Distributed Energy Resources Management System (DERMS) Market Size Share 2023-2030

Distributed Energy Resources Management System (DERMS) market Overview

Global Distributed Energy Resources Management System (DERMS) Market Soars to US$ 359.7 Million in 2022, Expected to Reach US$ 1,100.0 Million by 2030, Revolutionary Growth Projected with a CAGR of 15.0% during 2023-2030

The global Distributed Energy Resources Management System (DERMS) market exhibited remarkable growth, reaching US$ 359.7 million in 2022, with forecasts indicating a substantial expansion to US$ 1,100.0 million by 2030. This trajectory represents a robust Compound Annual Growth Rate (CAGR) of 15.0% during the forecast period of 2023-2030.

The surge in the adoption of renewable energy sources is identified as a primary catalyst propelling the growth of the global DERMS market. The increasing popularity of consumer solar power and privately-owned distributed energy resources has transformed the power supply landscape. Managing the balance between supply and demand has become more intricate for grid operators and asset managers due to the off-grid nature of these edge devices.

DERMS emerges as a solution empowering grid operators to smooth out fluctuations across the network, enhancing the regulation of energy output, predicting electricity prices, and bolstering power distribution reliability.

Asia-Pacific to Spearhead Growth

The Asia-Pacific region is anticipated to experience the fastest growth, boasting a CAGR of 16.9% during the forecast period. The region's focus on distributed energy resources (DER) applications, encompassing storage, solar, EV charging infrastructure, and the hydrogen economy, is poised to accelerate the energy transition towards net-zero emissions. This creates lucrative growth prospects for DERMS in the Asia-Pacific region.

Distributed Energy Resources Management System Market Scope Metrics

CAGR: 15.0%

Size Available for Years: 2021-2030

Forecast Period: 2023-2030

Data Availability: Value (US$)

Segments Covered: Technology, End-User, and Region

Regions Covered: North America, Europe, Asia-Pacific, South America, and Middle East & Africa

Fastest Growing Region: Asia-Pacific

Largest Region: North America

Report Insights Covered: Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Equipment Type Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other Key Insights.

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Distributed Energy Resources Management System Market Dynamics

Rising Investment in Distributed Energy Resources

Consumers and regional power distribution companies show heightened interest in the expanding deployment of distributed energy resources. The DER market, built on a foundation of DERs, offers users the ability to produce, use, and store electricity through diverse technological categories.

DERMS, gaining popularity, efficiently manages the growing usage of DERs, providing operators with insights to enhance customer interface and asset synchronization. Notable market players, recognizing the importance of grid flexibility, are opting for DERMS to mitigate challenges associated with improperly dispersed generation technologies.

Growing Environmental and Sustainability Awareness

Increasing awareness of the environmental hazards associated with fossil fuels is driving a shift towards alternative renewable energy sources. Campaigns like divesting from fossil fuels are gaining traction, contributing to a larger adoption of sustainability technologies such as Distributed Energy Resources Management Systems (DERMS) over the medium and long term.

Stringency of Regulations Related to Distributed Energy Resources

Regulatory restrictions on DER may pose challenges to the expansion of the DERMS industry. Existing Federal Energy Regulatory Commission (FERC) guidelines in the U.S. limit most DER providers from participating in regulated wholesale markets. Governments are gradually introducing new regulations to overcome market limitations, but current regulations may impede global market growth in the short and medium term.

Distributed Energy Resources Management System Market Segmentation Analysis

The global DERMS market is segmented based on technology, end-user, and region. The industrial manufacturing sector is expected to drive more than half of the global market, utilizing DERMS to enhance grid efficiency and reliability.

• Distributed Energy Resources Management System Market Geographical Share
• Growing Integration of Renewable Energy into the Grid Propels North American Market Growth

North America accounts for over a third of the global market, with projections indicating that DER capacity additions will surpass new centralized generation capacity additions. Utilities and grid operators in the region are keen to integrate DERMS into their infrastructure, unlocking growth opportunities.

The U.S. distributed energy resource market is poised for transformation, with DERMS playing a pivotal role in managing rooftop residential battery storage, solar, wind, and electric vehicles.

By 2025, the combined DER capacity from various sources will exceed reliability requirements, showcasing the latent potential of DERs to shape load and integrate renewables into the grid.

Major Key Players

Leading global players in the DERMS market include SIEMENS AG, Schneider Electric, ABB Ltd., General Electric, Spirae, Inc, Generac Grid Services, HITACHI, LTD., MITSUBISHI ELECTRIC CORPORATION, Engie, and Yokogawa Electric Corporation.

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