DERMS Market Anticipated to Reach $1.44 billion by 2029, Witnessing a CAGR of 18.8% During 2024 to 2029
The Distributed energy resource management systems (DERMS) market is expected to grow from an estimated in USD 0.61 billion in 2024 to USD 1.44 billion by 2029, at a CAGR of 18.8% during the forecast period. The market for DERMS is thus growing rapidly. Some of the key factors driving the market are increased adoption of renewable energy sources such as solar and wind power, which are considered significant...
Distributed Energy Resource Management System Market Set to Reach New Heights in Response to Increasing Energy Needs
The need for energy efficiency and increasing investments to upgrade aging grid infrastructure are expected to drive the growth of the distributed energy resource management system market during the forecast period.
The global distributed energy resource management system market is projected to reach USD 750 million by 2026 from an estimated USD 286 million in 2021, at a CAGR of 21.2% during the...