Distributed Energy Resource Management Market Size

The global demand for Distributed Energy Resource Management Systems (DERMS) is experiencing rapid growth, driven by an increasing need for energy, particularly from renewable sources. Projections indicate a substantial expansion in the global DERMS market, with an estimated Compound Annual Growth Rate (CAGR) of 15.46% during the forecast period spanning 2019 to 2025. In 2018, North America took the lead in the global DERMS market, claiming a dominant share of 38.17%, followed by Europe at 32.67%, and Asia-Pacific at 20.56%.
The segmentation of the global DERMS market is based on technology, software, end-use, and region. In terms of technology, the market is divided into solar PV, energy storage, wind, combined heat & power, and others. Among these, the wind segment is anticipated to exhibit the fastest growth during the forecast period. In 2018, the solar PV segment held a significant share of 27.24% in the global DERMS market.
The software segment includes analytics, management & control, and virtual power plants. Among these, the analytics segment is poised for the fastest growth during the forecast period. In 2018, virtual power plants held a substantial share of 31.87% in the global DERMS market.
In the end-use category, the market is segmented into industrial, commercial, residential, government & municipalities, and military. The commercial segment is expected to experience the fastest growth during the forecast period. In 2018, the industrial segment led with a share of 38.63% in the global DERMS market.
These trends underscore the diverse applications and growing significance of DERMS across various technologies, software functionalities, and end-user sectors. The increasing emphasis on renewable energy sources is a pivotal factor propelling the demand for DERMS globally. As industries, commercial entities, and governments seek effective management and optimization of distributed energy resources, DERMS is emerging as a crucial solution to meet these evolving needs.
This robust growth in the DERMS market signifies a shift towards more sustainable and efficient energy management practices. As the market continues to evolve, the dynamics of technology adoption, software integration, and diverse end-user requirements are expected to shape the trajectory of the global DERMS industry.