NEW YORK, May 23, 2016 /PRNewswire/ -- Growing number of distributed resources including solar and EV charging stations is expected to present significant economic and technical challenges. Over the next 5 years, distributed energy resource management system (DERMS) is expected to be one of the preferred solutions for managing these distributed resources along the grid. This study provides an in-depth analysis of the competitive landscape and key challenges and opportunities that vendors experience in this space, along with profiles of industry movers and shakers. Each profile highlights product value proposition and includes case studies of deployed DERMS offering by suppliers.
At the global level, the proliferation of renewable energy installations and other distributed generation assets is impacting the utility industry and grid network. Such proliferation is disrupting conventional business models and grid stability.
• By 2020, the need for DERMS is expected to increase, as more and more distributed energy resources are integrated into the grid network. In the last few years, there is a growing trend among the utilities to implement DERMS to effectively control and manage the proliferation of disparate devices in the field.
• The target market for DERMS in the short term are states such as California, Texas, and others with a high penetration of renewable energy resources.
• Utilities such as SDG&E and Duke Energy are some of the pioneers in the DERMS space, as they have already initiated projects to address the challenges in integrating distributed energy into their mainstream grid network.
• Developed regions including North America and Europe will be the early adopters of DERMS, while other regions such as APAC and the Middle East will be the ideal markets for DERMS in the long run as they implement more DER on to their system. Frost & Sullivan's 2016 Global Distributed Energy Outlook projects the global DER market to grow at a compound annual growth rate (CAGR) of % between 2015 and 2020 with the fastest growth projected to occur in China, Japan, South Korea, and India.
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