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(IT-NEWSWIRE.COM, October 12, 2021 )
Market Overview
A distributed energy resource management system is a software platform that manages a group of distributed energy resource assets, such as behind-the-meter batteries, rooftop photovoltaic solar panels, or a fleet of electric vehicles to deliver vital grid services and balance demand with supply to help utilities achieve mission-critical outcomes.
A utility operator can utilize DERMS surgically to maintain operational needs, meeting demand through prioritization aggregation of resources, with the overall goal of depreciating disruptions. One of the fundamental issues facing distribution utilities is managing high intermittent distributed energy resources levels.
The DERMS assist in managing the technical, operational, and economic challenges of interconnected DERs. Its situational awareness mitigates DER impacts, presenting key economic value for distribution and bulk power systems and retail customers.
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Market Dynamics
Rising investments in distributes energy resources drive the globally distributed energy resources management system (DERMS) market.
Rising investments in distributed energy resources
The rising deployment of distributed energy resources has been of interest, primarily to consumers and local electricity distribution utilities. At present, DERs are quickly becoming the foundation of the energy market, enabling the users to generate, consume and store electricity using varied technology categories.
DERMS have been widely in demand for managing increased DER adoption and providing operators with insights to increase customer interaction and synchronization of the assets. Unstable grids and reliability problems can occur from influxes of improperly distributed generation technologies. Key players are opting for DERMS to maintain grid flexibility and lessen outages.
The market has witnessed various investments in the DERMS market to optimize the operations in the DER market. For instance, in 2021, Smarter Grid Solutions was selected to provide active network management for flexibility management in the QUEST project with Electricity North West, National Grid Electricity System Operator (ESO) Schneider Electric.
The innovative plan will free up network capacity of over 2GW of clean energy assets in the UK, saving around US$ 335.8 million (£ 250 million).
Smarter Grid Solutions is awarded US$ 10.7 million (£ 8 million) through the Network Innovation Competition QUEST for its DERMS software. The company will create a coordinated, overarching system for controlling voltages & balancing centralized & decentralized energy control systems.
Market Segmentation:
By Technology
• Solar PV
• Wind
• Reciprocating engines
• Fuels cells
By End-User
Industrial Manufacturing
Commercial
Government
Municipalities
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Geographical Analysis
The presence of millions of distributed generation units in North America has boosted the market
North America region holds the significant market share for the distributed energy resources management system (DERMS) market. As modern distributed energy resources penetrate the grid and DER capacity additions are expected to pass new centralized generation capacity additions soon, utilities and grid operators cannot manage to wait to combine distributed energy resource management systems into their existing infrastructure.
DERMS can support a low-carbon system while improving grid reliability, flexibility, and hosting capacity. The presence of countries such as the U.S and Canada, which have over a million distributed generation units, drives the demand for DERMS.
The counties have added several laws for integrating renewables, such as installing rooftop solar PV, which is expected to grow the DERMS market in the region. Moreover, a large share of the region's utility needs more reliable ways to maintain and control assets on its distribution system.
Competitive Landscape
The distributed energy resources management system (DERMS) market is moderately competitive with rising penetration of distributed generation resources, such as energy storage, solar PV, and microgrids globally.
Global companies dominate the market due to their presence in numerous countries. Some of the key players contributing to the market's growth are ABB Ltd, Engie SA, Autogrid Systems Inc, Siemens AG, AutoGrid Systems, Inc., Spirae, Inc., Schneider Electric, Enbala Power Networks, Inc., Smart Electric Power Alliance, Emerson Electric Co, and others.
The players are adopting various new strategies to dominate the market, such as service developments, partnerships, acquisitions, and collaborations, contributing to the global growth of the distributed energy resources management system (DERMS) market.
Related Topic's
Electrical Recloser Controller Market, Residential Power Line Communication Market, Power Line Communication Market, Commercial Power Line Communication Market, Industrial Power Line Communication Market
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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