Distributed Energy Resources (DERs) Management Systems Market Growth, Trends, Revenue, Business Challenges and Future Sh

Market Insights

As per recent research by MarkNtel Advisors, 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.

Global Distributed Energy Resources (DERs) Management Systems Market 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.

Additionally, the power infrastructure of several countries has become old, causing power outage issues. As per the Department of Energy, the majority of the power infrastructure is 40 to 60 years old. Thus, there is a dire need for renovation and the authorities have been upgrading the outdated power infrastructure. This, in turn, would enhance the requirement for solutions that adequately help in supplying electricity, ensuring the Global DERs Management Systems Market growth in forecast years.

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Market Segmentation and Consumer Behavior:

By Software

Analytics- Market Size Forecast 2019-2030, USD Million
Virtual Power Plant- Market Size Forecast 2019-2030, USD Million
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

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Distributed Energy Resources (DERs) Management Systems Market Geographical Analysis:

By Region:

North America
South America
Europe
The Middle East Africa
Asia-Pacific

Key Players and Competitive Strategies in the Distributed Energy Resources (DERs) Management Systems Market

Several prominent players dominate the Distributed Energy Resources (DERs) Management Systems Market, including:

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

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Questions Addressed in this Study

1.What factors are driving the Distributed Energy Resources (DERs) Management Systems Market growth?

2.How is the Distributed Energy Resources (DERs) Management Systems Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Distributed Energy Resources (DERs) Management Systems Market?

4.What is the current size of the Distributed Energy Resources (DERs) Management Systems Market, and how is it projected to change in the future?

5.What is the future outlook for the Distributed Energy Resources (DERs) Management Systems Market in terms of technological advancements and market expansion?

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