Global Distribution Management Systems Market 2015-2019
A distribution management system (DMS) is an integrated system that combines various components of the grid, which provides the operator valued information in a single screen. This helps the operator take informed decision in managing and monitoring the grid from a centralized location. The main function of the DMS is to make the grid more efficient and reliable by reducing power outages. DMS also performs certain automated functions like balancing the power flow, finding fault lines, and communicating with the ground staff to fix any faults before it causes any power outage. It is widely used in industrial, commercial, and residential segments.
Technavio analysts forecast the global distribution management system market to grow at a CAGR of 14.9% during 2014-2019.
Covered in this report
The global distribution management system market can be segmented into three divisions based on end-users: industrial, commercial, and residential customers.
Technavio’s report, Global Distribution Management System Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Key regions
Technavio Announces the Publication of its Research Report – Global Distribution Management System (DMS) Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Distribution Management System (DMS) Market: ABB, Alstom, GE Digital Energy, Schneider Electric and Siemens Energy
The other prominent vendors are: American Electric Power, Cooper Power Systems, Duke Energy and Edison Electric Institute
Commenting on the report, an analyst from Technavio’s team said: “As utilities get older, their capacity decreases. Thus, utilities are under pressure to make the grid more efficient to meet the growing power demand. This will boost demand for DMS solutions. The intelligence and automation programs in DMS help derive meaningful insights, based on which operators can make quick decisions. Based on the functionality of the grid, DMS can automatically communicate with the ground staff and direct them to the location facing issues. They make the grid more reliable by reducing power outages.”
According to the report, the primary purpose of DMS is to reduce power outages and efficiently manage the grid. Advances in IT and the integration of the same with smart grids have enabled operators to access real-time information with predictive analysis. DMS provide valuable information as they are integrated with other systems, enabling grid operators to make quick decisions in critical situations. DMS can also perform certain automated functions for routine checking of fault and communicating the same to ground staffs for addressing weak links.
Further, the report states that utilities adopting DMS may face interoperability issues due to a lack of standardization, and different vendors supplying various types of components for grids.
ABB, Alstom, GE Digital Energy, Schneider Electric, Siemens Energy, American Electric Power, Cooper Power Systems, Duke Energy, Edison Electric Institute
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