MarkNtel Advisors recently published a detailed industry analysis of the Distributed Energy Resources (DERs) Management Systems Market. The report covers growth trends, regional marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Distributed Energy Resources (DERs) Management Systems Market (2024-2030)
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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Global Distributed Energy Resources (DERs) Management Systems Market Driver:
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.
What segments define the Distributed Energy Resources (DERs) Management Systems market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
-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
Explore the Complete Distributed Energy Resources (DERs) Management Systems Market Analysis Report – https://www.marknteladvisors.com/research-library/distributed-energy-resources-management-systems-market.html
Who are the leading key players shaping the Distributed Energy Resources (DERs) Management Systems Market landscape?
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.
Questions Addressed in this Study
1.What factors are driving the Distributed Energy Resources (DERs) Management Systems Market growth?
2.What are the key insights into the current trends in the Distributed Energy Resources (DERs) Management Systems Market?
3.What is the current size of the Distributed Energy Resources (DERs) Management Systems Market, and how is it projected to change in the future?
4.What is the future outlook for the Distributed Energy Resources (DERs) Management Systems Market in terms of technological advancements and market expansion?
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