Market barriers include system costs and complexity, associated with the availability of alternative software platforms that perform well with current levels of adoption.
BOULDER, Col., November 30, 2021 / PRNewswire / – A new report from Guidehouse Insights identifies key value streams of Hybrid Distributed Energy Management System (DERMS) and Virtual Power Plant (VPP) offerings and provides an examination of demand drivers, obstacles and market trends until 2030.
The growing deployment of Distributed Energy Resources (DER) and renewable energy is transforming the grid at a rapid pace, with utilities and grid operators relying on smart software for optimization. DERMS and VPP are two types of intelligent software platforms that can optimize the grid to serve grid operators, utilities and energy consumers. DERMS and VPP hybrid platform revenues around the world are expected to grow faster each year than implementation spend, with a compound annual growth rate (CAGR) averaging 35%, according to a new report from Guidehouse Insights. .
âIndividually, each platform provides an important function to help utilities and network operators serve customers reliably,â says Dan Power, Research Analyst at Guidehouse Insights. “However, as the energy industry continues to transition, a single hybrid platform capable of balancing multiple grid priorities should become essential.”
The management of the DER is the main driver of the transition of the global energy market. However, this transition has been costly and large-scale technology deployments are complex. In addition, the availability of alternative software platforms that perform well with current DER adoption levels is also a barrier to the hybrid DERMS and VPP platform market, according to the report.
The report, Market data: DERMS and VPP hybrid platforms, identifies the main value streams of hybrid DERMS and VPP offers. Its main objectives are to identify and assess the opportunities and challenges facing the industry and to assess the likely growth in regions of the world. Guidehouse Insights also provides a review of demand drivers, barriers, and market trends. All major regions of the world are included and the period under review extends to 2030. A summary of the report is available for free download from the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the market intelligence arm of Guidehouse, provides research, data and benchmarking services for today’s rapidly changing and highly regulated industries. Our knowledge is based on an in-depth analysis of the global cleantech markets. The team’s research methodology combines supply-side industry analysis, primary end-user research, and demand assessment, coupled with in-depth examination of technology trends, to provide insight complements emerging resilient infrastructure systems. Additional information about Guidehouse Insights is available at www.guidehouseinsights.com.
Guidehouse is one of the world’s leading providers of advisory services to the public sector and commercial markets, with extensive capabilities in risk management, technology and advisory. By combining our expertise from the public and private sectors, we help our clients address their most complex challenges and overcome significant regulatory pressures with a focus on transformational change, business resilience and technological innovation. Through a range of consulting, consulting, outsourcing and digital services, we create scalable and innovative solutions that help our clients outsmart complexity and position them for future growth and success. The company has more than 12,000 professionals in more than 50 sites around the world. Guidehouse is a portfolio company of Veritas Capital, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets and agenda issues that drive national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Market data: DERMS and VPP hybrid platforms, is a summary and reflects Guidehouse Insights current expectations based on market data and trend analysis. Market forecasts and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or report. Please refer to the full report for a full understanding of the assumptions underlying the report findings and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse makes any commitment to update the information contained in this press release or the report.
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