Distributed Energy Resource Management System Market Estimate 2021, Growth Rate Forecast to 2027 and EndUser/Application
Market Highlights Distributed energy resource (DER) management is the management of the distribution grid, which is integrated with DERs. To tackle the current challenges related to the distribution grid, electric utilities need new sets of tools to manage highly adopted DERs. Such tools are a combination of different hardware and software that are integrated to manage these resources properly. A Distributed Energy Resource Management Market is a module that manages the DERs and traditional distribution assets such as capacitor banks, voltage regulators, and tap changers. This system increases the grid reliability and performance of the DERs by significantly reducing the voltage excursions and maintain higher network stability. Hence, DERMS manages to significantly increase network hosting capacity for DERs and achieve regulatory targets for renewable power generation with minimal investment in network capacity. The growing need for increasing the share of renewable e...