Distributed Energy Resource Management System Market by Software (Virtual Power Plant, Management & Control, Analytics), by Application (Solar, Energy Storage, Wind, EV Charging Stations, Others), by End-user (Residential, Commercial, Industrial & Utilities), by North America (U.S., Canada), by Europe (U.K., Germany, France, Italy, Spain, Netherlands, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Southeast Asia, South Korea, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by Middle East & Africa (South Africa, GCC, Egypt, Turkey, Rest of Middle East & Africa) Forecast 2024-2032
The Distributed Energy Resource Management System Market size was valued at USD 0.49 USD Billion in 2023 and is projected to reach USD 1.59 USD Billion by 2032, exhibiting a CAGR of 18.3 % during the forecast period. Distributed Energy Resource Management System is an entity which includes both – hardware and software – that helps the management and optimization of electricity generated from decentralized energy sources. DERMS, the integrated platform that combines different distributed energy resources (DERs) including solar panels, wind turbines, battery storage systems and demand response programs, enables grid operators and utilities to monitor, control and optimize these resources in real time. DERMS play role in intensity of demand response, grid stability, integration of renewables and microgrids management. An ongoing development is utilization of machine learning and AI in forecasting and coordinating DERs and also in implementing DERMS technology together with advanced grid components that deliver stability and flexibility to the grid. With the world moving towards decentralized and renewable energy systems, the DERMS market is looking at a tremendous growth and innovation.
Software:
Application:
End-user:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 18.3% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 18.3% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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