The distributed energy resource management refers to DERMS. It allows controlling the distribution grids with a specific range of connected distributed energy production assets and also capitalizes on the advantages from the distributed resources which comprise of the meter or big utility grade resources. DERMS plays a crucial role in providing increased energy demand.
Some of the major features include managing of various distributed energy resources (DER)& traditional distribution assets, DER forecasting, integrates with ADMS (Advanced data management system) and drives voltage profile (volt or VAR optimization). Additionally, some of the key benefits are network visibility at the grid edge, significantly increasing network hosting capacity for DERs, reduce capital expenditure on the centralized generation and grid reliability & performance.
According to the study, “Global Distributed Energy Resource Management system Market Size study, by Type (Solar PV, Wind, Energy Storage, Combined Heat & Power, Others), by Application (Government & Municipalities, Industrial, Commercial, Residential, Military) and Regional Forecasts 2018-2025” some of the major companies that are currently working in the globally distributed energy resource management system market are Grid Solutions, Siemens AG, ABB Ltd, Open Access Technology International Inc, Blue Pillar Inc., SpiraeInc, Doosan Gridtech, Inc, Schnieder Electric, General Electric, Enbala Power Networks Inc., Enernoc, Inc, Sunverge Energy Inc., Autogrid Systems, Inc.
Based on type, globally distributed energy resource management system market is segmented into energy storage, wind, solar PV, combined heat & power and others. Based on software divisions, the market is segmented into virtual power plants, control & management, and analytics. Based on application, the market is segmented into industrial, residential, government & municipalities, commercial, military, and others.
The globally distributed energy resource management system is driven by insufficient centralized electricity supply, a paradigm shift in the energy generation towards the development of green technology, and increased awareness reducing carbon footprint to turn down with the revised FIT (Feed in Tariff) rate. Apart from this, a price reduction is projected to overcome the limitation. Reduction in the use of fossil fuel with their rise prices is expected to impact the costs of energy generation. Over the forecast period, it is expected that the renewable systems to remain as price competitive and at the same time, expected to be the most inexpensive alternative for off-grid electrification. The decline in the unit price of the electricity generated expected to add to new prospects& opportunities in the global energy resource management market. In addition, an increase in smart grid & microgrid deployment is a key opportunity for the market. Moreover, cybersecurity issues are associated with the energy sector adds to a primary challenge to this market.
Globally, North American region holds the foremost market share followed by Europe. The growth of the market is projected to continue over the forecast period in the developed regions. Various factors, for instance, adding to the supportive government regulations, with the growing demand & popularity of the recently developed security systems, growing implementation of IoT & associated services and technical breakthroughs in the field of energy & power generation to propel the growth of the market in North America& European region. The global market in the Asia Pacific region is expected to enlarge at a rapid rate in the upcoming years.
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Global Distributed Energy Resource Management system Market
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