The Global Distributed Energy Resources Management System (DERMS) Market is growing with factors such as increasing demand for DERMS for cost reduction.
The growing demand for renewable energy generation is contributing to the growth of distributed energy resources management system (DERMS) market to a greater extent. However, regulatory issues related to DERs are hindering the growth of the market.
Global Distributed Energy Resources Management System (DERMS) Market Scenario
According to Data Bridge Market Research, the distributed energy resources management system (DERMS) market in North America has the highest market share, followed by Europe and Asia-Pacific. The prospectus leader in the distributed energy resources management system (DERMS) market is General Electric, with the largest market share of 16.04%, followed by Siemens 13.61%.
For instance,
- In July 2021, General Electric unveiled its Advanced Distribution Management Solutions (ADMS) mission-critical software suite. The software supports the full spectrum of utilities from small to largest with mission-critical, proven operational systems. Thus, the company will take a step to meet customer expectations of a reliable and resilient distribution grid via next-generation control and optimization
Trends Impacting the Market
Now the question is, which are the other regions are the key vendors and niche leaders of the distributed energy resources management system (DERMS) market are targeting? Data Bridge Market Research has forecasted significant growth in North America distributed energy resources management system (DERMS) market, and the market leaders are targeting the U.S. to be their next pocket revenue for 2021.
The distributed energy resources management system (DERMS) market is becoming more competitive with companies like General Electric, Siemens, and Hitachi ABB Power Grids, among others. These are the top dominating companies in the distributed energy resources management system (DERMS) market and have launched advanced services and solutions.
The data bridge market research new reports highlight the major growth factors and opportunities in the Global Distributed energy resources management system (DERMS) market.
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Distributed Energy Resources Management System (DERMS) Market Developments
- In October 2020, Snohomish County PUD (SnoPUD) collaborated with Doosan GridTech to integrate two electric vehicle-to-grid chargers within its DERMS. The V2G stations can charge the vehicle, allow the energy stored to flow back to the grid and provide support during an outage. With this, the company will help customers to maximize the value of owning an electric vehicle
- In November 2020, Hitachi ABB Power Grids announced that they had signed a 5-year contract with Dubai Electricity and Water Authority (DEWA) to provide energy solutions. Under the agreement, the company will supply, install, test, and commission 15 new sub-stations and refurbish and upgrade 18 existing substations across Dubai. Thus, the company will supply its MicroSCADA solution helping to protect, control, measure, and supervise power systems
- In May 2021, EnergyHub launched a Marketplace API to integrate the Mercury DERMS platform with DER device retailers. Its new feature helps the utilities increase the overall adoption of DERs in their service territories and the enrolment rate in DER programs. Thus, the company is expanding its product portfolio in the market
Scope of the Distributed Energy Resources Management System (DERMS) Market
Global distributed energy resources management system (DERMS) market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Switzerland, Russia, Netherlands, Belgium, Ireland, Turkey, rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Philippines, Indonesia, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, UAE, Israel, Egypt and rest of the Middle East and Africa.
All country-based analysis of the global distributed energy resources management system (DERMS) market is further analyzed based on maximum granularity into further segmentation. On the basis of technology, the global distributed energy resources management system (DERMS) market is segmented into solar PV, wind, CHP (combined heat & power), energy storage, and others. On the basis of software, the global distributed energy resources management system (DERMS) market is segmented into analytics, virtual power plants, and management & control. On the basis of end-user, the global distributed energy resources management system (DERMS) market is segmented into infrastructure, power, oil & gas, automotive, aerospace, mining, marine, water & waste water, food & beverages, semi-conductors, pulp & paper, CPG, HPC, entertainment, life sciences, and others.
To know more about the study contact https://www.databridgemarketresearch.com/reports/global-distributed-energy-resources-management-system-derms-market
Key Pointers Covered in Distributed energy resources management system (DERMS) Market Industry Trends and Forecast to 2028
- Market size
- Top to bottom market analysis
- Recent developments for market competitors
- Recent market value for different countries
- Market value and overview of distributed energy resources management system (derms) market
- Company profiling of top eight players of distributed energy resources management system (derms) market
Key Market Competitors Covered in the Report
- General Electric
- Siemens
- Hitachi ABB Power Grids (A Subsidiary of Hitachi, Ltd.)
- COPA-DATA GmbH
- Enel X S.r.l. (A Subsidiary of Enel Spa)
- Accenture
- AutoGrid Systems, Inc.
- Doosan GridTech (A Subsidiary of Doosan Heavy Industries & Construction Co., Ltd.)
- ENBALA Power Networks, a Generac company
- EnergyHub
- ENGIE
- Itron Inc.
- MACH Energy Inc.
- Open Access Technology International, Inc.
- Open Systems International, Inc. (A Subsidiary of Emerson Electric Co.)
- Opus One Solutions
- Oracle
- PXiSE Energy Solutions (A Subsidiary of Sempra Energy)
- Schneider Electric
- Smarter Grid Solutions
- Spirae, LLC
- Sunverge Energy Inc.
- Viridity Energy Solutions Inc. (A Subsidiary of Ormat)
Above are the key players covered in the report. To know about more and exhaustive list of distributed energy resources management system (DERMS) companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-distributed-energy-resources-management-system-derms-market
Research Methodology: Global Distributed Energy Resources Management System (DERMS) Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Manufacturer, Healthcare Industry, Scientists, Research Laboratories
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers, among others.
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