Global Distributed Energy Resources Management System (DERMS) Market, By Technology (Solar PV, Wind, CHP (Combined Heat & Power), Energy Storage, Other), Software (Analytics, Virtual Power Plants, Management & Control), End-User (Infrastructure, Power, Oil & Gas, Automotive, Aerospace, Mining, Marine, Water & Waste Water, Food & Beverages, Semi-conductors, Pulp & Paper, CPG, HPC, Entertainment, Life Sciences, Others) – Industry Trends and Forecast to 2031.
Distributed Energy Resources Management System (DERMS) Market Analysis and Size
The growing demand for renewable energy generation is the major that is expected to drive the market. On the other hand, regulatory issues related to DERs may act as restraining factors. The growing awareness for clean energy and renewables proves to be an opportunity. However, the threat to utilities from reductions in revenue could prove to be a challenge.
Data Bridge Market Research analyses that the global distributed energy resources management system (DERMS) market, which was USD 815.31 million in 2023, is likely to reach USD 1,402.58 million by 2031 and is expected to undergo a CAGR of 15.8% during the forecast period. “Solar PV” dominates the technology segment of the market due to the high demand for this technology in the market. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Distributed Energy Resources Management System (DERMS) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2022
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Historic Years
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2021
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Technology (Solar PV, Wind, CHP (Combined Heat & Power), Energy Storage, Other), Software (Analytics, Virtual Power Plants, Management & Control), End-User (Infrastructure, Power, Oil & Gas, Automotive, Aerospace, Mining, Marine, Water & Waste Water, Food & Beverages, Semi-conductors, Pulp & Paper, CPG, HPC, Entertainment, Life Sciences, Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Peru, Rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Kuwait, Egypt, Rest of Middle East & Africa
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Market Players Covered
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Google (U.S.), IBM Corporation (U.S.), Amazon (U.S.), Microsoft (U.S.), VMware, Inc. (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Dell Inc (U.S.), Huawei Technologies Co., Ltd.(China), FUJITSU (Japan), Nutanix (U.S.), Microsoft (U.S.), NetApp (U.S.), Quantum Corporation (U.S.), Scale Computing (U.S.), DataCore Software (U.S.), Maxta (U.S.), SANGFOR TECHNOLOGIES (China), SAP SE (Germany)
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Market Opportunities
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Market Definition
A distributed energy resources management system (DERMS) is a platform that helps distribution system operators (DSO) to manage their grids which are based on distributed energy resources (DER). In addition, it is a software platform used to organize the operation of the aggregated DER within a power grid. The usual DERMS application is found at the distribution grid level. The system typically requires a more full-fledged integration of various other systems, such as a distribution management system (DSM), for integrating it with a utility. Furthermore, an outage management system (OMS) or a supervisory control and data acquisition (SCADA) system is usually needed to provide all DERMS functionality.
Global Distributed Energy Resources Management System (DERMS) Market Dynamics
Drivers
- Increasing investments by data center companies in hyper-scale data centers
Various data center companies have invested highly in hyper-scale data centers, which will be expected to generate lucrative market growth opportunities. Last year, Equinix announced plans to construct around 32 hyper-scale data centers in a few major markets in Europe. With a total capacity of around 600 megawatts and above USD 6.9 billion in investment, the company goals to gain a better position in the rising landscape of hyper-scale data centers. Such growth in the region's data centers will increase the demand for the region's HCI market.
- Increasing demand for data security
A growing number of remote workers has generated new security challenges for businesses during the forecast period. Distributed energy resources management system (DERMS) provides a scalable and secure infrastructure for these services, which supports businesses to protect their data and decrease cyberattack risks. Overall, the growing demand for data security in businesses is a major factor likely to drive the growth of the distributed energy resources management system (DERMS) market.
Opportunities
- The multiple advantages associated with Distributed Energy Resources Management System (DERMS)
Organizations need storage performance that is fast and reliable. Distributed Energy Resources Management System (DERMS) offers safe and secure infrastructure and consolidates resources, streamlines management, and lowers costs by integrating networking and computation into a single system. These advantages have led to the augmented adoption of distributed energy resources management system (DERMS) in many enterprises. As a result, the increases, likely enhancing market growth.
- The growing acceptance of the cloud platforms for businesses
The increasing acceptance of cloud platforms for businesses, mainly in developing countries, is expected to increase the market growth. The increasing adoption of digital technology for customer engagement is growing the company's focus on business expansion and developing new products.
Restraints/Challenges
- Increasing limitations on Distributed Energy Resources Management System (DERMS) standards
Growing limitations on DERMS standards are expected to obstruct the market's growth during the forecast period. For instance, problems with cloud compatibility and scalability can create major problems for organizations or enterprises that want to deploy distributed energy resources management system (DERMS) systems.
- High cost associated with implementation
Distributed energy resources management system (DERMS) products normally carry a premium price tag because there is no integrated interoperability between seller offerings. Aggregated nodes can enforce undesirable capital charges for resources that might not all be required. Furthermore, maintenance contract and software licensing costs can increase recurring distributed energy resources management system (DERMS) costs. These factors will hamper the market growth.
This distributed energy resources management system (DERMS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the distributed energy resources management system (DERMS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In November 2020, Hitachi ABB Power Grids announced that they had signed a 5-year contract with Dubai Electricity and Water Authority (DEWA) to provide energy solutions. Under this agreement, the company will supply, install, test, and commission 15 new substations and refurbish and upgrade 18 existing substations across Dubai. Thus, the company will supply its MicroSCADA solution helping to protect, control, measure, and supervise power systems
- In October 2020, Snohomish County PUD (SnoPUD) had collaborated with Doosan GridTech to integrate two electric vehicle-to-grid chargers within its DERMS. The V2G stations can charge the vehicle and allow the energy stored to flow back to the grid, and provide support during an outage. With this, the company will help customers to maximize the value of owning an electric vehicle
Global Distributed Energy Resources Management System (DERMS) Market Scope
The distributed energy resources management system (DERMS) market is segmented on the basis of technology, software, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Solar PV
- Wind
- CHP (Combined Heat & Power)
- Energy Storage
- Others
Software
- Analytics
- Virtual Power Plants
- Management & Control
End-User
- Infrastructure
- Power
- Oil & Gas
- Automotive
- Aerospace
- Mining
- Marine
- Water & Wastewater
- Food & Beverages
- Semi-Conductors
- Pulp & Paper
- CPG
- HPC
- Entertainment
- Life Sciences
- Others
Distributed Energy Resources Management System (DERMS) Market Regional Analysis/Insights
The distributed energy resources management system (DERMS) market is analyzed and market size insights and trends are provided by country, technology, software, and end-user as referenced above.
The countries covered in the market report are the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina, Peru, rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Kuwait, Egypt, and rest of Middle East & Africa.
North America is expected to dominate the market because of the strong base of automotive facilities and the strong presence of major players in the market.
Asia-Pacific is expected to witness significant growth due to the increase in government initiatives to promote awareness, rise in automotive facilities, growing research activities in the region, availability of massive untapped markets, and large population pool.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
ICT Infrastructure growth Installed base and New Technology Penetration
The distributed energy resources management system (DERMS) market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for distributed energy resources management system (DERMS) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the distributed energy resources management system (DERMS) Market. The data is available for historic period 2010-2020.
Competitive Landscape and Global Distributed Energy Resources Management System (DERMS) Market Share Analysis
The distributed energy resources management system (DERMS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to distributed energy resources management system (DERMS) market.
Some of the major players operating in the distributed energy resources management system (DERMS) market are:
- Google (U.S.)
- IBM Corporation (U.S.)
- Amazon (U.S.)
- Microsoft (U.S.)
- VMware Inc. (U.S.)
- Hewlett Packard Enterprise Development LP (U.S.)
- Dell Inc (U.S.)
- Huawei Technologies Co. Ltd. (China)
- FUJITSU (Japan)
- Nutanix (U.S.)
- NetApp (U.S.)
- Quantum Corporation (U.S.)
- Scale Computing (U.S.)
- DataCore Software (U.S.)
- Maxta (U.S.)
- SANGFOR TECHNOLOGIES (China)
- SAP SE (Germany)
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