Distributed Energy Resources (DERs) Management Systems Market Share, Size and Future Projections 2024-2030FY

Global Distributed Energy Resources (DERs) Management Systems Market Overview and Insights:

Distributed Energy Resources (DERs) Management Systems Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

What is the Future Market Size of the Distributed Energy Resources (DERs) Management Systems Industry and its Yearly Growth Rate?

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. The factors attributing to the growth in the demand for these management solutions are the upgradation of the power grid lines, the establishment of smart cities & homes, and the inclination towards renewable and sustainable power solutions.

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Who are the Main Competitors Driving the Global Distributed Energy Resources (DERs) Management Systems Market Forward?

The prominent players essentially operating in the Distributed Energy Resources (DERs) Management Systems Market are as follows:

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
Others

What are the key Drivers Defining the Global Distributed Energy Resources (DERs) Management Systems Market Size?

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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What is the Segmentation of the Global Distributed Energy Resources (DERs) Management Systems Market?

The Distributed Energy Resources (DERs) Management Systems market covered in this report is segmented –

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

Of them all, EV Charging Stations hold a dominant market share in the Global Distributed Energy Resources (DERs) Management Systems Market.

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
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific

Key Questions Answered in the Research Report

What is the predicted Distributed Energy Resources (DERs) Management Systems market size and growth rate for the years 2024-30?
What challenges are restricting the growth of the Distributed Energy Resources (DERs) Management Systems market?
Which segment accounted for the largest market share in the Distributed Energy Resources (DERs) Management Systems market?
Which prominent companies are leading growth in the Distributed Energy Resources (DERs) Management Systems market?
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