Aging electricity grids and growing focus on energy efficiency has been driving smart grid transformations over the past few years. Ensuring power delivery and utilization in these systems along with dealing with real-time pricing information has given rise to the need for efficient network management and control. Utilities have been aiming to enhance the reliability, efficiency, safety and interoperability in electricity distribution, in which distribution management systems (DMS) play a major role.
DMS forms an integral part of the smart grid, serves as an operations platform, and helps utilities leverage the benefits of smart grid transitions. In order to develop a DMS solution, system integrators need to bring together elements such as field equipment, control centers, supporting systems and communications, which are supplied by different vendors. Growing initiatives regarding automated metering, substation automation and distribution automation have necessitated the presence of DMS, which is expected to significantly contribute to market growth. Furthermore, regulatory mandates for the installation of smart meters and implementation of smart grid, particularly in the European Union, are expected to give impetus to the industry. DMS helps utilities analyze power outages for fault detection, isolation and restoration. Therefore, increasing demand for prevention of power blackouts and ensuring power availability and reliability is estimated to result in increasing adoption of a distribution management system.
Trends such as distributed generation and PHEV (plug-in hybrid electric vehicle) require tight coupling between control systems and enterprise systems to ensure manageable two-way power flow. DMS offers financial, business, as well as customer-related benefits such as ability to meet regulatory requirements, safety, scalability, and improved customer service. It also provides actionable information for smart meter integration, electric vehicles integration, outage time reduction, and grid optimization. However, low degree of familiarity with developed technologies could act as a restraint to market growth over the next few years. North America accounted for majority of the global market in 2012; it is expected to lose market share to Asia Pacific over the forecast period. Key companies operating in the market include ABB Group, Alstom SA, Siemens AG, Eaton Corp., Landis+Gyr AG, Schneider Electric SA, and GE Energy among others.
This report, by Grand View Research, takes a closer look at the distribution management systems industry, providing a holistic perspective on market dynamics, trends, supply and demand. The report deep-dives into the market and segments it on multiple levels and providing key insights on a macro as well as micro level. The study aims at providing granular information, regarding estimates and forecasts for key regional markets of North America, Europe, Asia Pacific and Rest of the World (RoW).
This research report analyzes various factors which have been driving and inhibiting the global distribution management systems market in the past. In addition, the report analyzes the impact of each driver and restraint on the market growth, which forms the base for market forecast. The report also showcases the opportunities available in the market which may act as future drivers for the market.
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