MarkNtel Advisors has just published a new research report titled "Distributed Energy Resources Management Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". This study provides an extensive analysis of market drivers, segmentation, growth opportunities, trends, and competitive landscape, aiming to provide insights into current and future market scenarios.
What insights and analysis does the report provide on the Distributed Energy Resources Management Systems market from 2024 to 2030?
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., 2024-30.
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Distributed Energy Resources Management Systems Market by Segments
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
A comprehensive report on the Distributed Energy Resources Management Systems Market is available now- https://www.marknteladvisors.com/research-library/distributed-energy-resources-management-systems-market.html
Distributed Energy Resources Management Systems Market Report Segment by Regions
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
What are the current trends in the global Distributed Energy Resources Management Systems Market?
Increasing Adoption of AI and ML Technology-Based DERs Management Systems to Amplify Market Growth – In recent years, it has become extremely important to remotely monitor power distribution, consumption & generation to meet the expectations of the customer. As a result, there has been a surge in the adoption of AI & ML-based DER Management Systems. These systems help in real-time data processing and can potentially detect any abnormalities in the power grid, making it essential for the operators to opt for these solutions to avoid any issues or power outages.
Along with this, these tech-based solutions help in evenly distributing the power based on the end-user’s power consumption behavior. Therefore, to improve the overall stability & reliability of the grid and ensure proactive management, the public as well as private utility companies are actively shifting towards these solutions, augmenting market size & volume.
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Who are the key players in the Distributed Energy Resources Management Systems Market?
- 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.
Questions Addressed in this Study
- What factors are driving the Distributed Energy Resources Management Systems Market growth?
- How is the Distributed Energy Resources Management Systems Market expected to grow over the next five years?
- What are the key insights into the current trends in the Distributed Energy Resources Management Systems Market?
- What is the current size of the Distributed Energy Resources Management Systems Market, and how is it projected to change in the future?
- What is the future outlook for the Distributed Energy Resources Management Systems Market in terms of technological advancements and market expansion?
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