Distributed Energy Resources (DERs) Management Systems Market Hits USD 401 Million in 2023, With an Estimated CAGR of 17

This comprehensive Global Distributed Energy Resources (DERs) Management Systems Market report by “MarkNtel Advisors: Leading Market research Company” offers valuable insights into the current and future market landscape, providing clarity on potential challenges and strategies for optimal brand positioning. It features detailed market segmentation, in-depth analysis of key market players, emerging trends in consumer behavior and supply chain dynamics, and opportunities in new geographical markets. With the insights from this report, you can manage your marketing strategies for goods and services more effectively.

According to recent market analysis report, 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., 2024-2030.

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Driving Force Behind the Growth of the Distributed Energy Resources (DERs) Management Systems Market through 2030

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.

Market Segment Highlights:

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. In recent years, the gradual shift towards sustainable vehicles has resulted in higher sales of EVs. Approximately 14 million electric cars were registered across the globe in 2023, states the International Energy Agency (IEA). The higher electric vehicle demand is accentuating the requirement for their charging infrastructure. The EV charging stations are based on these management solutions since they help the operators monitor, manage, and adjust energy consumption and provide optimal charging demand response.

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

Distributed Energy Resources (DERs) Management Systems Market Regional Outlook:

North America
South America
Europe
The Middle East Africa
Asia-Pacific.

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Distributed Energy Resources (DERs) Management Systems Market Competition Analysis:

Some of the top Distributed Energy Resources (DERs) Management Systems companies operating in the market are 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, and others..

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