The increasing share of renewable power generation in energy generation mix, reduced costs of wind power, photovoltaic system, battery storage, and shift from centralized to de-centralized power generation are the major drivers of the distributed energy resource management system market.
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The distributed energy resource management system market is projected to reach USD 603.6 million by 2022, at a CAGR of 15.70%, from 2017 to 2022.
Government mandates in renewables and updated policies which encourage to deploy more and more renewable sources of energy in the power generation mix, is one of the major driver that would drive the distributed energy resource management system market. In the distributed energy resource management system market, regulatory issues related to different distributed energy resources could hinder the growth of the DERMS market.
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The solar PV distributed energy resource management system sub-segment, within the technology segment, would grow at the highest CAGR, during 2017 to 2022. It led the technology sector within the distributed energy resource management system market in 2016 and is projected to dominate the market during the forecast period.
This particular market is expected to grow in the future as a result of increasing solar PV installation in the household sector as well as commercial buildings in North America and other parts of the world. Moreover, Europe and some countries of Asia-Pacific such as Australia, Japan, and South Korea also present opportunities as power de-centralization is on rise in these regions.
Key Points From Table Of Content:
Distributed Energy Resource Management System Market, By Technology
- Solar PV
- Energy Storage
- Combined Heat & Power
Distributed Energy Resource Management System Market, By Software
- Management & Control
- Virtual Power Plants
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11 Company Profile
(Overview, Strength of Product Portfolio Scorecard, Business Strategy Excellence Scorecard, Products Offering, Recent Development’s, Business Strategy)*
- ABB Ltd.
- Autogrid Systems, Inc.
- Siemens AG
- General Electric
- Open Access Technology International, Inc.
- Spirae, Inc.
- Schneider Electric
- Enbala Power Networks, Inc.
- Doosan Gridtech, Inc.
- Blue Pillar, Inc.
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