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Explore the Distributed Energy Resources (DERs) Management Systems Market, projected to grow at a CAGR of 17.03% from 2024 to 2030, reaching USD 1,334 million. Discover key drivers, challenges, and trends shaping the market.<br>
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Global Distributed Energy Resources (DERs) Management Systems Market Research Report: Forecast (2024-2030) • GET UPDATED SAMPLE REPORT 2025-2030 • MARKNTEL ADVISORS
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Market Insights The Global Distributed Energy Resources (DERs) Management Systems Market size was valued at around USD 401 million in 2023 and is projected to reach around USD 1,334 million by 2030. Along with this, the market is estimated to grow at a CAGR of about 17.03% during the forecast period, i.e., 2024-30. The factors attributing to the growth in the demand for these management solutions are the upgradation of the power grid lines, the establishment of smart cities & homes, and the inclination towards renewable and sustainable power solutions.
Market Trends Increasing Adoption of AI and ML Technology-Based DERs Management Systems to Amplify Market Growth – In recent years, it has become extremely important to remotely monitor power distribution, consumption & generation to meet the expectations of the customer. As a result, there has been a surge in the adoption of AI & ML-based DER Management Systems. These systems help in real-time data processing and can potentially detect any abnormalities in the power grid, making it essential for the operators to opt for these solutions to avoid any issues or power outages. Along with this, these tech-based solutions help in evenly distributing the power based on the end-user’s power consumption behavior. Therefore, to improve the overall stability & reliability of the grid and ensure proactive management, the public as well as private utility companies are actively shifting towards these solutions, augmenting market size & volume.
Market Segments Distributed Energy Resources (DERs) Management Systems Market Report - By Software (Analytics, Virtual Power Plant, Management & Control), By Application (Solar Photovoltaic (PV) Units, Wind Generation Units, Energy Storage Systems, Combined Heat & Power Generation Systems, EV Charging Stations, Others), By End User (Industrial, Residential, Commercial, Utilities), and Others
Top Companies ABB Ltd., General Electric, Siemens AG, Schneider Electric, Oracle Corporation, Itron, Autogrid Systems Inc., Mitsubishi Electric Corporation, Opus One Solutions, Emerson Electric Co., Generac, Enel, Doosan Corporation, EnergyHub, Engie SA, and others.
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MarkNtel Advisors Target Geographies- Focus Areas • MarkNtel has strategically defined its target areas which are based on evaluation by its analysts after analysing the growth potential of various regions. Few of those parameters include: • -Political, Economic, Social, Technological and Environmental Analysis • -Credit Ratings provided by leading institutions • -GDP projections by bodies such as the World Bank, IMF, OECD, etc. • -Market Disruptions and the “Next Big Things”
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