Global Distributed Energy Resource Management System Market size was valued at USD 167.29 Million in 2020 and is projected to reach USD 605.55 Million by 2028, growing at a CAGR of 18.40% from 2021 to 2028.
DERMS is known as a state-of-the-art system that seamlessly integrates high penetrations of solar energy and different distributed energy resources into the grid. When they are properly deployed, their capabilities give multiple benefits to businesses and their customers. It consists of a suite of software management tools that enable distribution services and wire operators to handle an array of DERs & thereby contribute to a near real-time control of grid assets
As per distributed energy resource management system market analysis, increasing need for efficient energy management systems which help in maintaining grid reliability and flexibility of the distributed energy source are some of the factors that have supported long-term expansion for Distributed Energy Resource Management System Market. The market for distributed energy resource management systems is being driven by rising government initiatives for residential buildings and rising power consumption.
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Also, global industrialization and urbanisation have resulted in an increase in energy demand. The increasing energy demand to support the world's current way of life has resulted in massive investments in renewable energy generation. IRENA has mentioned that investment in new renewable power has increased from less than USD 50 billion per year in 2004 to around USD 300 billion per year in recent years, outpacing investments in new fossil fuel power by a factor of three in 2018. According to the World Economic Forum, $14.5 billion was invested in renewable energy, a 125 percent increase over the fiscal year 2020-21 and a 72 percent increase over the pre-pandemic period of the 2019-20 fiscal year.
The COVID-19 pandemic, though electricity use in residential buildings has increased. However, governments across the world were compelled to reduce the business activities in response to minimize the threat of coronavirus. Owing the decline in the business activities has further negatively impacted distributed energy resource management system solutions in the short term.
North America is expected to the largest market during the forecast period, owing to supportive government policies for the distributed power generation technology and increasing share of renewables in the energy mix, in turn driving the demand for DERMS in the region.
The renewable energy industry in Europe is critical to the region's economic development. European countries have made significant investments in green and clean energy. There are numerous offshore wind farms and solar farms in the region. Among the countries that have invested in solar and wind energy capacity are Germany, France, Italy, Spain, the United Kingdom, and the Netherlands. Europe has 162,429 MW of solar PV and 183,675 MW of wind power, according to the International Renewable Energy Agency (IRENA). The demand for distributed energy resource management system in Europe is being driven by the government's ongoing efforts to achieve clean energy goals.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 18.40% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD million and CAGR from 2021 to 2028 |
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Report Segmentation |
Technology, end user and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
ABB Ltd., Engie SA, General Electric Company, AutoGrid Systems Inc. and Siemens AG. |
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Available Customization |
In addition to the market data for Distributed Energy Resource Management System Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Distributed Energy Resource Management System Market is segmented into technology, end user and region.
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