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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.