The report "Distributed Energy Resource Management System Market Technology (Solar PV, Wind, Energy Storage, CHP), Software (Analytics, Management & Control, VPP), End-User (Government & Municipalities, Industrial, Commercial), and Region - Global Forecast to 2022", The distributed energy resource management system market is expected to grow from an estimated USD 291.1 Million in 2017 to USD 603.6 Million by 2022, registering a CAGR of 15.70%, from 2017 to 2022.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the distributed energy resource management system market. These players include Siemens AG (Germany), ABB, Ltd. (Switzerland), General Electric (U.S.), and Schneider Electric (France). The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market share.
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Scope of the Report
On the basis of Technology:
o Solar PV
o Wind
o Energy Storage
o Combined Heat & Power
o Others
On the basis of End-User:
o Government & Municipalities
o Industrial
o Commercial
o Residential
o Military
On the basis of Software:
o Analytics
o Management & Control
o Virtual Power Plants
On the basis of Region:
o North America
o Asia-Pacific
o Europe
o Rest of the world
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The analytics software sub-segment is expected to hold the largest share of the distributed energy resource management system market during the forecast period.
The analytics sub-segment, within the software segment, led the distributed energy resource management system market in 2016, and is projected to dominate the market during the forecast period. However, the management and control segment is expected to grow at the fastest rate during the forecast period.
The analytics software system is used to maximize the value of DERs. It also keeps the track of how a particular DER operates. As far as management and control is concerned, it is the intelligence system that provides the maximum value to the operators. Countries such as the U.S. and Germany are expected to drive the market demand, mostly because of the ongoing investment in renewable energy resources.
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North America: The leading market for distributed energy resource management system
In this report, the distributed energy resource management system market has been analyzed with respect to four regions, namely, North America, Europe, Asia-Pacific, and the rest of the world. The market in North America is expected to dominate the global distributed energy resource management system market.
For instance, small scale distributed solar PV, which are generally found on residential rooftops, have grown significantly in the U.S. over the past several years. According to the Energy Information Administration (EIA), the total U.S. solar power generation (PV and thermal) was 3.6 million MWh in September 2015, with 33% coming from small-scale solar PV. Hence, the U.S. presents a greater opportunity for managing these DERs, which will ultimately drive the DERMS market.
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