Global Distributed Energy Resource Management System Market Is Predicted To Increase Approximately USD 16 Billion By 2030

Global Distributed Energy Resource Management System Market Anticipated To Augment at a CAGR of 5.7% by 2030

The global distributed energy resource management system industry size was nearly USD 10 Billion in 2022 and is predicted to increase to approximately USD 16 Billion by 2030 along with registering a CAGR of nearly 5.7% from 2023 to 2030.

Generally, distributed energy resource management system assists distribution system operators in proficiently managing the operations of electric grids. In addition to this, it integrates solar, wind, and other kinds of distributed energy resources from the grid. Proper installation of distributed energy resource management systems offers manifold benefits to various businesses. Moreover, these systems control, govern co-ordinates, and handle distributed energy assets of utilities at the regional level. The controlled grid solutions of distributed energy resource management systems are provided through power & voltage manipulation.

Growing renewable energy trends along with swift urbanization leading to humungous demand for electricity will boost the global distributed energy resource management system market trends. The surge in manufacturing activities across various business verticals will prop up the expansion of the distributed energy resource management system market. In addition to this, an increase in the smart grid deployment by various government bodies as well as growing electric vehicle trends will provide impetus to the expansion of the market across the globe. Increasing customer awareness and favorable government policies in tidal, hydro, solar, and wind sectors to embellish the growth of the globally distributed energy resource management system market.

However, growing initial deployment charges impede the scaling up of distributed energy resource management system industry across the globe. Apart from this, huge operating & maintenance costs pose a huge concern for utility service providers, thereby hindering the growth of the industry globally. Nonetheless, the rise in the allocation of funds by various governments for upgrading the aging gird infrastructure will generate new avenues of growth for the global industry.

The global distributed energy resource management system market is divided into applications, components, end-user, and regions. 

In terms of application, the distributed energy resource management system market globally is segmented into solar PV units, wind generation units, energy storage systems, combined heat & power generation systems, and EV charging stations segments. Furthermore, the solar PV units segment is anticipated to register the highest CAGR in the ensuing timespan. The segmental expansion can be attributed to the surge in the requirement for renewable energy sources along with the increase in government investments in the distribution of energy resources with an objective of decarbonizing the sourcing of energy.

On basis of end-user, the global distributed energy resource management system industry is sectored into industrial, commercial, and residential segments. Moreover, the industrial segment is anticipated to record the fastest CAGR during the projected timeline. The segmental expansion can be subject to a huge demand for power supply in the industrial segment due to the rise in the number of industrial establishments across the globe.

Based on the component, the distributed energy resource management system market across the globe is bifurcated into software and services segments. Moreover, the software segment, which dominated the component segment in 2022, is anticipated register massive growth over the projected timespan. The segmental growth can be owing to the consistent requirement for monitoring predictive solutions, configuring real-time data, and effectively handling communication equipment.

The distributed energy resource management system industry in North America is projected to capture a major chunk of the global industry share over the forecasting years. Furthermore, the regional market expansion in the coming eight years can be owing to an increase in the demand for power across various industries in the countries such as the U.S. and Canada. Apart from this, the need of complying with the carbon policies of various states in the countries such as the U.S. will further prop up regional industry growth.

Furthermore, the Asia-Pacific distributed energy resource management system market is slated to witness exponential growth due to an increase in the setting up of power-generating renewable energy projects in countries such as Malaysia, Thailand, Singapore, Indonesia, India, Japan, Taiwan, and China. A rise in the number of industrial units in densely populated countries such as India and China will account majorly toward regional market growth.  

This review is based on a report by Zion Market Research, titled “Distributed Energy Resource Management System Market By Application (Solar PV Units, Energy Storage Systems, Wind Generation Units, Combined Heat & Power Generation Systems, And EV Charging Stations), By Component (Software And Services), By End-User (Industrial, Residential, And Commercial), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030.”- Report at https://www.zionmarketresearch.com/report/distributed-energy-resource-management-system-market

Recent Developments:

• In the third quarter of 2021, Mitsubishi Electric Corporation, a Japan-based electronics & electrical device manufacturing firm, acquired Smarter Grid Solutions, a key provider of distributed energy resources management software solutions for the power utilities sector. The move will help Mitsubishi expand its energy & power portfolio along with entering the new business of offering distributed energy resources management software to the players in the power utilities sector
• In the second half of 2020, Siemens and Green Energy Group of Macquarie joined hands to set up Calibrant Energy, a distributed energy venture. The joint venture provides onsite energy-as-a-service solutions to the end-users that include municipal corporations, corporate & industrial houses, and hospitals. The initiative will expand the scope of growth of the global distributed energy resource management system industry.

Key players in the global distributed energy resource management system industry include:

• Itron
• ABB Ltd.
• Siemens
• Schneider Electric SE
• General Electric Corporation
• ENGIE
• Emerson Electric Co.
• Oracle Corporation
• Generac Holdings Inc.
• Spirae LLC
• Sunverge Energy Inc.
• Mitsubishi Electric Corporation
• Opus One Solutions
• Viridity Energy Solutions Inc.
• Hitachi Ltd.
• Doosan Heavy Industries & Construction
• Kitu System
• PXiSE Energy Solutions LLC
• Blue Pillar
• Enel S.p.A.

The global Distributed Energy Resource Management System Market is segmented as follows:

By Component

• Software
• Services

By Application

• Solar PV Units
• Energy Storage Systems
• Wind Generation Units
• Combined Heat & Power Generation Systems
• EV Charging Stations

By End-User

• Industrial
• Residential
• Commercial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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