Siemens (Germany) and Schneider Electric (France) are the Major Players in the Distributed Energy Resource Management System Market
The distributed energy resource management system market is expected to grow from an estimated USD 286 million in 2021 to USD 750 million by 2026, at a CAGR of 21.2% during the forecast period. The growth of this market is driven by the Stringent government mandates for promoting renewable energy usage and subsequent tax reliefs offered by various governments will positively trigger distributed energy resource management system market for the commercial segments.
A few major players that have a wide regional presence dominate the distributed energy resource management system market. The distributed energy resource management system market is dominated by both global and regional players, such as Siemens (Germany), Schneider Electric (France), General Electric (US), ABB (Switzerland), Emerson (US)
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The major strategies adopted by these players include contracts & agreements, product launched & developments, mergers & acquisitions, joint ventures, and partnerships & collaborations. Partnerships & collaborations and new product launches were the two most commonly adopted strategy from January 2018 to May 2021.
Siemens is one of the leading manufacturers of engineering solutions for automation and control, power, transportation, and medical diagnosis. The company’s operations span the entire value chain, ranging from power generation, transmission, and distribution to smart grid solutions. Siemens operates in six business segments: Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, Portfolio Companies, and Siemens Financial Services (SFS). The company offers distributed energy management systems (DERMS) under the Smart Infrastructure business segment. The company has a focus on Joint venture. For instance, in October 2020, Siemens and Macquarie’s Green Investment Group entered into a distributed energy venture, namely, Calibrant Energy. The joint venture offers onsite Energy-as-a-Service (EaaS) solutions for its customers, including corporate and industrial clients, municipalities, universities, schools, and hospitals.
Schneider Electric is a manufacturer of electrical equipment. The company’s key business focus is on the digital transformation of energy management and automation in homes, data centers, buildings, industries, and infrastructures. The company operates through two business segments: Energy Management and Industrial Automation. The company offers distributed energy management systems (DERMS) under the Energy Management business segment. The company has a focus on product launches. For instance, in November 2019, Schneider Electric launched EcoStruxure DERMS that provides centralized analysis and control of all types of DERs, regardless of ownership entity, to deliver value to the grid and all energy stakeholders.
Related Reports:
Distributed Energy Resource Management System Market by Application (Solar PV, Wind, Energy Storage, CHP, EV Charging), Software (Analytics, Management & Control, VPP), End User (Industrial, Commercial, Residential), and Region - Global Forecast to 2026
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