Global Distributed Energy Resource Management System MARKET By Japan Country

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

Market Dynamics

japan, also known as the "land of the rising sun", is a country that is highly reliant on imported energy resources. the lack of natural resources and the high costs associated with their import have pushed the country to look for alternative sources of energy. this has given rise to the demand for a global distributed energy resource management system (derms) in japan. a derms is a system that helps in the management and optimization of various distributed energy resources such as solar, wind, and batteries, among others. it also enables the integration of these resources into the existing grid infrastructure, thus creating a more efficient and reliable energy system. in japan, the implementation of derms has been driven by the country's aim to promote energy security, diversification, and sustainability. the 2011 fukushima disaster highlighted the vulnerability of japan's energy infrastructure, leading the government to implement policies that encouraged the adoption and integration of renewable energy sources. the government's strong push for renewable energy has created a positive environment for the growth of the derms market in japan. according to a report by marketsandmarkets, the japanese derms market is expected to reach usd million by the year 2023, growing at a cagr of around 30% between 2018 and 2023. the increasing demand for derms in japan can also be attributed to the country's aging population and its need for reliable and stable electricity supply. the integration of derms into the existing energy infrastructure not only reduces the burden on the grid but also enables the utilization of energy resources closer to the point of consumption. furthermore, the japanese government's efforts to transition towards a low-carbon economy have also contributed to the demand for derms. the country has set a goal to reduce its greenhouse gas emissions by 26% by the year 2030, which can only be achieved by increasing the share of renewable energy sources in its energy mix. japan's leading role in technological advancements, especially in the field of energy storage, also bodes well for the derms market. with the increasing adoption of electric vehicles and the need for reliable energy storage solutions, derms is expected to play a crucial role in the future energy landscape of japan. in conclusion, the demand for derms in japan is a result of the country's efforts to promote clean, secure, and reliable energy systems. this, along with its technological advancements and government support, makes japan a key market for the growth of the global derms industry.