Distributed energy resource management system market is anticipated to grow at a significant CAGR of 15.5% during the forecast period (2023-2030). The distributed energy resource management system is a platform which facilitates distribution system operators to manage their grids that are mainly based on distributed energy resources (DER). Growing urbanization and significant electrification in rural areas are increasing the electricity consumption that generated the demand for reliable and efficient power source which can be delivered through smart grids. Cohesive government policies, schemes, funding, and grants for the installation of advanced metering solutions across the globe is accelerating the demand for these systems.
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For instance, in December 2017, the Indian government had made it mandatory to install smart meters for the consumers having electricity consumption of 500 units or more. The rise in number of smart city projects and increase in the number of sales of EVs (electric vehicles) across the globe is anticipated to create growth opportunities for the investment in smart grids which will further drive the market growth.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Distributed Energy Resource Management System Market Report Segment
By Software
- Analytics
- Management & Control
- Virtual Power Plant & Simulation
By Technology
- Solar PV
- Wind Power
- Energy Storage
- Biogas
- Others (Biogas & Geothermal)
By End-Users
- Industrial
- Commercial
- Residential
- Government
- Others (Defense)
Global Distributed Energy Resource Management System Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global distributed energy resource management system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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