Global Distributed Energy Resource Management System MARKET By China Country

Synopsis
The above chart is Global Distributed Energy Resource Management System MARKET By China Country (USD Million)

Market Dynamics

the global distributed energy resource management system (derms) market has been gaining traction over the past few years due to its significant role in integrating renewable energy sources and ensuring grid stability. derms is an advanced energy management system that enables the integration and control of diverse distributed energy resources such as solar panels, wind turbines, and energy storage systems into the electricity grid. china, being the world's largest energy consumer and a major contributor to carbon emissions, has been making significant efforts to embrace derms technology and shift towards renewable energy sources. the demand for derms in china is primarily driven by the country's ambitious goal to reduce its carbon intensity by 60-65% by 2030 and reach carbon neutrality by 2060. to achieve this goal, the chinese government has been promoting the development and deployment of renewable energy sources, such as solar and wind power. according to the international energy agency, china has become the world's largest investor in renewable energy, accounting for more than 45% of global renewable energy investments in 2020. this trend is expected to continue, leading to a surge in demand for derms in the country. moreover, the increasing need for grid stability and reliability is also propelling the demand for derms in china. the country's rapid economic growth has resulted in a significant increase in electricity demand, leading to grid congestion and potential blackouts. derms technology can help mitigate these challenges by providing real-time monitoring and control of distributed energy resources, ensuring a reliable and stable grid. furthermore, the chinese government's support and initiatives to promote smart grid development is another factor contributing to the demand for derms in the country. the implementation of a smart grid enables the integration of derms into the electricity network, enabling efficient utilization of renewable energy and improved grid stability. the chinese government's 13th five-year plan (2016-2020) for smart grid development includes the deployment of derms and distributed energy systems, further driving the demand for derms in the country. in conclusion, the demand for derms in china is expected to witness significant growth in the coming years, driven by the country's efforts to promote renewable energy, ensure grid stability, and support smart grid development. as china continues to make strides towards a cleaner and more sustainable energy future, the adoption of derms technology will play a crucial role in achieving these goals.