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Distributed Energy Resource Management System Market Worth $750 Million by 2026 - Exclusive Report by MarketsandMarkets™CHICAGO, Oct. 25, 2021 /PRNewswire/ -- According to the new market research report "Distributed Energy Resource Management System Market by Application (Solar PV, Wind, Energy Storage, CHP, EV Charging), Software (Analytics, Management & Control, VPP), End User (Industrial, Commercial, Residential), and Region – Global Forecast to 2026", published by MarketsandMarkets™, the global Distributed Energy Resource Management System Market size will grow to USD 750 million by 2026 (forecast year) from USD 286 million in 2021 (estimated year), at a CAGR of 21.2% during the forecast period. The Distributed Energy Resource Management System Market is driven by the high demand for clean energy, the rapid development of smart grids, and the strong focus on utilizing distributed energy resources. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=256436187 The services segment is expected to dominate the Distributed Energy Resource Management System Market, by offering, during the forecast period. Based on offering, the Distributed Energy Resource Management System Market has been segmented into software and services. Services are offered by system providers or third-party systems integrators. This makes deployment a major part of the value chain as services often cost more than initial software licenses. Once the solution is deployed, platform providers offer support services, such as back-end operations support, integration of new devices, and upgrading security or communications protocols, when necessary. Browse in-depth TOC on "Distributed Energy Resource Management System Market" View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/distributed-energy-resource-management-system-market-256436187.html Industrial segment is projected to register a higher CAGR than the wired segment during the forecast period. Based on end user, the market has been segmented into industrial, commercial and residential. The industrial segment is expected to witness a higher CAGR during the forecast period. Increased environmental concerns, remote working locations, and a significant reduction in renewable energy prices also prompt mining companies to adopt DERMS.
Asia Pacific is estimated to be the fastest-growing market for distributed energy resource management system during the forecast period. For the market analysis, the region has been segmented into China, Japan, India, Australia, and the Rest of Asia Pacific. The demand for distributed energy resource management system in this region is driven mostly by the increasing electricity consumption and the need to upgrade aging infrastructure. Countries in this region are shifting toward energy efficiency in residential buildings to meet the growing energy demands. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=256436187 To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Distributed Energy Resource Management System Market. Some of the key players are Siemens (Germany), Schneider Electric (France), General Electric (US), ABB (Switzerland), Emerson (US)The leading players are adopting various strategies to increase their share in the Distributed Energy Resource Management System Market. Contracts & agreements, and partnerships & collaboration, have been widely adopted strategies by the major players in the Distributed Energy Resource Management System Market. Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting Browse Related Reports: Residential Energy Management Market by Component (Hardware (RTU, Relays, LCS, DR devices, Control Devices, In-house Displays), Software (EMP, Energy Analytics, CEP); Communication Technology (Wired, Wireless); Application; Region - Global forecast to 2025 Smart Meters Market by Type (Electric, Gas, Water), Communication Type (RF, PLC, Cellular), Component (Hardware, Software), Technology (AMR, AMI), End-user (Residential, Commercial, Industrial), and Region - Global Forecast to 2025 Concentrating Solar Power Market by Technology (Power Towers, Concentrating Systems, Stirling Dish), Operation (Stand-alone, Storage), Capacity (Less than 50MW, 50-99MW, 100MW & above), End-User (Utilities, EOR & Others) and Region - Global Forecast to 2025 About MarketsandMarkets™ Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg |