Distributed Energy Resources (DER) Technology Market, By Technology (Solar PV, Wind, Energy Storage, Combined Heat & Power, and Others), By Software (Analytics, Management & Control, and Virtual Power Plants), By End-user (Government & Municipalities, Industrial, Commercial, Residential, and Military), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2034

Report Code: PMI440220 | Publish Date: March 2024 | No. of Pages: 180

Global Distributed Energy Resources (DER) Technology Market Overview

Distributed Energy Resources (DER) Technology Market accounted for US$ 52.1 billion in 2019 and is estimated to be US$ 165.2 billion by 2029 and is anticipated to register a CAGR of 12.4%.

Distributed Energy Resources (DERs) are electricity production components (less than 10 MW). Distributed energy resources technologies contains distributed generation (DG) and distributed power (DP). Distributed energy resources systems are modular, decentralized, & more flexible technologies that are situated within the electric distribution system at or close to the end user. Distributed generation technologies induces biomass, small hydro, biogas, wind power, solar power, waste-to-energy, fuel cells and geothermal power. Distributed power is a technology that generates or stores power (e.g. flywheels and batteries). Distributed energy resource management system incorporates and manages the vast distributed energy resources in a grid. 

Global Distributed Energy Resources (DER) Technology Market Dynamics

In past decades, energy regulation and advances in technology have compelled a substantial growth in the distributed energy resources. The industrial and residential customers are shifting from centralized to de-centralized power generation, thus are boosting the global distribution energy resource technology market. The DERs are affecting the grid reliability and performance, henceforth proceeding the scope of distributed energy resource technology.

Along with increasing the reliability of the distributed energy resource management system it also maintains power quality, reduces the overall cost, decreases losses and ensures safe operation of the grid. Further, with the dropping renewable energy prices, growing environmental concern and favorable government policy are propelling the distribute energy resources technology hence fueling the distributed energy resource technology market.

However, the high initial investment is the major factor hampering the adoption of distributed energy resource technology among the consumer, therefore limiting the target market growth. Additionally, regulatory issues associated with the DERs could be a hamper the distributed energy resource technology market.

The residential sector is projected to have a high growth rate during the forecasted period due to the reduced cost of DERs such as solar PV and battery storage. The rising number of distributed energy resources is projected to create significant challenges in the grid, distributed energy resource technology is estimated to be the perfect solution for managing these resources. Manufacturers are investing highly on research and development of sophisticated distributed energy resource technology to control and manage the rising number of distributed energy resources.

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Global Distributed Energy Resources (DER) Technology Market Segmentation

Distributed energy resources (DER) technology market is segmented based on the technology, software, end-user, and region.

On the basis of the technology, the global distributed energy resources (DER) technology market is segmented into solar PV, wind, energy storage, combined heat & power, and others. Based on the Software, the target market is segmented into analytics, management & control, and virtual power plants. Based on the end-user, the target market is classified into government & municipalities, industrial, commercial, residential, and military.

In the region, the distributed energy resources (DER) technology market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific distributed energy resources (DER) technology market estimates for maximum share to the global market and is accounted to maintain its dominance during the forecast period. Growing demand for electricity, significant regulations and investments in the energy sector coupled with growing purchase power of people in developing countries such as China, Korea, and India is projected to boost the growth of the global market. Europe estimates for moderate revenue share in the target market and is projected to register substantial growth in the coming years. Implementation of stringent regulations and attractive government schemes including net metering and feed-in tariff (FIT) are some of the major factors anticipated to propel the target market in countries in the region. North America accounts a significant revenue share to the global market. Government norms for green energy consumption is projected to boost the growth of the DEG market.

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Attribute

Details

The base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2023 – 2034

Market Segmentation

By Technology - Solar PV, Wind, Energy Storage, Combined Heat & Power, and Others

By Software - Analytics, Management & Control, and Virtual Power Plants

By End-user - Government & Municipalities, Industrial, Commercial, Residential, and Military

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029.  For the purpose of this study, has segmented the global distributed energy resources (DER) technology market report based on technology, software, end-user, and region.

Market Segmentation, By Technology:

  • Solar PV
  • Wind
  • Energy Storage
  • Combined Heat & Power
  • Others

Market Segmentation, By Software:

  • Analytics
  • Management & Control
  • Virtual Power Plants

Market Segmentation, By End-user:

  • Government & Municipalities
  • Industrial
  • Commercial
  • Residential
  • Military

Global Market, By Region:

  • North America
    • Middle East & Africa
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
      • U.S.
      • Canada

Global Distributed Energy Resources (DER) Technology Market Key Players

The key players operating in the distributed energy resources (DER) technology market include ABB, Siemens AG, Spirae, LLC, GENERAL ELECTRIC, Schneider Electric, Blue Pillar, AutoGrid Systems, Inc., Advanced Microgrid Solutions, Opus One Solutions, and Smarter Grid Solutions. Manufacturers are investing highly on research and development of sophisticated distributed energy resource technology to control and manage the rising number of distributed energy resources. For instance, in 2108, GreenSync’s deX was designed to help electricity networks in order to better utilize the increasing penetration of DERs and VPPs and allow consumer energy assets to be registered and visible to the grid. It also enabled consumers to benefit from selling their generation from assets and appliances such as smart air conditioners, solar PV, batteries, and hot water systems to be used for a range of grid services, including managing frequency, providing energy for the wholesale market and reducing network constraints.

Global Distributed Energy Resources (DER) Technology Market Company Profile

  • ABB, Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Siemens AG
  • Spirae, LLC
  • GENERAL ELECTRIC
  • Schneider Electric
  • Blue Pillar
  • AutoGrid Systems, Inc.
  • Advanced Microgrid Solutions
  • Opus One Solutions
  • Smarter Grid Solutions

“*” marked represents similar segmentation in other categories in the respective section

Global Distributed Energy Resources (DER) Technology Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Software Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for Distributed Energy Resources (DER) Technology Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Technology
      • Market Snippet, By Software
      • Market Snippet, By End-user
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Technology, 2020 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
      • Y-o-Y Growth Analysis (%), 2020 – 2029
      • Segment Trends
    • Solar PV
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Wind
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Energy Storage
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Combined Heat & Power
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
  6. Market Segmentation, By Software, 2020 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
      • Y-o-Y Growth Analysis (%), 2020 – 2029
      • Segment Trends
    • Analytics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Management & Control
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Virtual Power Plants
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
  7. Market Segmentation, By Application, 2020 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
      • Y-o-Y Growth Analysis (%), 2020 – 2029
      • Segment Trends
    • Government & Municipalities
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Industrial
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Commercial
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Residential
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
    • Military
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2029
  8. Global Market, By Region, 2020 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2029
      • Y-o-Y Growth Analysis (%), 2020 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Software, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Software, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Software, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Software, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2029
      • Market Size  and Forecast (US$ Mn), By Country, 2020 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Software, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  10. Company Profiles
      • ABB, Ltd.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategies
      • Siemens AG
      • Spirae, LLC
      • GENERAL ELECTRIC
      • Schneider Electric
      • Blue Pillar
      • AutoGrid Systems, Inc.
      • Advanced Microgrid Solutions
      • Opus One Solutions
      • Smarter Grid Solutions
  11. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The global distributed energy resources (DER) technology market is segmented based on technology, software, end-user, and region.

Dropping renewable energy prices, growing environmental concern and favourable government policy are propelling the distribute energy resources technology market.

The Asia Pacific distributed energy resources (DER) technology market estimates for maximum share to the global market and is accounted to maintain its dominance during the forecast period.

Manufacturers are investing highly on research and development of sophisticated distributed energy resource technology to control and manage the rising number of distributed energy resources.