Distributed Energy Resource Management System Market Overview:

Distributed Energy Resources are electricity-producing resources or controllable loads connected to a local distribution system or a host facility within the local distribution system. One of the most significant improvements to electrical systems around the world has been the rapid spread of distributed energy resources. DERs include energy storage, CHP plants, solar panels, small natural gas-powered generators, electric vehicles, and controllable loads such as HVAC systems and electric water heaters. The market for distributed energy resource management systems is segmented based on technology, application, and region.

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Government Mandates And Renewable Energy Policies Regarding Electricity Produced From Renewable Sources:

An easily replenishable natural energy source is renewable energy. To decarbonize the power distribution system and safeguard the environment, nations all over the world are concentrating on the production of renewable energy. The annual growth in renewable capacity has accelerated to about 274 GW in 2020, the fastest rate of growth since 1999. Despite the substantial effects of pandemics on the world's supply chain, the addition of renewable capacity rose by more than 43% in 2020 compared to 2019. An 86% increase in wind capacity installations globally served as the impetus for the expansion. By 2020, there will be 128 GW of new solar PV installations, a 23% increase from today's level. These factors will contribute to the market for distributed energy resource management systems growing.

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Distributed Energy Resource Management System Market Segmentation:

The Distributed Energy Resource Management System Market is divided by Technology into Gas & Steam turbines, Reciprocating Engines, Solar Photovoltaic, Fuel Cells, and Wind turbines. During the forecast period, the Solar Photovoltaic segment is anticipated to expand significantly at a CAGR of 21.9%. Distributed solar photovoltaic (PV) systems have the ability to supply electricity in times of grid disruption brought on by severe weather or other emergency situations. Distributed PV can therefore significantly increase the stability of the energy grid. In order to take advantage of this potential, PV systems are resiliently designed and integrated with other technologies, such as energy storage and auxiliary generation. Throughout the forecast period, these factors are anticipated to accelerate the segment's growth.

Key Players:

Spirae Inc. (United States)
Enbala Power Networks INC. (United States)
Enernoc Inc. (United States)
Open Access Technology International Inc. (United States)
Doosan Gridtech (United States)
Blue Pillar (United States)
Siemens (Germany)
Schneider Electric (France)
COVID-19 Impact Analysis on Distributed Energy Resource Management System Market:

All over the world, the COVID-19 recovery phase is now finished. Stellar Market Research's report on the status, trends, and COVID-19 impact of the Distributed Energy Resource Management System market analyses the market in the context of the current economic environment. SMR regularly assesses the COVID-19 pandemic's effects across all disciplines on a range of industries and verticals. The same information can be found in stellar market research (SMR) studies, which can be used to assess the effects of COVID-19 on industry decline and growth. A stellar market research (SMR) report can be used to determine the gap between supply and demand in a market. The stellar market research (SMR) report includes analysis, updates to legal requirements, and other relevant data.

About Stellar Market Research:

A market research and consulting company called Stellar Market Research offers consulting services as well as syndicated and custom-made research reports. The company's products are primarily focused on helping businesses identify, target, and analyse changes in consumer behaviour across demographics and industries in order to help them make better business decisions. The company conducts market intelligence studies in a range of industries, including healthcare, touch points, lawful interceptions, types, and energy, in order to provide pertinent and fact-based research. Stellar Market Research has a sizable staff of highly qualified analysts with expertise in a variety of industries. Due to the company's expertise in the field and capacity to offer a practical resolution to any research problem, clients can gain a competitive edge over their rivals.

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