Distributed Energy Resource Management System Market Size Worth USD 2591.7 Million in 2032 | Emergen Research

The global distribution energy resource management system market size was USD 487.9 million in 2022 and is expected to register a revenue CAGR of 18.2% during the forecast period. Increasing investments in distributed energy resources (DERs) coupled with a focus on decarbonization and grid modernization initiatives are driving the revenue growth of the distribution energy resource management system (DERMS) market. According to a recent market research report, factors such as rising demand for efficient energy management systems across various industries and the growing penetration of renewable energy sources are fueling this growth trend.
DERMS enable utilities to effectively manage a variety of distributed energy resources, both individually and collectively, through the use of DER Management Systems (DERMS). These systems provide utilities with avenues to enhance distribution grid operations, create value for end customers, and participate in the energy market efficiently.

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One significant driver of market growth is the adoption of Energy Management Systems (EnMS) by industrial, commercial, and public sector organizations. EnMS frameworks help identify opportunities for energy-saving technologies adoption, contributing to the enhancement of DERMS capabilities.
In a notable example, Yokogawa, a Japan-based company, was selected to provide an Energy Management System (EMS) for ENGIE and Mitsui's green hydrogen initiative in Western Australia's Pilbara region in September 2023. This EMS, developed by Yokogawa's subsidiary, PXiSE Energy Solutions, will integrate with a control system utilizing Yokogawa's collaborative information server solution.
However, the high initial installation cost of DERMS remains a significant restraint for market growth. The substantial upfront investment required can pose a challenge, particularly for smaller businesses or entities with limited capital resources, potentially leading to delays or reluctance in implementation.
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Market Segment Insights:

Component:
• Software Segment: Expected to register rapid revenue growth, as software plays a crucial role in organizing the operation of aggregated DER within a power grid.

• Hardware Segment: Accounted for the largest revenue share in 2022, with components like inverters, meters, sensors, and energy storage systems playing a crucial role in monitoring and optimizing distributed energy resources.

Application:
• Solar PV Units Segment: Accounted for the largest revenue share in 2022 and is expected to see significant growth, reflecting the increasing adoption of solar photovoltaic systems globally.

End-Use:
• Industrial Segment: Accounted for the largest revenue share in 2022, demonstrating steady growth, driven by the need for efficient monitoring, control, and optimization of DERs in industrial settings.

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Distributed Energy Resource Management System Top Companies and Competitive Landscape

The global distribution energy resource management system (DERMS) market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective products.

Some major players included in the global Distributed Energy Resource Management System market report are:

• ABB
• General Electric
• Mitsubishi Electric Corporation
• Schneider Electric
• Siemens
• Emerson Electric Co.
• Itron Inc.
• Generac Power Systems, Inc.
• Enel Spa
• Doosan Corporation.
• ENGIE
• Advanced Control Systems
• AutoGrid Systems, Inc.
• Oracle

Distributed Energy Resource Management System Latest Industry News

• On July 25, 2023, Schneider Electric and Pacific Gas and Electric Company (PG&E) revealed the implementation of a Distributed Energy Resource Management System (DERMS) on the Microsoft Azure platform. This move is aimed at enhancing grid reliability and expediting customer adoption of Distributed Energy Resources (DER) such as electric vehicles, energy storage, and rooftop solar. The demand for dependable energy service has become more complex due to severe weather conditions and increased electricity needs. The substantial expansion of DER offers crucial load flexibility, particularly with the integration of more renewable energy sources.

• On August 30, 2022, Generac Grid Services, a subsidiary of Generac Power Systems, a prominent provider of energy technology solutions, was chosen by Dominion Energy Virginia to furnish the utility with an all-encompassing Distributed Energy Resource Management System (DERMS) solution utilizing its Concerto platform. This collaboration empowers Dominion Energy Virginia to regulate Distributed Energy Resources (DERs) for the sake of grid reliability. In addition, it offers opportunities to deliver benefits to consumers by allowing approved DERs to engage in current programs or participate in the PJM wholesale electricity market.

Distributed Energy Resource Management System Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global distribution energy resource management system market on the basis of component, technology, application, end-use, and region:

• Component Outlook (Revenue, USD Million; 2019-2032)
o Hardware
o Software
o Services

• Technology Outlook (Revenue, USD Million; 2019-2032)
o Grid-Interactive Inverters
o Energy Storage Systems
o Smart Meters and Sensors

• Application Rating Outlook (Revenue, USD Million; 2019-2032)
o Solar PV Units
o Wind Generation Units
o Energy Storage Systems
o Combined Heat & Power Generation System
o EV Charging Stations
o Others

• End-Use Outlook (Revenue, USD Million; 2019-2032)
o Industrial
o Commercial
o Residential
o
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