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North America Distributed Energy Resource Management System Market Size, Share & Industry Trends Analysis Report By Offering, By End User (Industrial, Commercial and Residential), By Application, By Country and Growth Forecast, 2023 - 2029

Publisher Knowledge Based Value (KBV) Research
Published May 31, 2023
Length 136 Pages
SKU # KBV18095521

Description

North America Distributed Energy Resource Management System Market Size, Share & Industry Trends Analysis Report By Offering, By End User (Industrial, Commercial and Residential), By Application, By Country and Growth Forecast, 2023 - 2029


The North America Distributed Energy Resource Management System Market would witness market growth of 18.7% CAGR during the forecast period (2023-2029).

DERMS is a state-of-the-art system that incorporates solar energy and other distributed energy resources (DERs) into the grid in a seamless manner. When used effectively, these skills provide businesses and their clients with various advantages. It is made up of a number of software management solutions that allow wire operators and distribution services to manage a variety of DERs and so contribute to the immediate management of grid assets.

Additionally, it is described as a control system that enables efficient control of the grid as well as DERs, encompassing capabilities like power quality management, Volt/VAR optimization (VVO), as well as the coordination of DERs dispatch to fulfil operational needs. Additionally, DERMS-controlled grid services are provided by regulating power and voltage along with individual feeders, which has the advantage of providing precise control over a variety of equipment, including smart inverters, capacitor banks, on-load tap changers, customer loads, and voltage regulators (VRegs).

The North America region, especially the United States, is home to 34% of all microgrid projects. This may be explained by the country's aging power mega infrastructure and rising end-user demand for more security and dependability. The need for DERMS is driven by the United States and Canada, which together have numerous distributed generation units and are contributing to the expansion of the regional market. Power outages are brought on in some sections of the region by natural disasters like flooding and storms, despite sufficient power generation as well as the accessibility of transmission & distribution networks. It is believed that the problem can be reduced by using remote power systems, like DERMS, to control distributed energy systems. These factors are propelling the expansion of the regional market.

The US market dominated the North America Distributed Energy Resource Management System Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $226,357.9 Thousands by 2029. The Canada market is poised to grow at a CAGR of 21.4% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 20.3% during (2023 - 2029).

Based on Offering, the market is segmented into Services and Software (Virtual Power Plant (VPP) Software, Management & Control and Analytics). Based on End User, the market is segmented into Industrial, Commercial and Residential. Based on Application, the market is segmented into Solar PV Units, Energy Storage Systems, Wind Generation Units, Combined Heat & Power Generation Systems, EV Charging Stations and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Schneider Electric SE, General Electric Company, Hitachi, Ltd. (Hitachi Energy Ltd.), Emerson Electric Co., Mitsubishi Electric Corporation, Oracle Corporation, Itron, Inc., Generac Holdings, Inc. and Enel S.p.A.

Scope of the Study

Market Segments covered in the Report:

By Offering
  • Services
  • Software
  • Virtual Power Plant (VPP) Software
  • Management & Control
  • Analytics
By End User
  • Industrial
  • Commercial
  • Residential
By Application
  • Solar PV Units
  • Energy Storage Systems
  • Wind Generation Units
  • Combined Heat & Power Generation Systems
  • EV Charging Stations
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Siemens AG
  • Schneider Electric SE
  • General Electric Company
  • Hitachi, Ltd. (Hitachi Energy Ltd.)
  • Emerson Electric Co.
  • Mitsubishi Electric Corporation
  • Oracle Corporation
  • Itron, Inc.
  • Generac Holdings, Inc.
  • Enel S.p.A
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

136 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Distributed Energy Resource Management System Market, by Offering
1.4.2 North America Distributed Energy Resource Management System Market, by End User
1.4.3 North America Distributed Energy Resource Management System Market, by Application
1.4.4 North America Distributed Energy Resource Management System Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis – Global
3.1 Market Share Analysis, 2021
Chapter 4. North America Distributed Energy Resource Management System Market by Offering
4.1 North America Services Market by Country
4.2 North America Software Market by Country
4.3 North America Distributed Energy Resource Management System Market by Software Type
4.3.1 North America Virtual Power Plant (VPP) Software Market by Country
4.3.2 North America Management & Control Market by Country
4.3.3 North America Analytics Market by Country
Chapter 5. North America Distributed Energy Resource Management System Market by End User
5.1 North America Industrial Market by Country
5.2 North America Commercial Market by Country
5.3 North America Residential Market by Country
Chapter 6. North America Distributed Energy Resource Management System Market by Application
6.1 North America Solar PV Units Market by Country
6.2 North America Energy Storage Systems Market by Country
6.3 North America Wind Generation Units Market by Country
6.4 North America Combined Heat & Power Generation Systems Market by Country
6.5 North America EV Charging Stations Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Distributed Energy Resource Management System Market by Country
7.1 US Distributed Energy Resource Management System Market
7.1.1 US Distributed Energy Resource Management System Market by Offering
7.1.1.1 US Distributed Energy Resource Management System Market by Software Type
7.1.2 US Distributed Energy Resource Management System Market by End User
7.1.3 US Distributed Energy Resource Management System Market by Application
7.2 Canada Distributed Energy Resource Management System Market
7.2.1 Canada Distributed Energy Resource Management System Market by Offering
7.2.1.1 Canada Distributed Energy Resource Management System Market by Software Type
7.2.2 Canada Distributed Energy Resource Management System Market by End User
7.2.3 Canada Distributed Energy Resource Management System Market by Application
7.3 Mexico Distributed Energy Resource Management System Market
7.3.1 Mexico Distributed Energy Resource Management System Market by Offering
7.3.1.1 Mexico Distributed Energy Resource Management System Market by Software Type
7.3.2 Mexico Distributed Energy Resource Management System Market by End User
7.3.3 Mexico Distributed Energy Resource Management System Market by Application
7.4 Rest of North America Distributed Energy Resource Management System Market
7.4.1 Rest of North America Distributed Energy Resource Management System Market by Offering
7.4.1.1 Rest of North America Distributed Energy Resource Management System Market by Software Type
7.4.2 Rest of North America Distributed Energy Resource Management System Market by End User
7.4.3 Rest of North America Distributed Energy Resource Management System Market by Application
Chapter 8. Company Profiles
8.1 Siemens AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Schneider Electric SE
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 General Electric Company
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Hitachi, Ltd. (Hitachi Energy Ltd.)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 Emerson Electric Co.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.5.5.3 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 Mitsubishi Electric Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.5.3 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Oracle Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.7.6 SWOT Analysis
8.8 Itron, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.9 Generac Holdings, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.5.3 Acquisition and Mergers:
8.10. Enel S.p.A
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Recent strategies and developments:
8.10.4.1 Partnerships, Collaborations, and Agreements:
8.10.4.2 Business Expansions:

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