The study found that electric utilities will rely on the integration of existing ADMSs and DERMSs to effectively manage changing business and network conditions.
The energy cloud, a mix of DERs and smart grid solutions and decentralisation of operations, is challenging utilities.
Michael Kelly, a research analyst with Navigant Research, said: “While dozens of solutions are being explored by utilities, ADMSs and DERMSs are emerging as consensus winners in the energy cloud future.
“The global market for these management solutions is expected to grow across all markets as utilities look to improve operational efficiencies, reduce costs, and mitigate the disruptive impacts of DER.”
Navigant suggests vendors want to take advantage of the market to focus on flexibility, functionality, and interoperability.
In addition, developing integration expertise, enabling modularity, and creating standardised product delineation can foster competition going forward.
More information about the report, visit Optimising DER Integration and Grid Management with DERMS and ADMS