According to the report, The Proliferation of Advanced Metering Infrastructure or Smart Meter for Advanced Data Planning and Increasing Capacity of DER Needing Communication Networks is one of the primary growth factors for the market. Growing Demand for the AI to Handle and Scale Load and Generation in Power Grid Infrastructure
is also expected to contribute significantly to the AI for DER integration market. Overall, applications of AI for DER integration, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.
AMAs Analyst on the Global AI for DER integration Market identified that the demand is rising in many different parts of the world due to "Surging Governmental Spending and Investment Programs for Transmission and Management of Centralized Power Generation Source will Boost the AI for DER integration Market". Furthermore, some recent industry insights like "On 23rd August 2021, Mitsubishi Electric acquires DER software company Smarter Grid Solutions. SGS’ DER management system facilitates the integration of DER into markets and grids, including grid capacity management, interconnection, and energy as a service." is constantly making the industry dynamic. One of the challenges that industry facing is "Stiff Competition in the AI for DER integration Market"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global AI for DER integration market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the AI for DER integration market and other related sub-markets covered in the study.
o Key & emerging players in the AI for DER integration market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall AI for DER integration market size is calculated using market estimation process, the AI for DER integration market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global AI for DER integration market size has been validated using both top-down and bottom-up approaches.