"Actionable Insights to Fuel Your Growth"
A small scale unit of power generation that operates locally is called a distributed energy resource, it is also connected to a large power grid at the distribution level. DER management system allows utilities to manage distribution grids with a range of connected distributed energy generation assets. It is the less expensive option for the construction of large, central power plants & high voltage transmission lines. It is fast and also offers consumers the potential of low cost, high service reliability, & energy independence. In addition, the environmental benefit is offered due to the use of renewable distributed energy generation technologies and green power such as wind, geothermal, biomass, and hydroelectric.
On the basis of technology, the distributed energy resource management system market is categorized by solar PV, wind, energy storage, combined heat & power, others. The continuous increase in solar PV installation in the household sector and in commercial buildings is expected to drive the market. The analytics software sub-segment is expected to hold the largest share as it is the intelligence system that provides value to the operators and also keeps track of how particular DER operates.
To gain extensive insights into the market, Request for Customization
The rapid increase in the share of renewable power generation and continuous growing government mandates & policies are the key restraints for the market. In addition, the shift from centralized to distributed generation and the growing number of distributed energy resources are playing a major role in the growth of the market. Decreasing the cost of solar PV and energy storage has also upsurged the market.
The high initial investment is the major hindrance for the distributed energy resource management system market. Depleting fossil fuel coupled with their rising prices impacts the cost of energy generation. In addition, regulatory issues related to different DER and cybersecurity issues associated with the energy sector are one of the key restraints for the market.
Some of the major companies that are present in distributed energy resource management system market are ABB Ltd., Autogrid Systems, Inc., AGL Energy, Siemens AG, Danfoss Group, ENGIE North America Inc., Mitsubishi Electrical Co, Ltd., Open Access Technology International, Inc., Fuji Electric Holdings, General Electric, Doosan Gridtech, Inc., Emerson Electric Co., Spirae, Inc., Blue Pillar, Inc., Sunverge Energy, Inc, Schneider Electric, Enbala Power Networks, Inc., Rockwell Automation, and Yaskawa Electric Corporation.
· Solar PV
· Energy Storage
· Combined Heat & Power
· Management & Control
· Virtual Power Plants
· Government & Municipalities
· North America (the USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
The distributed energy resource management system market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market is a dominant player in the DER market due to an increase in demand for the advanced security system, energy and power generation, supportive government regulations, and increasing adoption of IoT (internet of things) and related services. Europe is expected to contribute to development for the distributed energy resource management system market as energy is consumed by different sectors of the economy: households (i.e. energy consumed in the residential sector), transport industry, services (including commercial and public services) and agriculture & forestry. Asia-Pacific is expected to expand at a faster rate due to growth in hydropower and an exponential rate of growth in wind and solar energy are highly consumed across residential, industrial and manufacturing sectors. In addition, developing economies such as India and China are inviting global players to enter their market, which will help in the growth of the overall market. The GCC region has significant potential for renewable energy, especially for the generation of solar photovoltaic (PV). The United Arab Emirates (UAE) hosts nearly 79 percent of the GCC's installed solar photovoltaic capability and has attracted some low-cost solar photovoltaic projects. While the concentrated solar power (CSP) resource base in the arid region is less ideal.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry