The Global Energy Trading and Risk Management (ETRM) Market size is expected to grow from USD 1.39 billion in 2022 to USD 1.98 billion by 2030, at a CAGR of 4.5% during the forecast period (2023-2030).
Market Overview:
The Energy Trading and Risk Management (ETRM)system covers trading decision-making and market execution using an integrated system that enables data exchange between trading, credit, operations, contracts, and accounting. Event and trade identification/capture, planning/ordering/shipping and settlement execution, and overall risk management strategies/policies are integral to the process.
The process also brings about price transparency, controlled access, market surveillance, and regulatory compliance. In addition, energy trading and risk management software is used by financial trading companies, banks, and upstream, midstream, and downstream physical energy companies.
Top Key Players in the Energy Trading and Risk Management (ETRM) Market:
Accenture, Generation 10 Ltd., Allegro Development Corporation, Amphora Inc., Brady Technologies, Triple Point Technology Inc., Openlink LLC., ComFin Software, Eka Software Solutions, SAP SE, Sapient, Enuit LLC, Contigo Software Ltd., Ventyx, Trayport, Calvus, FIS, Previse Systems GmbH, and Other Major Players.
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The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels.
For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.
Market Dynamics and Factors for Energy Trading and Risk Management (ETRM) Market:
Drivers:
Enables Risk Management Activities
Effective risk management is a pivotal component that not only safeguards businesses but also propels the expansion of the Energy Trading and Risk Management (ETRM) market. By enabling comprehensive risk management activities, organizations can proactively identify, assess, and mitigate potential threats and uncertainties within the ETRM sector.
This, in turn, fosters a sense of stability and confidence among market participants, leading to increased participation and investment. As risk concerns are addressed adeptly, stakeholders become more willing to explore new horizons and engage in higher-value transactions.Opportunities:
High Financial Risks and Growth of Major Business Organizations
The complex landscape of high financial risks presents both challenges and opportunities for major business organizations, particularly in the context of the Energy Trading and Risk Management (ETRM) market. The interconnected global economy and volatile energy markets expose companies to a range of financial uncertainties, including market price fluctuations, regulatory changes, and geopolitical factors.
These risks can potentially undermine growth and stability. However, they also create a significant opportunity for the ETRM market to shine.
As businesses seek to navigate these intricate financial risks, the demand for advanced risk management solutions, such as ETRM platforms, intensifies.
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Segmentation Analysis of the Energy Trading and Risk Management (ETRM) Market:
By Operation, the back-office segment is expected to dominate the market. The back office transmits out accounting operations and derivative accounting tasks and conducts the inventory.
By Application, electric power industries are likely to dominate in this area. The convergence of heightened demand for electricity, renewable energy integration, and evolving regulatory landscapes underscores the critical role that the electric power industries play in shaping the Energy Trading and Risk Management (ETRM) market.
By Type
- Software
- Service
- Others
By Application
- Oil Industries
- Refineries
- Gas Industries
- Electric Power Industries
By Functionality
- Trade & Operations
- Hedging & Risk
- Inventory Management & Reconciliation
- Financial Accounting
- Reporting
- Integration
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Regional Analysis of the Energy Trading and Risk Management (ETRM) Market:
North America is expected to dominate the market during the forecast period. The region's prominence is attributed to its robust energy infrastructure, matured trading ecosystem, and technological advancements that provide a fertile ground for the adoption of ETRM solutions.
With its well-established energy markets and diverse energy sources, North America presents an intricate landscape of risks and opportunities, necessitating sophisticated risk management strategies.
By Region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Development:
In October 2021, Eka Software Solutions, the leading cloud platform for digital innovation, declared a partnership with Enverus, the leading global energy data analytics and SaaS technology company to offer energy traders new solutions for enhanced risk management and decision-making. Eka will provide a pre-built connector on its Energy Trading and Risk Management Platform for seamless access to Enverus' MarketView and CurveBuilder data, including forwarding curves, settlement prices, and foreign exchange.
In September 2020, Hitachi ABB Power Grids signed a decisive contract to purchase US-based Pioneer Solutions LLC, a provider of industry-leading front-to-back-office Commodities/Energy Trading and Risk Management (C/ETRM) solutions, headquartered in Denver, Colorado, USA. This growth will give the business the most comprehensive providing in the market.
The accession is anticipated to close in the fourth quarter of 2020.
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