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.
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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
Report Metric
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Details
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Forecast Period
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2021 to 2028
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2013 - 2018)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Technology (Solar PV, Wind, CHP (Combined Heat & Power), Energy Storage and Other), Software (Analytics, Virtual Power Plants and Management & Control), End-User (Infrastructure, Power, Oil & Gas, Automotive, Aerospace, Mining, Marine, Water & Waste Water, Food & Beverages, Semiconductors, Pulp & Paper, CPG, HPC, Entertainment, Life Sciences, and Others)
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Countries Covered
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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
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Market Players Covered
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General Electric (U.S.), Siemens (Germany), Hitachi ABB Power Grids (Switzerland), COPA-DATA GmbH (Germany), Enel X S.r.l. (Italy), Accenture (Ireland), 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.), Open Access Technology International, Inc. (U.S.), Opus One Solutions (Canada), Oracle (U.S.), PXiSE Energy Solutions (U.S.), Schneider Electric (France), Smarter Grid Solutions (U.S.), Spirae, LLC (U.S.), Sunverge Energy Inc. (U.S.), Viridity Energy Solutions Inc. (U.S.) among others.
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
Global distributed energy resources management system (DERMS) market is segmented into three notable segments based on the technology, software and end-user.
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.
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
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
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
Global Distributed Energy Resources Management System (DERMS) Market – Industry Trends and Forecast to 2028
Asia-Pacific Distributed Energy Resources Management System (DERMS) Market – Industry Trends and Forecast to 2028
Middle East and Africa Distributed Energy Resources Management System (DERMS) Market – Industry Trends and Forecast to 2028
North America Distributed Energy Resources Management System (DERMS) Market – Industry Trends and Forecast to 2028
Europe Distributed Energy Resources Management System (DERMS) Market – Industry Trends and Forecast to 2028