In June 2019, Open Access Technology International, Inc. Announced that their Distributed Energy Resource Management System (DERMS) Solution Would Help Mexico Manage Renewable Energy

The energy industry is undergoing a rapid transformation, and distributed energy resource management systems (DERMS) have recently emerged as an attractive software solution. With the advancing metering infrastructures and the ability for two-way communication, utilities are replacing load management systems (LMS) with demand response management systems (DRMS). A DRMS can receive information from load control devices and determine the availability of these resources for control, as well as the ability to surgically control customers' load at selected locations in the grid.  ​

Access Full Report @ https://www.databridgemarketresearch.com/reports/global-distributed-energy-resources-management-system-derms-market​

Global Distributed Energy Resources Management System (DERMS) Market is expected to reach USD 1,538.67 million by 2028 from USD 494.19 million in 2020, growing with a healthy CAGR of 15.8% in the forecast period of 2021 to 2028. Distributed energy resource management system (DERMS) has gained momentum due to the increasing proliferation of renewable generation sources and capabilities to store energy at the customer level. Thus, DERMS controls all customers' capabilities, including load reduction, on-site generation such as solar PV, or storage such as batteries. The system helps to reduce overall energy cost and keep the community clean as it does not emit any pollutant into the environment. In addition, the government authorities are providing benefits to the customers who are using the system.

The rising need for renewable energy across the globe will drive the market's growth rate

Several market players are coming forward to use renewable energy for power generation; it has also become necessary to store this power and use it in need. These batteries can help supply the power when a power cut or other issues occur. To store this power many companies producing the systems which can save a large amount of power in it. Thus, the demand for DERMS is rising in the market to store and the excess power generated. Continuous research and development pertaining to the deployment of advanced technologies will yet again widen the scope of growth.  

Report Scope and Market Segmentation

Segment Analysis:

Global distributed energy resources management system (DERMS) market is segmented into three notable segments based on the technology, software and end-user.

• Based on technology, the global distributed energy resources management system (DERMS) market is segmented into solar PV, wind, CHP (combined heat & power), energy storage and other. In 2021, solar PV segment is expected to dominate the global distributed energy resources management system (DERMS) market with 40.53% market share as it converts sunlight into electricity and is pollution-free. In addition, it is available in flexible size because customers can mold it into the size per their requirement.
• Based on software, the global distributed energy resources management system (DERMS) market is segmented into analytics, virtual power plants, and management & control. In 2021, analytics segment is expected to dominate the global Distributed energy resources management system (DERMS) market with a 38.91% market share. It is used to forecast the demand of energy needed in a particular area and know the sources from which this energy is generated.

The analytics segment will dominate the software segment of the distributed energy resources management system (DERMS) market

The analytics segment will emerge as the dominating segment under software segment in 2021. This is because of the growing awareness about the benefits of distributed energy resources management system (DERMS). Further, the growth and expansion of research development services on a global scale will further bolster the growth of this segment.

• Based on 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. In 2021, the infrastructure segment is expected to dominate the global distributed energy resources management system (DERMS) market with 12.06% market share as people install solar PV structures at their homes, offices, hospitals, and different places to reduce energy costs.

The infrastructure segment will dominate the end-user segment of the distributed energy resources management system (DERMS) market

The infrastructure segment will emerge as the dominating segment under end-user in 2021 with approximately 12% market share. This is because of the growing number of infrastructural development activities in the market, especially in developing economies. Further, the growth and expansion of the semiconductors industry all around the globe will further bolster the growth of this segment.

Major Players             

Data Bridge Market Research recognizes the following companies as the market players in distributed energy resources management system (DERMS)  market: General Electric (U.S.), Siemens (Germany), Hitachi ABB Power Grids (Switzerland), COPA-DATA GmbH (Germany), AutoGrid Systems, Inc. (U.S.), Doosan GridTech (U.S.), ENBALA Power Networks (Canada), EnergyHub (U.S.), ENGIE (France), Itron Inc. (U.S.), MACH Energy Inc. (U.S.), Schneider Electric (France), Smarter Grid Solutions (U.S.), Spirae, LLC (U.S.), Sunverge Energy Inc. (U.S.) and Viridity Energy Solutions Inc. (U.S.).

Market Development

• In June 2021, Sunverge Energy Inc., in collaboration with Delmarva Power, kicked off the innovative Elk Neck Battery Storage Pilot Program. Through this program, the companies will be able to demonstrate the value of multi-service VPPs and aggregated residential battery systems for the benefit of consumers and the grid. Thus the company will increase the grid's reliability, enhance resiliency during powerful storms and improve service for both customers and the grid.
• In November 2020, Vena Energy Australia selected Doosan GridTech as its EPC partner to build Queensland's largest battery energy storage system (BESS). This system will majorly improve grid stability and support the state's shift to renewable energy. The system will have a discharge capacity of 100MW and deliver 150MWh of energy, enough to provide power for 57,000 homes. Thus the company expands its business in the Australian market.
• In October 2020, Snohomish County PUD (SnoPUD) had partnered 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 March 2021, Smarter Grid Solutions released ANM Strata 3.1, a distributed energy resources management system (DERMS) product. The new version of the software will make it quicker and easier for utilities and DER asset fleet operators to deliver flexible services. Due to its cloud deployment capabilities, the product can be rolled out to a wider range of clean energy operators. With this, the company will integrate a larger number of clean energy assets into power grids  

Regional Analysis

Geographically, the countries covered in the distributed energy resources management system (DERMS) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

North America is the dominant region in distributed energy resources management system (DERMS) market during the forecast period 2021 - 2028

• In 2021, the North American region is expected to dominate the global market due to the highest number of consumers and manufacturing bases in varied countries such as the U.S. and Canada.

Asia-Pacific is estimated to be the fastest-growing region in distributed energy resources management system (DERMS) market the forecast period 2021 - 2028

China is expected to dominate the Asia-Pacific region because of the region's higher manufacturing and push for renewable energy and the use of a distributed energy resources management system (DERMS).

COVID-19 Impact

The COVID-19 pandemic has significantly impacted every industry worldwide, including distributed energy resource management systems. Several imposed lockdowns and restrictions on general population movement reduced industrial and commercial output to a new low. Because the market is entirely dependent on energy, decreased energy requirements impacted investment opportunities, limiting market growth.

For more detailed information about the distributed energy resources management system (DERMS) on market report, click here – https://www.databridgemarketresearch.com/reports/global-distributed-energy-resources-management-system-derms-market