Distributed Energy Resource Management System Market Share & Size 2028F

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 0.38 Billion
Fastest Growing Segment	Industrial
CAGR (2023-2028)	15.48%
Largest Market	North America

Global Distributed Energy Resource Management System market is expected to grow at a 15.48% CAGR in the forecast period, 2024-2028, owing to rising demand for effective energy management systems, which aid in preserving grid dependability and flexibility of the distributed energy source. Moreover, rising adoption of intermittent and erratic renewable energy sources, along with the increasing use of blockchain-based solutions, cloud-based solutions, and the attention being paid to cybersecurity, are factors driving the global distributed energy resource management system market.

Distributed Energy Resource Management Systems (DERMS) is a software programme, used to manage and regulate various Distributed Energy Resources (DERs). DERMS refers to a broad integration system or a variety of unique use cases. Many different energy sources, including solar, wind, and battery storage, are included in these DERs.

DERMS enable better grid management and lower levels of electricity waste. For both the user and the utility providers, DERMS boost efficiency and dependability. To meet particular use case scenarios, utility providers can have large number of DERMS and also helps in reducing consumers’ carbon footprints.

Over the upcoming years, the market for distributed energy resource management systems
(DERMS) is anticipated to be driven by an increase in distributed energy resources, a change from centralized to distributed generation, and falling solar PV & energy storage costs. Grid modernization, energy transition, supportive policies, and the need for efficient energy management are driving the adoption of DERMS. DERMS enable the integration, control, and optimization of DERs, ensuring grid stability and facilitating the transition to a low-carbon energy system. They also support energy efficiency and demand response efforts. With the rise of renewable energy and the need for grid flexibility, DERMS play a crucial role in managing the complexities of a decentralized energy landscape.

The top companies in the global Distributed Energy Resource Management System (DERMS) market are offering DERMS solutions with advanced distributed energy resources (DERs) management and control capabilities such as storage, solar, and other renewable sources, demand response, grid optimization, and preventive maintenance. The top companies operating in the market are helping clients to reduce their electricity bills, identify outages, and cut their carbon footprint. These companies are also collaborating with local utilities on the deployment of DERMS, further driving the market growth.

Effective Implementation of Smart Grid Technology By the Government

There is a continuous and extensive expansion of smart grids, globally, making them a key component of national energy strategies. Energy policies in these nations prioritize efficiency enhancement and CO2 emission reduction. To expedite the replacement of outdated grid structures, governments are spending significantly in the smart grid industry. For instance, the U.S. Trade and Development Agency granted the Régie Autonome de Distribution d'Eau et d'Electricité de Marrakech (RADEEMA), the city's electricity and water utility in July 2022, to study the conversion of Marrakech's power infrastructure into a smart grid that would serve as a model for other Moroccan cities. Additionally, the United States government passed a new Infrastructure Investment and Jobs Act in November 2021, under which the nation made numerous significant investments for the construction of smart and distribution grids. One such investment was of USD3 million under Smart Grid Investment Matching Grant Program. Thus, the rising investments for smart grid technology are expected to drive the growth of global distributed energy resource management system market, for the upcoming years.

Increased EV Production to Boost Global Distributed Energy Resource Management System Market

The demand for electric vehicles has expanded globally due to the growing responsibility for environmental protection through sustainable development. According to the International Energy Agency (IEA), around 10 million Electric Vehicles (EVs) were sold in 2022 and the numbers are projected to reach 14 million in sales by the end of 2023, with a rise of 14%. Moreover, in 2021, EVs accounted for about 10% of all car sales worldwide, up from 4% in 2019. The price ranges of EVs are falling as a result of technological advancements going on in the market, leading to the growth in the demand for electric vehicle market. Moreover, governments from several countries have backed electric vehicles and implemented the necessary regulations to hasten the switch to zero-emission automobiles. These factors are expected to drive the market growth of global distributed energy resource management system market.

Growth Opportunities by Increasing Demand Response Management Software

There is a large demand for items such as electronics, construction materials, transportation equipment, medical supplies, etc. due to fast-growing population that increases the need for manufacturing activities across numerous industries. This is due to the constantly changing industrial landscape and growing urbanization. In addition, massive consumption and rising digitization have also raised the demand for raw materials, industrial capacity, and output. The industrial environment all around the world occasionally encounters high peak load conditions to meet power demands. Due to the significant need for demand response management software and systems as well as the rising development of intelligent infrastructures and higher power consumption, these factors are expected to drive the market.

Additionally, the International Energy Agency (IEA) claims that rapid development in demand-response management is necessary in order to achieve net-zero emissions targets. The ongoing expansion of renewable energy projects would require 500 GW of response capacity, by 2030. Moreover, over the next ten years, many countries, including Canada, Singapore, the European Union countries, and China, are expected to announce renewable energy targets and infrastructure development programmes for EV charging stations, significantly increasing the need for distributed energy resource management system market, globally.

Increasing Spending on Updating Deteriorating Grid Infrastructure

The market for global distributed energy resource management systems (DERMS) is expected to experience significant expansion, due to increased investments in grid digitalization and the adoption of advanced communication technologies. This trend is exemplified by China's plan to invest USD6 trillion in infrastructure over the next decade as part of its urban development plan. Additionally, the estimated value of corporate and public investments in the UK for infrastructure urbanization amounts to USD375 billion. Consequently, these investments are anticipated to drive the growth of the global DERMS market.

IoT-Related Cybersecurity Risks are Expected to Hinder Market Growth

The Internet of things (IoT), automated control, energy storage, and demand management, are all used in distributed energy resource management systems. The system data is gathered for analysis. Cyberattacks and data breaches present a risk of data breaching. For instance, NPower, a gas and electricity provider, permanently removed their mobile app in February 2021, after hackers utilized it to access the personal data of their clients. Customers were vulnerable to fraud since the attackers gained access to their accounts using login information. The high expenditure on cybersecurity and data breach protection raises the price of management systems. Thus, adoption of distributed energy resource management is hampered by high cost, which results in the slow expansion of the market expansion.

Download Free Sample Report

Latest Developments Fueling the Market Growth

EnergyHub, a DERMS provider, achieved a significant milestone in 2022, by managing over one million distributed energy resources (DERs), including smart thermostats, electric vehicles (EVs), energy storage systems, and more. With collaborations with over 60 utility clients in North America and numerous device partners, EnergyHub enables the creation of DER-based Virtual Power Plants (VPPs) in 2022 that play a crucial role in maintaining grid reliability and expediting the decarbonization process.
Opus One Solutions Energy Corporation, a Canadian software provider assisting electric utilities in optimizing their energy planning and operations, was acquired by GE Digital in 2021. This acquisition allows companies to benefit from Opus One's expertise in renewable energy planning and GE Digital's portfolio in network management and optimization, facilitating the integration of renewables and distributed energy resources (DERs) into the electric grid.
Generac Grid Services, a division of Generac Power Systems specializing in energy technology solutions, secured a multi-year contract in August 2022 with Arizona Public Service (APS), to provide additional grid capacity through home battery storage systems. Generac Grid Services will utilize their Concerto Distributed Energy Resource Management System (DERMS) to deliver the required capacity and advanced grid services (AGS) such as voltage management, real power orchestration, fleet energy control, and targeted responses.

Market Segmentation

The Global Distributed Energy Resource Management System Market is segmented based on software, application, end-user, and region. Based on software, the market is divided into virtual power plant, management & control, and analytics. Based on application, the market is fragmented into solar PV, energy storage, wind, EV charging stations, and others. Based on end-user, the market is bifurcated into residential, commercial, and industrial. Based on region, the market is further divided into North America, Asia-Pacific, Europe, South America, and Middle East & Africa.

Market players

The main market players in the Global Distributed Energy Resource Management System Market are General Electric Company, Siemens AG, ABB Ltd, Schneider Electric SE, Engie SA, AutoGrid Systems Inc., Doosan Corporation, Open Access Technology International Inc., Mitsubishi Electric Corporation, Emerson Electric Co.

Attribute	Details
Base Year	2022
Historic Data	2018– 2022
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million and CAGR for 2018-2022 and 2023-2028
Report coverage	Revenue forecast, company share, growth factors, and trends
Segments Covered	Software Application End-User Region
Regional scope	North America, Asia-Pacific, Europe, South America, Middle East & Africa
Country scope	United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Germany, United Kingdom, France, Italy, Spain, Brazil, Argentina, Colombia, Saudi Arabia, South Africa, UAE
Key companies profiled	General Electric Company, Siemens AG, ABB Ltd, Schneider Electric SE, Engie SA, AutoGrid Systems Inc., Doosan Corporation, Open Access Technology International Inc., Mitsubishi Electric Corporation, Emerson Electric Co.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Global Distributed Energy Resource Management System market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Distributed Energy Resource Management System Market, By Software:

o Virtual Power Plant

o Management & Control

o Analytics

Distributed Energy Resource Management System Market, By Application:

o Solar PV

o Energy Storage

o Wind

o EV Charging Stations

o Others

Distributed Energy Resource Management System Market, By End-User:

o Residential

o Commercial

o Industrial

Distributed Energy Resource Management System Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Asia-Pacific

§ India

§ Japan

§ South Korea

§ Australia

§ China

o Europe

§ Germany

§ United Kingdom

§ France

§ Italy

§ Spain

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East

§ Saudi Arabia

§ South Africa

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global distributed energy resource management system market.

Available Customizations:

Global Distributed Energy Resource Management System market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to ten).

The Global Distributed Energy Resource Management System Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

2.1. Baseline Methodology

2.2. Key Industry Partners

2.3. Major Association and Secondary Sources

2.4. Forecasting Methodology

2.5. Data Triangulation & Validation

2.6. Assumptions and Limitations

3. Executive Summary

4. Voice of Customers

5. Global Distributed Energy Resource Management System Market

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Software (Virtual Power Plant, Management & Control and Analytics)

5.2.2. By Application (Solar PV, Energy Storage, Wind, EV Charging Stations and Others)

5.2.3. By End-User (Residential, Commercial and Industrial)

5.2.4. By Region

5.3. By Company (2022)

5.4. Market Map

6. North America Distributed Energy Resource Management System Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Software

6.2.2. By Application

6.2.3. By End-User

6.2.4. By Country

6.3. North America: Country Analysis

6.3.1. United States Distributed Energy Resource Management System Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Software

6.3.1.2.2. By Application

6.3.1.2.3. By End-User

6.3.2. Canada Distributed Energy Resource Management System Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Software

6.3.2.2.2. By Application

6.3.2.2.3. By End-User

6.3.3. Mexico Distributed Energy Resource Management System Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Software

6.3.3.2.2. By Application

6.3.3.2.3. By End-User

7. Asia-Pacific Distributed Energy Resource Management System Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Software

7.2.2. By Application

7.2.3. By End-User

7.2.4. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Distributed Energy Resource Management System Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Software

7.3.1.2.2. By Application

7.3.1.2.3. By End-User

7.3.2. India Distributed Energy Resource Management System Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Software

7.3.2.2.2. By Application

7.3.2.2.3. By End-User

7.3.3. Japan Distributed Energy Resource Management System Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Software

7.3.3.2.2. By Application

7.3.3.2.3. By End-User

7.3.4. South Korea Distributed Energy Resource Management System Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Software

7.3.4.2.2. By Application

7.3.4.2.3. By End-User

7.3.5. Australia Distributed Energy Resource Management System Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Software

7.3.5.2.2. By Application

7.3.5.2.3. By End-User

8. Europe Distributed Energy Resource Management System Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Software

8.2.2. By Application

8.2.3. By End-User

8.2.4. By Country

8.3. Europe: Country Analysis

8.3.1. Germany Distributed Energy Resource Management System Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Software

8.3.1.2.2. By Application

8.3.1.2.3. By End-User

8.3.2. United Kingdom Distributed Energy Resource Management System Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Software

8.3.2.2.2. By Application

8.3.2.2.3. By End-User

8.3.3. France Distributed Energy Resource Management System Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Software

8.3.3.2.2. By Application

8.3.3.2.3. By End-User

8.3.4. Spain Distributed Energy Resource Management System Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Software

8.3.4.2.2. By Application

8.3.4.2.3. By End-User

8.3.5. Italy Distributed Energy Resource Management System Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Software

8.3.5.2.2. By Application

8.3.5.2.3. By End-User

9. South America Distributed Energy Resource Management System Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Software

9.2.2. By Application

9.2.3. By End-User

9.2.4. By Country

9.3. South America: Country Analysis

9.3.1. Brazil Distributed Energy Resource Management System Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Software

9.3.1.2.2. By Application

9.3.1.2.3. By End-User

9.3.2. Argentina Distributed Energy Resource Management System Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Software

9.3.2.2.2. By Application

9.3.2.2.3. By End-User

9.3.3. Colombia Distributed Energy Resource Management System Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Software

9.3.3.2.2. By Application

9.3.3.2.3. By End-User

10. Middle East & Africa Distributed Energy Resource Management System Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Software

10.2.2. By Application

10.2.3. By End-User

10.2.4. By Country

10.3. Middle East & Africa: Country Analysis

10.3.1. Saudi Arabia Distributed Energy Resource Management System Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Software

10.3.1.2.2. By Application

10.3.1.2.3. By End-User

10.3.2. South Africa Distributed Energy Resource Management System Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Software

10.3.2.2.2. By Application

10.3.2.2.3. By End-User

10.3.3. UAE Distributed Energy Resource Management System Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Software

10.3.3.2.2. By Application

10.3.3.2.3. By End-User

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Company Profiles

13.1. General Electric Company

13.1.1. Business Overview

13.1.2. Key Revenue and Financials

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services Offered

13.2. Siemens AG

13.2.1. Business Overview

13.2.2. Key Revenue and Financials

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services Offered

13.3. ABB Ltd

13.3.1. Business Overview

13.3.2. Key Revenue and Financials

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Services Offered

13.4. Schneider Electric SE

13.4.1. Business Overview

13.4.2. Key Revenue and Financials

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Services Offered

13.5. Engie SA

13.5.1. Business Overview

13.5.2. Key Revenue and Financials

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services Offered

13.6. AutoGrid Systems Inc.

13.6.1. Business Overview

13.6.2. Key Revenue and Financials

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services Offered

13.7. Doosan Corporation

13.7.1. Business Overview

13.7.2. Key Revenue and Financials

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services Offered

13.8. Open Access Technology International Inc.

13.8.1. Business Overview

13.8.2. Key Revenue and Financials

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services Offered

13.9. Mitsubishi Electric Corporation

13.9.1. Business Overview

13.9.2. Key Revenue and Financials

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Services Offered

13.10. Emerson Electric Co

13.10.1. Business Overview

13.10.2. Key Revenue and Financials

13.10.3. Recent Developments

13.10.4. Key Personnel

13.10.5. Key Product/Services Offered

14. Strategic Recommendations

15. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

What are examples of Distributed Energy Resource?

Roof Top Solar Photovoltaic Units, Wind Generating Units, Battery Storage, Batteries in electric vehicles used to export power back to the grid, along with the combined heat and power units, or tri-generation units that also utilize waste heat to provide cooling, are examples of distributed energy resource.

What are the challenges in Global Distributed Energy Resource Management System?

Cyber-Attacks and Data Breaches along with the high cost involved to tackle these issues are the challenges in the global distributed energy resource management system.

Who are the major market players in the Global Distributed Energy Resource Management System Market?

Major market players are General Electric Company, Siemens AG, ABB Ltd, Schneider Electric SE, Engie SA, AutoGrid Systems Inc., Doosan Corporation, Open Access Technology International Inc., Mitsubishi Electric Corporation, Emerson Electric Co.

Which region dominated the global distributed energy resource management system in 2022?

North America region dominated the global distributed energy resource management system in 2022, owing to growth in distributed solar PV generation due to relatively low initial costs and a reduction in service costs, leading to a short return on investment.

Related Reports

Parvati Sharma

Account Manager BD

Talk To Analyst

Press Release

Distributed Energy Resource Management System Market is Expected to Grow at a 15.48% CAGR

Aug, 2023

Global Distributed Energy Resource Management System market is expected to grow, owing to the growing focus on energy efficiency and the increasing demand for renewable energy throughout the forecast

Buy Now