BOULDER, Colo., Nov. 30, 2021 /PRNewswire/ -- A new report from Guidehouse Insights identifies the key value streams of hybrid distributed energy resource management system (DERMS) and virtual power plant (VPP) offerings and provides a review of demand drivers, barriers, and?market trends through 2030.
Increasing deployment of distributed energy resources (DER) and renewables is transforming the grid at a rapid pace with utilities and grid operators relying on intelligent software for optimization. DERMS and VPPs are two types of intelligent software platforms that can optimize the grid to serve grid operators, utilities, and energy consumers. According to a new report from Guidehouse Insights, revenue from hybrid DERMS and VPP platforms worldwide is expected to grow more quickly each year than implementation spending, averaging a compound annual growth rate (CAGR) of 35%.
"Individually, each platform offers an important function to assist utilities and grid operators in reliably serving customers," says Dan Power, research analyst with Guidehouse Insights. "However, as the energy industry continues to transition, a single, hybrid platform capable of balancing multiple grid priorities is expected to become essential."
DER management is the primary driver of the global energy market transition. 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 also poses a barrier to the hybrid DERMS and VPP platform market, according to the report.
The report, Market Data: Hybrid DERMS and VPP Platforms, identifies the key value streams of hybrid DERMS and VPP offerings. Its major objectives are to identify and evaluate opportunities and challenges facing the industry and to assess likely growth in global regions. Guidehouse Insights also provides a review of demand drivers, barriers, and?market trends. All major global regions are included, and the examined period extends through 2030. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 12,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Market Data: Hybrid DERMS and VPP Platforms, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
SOURCE Guidehouse Insights
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