The North America Distributed Energy Resource Management System Market would witness market growth of 18.7% CAGR during the forecast period (2023-2029).
DERMS is a state-of-the-art system that incorporates solar energy and other distributed energy resources (DERs) into the grid in a seamless manner. When used effectively, these skills provide businesses and their clients with various advantages. It is made up of a number of software management solutions that allow wire operators and distribution services to manage a variety of DERs and so contribute to the immediate management of grid assets.
Additionally, it is described as a control system that enables efficient control of the grid as well as DERs, encompassing capabilities like power quality management, Volt/VAR optimization (VVO), as well as the coordination of DERs dispatch to fulfil operational needs. Additionally, DERMS-controlled grid services are provided by regulating power and voltage along with individual feeders, which has the advantage of providing precise control over a variety of equipment, including smart inverters, capacitor banks, on-load tap changers, customer loads, and voltage regulators (VRegs).
The North America region, especially the United States, is home to 34% of all microgrid projects. This may be explained by the country's aging power mega infrastructure and rising end-user demand for more security and dependability. The need for DERMS is driven by the United States and Canada, which together have numerous distributed generation units and are contributing to the expansion of the regional market. Power outages are brought on in some sections of the region by natural disasters like flooding and storms, despite sufficient power generation as well as the accessibility of transmission & distribution networks. It is believed that the problem can be reduced by using remote power systems, like DERMS, to control distributed energy systems. These factors are propelling the expansion of the regional market.
The US market dominated the North America Distributed Energy Resource Management System Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $226,357.9 Thousands by 2029. The Canada market is poised to grow at a CAGR of 21.4% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 20.3% during (2023 - 2029).
Based on Offering, the market is segmented into Services and Software (Virtual Power Plant (VPP) Software, Management & Control and Analytics). Based on End User, the market is segmented into Industrial, Commercial and Residential. Based on Application, the market is segmented into Solar PV Units, Energy Storage Systems, Wind Generation Units, Combined Heat & Power Generation Systems, EV Charging Stations and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Distributed Energy Resource Management System Market is Projected to reach USD 1.1 Billion by 2029, at a CAGR of 19.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Schneider Electric SE, General Electric Company, Hitachi, Ltd. (Hitachi Energy Ltd.), Emerson Electric Co., Mitsubishi Electric Corporation, Oracle Corporation, Itron, Inc., Generac Holdings, Inc. and Enel S.p.A.
Scope of the Study
Market Segments Covered in the Report:
By Offering
- Services
- Software
- Virtual Power Plant (VPP) Software
- Management & Control
- Analytics
By End User
- Industrial
- Commercial
- Residential
By Application
- Solar PV Units
- Energy Storage Systems
- Wind Generation Units
- Combined Heat & Power Generation Systems
- EV Charging Stations
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- Schneider Electric SE
- General Electric Company
- Hitachi, Ltd. (Hitachi Energy Ltd.)
- Emerson Electric Co.
- Mitsubishi Electric Corporation
- Oracle Corporation
- Itron, Inc.
- Generac Holdings, Inc.
- Enel S.p.A
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Distributed Energy Resource Management System Market, by Offering
1.4.2 North America Distributed Energy Resource Management System Market, by End User
1.4.3 North America Distributed Energy Resource Management System Market, by Application
1.4.4 North America Distributed Energy Resource Management System Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis – Global
3.1 Market Share Analysis, 2021
Chapter 4. North America Distributed Energy Resource Management System Market by Offering
4.1 North America Services Market by Country
4.2 North America Software Market by Country
4.3 North America Distributed Energy Resource Management System Market by Software Type
4.3.1 North America Virtual Power Plant (VPP) Software Market by Country
4.3.2 North America Management & Control Market by Country
4.3.3 North America Analytics Market by Country
Chapter 5. North America Distributed Energy Resource Management System Market by End User
5.1 North America Industrial Market by Country
5.2 North America Commercial Market by Country
5.3 North America Residential Market by Country
Chapter 6. North America Distributed Energy Resource Management System Market by Application
6.1 North America Solar PV Units Market by Country
6.2 North America Energy Storage Systems Market by Country
6.3 North America Wind Generation Units Market by Country
6.4 North America Combined Heat & Power Generation Systems Market by Country
6.5 North America EV Charging Stations Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Distributed Energy Resource Management System Market by Country
7.1 US Distributed Energy Resource Management System Market
7.1.1 US Distributed Energy Resource Management System Market by Offering
7.1.1.1 US Distributed Energy Resource Management System Market by Software Type
7.1.2 US Distributed Energy Resource Management System Market by End User
7.1.3 US Distributed Energy Resource Management System Market by Application
7.2 Canada Distributed Energy Resource Management System Market
7.2.1 Canada Distributed Energy Resource Management System Market by Offering
7.2.1.1 Canada Distributed Energy Resource Management System Market by Software Type
7.2.2 Canada Distributed Energy Resource Management System Market by End User
7.2.3 Canada Distributed Energy Resource Management System Market by Application
7.3 Mexico Distributed Energy Resource Management System Market
7.3.1 Mexico Distributed Energy Resource Management System Market by Offering
7.3.1.1 Mexico Distributed Energy Resource Management System Market by Software Type
7.3.2 Mexico Distributed Energy Resource Management System Market by End User
7.3.3 Mexico Distributed Energy Resource Management System Market by Application
7.4 Rest of North America Distributed Energy Resource Management System Market
7.4.1 Rest of North America Distributed Energy Resource Management System Market by Offering
7.4.1.1 Rest of North America Distributed Energy Resource Management System Market by Software Type
7.4.2 Rest of North America Distributed Energy Resource Management System Market by End User
7.4.3 Rest of North America Distributed Energy Resource Management System Market by Application
Chapter 8. Company Profiles
8.1 Siemens AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Schneider Electric SE
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 General Electric Company
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Hitachi, Ltd. (Hitachi Energy Ltd.)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 Emerson Electric Co.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.5.5.3 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 Mitsubishi Electric Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.5.3 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Oracle Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.7.6 SWOT Analysis
8.8 Itron, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.9 Generac Holdings, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.5.3 Acquisition and Mergers:
8.10. Enel S.p.A
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Recent strategies and developments:
8.10.4.1 Partnerships, Collaborations, and Agreements:
8.10.4.2 Business Expansions:
TABLE 1 North America Distributed Energy Resource Management System Market, 2019 - 2022, USD Thousands
TABLE 2 North America Distributed Energy Resource Management System Market, 2023 - 2029, USD Thousands
TABLE 3 North America Distributed Energy Resource Management System Market by Offering, 2019 - 2022, USD Thousands
TABLE 4 North America Distributed Energy Resource Management System Market by Offering, 2023 - 2029, USD Thousands
TABLE 5 North America Services Market by Country, 2019 - 2022, USD Thousands
TABLE 6 North America Services Market by Country, 2023 - 2029, USD Thousands
TABLE 7 North America Software Market by Country, 2019 - 2022, USD Thousands
TABLE 8 North America Software Market by Country, 2023 - 2029, USD Thousands
TABLE 9 North America Distributed Energy Resource Management System Market by Software Type, 2019 - 2022, USD Thousands
TABLE 10 North America Distributed Energy Resource Management System Market by Software Type, 2023 - 2029, USD Thousands
TABLE 11 North America Virtual Power Plant (VPP) Software Market by Country, 2019 - 2022, USD Thousands
TABLE 12 North America Virtual Power Plant (VPP) Software Market by Country, 2023 - 2029, USD Thousands
TABLE 13 North America Management & Control Market by Country, 2019 - 2022, USD Thousands
TABLE 14 North America Management & Control Market by Country, 2023 - 2029, USD Thousands
TABLE 15 North America Analytics Market by Country, 2019 - 2022, USD Thousands
TABLE 16 North America Analytics Market by Country, 2023 - 2029, USD Thousands
TABLE 17 North America Distributed Energy Resource Management System Market by End User, 2019 - 2022, USD Thousands
TABLE 18 North America Distributed Energy Resource Management System Market by End User, 2023 - 2029, USD Thousands
TABLE 19 North America Industrial Market by Country, 2019 - 2022, USD Thousands
TABLE 20 North America Industrial Market by Country, 2023 - 2029, USD Thousands
TABLE 21 North America Commercial Market by Country, 2019 - 2022, USD Thousands
TABLE 22 North America Commercial Market by Country, 2023 - 2029, USD Thousands
TABLE 23 North America Residential Market by Country, 2019 - 2022, USD Thousands
TABLE 24 North America Residential Market by Country, 2023 - 2029, USD Thousands
TABLE 25 North America Distributed Energy Resource Management System Market by Application, 2019 - 2022, USD Thousands
TABLE 26 North America Distributed Energy Resource Management System Market by Application, 2023 - 2029, USD Thousands
TABLE 27 North America Solar PV Units Market by Country, 2019 - 2022, USD Thousands
TABLE 28 North America Solar PV Units Market by Country, 2023 - 2029, USD Thousands
TABLE 29 North America Energy Storage Systems Market by Country, 2019 - 2022, USD Thousands
TABLE 30 North America Energy Storage Systems Market by Country, 2023 - 2029, USD Thousands
TABLE 31 North America Wind Generation Units Market by Country, 2019 - 2022, USD Thousands
TABLE 32 North America Wind Generation Units Market by Country, 2023 - 2029, USD Thousands
TABLE 33 North America Combined Heat & Power Generation Systems Market by Country, 2019 - 2022, USD Thousands
TABLE 34 North America Combined Heat & Power Generation Systems Market by Country, 2023 - 2029, USD Thousands
TABLE 35 North America EV Charging Stations Market by Country, 2019 - 2022, USD Thousands
TABLE 36 North America EV Charging Stations Market by Country, 2023 - 2029, USD Thousands
TABLE 37 North America Others Market by Country, 2019 - 2022, USD Thousands
TABLE 38 North America Others Market by Country, 2023 - 2029, USD Thousands
TABLE 39 North America Distributed Energy Resource Management System Market by Country, 2019 - 2022, USD Thousands
TABLE 40 North America Distributed Energy Resource Management System Market by Country, 2023 - 2029, USD Thousands
TABLE 41 US Distributed Energy Resource Management System Market, 2019 - 2022, USD Thousands
TABLE 42 US Distributed Energy Resource Management System Market, 2023 - 2029, USD Thousands
TABLE 43 US Distributed Energy Resource Management System Market by Offering, 2019 - 2022, USD Thousands
TABLE 44 US Distributed Energy Resource Management System Market by Offering, 2023 - 2029, USD Thousands
TABLE 45 US Distributed Energy Resource Management System Market by Software Type, 2019 - 2022, USD Thousands
TABLE 46 US Distributed Energy Resource Management System Market by Software Type, 2023 - 2029, USD Thousands
TABLE 47 US Distributed Energy Resource Management System Market by End User, 2019 - 2022, USD Thousands
TABLE 48 US Distributed Energy Resource Management System Market by End User, 2023 - 2029, USD Thousands
TABLE 49 US Distributed Energy Resource Management System Market by Application, 2019 - 2022, USD Thousands
TABLE 50 US Distributed Energy Resource Management System Market by Application, 2023 - 2029, USD Thousands
TABLE 51 Canada Distributed Energy Resource Management System Market, 2019 - 2022, USD Thousands
TABLE 52 Canada Distributed Energy Resource Management System Market, 2023 - 2029, USD Thousands
TABLE 53 Canada Distributed Energy Resource Management System Market by Offering, 2019 - 2022, USD Thousands
TABLE 54 Canada Distributed Energy Resource Management System Market by Offering, 2023 - 2029, USD Thousands
TABLE 55 Canada Distributed Energy Resource Management System Market by Software Type, 2019 - 2022, USD Thousands
TABLE 56 Canada Distributed Energy Resource Management System Market by Software Type, 2023 - 2029, USD Thousands
TABLE 57 Canada Distributed Energy Resource Management System Market by End User, 2019 - 2022, USD Thousands
TABLE 58 Canada Distributed Energy Resource Management System Market by End User, 2023 - 2029, USD Thousands
TABLE 59 Canada Distributed Energy Resource Management System Market by Application, 2019 - 2022, USD Thousands
TABLE 60 Canada Distributed Energy Resource Management System Market by Application, 2023 - 2029, USD Thousands
TABLE 61 Mexico Distributed Energy Resource Management System Market, 2019 - 2022, USD Thousands
TABLE 62 Mexico Distributed Energy Resource Management System Market, 2023 - 2029, USD Thousands
TABLE 63 Mexico Distributed Energy Resource Management System Market by Offering, 2019 - 2022, USD Thousands
TABLE 64 Mexico Distributed Energy Resource Management System Market by Offering, 2023 - 2029, USD Thousands
TABLE 65 Mexico Distributed Energy Resource Management System Market by Software Type, 2019 - 2022, USD Thousands
TABLE 66 Mexico Distributed Energy Resource Management System Market by Software Type, 2023 - 2029, USD Thousands
TABLE 67 Mexico Distributed Energy Resource Management System Market by End User, 2019 - 2022, USD Thousands
TABLE 68 Mexico Distributed Energy Resource Management System Market by End User, 2023 - 2029, USD Thousands
TABLE 69 Mexico Distributed Energy Resource Management System Market by Application, 2019 - 2022, USD Thousands
TABLE 70 Mexico Distributed Energy Resource Management System Market by Application, 2023 - 2029, USD Thousands
TABLE 71 Rest of North America Distributed Energy Resource Management System Market, 2019 - 2022, USD Thousands
TABLE 72 Rest of North America Distributed Energy Resource Management System Market, 2023 - 2029, USD Thousands
TABLE 73 Rest of North America Distributed Energy Resource Management System Market by Offering, 2019 - 2022, USD Thousands
TABLE 74 Rest of North America Distributed Energy Resource Management System Market by Offering, 2023 - 2029, USD Thousands
TABLE 75 Rest of North America Distributed Energy Resource Management System Market by Software Type, 2019 - 2022, USD Thousands
TABLE 76 Rest of North America Distributed Energy Resource Management System Market by Software Type, 2023 - 2029, USD Thousands
TABLE 77 Rest of North America Distributed Energy Resource Management System Market by End User, 2019 - 2022, USD Thousands
TABLE 78 Rest of North America Distributed Energy Resource Management System Market by End User, 2023 - 2029, USD Thousands
TABLE 79 Rest of North America Distributed Energy Resource Management System Market by Application, 2019 - 2022, USD Thousands
TABLE 80 Rest of North America Distributed Energy Resource Management System Market by Application, 2023 - 2029, USD Thousands
TABLE 81 Key Information – Siemens AG
TABLE 82 Key information – Schneider Electric SE
TABLE 83 KEY INFORMATION – General Electric Company
TABLE 84 Key Information – Hitachi, Ltd.
TABLE 85 Key Information – Emerson Electric Co.
TABLE 86 key information – Mitsubishi Electric Corporation
TABLE 87 Key Information – Oracle Corporation
TABLE 88 Key Information – Itron, Inc.
TABLE 89 Key Information – Generac Holdings, INC.
TABLE 90 Key Information – Enel S.p.A
List of Figures
FIG 1 Methodology for the research
FIG 2 Market Share Analysis, 2021
FIG 3 North America Distributed Energy Resource Management System Market share by Offering, 2022
FIG 4 North America Distributed Energy Resource Management System Market share by Offering, 2029
FIG 5 North America Distributed Energy Resource Management System Market by Offering, 2019 - 2029, USD Thousands
FIG 6 North America Distributed Energy Resource Management System Market share by End User, 2022
FIG 7 North America Distributed Energy Resource Management System Market share by End User, 2029
FIG 8 North America Distributed Energy Resource Management System Market by End User, 2019 - 2029, USD Thousands
FIG 9 North America Distributed Energy Resource Management System Market share by Application, 2022
FIG 10 North America Distributed Energy Resource Management System Market share by Application, 2029
FIG 11 North America Distributed Energy Resource Management System Market by Application, 2019 - 2029, USD Thousands
FIG 12 North America Distributed Energy Resource Management System Market share by Country, 2022
FIG 13 North America Distributed Energy Resource Management System Market share by Country, 2029
FIG 14 North America Distributed Energy Resource Management System Market by Country, 2019 - 2029, USD Thousands
FIG 15 Recent strategies and developments: Siemens AG
FIG 16 Swot analysis: Siemens AG
FIG 17 Recent strategies and developments: Schneider Electric SE
FIG 18 Swot analysis: Schneider Electric SE
FIG 19 Recent strategies and developments: General Electric Company
FIG 20 Swot analysis: General electric (GE) Co.
FIG 21 Recent strategies and developments: Hitachi, Ltd. (Hitachi Energy Ltd.)
FIG 22 SWOT Analysis: Hitachi, ltd.
FIG 23 Recent strategies and developments: Emerson Electric Co.
FIG 24 Swot analysis: Emerson Electric CO.
FIG 25 Recent strategies and developments: Mitsubishi Electric Corporation
FIG 26 SWOT Analysis: Mitsubishi Electric Corporation
FIG 27 Recent strategies and developments: Oracle Corporation
FIG 28 SWOT analysis: Oracle Corporation
FIG 29 Recent strategies and developments: Itron, Inc.
FIG 30 Recent strategies and developments: Generac Holdings, Inc.
FIG 31 Recent strategies and developments: Enel S.p.A