Distributed Energy Resource Management System (DERMS) Market To 2018 - 2026 Growth Analysis By Manufacturers, Regions, Forecast Analysis
A distributed energy resource management system (DERMS) allows utilities to manage distribution grids with a variety of connected distributed energy generation (DEG) assets and capitalizes on the benefits from the distributed resources including behind-the-meter and larger utility-grade resources. They play a crucial role in catering to the rising energy demand. Insufficient power supplied by centralized power systems coupled with their rising prices are expected to lay the groundwork for the DEG systems market which will be a crucial factor adding to the growth of the distributed energy resource management system (DERMS) market. Insufficient centralized electricity supply, paradigm shift in energy generation toward green technology, and increased awareness about carbon footprint reduction coupled with revised FIT (Feed in Tariff) rates are expected to spur the market growth. The high initial investment acts as a major barrier to the market. However, price decline in the co