The Distributed Energy Resources (DERs) Management Systems Market report by MarkNtel Advisors – Market Research Company, offers a comprehensive analysis of the size, share & growth of the market.
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The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Distributed Energy Resources (DERs) Management Systems Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Distributed Energy Resources (DERs) Management Systems Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Distributed Energy Resources (DERs) Management Systems Market size was valued at around USD 401 million in 2023 and is projected to reach around USD 1,334 million by 2030. Along with this, the market is estimated to grow at a CAGR of about 17.03% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in Distributed Energy Resources (DERs) Management Systems Market Segmentation?
The report has segmented the market into the following categories:
By Software
- Analytics- Market Size & Forecast 2019-2030, USD Million
- Virtual Power Plant- Market Size & Forecast 2019-2030, USD Million
- Management & Control- Market Size & Forecast 2019-2030, USD Million
By Application
- Solar Photovoltaic (PV) Units- Market Size & Forecast 2019-2030, USD Million
- Wind Generation Units- Market Size & Forecast 2019-2030, USD Million
- Energy Storage Systems- Market Size & Forecast 2019-2030, USD Million
- Combined Heat & Power Generation Systems- Market Size & Forecast 2019-2030, USD Million
- EV Charging Stations- Market Size & Forecast 2019-2030, USD Million
- Others - Market Size & Forecast 2019-2030, USD Million
By End User
- Industrial- Market Size & Forecast 2019-2030, USD Million
- Residential- Market Size & Forecast 2019-2030, USD Million
- Commercial- Market Size & Forecast 2019-2030, USD Million
- Utilities- Market Size & Forecast 2019-2030, USD Million
Among them, the Industrial segment holds a notable market share in the Global Distributed Energy Resources (DERs) Management Systems Market. Industries require power 24*7 to efficiently complete the production & operation tasks.
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Key Factor Driver Distributed Energy Resources (DERs) Management Systems Industry Growth by 2030
Expansion of Power Grid Lines Amplifying Market Growth – Over the years, the population across the globe has increased substantially. As per the World Bank Statistics, in 2022, the total population reached around 7.95 billion, an increase of about 60 million people compared to 2021. Along with this, there has been a rise in urbanization across the region, like Asia-Pacific & South America. This is resulting in higher requirements for the residential spaces that need the power. Therefore, private entities are actively expanding their power gridlines to fulfill the requirements of the customers and make electricity accessible to the mass population. For instance, in 2022, Iberdrola announced an investment of around USD 45 billion to extend the grid network in the US. This expansion of electricity network infrastructure requires solutions that help in overall power management & distribution, thus supporting the Global DERs Management Systems Industry.
Who are the Key Players Operating in the Distributed Energy Resources (DERs) Management Systems Industry?
The top companies of the Distributed Energy Resources (DERs) Management Systems market ruling the industry are:
- ABB Ltd.
- General Electric
- Siemens AG
- Schneider Electric
- Oracle Corporation
- Itron
- Autogrid Systems Inc.
- Mitsubishi Electric Corporation
- Opus One Solutions
- Emerson Electric Co.
- Generac
- Enel
- Doosan Corporation
- EnergyHub
- Engie SA
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FAQs (Frequently Ask Questions)
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