Distributed Energy Resource Management Market Scenario

A substantial increase in the energy regulations coupled with advances in technology have driven a noteworthy upsurge in the volume of distributed energy resources (DERs) on a global scale. The management of distribution grids remains one of the prime challenges that distribution utilities are confronted with. This has raised the adoption of distributed energy resource management (DERMS) among the residential as well as the commercial sector. The DERMS is still a nascent market and is likely to proliferate in the coming years. The global DERMS market is anticipated to expand at a CAGR of 16.50% over the forecast period of 2016-2023, asserts Market Research Future (MRFR) in a minutely analyzed study.

Distributed energy resource management (DERMS) is the management of distribution grid which is integrated with distributed energy resources (DERs). In order to tackle the current challenges related to distribution grid, electric utilities need new set of tools to manage highly penetrated DERs. These tools are a combination of different hardware and software that are integrated together in order to manage these resources properly.

Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/7259

Industry Highlights

Distributed Energy Resource management is a module which manages the DERs and traditional distribution assets such as capacitor banks, voltage regulators, and tap changers. This management system increases the grid reliability and performance of the DERs by significantly reducing the voltage excursions and maintain higher network stability.

The global Distributed Energy Resource management market is set to witness significant growth due to increasing share of renewable power generation as well as growing government mandates and updated policies. For instance, substantial amount of capital has been invested in solar, energy storage, and customer energy management by almost 42 electric utilities. By building a strong portfolio of DER companies, electric utilities are exploring the potential value of DERs and their ability to increase customer engagement.

Moreover, the modern grid is facing lot of evolutionary changes with regards to the adoption of more and more distributed energy resources. Increasing dependence on renewable energy resources is resulting into increasing complexity in the grid network. In order to minimize this complexity, electric utility operators are focusing on adopting a foolproof system which would help to manage these Many major companies around the globe are focusing on updating their offering with adding DERMS.

Browse Full Research Report at: https://www.marketresearchfuture.com/reports/distributed-energy-resource-management-market-7259

Industry Segmentation

The Distributed Energy Resource management market has been segmented based on end-user as industrial, government & municipalities, Commercial, residential, and military. Among these end-users, industrial segment is the largest segment in the distributed energy resource management market due to increasing investments being made by major players in setting up the DERMS platform. For instance, General Electric has invested in Enbala through GE energy ventures has also been committed to offer DERMS with collaborating with DUKE Energy’s Coalition of the Willing and Nice Grid Project. All these factors are likely to drive the market for Distributed Energy Resource management.

Leading Players

The key players of the global Distributed Energy Resource management market are 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., and Enernoc, Inc., among others

Scope of the Report

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global Distributed Energy Resource management market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis.

Also Read: https://www.marketwatch.com/press-release/distributed-energy-resource-management-market-2019-global-industry-size-emerging-technologies-comprehensive-research-study-business-strategy-top-leaders-business-growth-and-comprehensive-research-study-till-2023-2019-02-06

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future

+1 646 845 9312

Email: [email protected]

You may also be Interested in

Distributed Control System Market Report: Information by Component (Hardware, Software, Services), Application (Continuous, Batch-Oriented), End-Use (Oil & Gas, Power Generation, Chemicals, Pharmaceutical, Metal & mining), Region - Global Forecast till 2023

https://www.marketresearchfuture.com/reports/global-distributed-control-system-market-1698

Global Outage Management System Market Information by Type (Integrated OMS and Standalone OMS), End User (Public and Private Utilities) and by Region - Forecast to 2023

https://www.marketresearchfuture.com/reports/outage-management-system-market-2745