Distributed Energy Resource Management System Market to Surpass a Valuation of US$ 1,761.7Mn by 2032 Owing to the Software Segment: ChemView Consulting

Distributed Energy Resource Management System Market Overview

According to a recent survey conducted by ChemView Consulting, the Global Distributed Energy Resource Management System Market grew at a CAGR of 13.4% between 2017-2021 and is estimated to be US$ 351.2Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 17.5% and is expected to reach a valuation of US$ 1,761.7Mn by 2032 end.

Rapid urbanization and the rapidly expanding industrial landscape have created a huge need for electricity. With the growing population and manufacturing activity across several industrial sectors, there is a significant increase in product demand. Additionally, booming consumerism and growing digitalization have boosted the industry. The need for production and manufacturing equipment and materials has increased.

This has also sharply increased the power demand. Extreme peak loading circumstances are occasionally needed to meet power demands in the worldwide industrial scene. Demand response management software and systems are in great order due to the growth of smart infrastructure and rising energy consumption, which is expected to boost the market.

ChemView Consulting has analyzed that renewable energy is an easily replenished natural source. Countries worldwide are concentrating on producing power from renewable sources to decarbonize the power distribution system and assure environmental preservation. The annual installation of renewable capacity surpassed 280 GW in 2020, the largest year-over-year growth since 1999.

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The software category was the market for distributed energy resource management systems with the fastest increasing market. The market expansion for software components is related to ongoing predictive solution monitoring, communication device management, and real-time data configuration.

Segments Covered in Report

By Component:

  • Software
  • Analytics
  • Management & Control
  • Virtual Power Plant (VPP) Software
  • Services

By Application:

  • Solar PV Units
  • Wind Generation Units
  • Energy Storage Systems
  • Combined Heat & Power Generation Systems
  • EV Charging Stations
  • Others

By End-User:

  • Industrial
  • Commercial
  • Residential

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Distributed Energy Resource Management System Market

  • Based on the application, the solar PV units segment is anticipated to increase more quickly than the wired part. The market for distributed energy resource management systems is driven by the growing need to produce energy from renewable sources, clear government mandates and renewable energy policies, rising investments in distributed energy resources, and a strong focus on decarbonization.
  • Based on the component, the software category was the market for distributed energy resource management systems with the fastest increasing market. The market expansion for software components is related to ongoing predictive solution monitoring, communication device management, and real-time data configuration.
  • Based on the region, with a market share of 36.9% and USD 0.12 billion, the Asia Pacific region is the largest market for distributed energy resource management systems. The market is driven by increases in solar and wind power generation and rising energy needs brought on by Asia Pacific’s industrialization.

Competition Summary

Key companies covered in the market study are Hitachi ABB, Siemens, General Electric, Engie, Itron, Oracle, Generac, Energy Hub, Mitsubishi Electric Corporation, AutoGrid Systems, Opus One Solutions, Doosan Heavy Industries & Construction, Blue Pillar, Kitu System, Enel

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impact market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

What sets ChemView Consulting apart?

  • Full-time research experts and subject matter experts
  • In-house primary research team
  • The in-house data visualization team
  • Industry-wide network of research partners
  • Database subscriptions
  • The exclusively tailored research process

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