Rising Needs to Optimize Grid Performances Drive the DERM Market
Distributed energy resource management (DERM) refers to the distribution grid management. These systems are primarily used to tackle the challenges related to the distribution of electric utilities. The strong market growth attributes to the global energy demand rising with the expanding population and escalating urbanization rate across emerging regions.
Rising advances in grid infrastructure technologies, alongside the need to provide clean & highly efficient energy supply, are projected to impact market growth positively. Additionally, increasing government focus on integrating DERM for efficient grid management would substantiate the market s growth. The increased renewable power generation, alongside growing government mandates and updated policies, increases the DERM market share.
Distributed Energy Resource Management Market to Develop at 15 78% CAGR by 2027 | Market Research Future (MRFR)
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Distributed Energy Resource Management Market to Develop at 15 78% CAGR by 2027 | Market Research Future (MRFR)
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Virtual Power Plant Market size be at Forefront size 2026 Virtual Power Plant Market size be at Forefront size 2026
BriefingWire.com, 5/05/2021 - Market Scenario
Global Virtual Power Plant Market is expected to reach US$800 Mn by 2026 at a CAGR of 30.50% during the forecast period. Virtual Power Plant (VPP) refers to a cluster of small-scale generators, such as power (CHP) units and combined heat and, backup generator sets, biogas plants, which collectively act akin to a single large power plant.
Virtual Power Plan Market
The increase in residential energy storage system, as well as the increase in penetration of smart grid technologies, is some of the major driving factors expected to propel the virtual power plant market during the forecast period. Health concerns over high frequency human exposure of radio and electromagnetic waves hamper the potential of the market for different end users.