Asia-Pacific Distributed Energy Resources Management System (DERMS) Market, By Technology (Solar PVWind, 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, Semi-Conductors, Pulp & Paper, CPG, HPC, Entertainment, Life Sciences, and Others), Country (China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest Of Asia-Pacific,) Industry Trends and Forecast To 2028.
Market Analysis and Insights: Asia-Pacific Distributed Energy Resources Management System (DERMS) Market
Asia-Pacific distributed energy resources management system (DERMS) market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 15.1% in the forecast period of 2021 to 2028 and is expected to reach USD 303.77 million by 2028. Increasing demand for DERMS for cost reduction is boosting the market.
A distributed energy resources management system (DERMS) is a platform that helps distribution system operators (DSO) to manage their grids which are based on distributed energy resources (DER). In addition, it is a software platform used to organize the operation of the aggregated DER within a power grid. The usual DERMS application is found at the distribution grid level. The system typically requires a more full-fledged integration of various other systems such as a distribution management system (DSM) for integrating it with a utility. Furthermore, an outage management system (OMS) or a supervisory control and data acquisition (SCADA) system is usually needed to provide all DERMS functionality.
The growing demand for renewable energy generation is the major that is expected to drive the market. On the other hand, regulatory issues related to DERs may act as restraining factors. The growing awareness for clean energy and renewables proves to be an opportunity. However, the threat to utilities from reductions in revenue could prove to be a challenge.
Asia-Pacific distributed energy resources management system (DERMS) market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the Distributed energy resources management system (DERMS) market scenario contact Data Bridge Market Research for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Distributed Energy Resources Management System (DERMS) Market Scope And Market Size
Asia-Pacific distributed energy resources management system (DERMS) market is segmented based on the technology, software, and end-user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, the distributed energy resources management system (DERMS) market is segmented into solar PV, wind, CHP (combined heat & power), energy storage, and others. In 2021, the solar PV segment is expected to dominate the distributed energy resources management system (DERMS) market as it efficiently converts sunlight into electricity and is pollution-free. In addition, it is available in flexible sizes because of which customers can mold it into any size as per their requirement.
- On the basis of software, the distributed energy resources management system (DERMS) market is segmented into analytics, virtual power plants, and management & control. In 2021, the analytics segment is expected to dominate the distributed energy resources management system (DERMS) market, as it is used to forecast the demand for energy and micromanage the sources and demand-side requirements.
- On the basis of end-user, the distributed energy resources management system (DERMS) market is segmented into infrastructure, power, oil & gas, automotive, aerospace, mining, marine, water & wastewater, food & beverages, semi-conductors, pulp & paper, CPG, HPC, entertainment, life sciences, and others. In 2021, the infrastructure segment is expected to dominate the distributed energy resources management system (DERMS) market as people install solar PV structures at their homes, offices, hospitals, and different places to reduce energy costs.
Asia-Pacific Distributed Energy Resources Management System (DERMS) Market Country Level Analysis
The distributed energy resources management system (DERMS) market is analyzed, and market size information is provided by the country, offering, service delivery model, enterprise size, and end-use as referenced above.
The countries covered in the distributed energy resources management system (DERMS) market report are China, India, Australia, Japan, South Korea, Malaysia, Thailand, Singapore, Indonesia, Philippines, and the rest of Asia-Pacific. China is expected to dominate the market due to the high demand and manufacturing present for distributed energy resources management systems (DERMS).
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Growing Demand For Renewable Energy Generation Is Boosting The Market Growth Of The Asia-Pacific Distributed Energy Resources Management System (DERMS) Market
Asia-Pacific Distributed energy resources management system (DERMS) market also provides you with detailed market analysis for every country's growth in the particular market. Additionally, it provides detailed information regarding the market players' strategy and their geographical presence. The data is available for the historic period 2010 to 2019.
Competitive Landscape And Asia-Pacific Distributed Energy Resources Management System (DERMS) Market Share Analysis
Distributed energy resources management system (DERMS) market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus related to Distributed energy resources management system (DERMS) market.
The major companies which are dealing in the Distributed energy resources management system (DERMS) are General Electric, Siemens, Hitachi ABB Power Grids, COPA-DATA GmbH, Enel X S.r.l. (A subsidiary of Enel Spa), Accenture, Doosan GridTech (A subsidiary of Doosan Heavy Industries & Construction Co., Ltd.), ENGIE, Itron Inc., Open Systems International, Inc. (A Subsidiary of Emerson Electric Co.), Oracle, Schneider Electric, Sunverge Energy Inc., and other in domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many contracts and agreements are also initiated by the companies worldwide, which also accelerates the distributed energy resources management system (DERMS) market.
For instance,
- 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 substations 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 system
- 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 and 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
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