Global Distributed Energy Resource Management System Market Scenario:
Global Distributed Energy Resource Management System Market is Expected to Rise at a CAGR of 15.46% during 2019 to 2025. Distributed energy resource (DER) management is the management of the distribution grid, which is integrated with DERs. To tackle the current challenges related to the distribution grid, electric utilities need new sets of tools to manage highly adopted DERs. Such tools are a combination of different hardware and software that are integrated to manage these resources properly.
A distributed energy resource management system (DERMS) is a module that manages the DERs and traditional distribution assets such as capacitor banks, voltage regulators, and tap changers. This system increases the grid reliability and performance of the DERs by significantly reducing the voltage excursions and maintain higher network stability. Hence, DERMS manages to significantly increase network hosting capacity for DERs and achieve regulatory targets for renewable power generation with minimal investment in network capacity.
Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/9621
Leading Players analyzed in the Distributed Energy Resource Management System Market Report are:
- Schneider Electric (France),
- General Electric (US),
- Open Access Technology International, Inc. (US),
- Enbala (Canada),
- AutoGrid Systems, Inc. (US),
- Spirae, LLC (US),
- Blue Pillar (US),
- ABB (Switzerland),
- Enel X North America, Inc. (US),
- Siemens (Germany), and
- Doosan Corporation (South Korea).
Industry Highlights:
The growing need for increasing the share of renewable energy in the power generation mix and the shift from centralized to distributed generation are expected to drive the market for distributed energy resource management system during the forecast period. The global electricity demand is expected to grow at a significant rate in the next few years owing to the rise in population, rapid development in urbanization, growing infrastructure activities, and enhanced access to electricity. The conventional energy generation sources such as coal, petrol, and natural gas contribute primarily to carbon emission.
As stakeholders in the power generation industry seek opportunities to reduce carbon footprint, they have been focusing on raising the share of renewable energy sources in the total power generation mix, globally. Wind, solar, biomass, and other renewable energy sources witness growth in demand as they help reduce carbon emissions. Furthermore, countries across the world, such as India, Germany, Saudi Arabia, and the UAE, have set the target to increase the generation capacity of renewable energy generation sources to increase the share of renewable energy in the power generation mix. For instance, in 2019, the Saudi Arabian government set a target to generate 60GW of energy from renewables by 2030.
The integration of the electricity generated from renewable energy sources into the conventional grid network is facilitated with the help of DERMSs to create a combined network of various renewable energy sources. DERMS Market monitors and optimizes the flow of the energy generated from renewable energy sources into the distribution grid network. It also provides enhanced control and integration of renewable energy sources in the grid network and maintains grid stability. Such factors are expected to fuel the demand for distributed energy resource management system.
Moreover, centralized power generation refers to the large-scale generation of electricity at a centralized generating station. The electricity generated from centralized power sources is distributed through an electricity grid to end users, including industries, utilities, and commercial & residential sectors. However, the utilities in the electricity sector are focusing on moving from the centralized to distributed power generation owing to the various challenges associated with the centralized generation. Air pollution, waste generation, and transmission & distribution (T&D) losses are some of the challenges associated with the centralized generation. Distributed generation refers to the on-site or decentralized generation of electricity from various sources such as solar, wind, fuel cells, hydropower, and combined heat & power, which are located near the consumers.
Distributed generation is a technology used to overcome the challenges faced by the centralized generation and reduces dependence on centralized conventional energy generation sources. Many government bodies across the world, such as the US and India, are focusing on introducing several initiatives such as programs, policies, measures, and incentives for the development of distributed generation technologies. For instance, in the US, the authorities offer several initiatives, including corporate tax incentives and rebate programs, to promote the development of distributed generation. Such initiatives boost the development of distributed generation technologies.
Industry Segmentation:
The global Distributed Energy Resource Management System Industry is segmented based on technology, software, end-use, and region.
Global Distributed Energy Resource Management System Market, By Technology
- Solar PV
- Energy Storage
- Wind
- Combined Heat & Power
- Others
Global Distributed Energy Resource Management System Market, By Software
- Analytics
- Management & Control
- Virtual Power Plants
Global Distributed Energy Resource Management System Market, By End-Use
- Industrial
- Government & Municipalities
- Commercial
- Residential
- Military
Global Distributed Energy Resource Management System Market, By Regions
- North America
- Asia-Pacific
- Europe
- Rest of the World
Distributed Energy Resource Management System Regional Market Analysis:
Based on region, the distributed energy resource management system market is segmented into Europe, Asia-Pacific, North America, the Middle East & Africa, and South America.
North America dominates the global distributed energy resource management system market. The increase in the share of renewable energy sources and government initiatives to promote the installation of DERMS are expected to drive the distributed energy resource management system market in the region.
According to IRENA, under the current policies and scenario, the share of renewable energy sources in the country’s total energy generation is expected to reach 10% by 2030. Policies and incentives such as Residential Renewable Energy Tax Credit, USDA – Rural Energy for America Program (REAP) Grants, and corporate tax incentives are some of the initiatives taken by the governing authorities in the US to promote the installation of DERMS in the country.
Browse Full Report Details at: https://www.marketresearchfuture.com/reports/distributed-energy-resource-management-system-market-9621
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/distributed-energy-resource-management-system-market-9621
