North America Distributed Energy Resources Management System (DERMS) Market Segmentation grow with a 16.9% CAGR by 2028 Forecast.
- North America distributed energy resources management system (DERMS) market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 16.9% in the forecast period of 2021 to 2028 and is expected to reach USD 622.10 million by 2028. Increasing demand for DERMS for cost reduction is boosting the market.
- A distributed energy resources management system (DERMS) is a platform that helps distribution system operators (DSO) to manage their grids which are based on distributed energy resources (DER). In addition, it is a software platform used to organize the operation of the aggregated DER within a power grid. The usual DERMS application is found at the distribution grid level. The system typically requires a more full-fledged integration of various other systems such as a distribution management system (DSM) for integrating it with a utility. Furthermore, an outage management system (OMS) or a supervisory control and data acquisition (SCADA) system is usually needed to provide all DERMS functionality.
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North America Distributed Energy Resources Management System (DERMS) Market Insight
- The growing demand for renewable energy generation is the major that is expected to drive the market. On the other hand, regulatory issues related to DERs may act as restraining factors. The growing awareness for clean energy and renewables proves to be an opportunity. However, the threat to utilities from reductions in revenue could prove to be a challenge.
- The North America Distributed Energy Resources Management System (DERMS) Market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the North America Distributed Energy Resources Management System (DERMS) Market scenario contact Data Bridge Market Research for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
North America Distributed Energy Resources Management System (DERMS) Market Segmentation
It is fragmented on the basis of technology, software, and end-user.
technology | Solar PV, wind, CHP (combined heat power), energy storage, and others. |
software | analytics, virtual power plants, and management control |
end-user | Infrastructure, power, oil gas, automotive, aerospace, mining, marine, water wastewater, food beverages, semi-conductors, pulp paper, CPG, HPC, entertainment, life sciences, and others |
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North America Distributed Energy Resources Management System (DERMS) Market Country Level Analysis
- North America distributed energy resources management system (DERMS) market is segmented based on the technology, software, and end-user.
- The countries covered in North America distributed energy resources management system (DERMS) market report are the U.S., Canada, and Mexico. U.S. dominates the market due to the high demand and major players present for distributed energy resources management systems (DERMS).
The major players covered in the North America Distributed Energy Resources Management System (DERMS) Market
- General Electric
- Siemens
- Hitachi ABB Power Grids
- COPA-DATA GmbH
- Enel X S.r.l
- Accenture
- AutoGrid Systems, Inc
- Doosan GridTech
- ENBALA Power Networks
- MACH Energy Inc
- Open Systems International, Inc
- Opus One Solutions
- PXiSE Energy Solutions
TOC of the report
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
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