Distributed Energy Resource Management System Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The distributed energy resource management system (DERMS) market is expected to grow at a CAGR of over 15% during the forecast period. Factors such as increasing need for efficient energy management systems which help in maintaining grid reliability and flexibility of the distributed energy source are expected to drive the distributed energy resource management systems market during the forecast period. Moreover, the increased penetration of renewable energy power sources which are intermittent and fluctuate over time, in turn, is likely to promulgate the growth of the DERMS market. However, the initial cost for setting up DERMS, along with expansion and upgradation of centralized grids in developing countries to reach 100% electrification rates is expected to hinder the growth of the market being studied.
Key HighlightsThe distributed energy resource management system market is fragmented. Some of the key players are ABB Ltd., Engie SA, General Electric Company, AutoGrid Systems Inc., and Siemens AG.
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