General Electric, Siemens, and Hitachi ABB Power Grid are Dominating the Global Distributed Energy Resources Management System (DERMS) Market In 2020

Global Distributed Energy Resources Management System (DERMS) Market is said to grow with a CAGR of 15.8% in the forecast period of 2021 to 2028. The years considered for the study are as mentioned below.

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The global distributed energy resources management system (DERMS) market is a highly fragmented market, which includes a number of key players as well as local players. The market has witnessed increased strategic developments owing to favorable market scenarios.

General Electric is the dominating player in global distributed energy resources management system (DERMS) market. The other key players existing in the market include 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., and Viridity Energy Solutions Inc. (A Subsidiary of Ormat) among others.

Distributed Energy Resources Management System (DERMS) MarketGeneral Electric

General Electric is headquartered in Massachusetts, U.S., and was founded in 1892. The company is engaged in manufacturing innovative solutions that deliver essential energy, healthcare, and transportation infrastructure. The company operates in the business segment such as power, renewable energy, aviation, healthcare, and capital, where power is the market-focused segment. The company offers a wide range of products categories such as analytics, asset performance management, aviation asset records, cyber security, data historian, distribution operations (ADMS), emerging technology, flight analytics, geospatial asset management, HMI/SCADA, supporting devices, data science services, digital transformation advisory services in which distribution operations (ADMS) is the market focused category.

  • In July 2021, General Electric introduced its upgraded Advanced Distribution Management Solution (ADMS). The advances in the software enable electricity distribution utilities to optimize their operations with increased flexibility and operational awareness. Thus the company provided an improved distribution optimization solution to its customer

The company has a wide global presence across Europe, the Americas, Asia-Pacific, and Middle-East and Africa with its various subsidiaries such as Meridium, Inc. (U.S.), Solano Labs, Inc. (U.S.), Nurego Inc. (U.S.), and Wise.io, Inc. (U.S.) among others.

Siemens

Siemens is headquartered in Munich, Germany, and was founded in 1847. The company mainly provides efficient technologies to industry, infrastructure, mobility, and healthcare. The company operates in the business segment such as digital industries, smart infrastructure, mobility, Siemens healthcare, where smart infrastructure is the market-focused segment. The company offers a wide range of products categories such as building technology, drive technology, energy, financing, healthcare, industrial automation, mobility, services, software in which energy is the market-focused category.

  • In August 2021, Siemens and Tata Power Delhi Distribution Limited (Tata Power-DDL) jointly announced the successful deployment of Smart Metering Technology for over 200,000 Smart Meters in North Delhi. Here the company enables timely and accurate collection of electricity meter data leading to increased visibility of the consumer network and reduction in carbon emissions. Thus the company assisted in monitoring critical functions of energy distribution

The company has a wide global presence across Europe, the Americas, Asia-Pacific, and Middle-East and Africa with its various subsidiaries such as Siemens Healthiness (Germany), Siemens Mobility (Germany), Mendix (U.S.), Siemens Canada (Canada), Mentor Graphics (U.S.) among others.

Hitachi ABB Power Grid (A Subsidiary of Hitachi, Ltd)

Hitachi ABB Power Grids is headquartered in Zurich, Switzerland, and was founded in 2020. The company serves utility, industry, and infrastructure customers across the value chain and emerging areas like sustainable mobility, smart cities, energy storage, and data centres. The company offers products like cable accessories, capacitors and filters, cooling systems, disconnectors, energy planning & trading, generator circuit-breakers (GCB), high voltage switchgear & breakers, HVDC, instrument transformers, SCADA and control systems, semiconductors, substation automation, protection & control and many more in which SCADA and control systems is the market focused category.

  • In November 2020, Hitachi ABB Power Grids signed a 5-year contract with Dubai Electricity and Water Authority (DEWA) to provide energy solutions. Under the agreement, the company supplied, installed, tested, and commissioned 15 new substations and refurbish and upgraded 18 existing substations across Dubai. Thus, the company supplied its MicroSCADA solution to protect, control, measure, and supervise power system

The company has a wide global presence across Europe, the Americas, Asia-Pacific, and Middle-East & Africa with its various subsidiaries such as ABB Power Grids Argentina S.A.U. (Argentina), ABB Power Grids Australia Pty Ltd (Australia), Ventyx International Pty Ltd (Australia), ABB POWER GRIDS AUSTRALIA HOLDINGS PTY LTD (Australia), ABB Technologies W.L.L. (Bahrain), among others