Global Distributed Energy Resource Management System (DERMS) Market to Touch USD 1 Billion by 2030

Published | 28 November 2024

Global Distributed Energy Resource Management System (DERMS) Market is thriving due to the rapid adoption of renewable energy, grid modernization, decentralized energy generation, energy efficiency, and regulatory support.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Distributed Energy Resource Management System (DERMS) Market size by value at USD 0.3 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Global Distributed Energy Resource Management System (DERMS) Market size to expand at a CAGR of 18% reaching a value of USD 1.0 billion by 2030. Global Distributed Energy Resource Management System (DERMS) Market is driven by the increasing adoption of renewable energy sources, the growing need for grid reliability and resilience, and advancements in energy storage technologies. Regulatory mandates for carbon emission reductions and incentives for distributed energy resources further fuel market growth. Rising electricity demand, coupled with the integration of smart grids and IoT technologies, supports efficient DER management. Additionally, the proliferation of electric vehicles (EVs) and microgrid solutions enhances DERMS adoption.

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Opportunity – Grid Modernization and Integration of DERs

Global Distributed Energy Resource Management System (DERMS) Market is driven by the modernization of electricity grids and the increasing adoption of distributed energy resources (DERs) like solar panels, wind turbines, and battery storage. Utilities and grid operators are deploying DERMS to optimize grid stability and efficiency amid the growing complexity of managing decentralized energy sources. The transition supports the integration of renewable energy, enhances grid resilience, and enables real-time monitoring, addressing the evolving needs of modern energy infrastructure.

Impact of Escalating Geopolitical Tensions on Global DERMS Market

Escalating geopolitical tensions could significantly impact Global Distributed Energy Resource Management System (DERMS) Market, driving the demand for localized energy solutions. Countries seek energy independence to reduce reliance on unstable international supply chains, spurring investments in distributed energy systems like solar, wind, and energy storage. However, tensions may also disrupt the supply of critical components such as semiconductors and rare earth materials, leading to higher production costs. Policy shifts and regional alliances further shape market dynamics, emphasizing resilience and diversification.

Industrial Segment Leads Global DERMS Market

The industrial segment holds the leadership position in Global Distributed Energy Resource Management System (DERMS) Market, due to the rising use of distributed energy solutions like renewable energy systems and energy storage in industrial settings. Industries focus on DERMS to improve energy efficiency, cut operational costs, and achieve sustainability objectives. Further, the growing adoption of smart grids and microgrids in industrial environments boosts the demand for DERMS, ensuring efficient, reliable, and optimized energy distribution and management.

Competitive Landscape

Global Distributed Energy Resource Management System (DERMS) Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include General Electric, Siemens AG, Schneider Electric, Enel X, Spirae, GridPoint, Itron, Mitsubishi Electric, Hitachi, Oracle, EnergyHub, and IBM. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Global Distributed Energy Resource Management System (DERMS) Market.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Distributed Energy Resource Management System (DERMS) Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Distributed Energy Resource Management System (DERMS) Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Scope of the Report

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