Press Release Description

A USD 401 Million Global Distributed Energy Resources (DERs) Management Systems Market to Grow at a CAGR of Around 17.03% During 2024-2030

The Global Distributed Energy Resources (DERs) Management Systems Market size was valued at around USD 401 million in 2023 and is expected to reach around USD 1,334 million by 2030. Along with this, the market is anticipated to grow at a CAGR of about 17.03% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The expansion of the power grid lines, the increasing construction of smart cities & homes, and the shift towards renewable & sustainable power solutions are responsible for the market growth.

Traditionally, non-renewable resources, like coal, oil, etc., are major sources of electricity generation. However, in recent years, there has been a depletion of these resources, which is creating power insecurity. Therefore, to combat these issues, the official authorities are increasingly encouraging utility companies to adequately use these resources. Hence, they are adopting the DERs systems, supporting market growth.

Along with this, emissions due to industrialization & transport activities across the region are increasing. This is causing a rise in health-related issues and adversely impacting the environment. As a result, the customers are actively seeking solutions, like DER systems that help in energy saving & minimizing greenhouse emissions.

Additionally, several countries, like China, Brazil, etc., are rich in renewable resources, and based on their geographic location, they are more suitable for wind & solar power projects. Therefore, the official authorities in these nations are recognizing the importance of renewable power and facilitating their adoption. These plants are integrated with the DERs systems to adequately manage the power distribution & consumption. Thus, the growing focus on setting up solar power plants & wind projects would continue to raise the demand for the DERs systems, supporting market growth during the forecast period, further states the research report, “Global Distributed Energy Resources (DERs) Management Systems Market Analysis, 2024.”

Global Distributed Energy Resources (DERs) Management Systems Market

Segmentation Analysis

EV Charging Stations Hold a Major Market Share

Based on the application, the market is further bifurcated into, Solar Photovoltaic (PV) Units, Wind Generation Units, Energy Storage Systems, Combined Heat & Power Generation Systems, EV Charging Stations, and others. Among them, EV charging stations hold a noteworthy market share and this growth is primarily attributed to the increasing establishment of charging infrastructure across the globe. In recent years, there has been a surge in EV sales due to the focus of the customers towards sustainable transportation solutions. This rise in the EV is creating a demand for a robust charging network, integrated with the DERs. Thus, the construction of the charging station is propelling the demand for the DERs, amplifying the market growth.

Additionally, several individuals refrain from opting the EVs due to their low range. Hence, to eradicate these issues & ramp up their sales, the top companies are planning to develop more stations, which would continue to surge the demand for the DERs in the forthcoming years.

Asia-Pacific Leads the Global Distributed Energy Resources (DERs) Management Systems Industry

Geographically, Asia-Pacific holds a dominant market share due to the presence of more industrial units and commercial buildings. Asia-Pacific nations have ease of doing business due to the flexible government policies and availability of inexpensive labor. As a result, several foreign multinational groups are entering the region and expanding their production bases. This is leading to the construction of new buildings and expansion of the grid power line. Consequently, enhancing the requirement for the DERs to manage & monitor the power distribution.

Furthermore, to gain a competitive edge over other nations, the official governing authorities in the region are increasingly planning to construct smart cities. The development of the smart cities would further generate the requirement for the advanced & tech-based DERs, uplifting market growth.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including 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, are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across the globe?
  4. How has the industry been evolving in terms of geography & solution adoption?
  5. How has the competition been shaping up across various regions?
  6. How have the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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