Guidehouse Insights estimates that the global distributed energy resource management technology market will grow at a compound annual growth rate of 16%
Market drivers include proliferation of data and DERs, supportive policy and regulation, and cloud computing and SaaS
BOULDER, Col., August 31, 2022 /PRNewswire/ — A new report from Glimpses of the House of Guides analyzes the global Distributed Energy Resource Management (DER) technology market. The report delineates several categories of DER management technologies to provide a clear picture of the market and vendor landscape to industry stakeholders. Guidehouse Insights categorizes solutions into IT/OT systems, asset management and monitoring and control, and DER analysis.
As investments in renewable energy continue to expand and grow rapidly in connected and off-grid locations, investments in DER management technologies have also gained momentum around the world. According to a new report from Guidehouse Insights, the global DER management technology market is expected to reach nearly $24.8 billion in 2030, at a CAGR of 15.9%. Investments in IT/OT systems and DER analytics are expected to represent the majority of global spend given the cost and complexity of sophisticated command and control systems and the wide range of analytics applications.
“As emerging technologies, the only consistent definition of DER management technology is a solution that enables a collection of use cases for DER management,” says Michael Kelly, senior research analyst at Guidehouse Insights. “Software vendors are capitalizing on burgeoning opportunities across the space with enhanced offerings for power utilities, aggregators, project developers, and more.”
Several market drivers are merging to increase the demand for DER management technologies in the global markets. They include the proliferation of data and DER, supportive policy and regulation, and cloud computing and SaaS. According to the report, these drivers are the result of natural market and technology evolution, as well as top-down initiatives by policymakers and utilities to support DER growth.
The report, Market Data: DER Management Technologies, analyzes the market for DER management technologies, including advanced distribution management systems (ADMS), grid-based and edge-based distributed energy resource management systems (DERMS), virtual power plants (VPP ), local flexibility market platforms, renewable energy monitoring and control, and DER analysis. It aims to enable current and potential electric utilities and service providers to understand the drivers of projected demand and likely investments in DER management solutions and services. The report provides outlook and analysis for five regions of the world from 2021 to 2030. An executive summary of the report is available for free download at Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data and benchmarking services for today’s rapidly changing and highly regulated industries. Our knowledge is based on an in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, primary end-user research, and demand assessment, coupled with an in-depth review of technology trends, to provide a comprehensive view emerging resilient infrastructure systems. Additional information on Guidehouse Insights is available at www.guidehouseinsights.com.
Guidehouse is a leading global provider of advisory services to the public sector and commercial markets, with extensive risk management, technology and advisory capabilities. By combining our public and private sector expertise, we help our clients address their most complex challenges and overcome significant regulatory pressures focused on transformational change, business resilience and technology-driven innovation. Through a range of consulting, advisory, outsourcing and digital services, we create scalable and innovative solutions that help our clients navigate complexity and position them for future growth and success. The company has more than 13,000 professionals in more than 50 locations worldwide. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets and agenda issues that drive national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release regarding the report, Market Data: DER Management Technologies, is a summary and reflects current expectations of Guidehouse Insights based on market data and trend analysis. Forecasts and market expectations are inherently uncertain and actual results may differ materially from those contained in this press release or report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s findings and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes to update the information contained in this press release or the report.
SOURCE Guidehouse Insights