According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Distributed Energy Resources Management Systems Market – Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
Global Distributed Energy Resources Management Systems Market Analysis and Size
The Global Distributed Energy Resources (DERs) Management Systems Market size was valued at around USD 401 million in 2023 and is projected to reach around USD 1,334 million by 2030. Along with this, the market is estimated to grow at a CAGR of about 17.03% during the forecast period, i.e., 2024-30.
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Some of the major players operating in the Distributed Energy Resources Management Systems Market are ABB Ltd., General Electric, Siemens AG, Schneider Electric, Oracle Corporation, Itron, Autogrid Systems Inc., Mitsubishi Electric Corporation, Opus One Solutions, Emerson Electric Co., Generac, Enel, Doosan Corporation, EnergyHub, Engie SA, and others..
Distributed Energy Resources Management Systems Market Growth Driver:
Expansion of Power Grid Lines Amplifying Market Growth – Over the years, the population across the globe has increased substantially. As per the World Bank Statistics, in 2022, the total population reached around 7.95 billion, an increase of about 60 million people compared to 2021. Along with this, there has been a rise in urbanization across the region, like Asia-Pacific & South America. This is resulting in higher requirements for the residential spaces that need the power. Therefore, private entities are actively expanding their power gridlines to fulfill the requirements of the customers and make electricity accessible to the mass population. For instance, in 2022, Iberdrola announced an investment of around USD 45 billion to extend the grid network in the US. This expansion of electricity network infrastructure requires solutions that help in overall power management & distribution, thus supporting the Global DERs Management Systems Industry.
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Market Segment and Geographical Analysis
By Software
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- Management & Control- Market Size & Forecast 2019-2030, USD Million
By Application
- Solar Photovoltaic (PV) Units- Market Size & Forecast 2019-2030, USD Million
- Wind Generation Units- Market Size & Forecast 2019-2030, USD Million
- Energy Storage Systems- Market Size & Forecast 2019-2030, USD Million
- Combined Heat & Power Generation Systems- Market Size & Forecast 2019-2030, USD Million
- EV Charging Stations- Market Size & Forecast 2019-2030, USD Million
- Others – Market Size & Forecast 2019-2030, USD Million
By End User
- Industrial- Market Size & Forecast 2019-2030, USD Million
- Residential- Market Size & Forecast 2019-2030, USD Million
- Commercial- Market Size & Forecast 2019-2030, USD Million
- Utilities- Market Size & Forecast 2019-2030, USD Million
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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