Distributed Energy Resource Management System Market Size, Share & Trends Analysis Report By Component (Software, Service), By Application, By End User (Commercial, Industrial, Residential), By Region, And Segment Forecasts, 2023 To 2030

A Distributed Energy Resource Management System (DERMS) is a software platform that enables the monitoring, control, and optimization of distributed energy resources (DERs) such as solar panels, battery energy storage systems, electric vehicles, and wind turbines. Factors such as the growing focus on energy efficiency and the increasing demand for renewable energy are expected to drive market growth.

Some of the recent trends related to DREMS are the increased use of advanced analytics, the growing adoption of cloud-based solutions, the emergence of blockchain-based solutions, and the increasing focus on cybersecurity. Energy providers are increasingly using advanced analytics to optimize the performance of their distributed energy resources. For example, machine learning algorithms can help predict energy usage patterns and adjust the distribution of energy resources accordingly. Cloud computing is enabling energy providers to manage their distributed energy resources more efficiently and cost-effectively. Cloud-based solutions can provide real-time visibility into energy usage, automate routine tasks, and enable remote monitoring and control of distributed energy resources.

Some of the benefits of DERMS are increased efficiency, cost savings, improved reliability, and environmental benefits. DERM technologies help businesses and utilities optimize the performance of their distributed energy resources, reducing waste and improving overall efficiency. By incorporating renewable energy sources such as solar and wind power, DERM solutions help reduce carbon emissions and promote sustainability.

In May 2022, POWER Engineers, Incorporated partnered with Oracle as a member of the Oracle Partner Network (OPN), with the objective of assisting utilities in implementing and integrating dependable and advanced grid modernization solutions more seamlessly. The Oracle Energy and Water suite comprises advanced distribution management system (ADMS) solutions, such as Network Distributed Energy Resource Management System (DERMS), Management System (NMS), and Outage Management System (OMS) solutions. These products can be implemented either as standalone solutions or integrated into a seamless ADMS to enable utilities to achieve their grid modernization objectives with flexibility. POWER's Advanced Utility Solutions will offer consulting services that cover grid upgradation planning and implementation, which can assist utilities in achieving their objectives.

By component, the market is segmented into software and service. Software is further segmented into virtual power plant, analytics, and management & control. A virtual power plant combined with a distributed energy resource management system is a modern approach to energy management that enables utilities to optimize and manage energy flows from various distributed energy resources.

In August 2021, Mitsubishi Electric Power Products, Inc. and Mitsubishi Electric Corporation announced the completion of their acquisition of Smarter Grid Solutions (SGS), a UK-based company known for its advanced software management solutions in the distributed energy resources (DER) sector. The financial details of the transaction have not been disclosed.

Distributed Energy Resource Management System Market Segmentation

• By Component

  • Software

    • Virtual Power Plant

    • Analytics

    • Management & Control

  • Service

• By Application

  • Solar PV Units

  • Energy Storage Systems

  • Wind Generation Units

  • EV Charging Stations

  • Others

• By End User

  • Commercial

  • Industrial

  • Residential

• Key players

  • ABB

  • GE DIGITAL

  • Siemens

  • Schneider Electric

  • ENGIE Group

  • Mitsubishi Electric Power Products, Inc.

  • Itron Inc.

  • Emerson Electric Co.

  • Oracle

  • Spirae, LLC