residential storage system adds the 48 V Universal Energy Management (UEM) solution from Humless with ABB’s UNO-DM-TL-PLUS line of residential inverters.

Scope of the Report

Report Attribute	Details
Market Size Value in 2020	USD 167.29 Billion
The revenue forecast in 2027	USD 605.50 Billion
Growth Rate	CAGR of 18.40 % from 2020 to 2027.
Historical data	2017-2019
Forecast period	2021 – 2027
Region covered	America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	ABB (Switzerland),Schneider Electric (France), and Siemens (Germany), General Electric (US), Engie (France), Itron (US), Emerson (US), Advanced Control Systems (US), Oracle (US), Generac (US), SPIRAE (US), Connected Energy (US), Energy Hub (US), Mitsubishi Electric Corporation (Japan), Viridity Energy (US), AutoGrid System (US), Opus One Solution (US), Doosan Heavy Industries & Construction (Korea), Blue Pillar(US), Kitu System(US), mPreset (Israel), PXISE Energy Solutions, LLC(US), Enel

Market Modelling

By Application

Solar PV
Wind
Energy Storage
CHP
EV Charging

By Software Type

Analytics
Management & Control
VVP

By End-User

Industrial
Commercial
Residential

By Region

North America
Europe
Asia Pacific
South America
Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is the distributed energy resource management system?

The Distributed Energy Resource Management System is also known as a state-of-the-art system that seamlessly integrates high penetration of solar energy and several distributed energy resources into the grid. When they are correctly deployed, their capabilities give multiple benefits to businesses and their customers.

What is the growth rate of the distributed energy resource management system market?

The distributed energy resource management system market was valued at USD167.29 Billion in 2020 and is projected to reach USD 605.50 Billion by 2027, growing at a CAGR of 18.40 % during the forecast period, 2019-2027.

What are the driving factors for the global distributed energy resource management system market?

The rising need to produce energy using renewable sources, coupled with supporting government mandates and renewable energy policies, is the main key driving factor of the DERMs market.

Which region is expected to have the largest share in the global distributed energy resource management system market?

North America region is expected to dominate the global distributed energy resource management system market.

Who are the major players in the global distributed energy resource management system market?

Companies including ABB (Switzerland),Schneider Electric (France), and Siemens (Germany), General Electric (US), Engie (France), Itron (US), Emerson (US), Advanced Control Systems (US), Oracle (US), Generac (US), SPIRAE (US), Connected Energy (US), Energy Hub (US), Mitsubishi Electric Corporation (Japan), Viridity Energy (US), AutoGrid System (US), Opus One Solution (US), Doosan Heavy Industries & Construction (Korea), Blue Pillar(US), Kitu System(US), mPreset (Israel), PXISE Energy Solutions, LLC(US), Enel are the prominent key players in the global distributed energy resource management system market.

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