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.
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 – 2022-2030
- 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
Distributed Energy Resource Management System Market Segmentation
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)
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- ABB Ltd.
- Autogrid Systems, Inc.
- Black & Veatch Holding Co.
- Blue Pillar
- Doosan Gridtech, Inc.
- Enbala Power Networks, Inc.
- Engie SA
- General Electric Co.
- Itron Inc.
- Luxoft Holding, Inc.
- Operation Technology, Inc. (Etap)
- Opus One Solutions Energy Corp.
- Sensus Worldwide Holdings Ltd.
- Schneider Electric
- Siemens AG
- Smarter Grid Solutions
- Sunverge Energy Inc.
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