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Electric utilities

Distributed Energy Resource Management System Market to Reach USD 16 Billion by 2030, Growing at a CAGR of 5.7%

Strategic Insights

— 1 min read

The global Distributed Energy Resource Management System (DERMS) market is expected to expand at a compound annual growth rate (CAGR) of approximately 5.7% during the forecast period 2023 to 2030. The market size was valued at USD 10 Billion in 2022 and is projected to reach USD 16 billion by 2030. The growth of the DERMS market can be attributed to the increasing demand for renewable energy, the need for smart grid infrastructure, and the growing adoption of electric vehicles.

Key Takeaways:

  • The DERMS market is expected to grow at a CAGR of 5.7% during the forecast period 2023 to 2030.
  • The market size was valued at USD 10 Billion in 2022 and is projected to reach USD 16 billion by 2030.
  • The growth of the DERMS market can be attributed to the increasing demand for renewable energy, the need for smart grid infrastructure, and the growing adoption of electric vehicles.
  • The solar PV units segment is expected to register the fastest CAGR in the DERMS market.
  • The industrial segment is anticipated to register the fastest CAGR and contribute a major share to the global market over the assessment period.
  • The North American region is projected to be the key regional revenue driver of the global market during the projected timeframe.
  • The Asia-Pacific distributed energy resource management system market is slated to witness exponential growth due to an increase in the setting up of power-generating renewable energy projects in countries such as Malaysia, Thailand, Singapore, Indonesia, India, Japan, Taiwan, and China.

Statistics:

  • Market size in 2022: USD 10 Billion
  • Projected market size in 2030: USD 16 Billion
  • CAGR growth rate: 5.7%
  • Component segment share in 2022: Software (major share)
  • Application segment share in 2022: Solar PV Units (major share)
  • End-user segment share in 2022: Industrial (major share)
  • Regional share in 2022: North America (major share)

Sources:

  • Zion Market Research. (2023). Distributed Energy Resource Management System Market Report 2023-2030.
  • Zion Market Research. (2023). Press Release: Distributed Energy Resource Management System Market Size & Share Analysis Report 2022.
  • Zion Market Research. (2023). Sample Report: Distributed Energy Resource Management System Market Report 2023-2030.

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