Distributed energy resource management system market is anticipated to grow at a significant CAGR of 15.5% during the forecast period (2023-2030). The rising inclination of governments towards clean energy, rising awareness towards conservation and use of renewable energies is a key factors driving the growth of the distributed energy resource management system market across the globe. As per REN21, the global renewable energy capacity has reached around 2,588 GW in 2019 as compared to 2,387 GW in 2017 (including hydropower). Around 200 gigawatts (GW) capacity was added in 2019. For the fifth constant year (2014-2019), the net installation of renewable energy is higher than the net installation of fossil fuel and nuclear fuel combined.
Renewable sources accounted for more than 27.3% of global electricity generation by the end of 2018.Solar photovoltaic (PV) is the largest contributor to the renewable energy sector with around 57.0% that is around 115 GW. It is followed by wind power with 30.0% with 60 GW and hydropower with 8.0% with 16 GW. More than 90 countries have installed more than 1 GW of renewable generating capacity out of which 32 countries exceeded 10 GW of capacity. In 2019, the global renewable energy sector attracted an investment of $301.7 billion as compared to $296 billion in 2018. The growing renewable industry is likely to promote adoption of distributed energy resource management system which in turn will drive the market growth.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
By Software
- By technology
- By End-User
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Engie SA, General Electric Co., Itron Inc., Luxoft Holding, Inc., and Operation Technology, Inc. (ETAP), among others.
Distributed Energy Resource Management System Market Segmentation
By Software
- Analytics
- Management & Control
- Virtual Power Plant & Simulation
By Technology
- Solar PV
- Wind Power
- Energy Storage
- Biogas
- Others (Biogas & Geothermal)
By End-Users
- Industrial
- Commercial
- Residential
- Government
- Others (Defense)
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- ABB Ltd.
- Autogrid Systems, Inc.
- Black & Veatch Holding Co.
- Blue Pillar
- Doosan Gridtech, Inc.
- Enbala Power Networks, Inc.
- Engie SA
- General Electric Co.
- Itron Inc.
- Luxoft Holding, Inc.
- Operation Technology, Inc. (Etap)
- Opus One Solutions Energy Corp.
- Sensus Worldwide Holdings Ltd.
- Schneider Electric
- Siemens AG
- Smarter Grid Solutions
- Sunverge Energy Inc.
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