Distributed Energy Resources Management System (DERMS) Market is growing at a Significant CAGR 15.8% and is expected to reach USD 1,538.67 million in the forecast period of 2021 to 2028.
Distributed Energy Resources Management System (DERMS) Market is growing at a Significant CAGR 15.8% and is expected to reach USD 1,538.67 million in the forecast period of 2021 to 2028.
Distributed Energy Resources Management System (DERMS) Market Scope and Size
The distributed energy resources management system (DERMS) market is segmented on the basis of the technology, software, and end-user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, the distributed energy resources management system (DERMS) market is segmented into solar PV, wind, CHP (combined heat & power), energy storage, and others. In 2021, the solar PV segment is expected to dominate the distributed energy resources management system (DERMS) market as it converts sunlight into electricity and is pollution-free. In addition, it is available in flexible size because of which customers can mold it into the size as per their requirement.
- On the basis of software, the distributed energy resources management system (DERMS) market is segmented into analytics, virtual power plants, and management & control. In 2021, the analytics segment is expected to dominate the distributed energy resources management system (DERMS) market as it is used to forecast the demand of energy needed in a particular area and know the sources from which this energy is generated.
- On the basis of end-user, the distributed energy resources management system (DERMS) market is segmented into infrastructure, power, oil & gas, automotive, aerospace, mining, marine, water & wastewater, food & beverages, semi-conductors, pulp & paper, CPG, HPC, entertainment, life sciences, and others. In 2021, the infrastructure segment is expected to dominate the distributed energy resources management system (DERMS) market as people install solar PV structures at their homes, offices, hospitals, and different places to reduce energy costs.
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Market Analysis and Insights - Distributed Energy Resources Management System (DERMS) Market
The solar PV segment in the technology is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 due to the higher demand from the consumer. The U.S. is expected to dominate the North America region due to higher demand and manufacturers in the region. The U.K. is expected to dominate the Europe region due to the key vendors present in the region. China is expected to dominate the Asia-Pacific region because of the higher manufacturing and push for renewable energy in the region and the use of a distributed energy resources management system (DERMS).
Distributed Energy Resources Management System (DERMS) Market Country Level Analysis
The countries covered in the Distributed Energy Resources Management System (DERMS) Market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Key Players Distributed Energy Resources Management System (DERMS) Market
Some of the major players operating in the Distributed Energy Resources Management System (DERMS) Market are:Sonoco Products Company
- Siemens
- Hitachi ABB Power Grids
- COPA-DATA GmbH
- Enel X S.r.l. (A subsidiary of Enel Spa)
- Accenture
- AutoGrid Systems Inc
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Distributed Energy Resources Management System (DERMS) Market by Product & Procedure type.
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