ENG
Distributed Energy Resource Management System Market: Global Industry Analysis, Size, Share, Growth, Trend, and Forecast 2024-2030
Distributed Energy Resource Management System Market size was valued at US$ 390.60Mn. in 2023. Global Distributed Energy Resource Management System Market is estimated to grow at a CAGR of 20.4% over the forecast period.
Format : PDF | Report ID : SMR_303
Distributed Energy Resource Management System Market Overview:
Electricity-producing resources or controllable loads connected to a local distribution system or a host facility within the local distribution system are referred to as Distributed Energy Resources. The rapid spread of distributed energy resources has been one of the most significant improvements to electrical systems across the globe. Electricity storage, CHP plants, Solar panels, tiny natural gas-fueled generators, electric vehicles, and controllable loads like HVAC systems and electric water heaters are all examples of DERs. The segment analysis of the distributed energy resource management system market is prepared on the basis of technology, application and region.
A Distributed Energy Resources Management System allows utilities to manage distribution grids with a variety of linked distributed energy generation assets while also taking advantage of the benefits of distributed resources, including larger utility-grade resources and behind-the-meter resources. This is done with the help of specialist software applications, which are tailored to the needs of energy management organizations or businesses. Reduced costs of wind power and wind storage, an increasing share of renewable power generation, and a paradigm shift in energy generation toward green technologies are all distributed energy resource management system market key drivers. In addition, growing awareness of carbon footprints, as well as revised FIT (Feed-in Tariff) rates, are expected to drive market expansion.
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Distributed Energy Resource Management System Market Dynamics:
Government Mandates And Renewable Energy Policies Regarding Electricity Produced From Renewable Sources:
Renewable energy is a natural energy source that can be easily replenished. Countries across the globe are focusing on renewable energy generation to decarbonize the power distribution system and protect the environment. Annual renewable capacity additions have reached about 274 GW in 2023, the fastest year-over-year growth since 1999. Despite the significant impact of pandemics on the global supply chain, renewable capacity additions increased by over 43% in 2023 compared to 2019. The expansion was prompted by an 86% increase in global wind capacity installations. This unprecedented surge was fueled by a 23% increase in new solar PV installations to around 128 GW by 2023. As a result of these factors, will going to helps in the growth of distributed energy resource management system market throughout the forecast period.
Trends Associated with Distributed Energy Resources:
- The renewable energy distribution is expected to continue to grow and become more competitive with traditional supply systems: Due to continuous price reductions in wind and solar goods, the growth of distributed renewables is expected to accelerate dramatically. Furthermore, it is envisaged that corporate customers would maintain their green energy obligations, resulting in increased demand for renewable energy and the signing of renewable power purchase agreements with developers.
- The production of coal will continue to drop: More than 16 US states have set clean energy objectives and asked their energy providers to turn off coal-fired power facilities so far. Over the next 20 years, the number of states is predicted to grow, and utilities are likely to boost their expenditures on clean energy sources such as hydrogen, wind, and solar. For example, overall, coal-fired power generation in the United States fell from 28% in 2018 to 25% in 2019 and 22% in 2023, reflecting the country's commitment to decarbonization.
- Increased government regulatory and financial support: More regulatory frameworks enabling incentives for renewable energy and battery storage projects are expected to be adopted in Distributed Energy Resource Management System Market.
- The future of the grid is expected to rely heavily on energy storage: The battery storage projects across the globe are expected to boost renewables optimization. The battery market's focus is expected to shift to long-term endurance shortfall systems and cost reduction.
- A high degree of automation is expected to be seen on the low-voltage energy network: Solution providers are expected to come up with new solutions, which will supply energy businesses with sophisticated distributed intelligence for grid stability as they battle with the intermittent nature of renewables. Wind generation, distribution, and management on utility grid networks are expected to benefit from the integration of technology such as enhanced metering, distribution and substation automation, volt optimization, outage management, and AI-enabled grid monitoring.
High Initial Investment and Maintenance Cost:
The adoption of a distributed energy resource management system requires a lot of investment in the beginning. To establish up the transmission network between customers and the smart grid, the technology necessitates a large initial investment. A successful deployment also necessitates strong cooperation across traditional organizational boundaries, significant process change, and strict governance. High post-deployment operational and maintenance expenses are also a major problem for power companies. As a result, these factors are expected to hamper the growth of distributed energy resource management system market growth during the forecast period.
Distributed Energy Resource Management System Market Segment Analysis:
By Technology, the Distributed Energy Resource Management System Market is segmented into Wind turbines, Solar Photovoltaic, Reciprocating Engines, Fuel Cells, and Gas & Steam turbines. The Solar Photovoltaic segment is expected to witness significant growth at a CAGR of 21.9% during the forecast period. During grid disruptions caused by harsh weather or other emergency scenarios, distributed solar photovoltaic (PV) systems can provide electricity. As a result, distributed PV can considerably improve the energy grid's robustness. PV systems are designed with resiliency and integrated with other technologies, such as energy storage and auxiliary generation, in order to take advantage of this potential. These factors are expected to boost the segment growth throughout the forecast period.
By Application, the Distributed Energy Resource Management System Market is segmented into Residential, Commercial, and Industrial. The Residential segment dominated the market with a 48.3% share in 2023. The residential sector's energy consumption includes all energy utilized by households, excluding transportation energy. Heating, cooling, lights, water heating, and consumer products all use energy. The deployment of a household distributed energy resource system requires a high initial cost for installation.
The Industrial segment is expected to grow at a CAGR of 20.3% during the forecast period. The increased need for power in the industrial sector, along with the requirement to effectively utilize that power, are driving this segment's growth. As a result, the market for distributed energy resource management systems is being driven by rising industry demand.
Distributed Energy Resource Management System Market Regional Insights:
The North American region dominated the distributed energy resource management system market with a 43% share in 2023. A massive increase in electricity demand, and its power sector are facing challenges in terms of meeting energy efficiency targets, complying with federal carbon policies, and integrating various distributed energy generation sources. As a result, investments in distributed energy resource management systems are increasing in order to meet these problems.
The Asia Pacific region is expected to witness noteworthy growth at a CAGR of 19.3% during the forecast period. The increased demand for energy as a result of rising population and rapid urbanization in countries like India, China, Indonesia, and Malaysia is expected to be a major driver of market growth. China's major areas, in particular, cater to a large portion of the country's product demand. China's market is expected to be driven by the country's rising disposable income levels.
The objective of the report is to present a comprehensive analysis of the Global Distributed Energy Resource Management System Market to the stakeholders in the industry. The report provides trends that are most dominant in the Global Distributed Energy Resource Management System Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the global market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Global Distributed Energy Resource Management System Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Global Distributed Energy Resource Management System Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the global market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Global Distributed Energy Resource Management System Market. The report also analyses if the Global Distributed Energy Resource Management System Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Global Distributed Energy Resource Management System Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Distributed Energy Resource Management System Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the global Dmarket is aided by legal factors.
Distributed Energy Resource Management System Market Scope:
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Distributed Energy Resource Management System Market Scope |
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Market Size in 2023 |
USD 390.60 Mn. |
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Market Size in 2030 |
USD 1432.58 Mn. |
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CAGR (2024-2030) |
20.4% |
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Historic Data |
2018-2022 |
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Base Year |
2023 |
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Forecast Period |
2024-2030 |
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Segment Scope |
by Technology
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by Application
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Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Distributed Energy Resource Management System Market Key Players:
- ABB Ltd. (Switzerland)
- Autogrid Systems, Inc. (United States)
- Spirae Inc. (United States)
- Enbala Power Networks INC. (United States)
- Enernoc Inc. (United States)
- Open Access Technology International Inc. (United States)
- Doosan Gridtech (United States)
- Blue Pillar (United States)
- Siemens (Germany)
- Schneider Electric (France)
- General Electric (US)
- Emerson (US)
Frequently Asked Questions
The North America region is expected to hold the highest share in the Distributed Energy Resource Management System Market.
The market size of the Distributed Energy Resource Management System Market by 2030 is expected to reach at US$ 1432.58 Mn.
The forecast period for the Distributed Energy Resource Management System Market is 2024-2030.
The market size of the Distributed Energy Resource Management System Market in 2023 was valued at US$ 390.60 Bn.
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.1.Research Process
2.2.Global Distributed Energy Resource Management System Market: Target Audience
2.3.Global Distributed Energy Resource Management System Market: Primary Research (As per Client Requirement)
2.4.Global Distributed Energy Resource Management System Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1. Market Share Analysis, By Value, 2023-2030
4.1.1.Market Share Analysis, By Region, By Value, 2023-2030(In %)
4.1.1.1.North America Market Share Analysis, By Value, 2023-2030(In %)
4.1.1.2.Europe Market Share Analysis, By Value, 2023-2030(In %)
4.1.1.3.Asia Pacific Market Share Analysis, By Value, 2023-2030(In %)
4.1.1.4.South America Market Share Analysis, By Value, 2023-2030(In %)
4.1.1.5.Middle East and Africa Market Share Analysis, By Value, 2023-2030(In %)
4.1.2.Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.1.North America Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.1.1.USA Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.1.2.Canada Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.1.3.Mexico Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.2. Europe Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.2.1.UK Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.2.2.France Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.2.3.Germany Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.2.4.Italy Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.2.5.Spain Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.2.6.Sweden Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.2.7.Austria Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.2.8.Rest of Europe Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.3.Asia Pacific Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.3.1.China Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.3.2.India Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.3.3.Japan Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.3.4.South Korea Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.3.5.Australia Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.3.6.ASEAN Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.3.7.Rest of APAC Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.4.South America Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.4.1.Brazil Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.4.2.Argentina Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.4.3.Rest of South America Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.5.Middle East and Africa Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.5.1.South Africa Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.5.2.GCC Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.5.3.Egypt Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.5.4.Nigeria Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.2.5.5.Rest of Middle East and Africa Market Share Analysis, By Technology, By Value, 2023-2030(In %)
4.1.3.Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.1.North America Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.1.1.USA Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.1.2.Canada Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.1.3.Mexico Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.2.Europe Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.2.1.UK Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.2.2.France Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.2.3.Germany Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.2.4.Italy Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.2.5.Spain Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.2.6.Sweden Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.2.7.Austria Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.2.8.Rest of Europe Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.3.Asia Pacific Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.3.1.China Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.3.2.India Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.3.3.Japan Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.3.4.South Korea Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.3.5.Australia Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.3.6.ASEAN Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.3.7.Rest of APAC Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.4.South America Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.4.1.Brazil Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.4.2.Argentina Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.4.3.Rest of South America Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.5. Middle East and Africa Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.5.1.South Africa Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.5.2.GCC Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.5.3.Egypt Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.5.4.Nigeria Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.1.3.5.5.Rest of Middle East and Africa Market Share Analysis, By Application, By Value, 2023-2030(In %)
4.2.Stellar Competition matrix
4.2.1.Global Stellar Competition Matrix
4.2.2.North America Stellar Competition Matrix
4.2.3.Europe Stellar Competition Matrix
4.2.4.Asia Pacific Stellar Competition Matrix
4.2.5.South America Stellar Competition Matrix
4.2.6.Middle East and Africa Stellar Competition Matrix
4.3. Key Players Benchmarking
4.3.1.Key Players Benchmarking By Technology, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
4.4. Mergers and Acquisitions in Industry
4.4.1.M&A by Region, Value and Strategic Intent
4.5. Market Dynamics
4.5.1.Market Drivers
4.5.2.Market Restraints
4.5.3.Market Opportunities
4.5.4.Market Challenges
4.5.5.PESTLE Analysis
4.5.6.PORTERS Five Force Analysis
4.5.7.Value Chain Analysis
Chapter 5 Global Distributed Energy Resource Management System Market Segmentation: By Technology
5.1.Global Distributed Energy Resource Management System Market, By Technology, Overview/Analysis, 2023-2030
5.2.Global Distributed Energy Resource Management System Market, By Technology, By Value, Market Share (%), 2023-2030(USD Million)
5.3.Global Distributed Energy Resource Management System Market, By Technology, By Value, -
5.3.1.Wind Turbine
5.3.2.Solar Photovoltaic
5.3.3.Reciprocating Engines
5.3.4.Fuel Cells
5.3.5.Gas & Steam Turbine
Chapter 6 Global Distributed Energy Resource Management System Market Segmentation: By Application
6.1.Global Distributed Energy Resource Management System Market, By Application, Overview/Analysis, 2023-2030
6.2.Global Distributed Energy Resource Management System Market Size, By Application, By Value, Market Share (%), 2023-2030(USD Million)
6.3.Global Distributed Energy Resource Management System Market, By Application, By Value, -
6.3.1.Residential
6.3.2.Commercial
6.3.3.Industrial
Chapter 7 Global Distributed Energy Resource Management System Market Segmentation: By Region
7.1.Global Distributed Energy Resource Management System Market, By Region – North America
7.1.1.North America Distributed Energy Resource Management System Market Size, By Technology, By Value, 2023-2030(USD Million)
7.1.2.North America Distributed Energy Resource Management System Market Size, By Application, By Value, 2023-2030(USD Million)
7.1.3.By Country – U.S.
7.1.3.1. U.S. Distributed Energy Resource Management System Market Size, By Technology, By Value, 2023-2030(USD Million)
7.1.3.2. U.S. Distributed Energy Resource Management System Market Size, By Application, By Value, 2023-2030(USD Million)
7.1.3.3. Canada Distributed Energy Resource Management System Market Size, By Value, 2023-2030(USD Million)
7.1.3.4. Mexico Distributed Energy Resource Management System Market Size, By Value, 2023-2030(USD Million)
7.2. Europe Distributed Energy Resource Management System Market Size, By Value, 2023-2030(USD Million)
7.2.1.UK
7.2.2.France
7.2.3.Germany
7.2.4.Italy
7.2.5.Spain
7.2.6.Sweden
7.2.7.Austria
7.2.8.Rest of Europe
7.3. Asia Pacific Distributed Energy Resource Management System Market Size, By Value, 2023-2030(USD Million)
7.3.1.China
7.3.2.India
7.3.3.Japan
7.3.4.South Korea
7.3.5.Australia
7.3.6.ASEAN
7.3.7.Rest of APAC
7.4. Middle East and Africa Distributed Energy Resource Management System Market Size, By Value, 2023-2030(USD Million)
7.4.1.South Africa
7.4.2.GCC
7.4.3.Egypt
7.4.4.Nigeria
7.4.5.Rest of Middle East and Africa
7.5. South America Distributed Energy Resource Management System Market Size, By Value, 2023-2030(USD Million)
7.5.1.Brazil
7.5.2.Argentina
7.5.3.Rest of South America
Chapter 8 Company Profiles
8.1.Key Players
8.1.1.ABB Ltd. (Switzerland)
8.1.1.1.Company Overview
8.1.1.2.Product Portfolio
8.1.1.3.Financial Overview
8.1.1.4.Business Strategy
8.1.1.5.Key Developments
8.1.2.Autogrid Systems, Inc. (United States)
8.1.3.Spirae Inc. (United States)
8.1.4.Enbala Power Networks INC. (United States)
8.1.5.Enernoc Inc. (United States)
8.1.6.Open Access Technology International Inc. (United States)
8.1.7.Doosan Gridtech (United States)
8.1.8.Blue Pillar (United States)
8.1.9.Siemens (Germany)
8.1.10.Schneider Electric (France)
8.1.11.General Electric (US)
8.1.12.Emerson (US)
8.2. Key Findings
8.3. Recommendations
