derms market, distributed energy resource management system market size, distributed energy resource management system market share, distributed energy resource management system market growth, distributed energy resource management system market demand, distributed energy resource management system market segments
How big is the distributed energy resource management system market today, and what are its future growth expectations?
The distributed energy resource management system market size has grown rapidly in recent years. It will grow from $0.55 billion in 2024 to $0.64 billion in 2025 at a compound annual growth rate (CAGR) of 17.3%. The growth in the historic period can be attributed to rise of renewable energy adoption, increase in energy demand, rise in government incentives and regulations, increase in push for grid modernization, and growth in concerns over energy efficiency and sustainability.
The distributed energy resource management system market size is expected to see rapid growth in the next few years. It will grow to $1.2 billion in 2029 at a compound annual growth rate (CAGR) of 17.0%. The growth in the forecast period can be attributed to increasing adoption of renewable energy sources, rising demand for energy efficiency, growing deployment of smart grids, expanding use of electric vehicles, increasing supportive government policies, and rising need for improved grid resilience and reliability. Major trends in the forecast period include advancements in AI-driven grid optimization, integration of renewable energy sources, adoption of IoT and smart sensors, advancements in virtual power plant (VPP) capabilities, enhanced cybersecurity measures, adoption of blockchain for energy transactions, and adoption of cloud-based platforms for real-time energy management.
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What have been the primary factors driving the distributed energy resource management system market’s growth?
The increasing adoption of renewable energy sources is expected to propel the growth of the distributed energy resource management system market going forward. Renewable energy sources refer to naturally occurring resources such as sunlight, wind, water, and organic materials that are used to produce energy. The adoption of renewable energy sources is rising due to growing environmental concerns, advancements in technology, and the need for energy security. Distributed energy resource management system optimizes the integration and performance of renewable energy sources by coordinating and balancing their output with demand, thereby enhancing grid stability and efficiency. For instance, in February 2024, according to the World Resources Institute, a US-based non-profit organization, the United States achieved a historic milestone in 2023 with the installation of 31 gigawatts (GW) of solar energy capacity. This represented a remarkable 55% increase from 2022 and exceeded the previous record set in 2021. Therefore, the increasing adoption of renewable energy sources is driving the growth of the distributed energy resource management system market.
What are the key segments within the distributed energy resource management system market?
The distributed energy resource management system market covered in this report is segmented –
1) By Component: Virtual Power Plant (VPP); Management And Control; Analytics; Software Services
2) By Technology: Wind Distributed Energy Resources; Photovoltaic (PV) Distributed Energy Resources
3) By End-User: Residential; Commercial; Industrial And Utilities
Subsegments:
1) By Virtual Power Plant (VPP): Grid Aggregation VPP; Renewable Energy Integration VPP; Battery Storage-based VPP; Demand Response-based VPP; Microgrid-based VPP; Hybrid VPP (combining multiple energy sources)
2) By Management and Control: Energy Dispatch Control; Load Balancing and Optimization; Demand-Side Management (DSM) Systems; Real-time Monitoring and Control; Frequency and Voltage Regulation
3) By Analytics: Predictive Analytics for Energy Generation; Demand Forecasting Analytics; Performance Optimization Analytics; Asset Management Analytics; Real-time Data Analytics
4) By Software Services: Cloud-based DERMS Solutions; On-premise DERMS Software; Energy Trading and Market Participation Software; Integration and Interoperability Software; Energy Efficiency Management Software
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Which key players are shaping the distributed energy resource management system market?
Major companies operating in the distributed energy resource management system market areEngie SA, Hitachi Ltd., Tesla Inc., Siemens AG, General Electric Company, Oracle Corporation, Schneider Electric SE, Mitsubishi Electric Corporation, Honeywell International Inc., ABB Ltd., LONGi Group, Emerson Electric Co., Doosan Group, Goldwind Science & Technology Co. Ltd., Energy Hub Inc., Generac Holdings Inc., Itron Inc., Enel X, Open Access Technology International Inc., Spirae LLC, Uplight Inc., GreenSmith Energy Management Systems Inc., AutoGrid Systems Inc., Smarter Grid Solutions, Envision Group
How will emerging trends drive the distributed energy resource management system market throughout the forecast period?
Major companies operating in the distributed energy resource management system market are integrating cloud computing into distributed energy resource management system to enhance real-time data processing, improve scalability, and optimize energy management across distributed networks. Cloud computing enables centralized data processing, storage, and access, allowing for remote monitoring and control of distributed assets. For instance, in July 2023, Schneider Electric SE, a France-based energy management company partnered with PG&E Corporation, a US-based energy utility company, launched EcoStruxure DERMS. It is a cloud-based software platform that optimizes distributed energy resources such as solar panels, electric vehicles, and battery storage. The platform operates on Microsoft Azure, allowing for real-time data collection and analysis of distributed energy resources. This enables grid operators to have improved visibility and control over energy resources.
How do regional factors impact the distributed energy resource management system market, and which region is the largest contributor?
North America was the largest region in the distributed energy resource management system market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the distributed energy resource management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Distributed Energy Resource Management System Market Report 2025 Offer?
The distributed energy resource management system market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Distributed energy resource management system (DERMS) is a software solution designed to optimize and control various distributed energy resources such as solar panels, batteries, and wind turbines. It ensures efficient integration of these resources into the grid, improving energy reliability and grid stability.
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