According to Markntel Advisors Report, Distributed Energy Resources (DERs) Management Systems Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Global Distributed Energy Resources (DERs) Management Systems Market Research Report & Summary:

The Global Distributed Energy Resources (DERs) Management Systems Market is estimated to grow at a CAGR of around 5.60% during the forecast period, i.e., 2024-30.          

Time Period Captured in the Report:

·         Historical Years: 2019-22

·         Base Years: 2023

·         Forecast Years: 2024-2030

Who are the Key Players Operating in the Distributed Energy Resources (DERs) Management Systems Market?

The top companies of the Distributed Energy Resources (DERs) Management Systems Market ruling the industry 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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The Distributed Energy Resources (DERs) Management Systems Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-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

-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

-By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

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Market Dynamics -Global Distributed Energy Resources (DERs) Management Systems Market:

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.

Additionally, the power infrastructure of several countries has become old, causing power outage issues. As per the Department of Energy, the majority of the power infrastructure is 40 to 60 years old. Thus, there is a dire need for renovation and the authorities have been upgrading the outdated power infrastructure. This, in turn, would enhance the requirement for solutions that adequately help in supplying electricity, ensuring the Global DERs Management Systems Market growth in forecast years.

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