Global Distributed Energy Resources (DERs) Management Systems Market Research Report Forecast (2024-2030)

1. Distributed Energy Resources (DERs) Management Systems Market 2024-2030 sales@marknteladvisors.com Swipe +1 628 895 8081, +91 120 4278433 www.marknteladvisors.com

2. 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. Swipe

3. Market Driver Expansion of Power Grid Lines Amplifying Market Growth Over the years, the population across the globe has increased substantially. As per the World Bank Statistics, in 2022, the total population reached around 7.95 billion, an increase of about 60 million people compared to 2021. Along with this, there has been a rise in urbanization across the region, like Asia-Pacific & South America. This is resulting in higher requirements for the residential spaces that need the power. Therefore, private entities are actively expanding their power gridlines to fulfill the requirements of the customers and make electricity accessible to the mass population. For instance, in 2022, Iberdrola announced an investment of around USD 45 billion to extend the grid network in the US. Swipe

4. Market Segmentation 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) By Regions (North America, South America, Europe, The Middle East & Africa, Asia-Pacific) Swipe

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