DistribuTECH's Focus on DERMS: Trends and Market Analysis
A big trend in recent DistribuTECH conferences has been the focus on DERMS and various grid modernization and software solutions. This begs the question: what is DERMS? K&A, a market research firm focused on the energy and power industries, prepares a range of energy benchmarking studies and market analysis focused on the electric utility generation, transmission, and distribution sectors. We meet with electric utilities at various conferences and also conduct various energy industry demand generation and nurture campaigns for branding, lead generation, and lead pipeline development for our clients. This gives us some energy industry domain authority to comment on this subject.
What is DERMS?
The current market landscape for Distributed Energy Resource Management Systems (DERMS) is characterized by a growing interest among larger western utilities in incorporating renewable assets and DERs into their networks. The relevance of DERMS solutions is contingent upon the country's energy transition maturity, with Western Europe, the USA, and Australia-NZ leading in DER penetration. Advanced markets, particularly in Western Europe and the USA, are in the early stages of DERMS adoption, with a focus on comprehensive solutions covering forecasting, DER Device Management, Visibility & Analysis, Control, Demand Management, Grid Services, and Market Interactions. These markets express a clear need for a holistic approach to managing DERs, including various services and interactions. On the other hand, emerging markets in Eastern Europe and Asia-Pacific are experiencing limited DER activity, with utilities in these regions serving rural markets where customer energy choices and operational excellence may not be high priorities. The DERMS landscape in these regions requires more clarity in regulatory frameworks and may not be compensated by rate base yet. Overall, the DERMS market exhibits diverse needs and opportunities, with advanced markets seeking sophisticated solutions and emerging markets requiring tailored approaches to fit their specific conditions.
How do you Tap into the DERMS Market Opportunity Among Electric Utilities?
In navigating the complex landscape of the DERMS market, a strategic partner with in-depth knowledge of the industry and a profound understanding of key decision-makers in the grid software business is crucial. K&A, with its expertise and established relationships, is uniquely positioned to assist our DERMS solution providers in uncovering opportunities within the DERMS market. Leveraging our comprehensive understanding of market dynamics and the specific needs of North American, European, Middle east and Asian utilities, K&A can orchestrate a targeted webinar that not only educates but engages potential stakeholders. This approach allows for a focused exploration of DERMS solutions, aligning our client's offerings with the evolving demands of the market. Through a tailored and insightful webinar, K&A can effectively facilitate meaningful discussions, providing our DERMS solution provider clients with a strategic avenue to showcase its capabilities and establish connections with key players in the global DERMS landscape.
K&A has developed a global DERMS Market Analysis and Study: Trends, Insights, and Future Outlook of various electric utilities around the world. For more information click here
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