TECH BUYER Apr 2022 - IDC MarketScape - Doc # US47455621
IDC MarketScape: Worldwide Distributed Energy Resource Management Systems 2022 Vendor Assessment
This IDC study evaluates vendors in the distributed energy resource management systems (DERMSs) space for the utilities industry through a qualitative and quantitative assessment of their capabilities and strategies. It aims to aid utilities in deciding on their current or future DERMS implementations, as well as to assist vendors in deepening their understanding of the competitive landscape.
"Ramping up investment in renewables will not suffice. In the absence of an effective distributed energy resources (DER) management strategy, utilities will struggle to progress on the path to net zero," said Gaurav Verma, research manager, IDC Energy Insights. "Vendors in this space have made impressive strides through technological innovations, offering automated forecasting, AI/ML-powered real-time monitoring and control, demand response modelling, and grid optimization to support utilities with DER-enabled operational capabilities."
"Distributed energy resources and renewable generation assets coupled with climate change challenges are creating a complex environment that utilities need to manage; hence, DERMS becomes an essential platform, providing the required capabilities to monitor, control, and effectively navigate the integrated energy resources," says Jayesh Verma, senior research manager, IDC Asia/Pacific Energy Insights.
"Distributed energy resource management systems are becoming essential software offerings to help manage the power grid and are on the top of mind for many utilities executives. This document helps the power and utility sector better understand the current state of distributed energy resource management offerings provided by well-established vendors in this space and also provides a summary of the evaluation and assessment of distributed energy resource management systems in the market today," said John Villali, research director, IDC Energy Insights.
IDC Energy Insights: Asia/Pacific Utilities and Natural Resources Industry Market Intelligence , IDC Energy Insights: Asia/Pacific Utilities Digital Strategies , IDC Energy Insights: North America Utilities Digital Transformation Strategies , IDC Energy Insights: Worldwide Utilities Connected Asset Strategies
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