The Distributed Energy Resource Management Market (DERMS) is still a nascent market and is likely to proliferate in the coming years. The global Distributed Energy Resource Management Market is anticipated to expand at a CAGR of 16.50% over the forecast period of 2016-2023, asserts Market Research Future (MRFR) in a minutely analyzed study. A substantial increase in the energy regulations coupled with advances in technology have driven a noteworthy upsurge in the volume of distributed energy resources (DERs) on a global scale.

Distributed energy resource management system eliminates the limitations by centralized power systems. The rising price for electricity is triggering the need for effective and affordable solutions, due to which distributed energy resource management solution is gaining popularity. Shifting focus towards energy generation by green technology and growing awareness about carbon footprint are factor that are also expected to cast a positive impact on the market growth.

Also Read: http://www.marketwatch.com/story/distributed-energy-resource-management-system-market-size-share-analysis-2020-development-status-growth-rate-covid---19-outbreak-trends-and-comprehensive-research-report-till-2023-2020-08-18

Segmentation

The global distributed energy resource management market has been segmented based on technology, software, and end-user.

By technology, the distributed energy resource management market has been segmented into solar PV, wind, combined heat & power, and others.

By software, the distributed energy resource management market has been segmented into analytics, management & control, and virtual power plant.

By end user, the distributed energy resource management market has been segmented into industrial, government & municipalities, commercial, residential, and military.

Regional Outlook

By region, the distributed energy resource management market has been studied in Europe, North America, Asia-Pacific, and the Rest of the World (RoW).

The market in North America is expected to secure the prime position in the global distribution energy resource management market. The United States is expected to hold the giant share of the regional market over the review period.

The APAC distributed energy resource management market is spurred by a growing focus on energy consumption to cater to the mounting energy requirements of both the industrial as well as residential sector. Moreover, the governments in the region are advocating the use of DERMS to ensure uninterrupted power supply and ensure cost saving.

The Europe DERMS market will be driven by the European Union's renewable energy target which it intends to achieve by 2020.

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