DUBLIN, Sep. 02, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/5g3rfv/global_advanced) has announced the addition of the "Global Advanced Distribution Management System Market 2015-2019" report to their offering.
The global advanced distribution management system market to grow at a CAGR of 17.1% over the period 2014-2019.
The report, Global Advanced 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 includes a discussion of the key vendors operating in this market.
Advances in technology in most power infrastructure components such as energy generation, energy storage, distribution management, and power consumption are expected to be of benefit to global advanced distribution management system market. Smart grid technology and networks integrate various advanced technologies, such as the Internet, computers, and wireless networking including WAN and LAN, with power grids. In addition, the HAN system and in-home displays are also being implemented as a part of enhancing the OMS. Therefore, an increase in the integration of smart grid technologies is expected to exert a positive effect on the market during the forecast period.
According to the report, with the integration of smart meter data and analytics becoming an essential part of upcoming project plans, the complexity of the OMS has increased substantially. While setting up the OMS, the utilities have to consider all the parameters and upgrade the whole system rather than a single part of the system. Utilities are focusing on multiple systems and are looking at ways to maximize their internal resources and technical experience to efficiently and cost-effectively upgrade the OMS structure in the system. This task requires processing data and information from various sources, taking correct decisions in real time, and interconnecting continuously both externally and internally. Therefore, the power utilities, especially in the Americas, are trying to replace the stand-alone OMSs with an integrated ADMS, a development which will ultimately boost the growth of the market during the forecast period.
Further, the report states that many utilities across the globe upgrade their power systems only when they are damaged or when several power outages have taken place. This is an outcome of the near-term cost evasion strategy adopted by utilities, which acts as a barrier to the adoption of smart grids and related applications. This approach will hinder the growth of the global advanced distribution management system market as grid enhancement is an integral part of smart grid solutions.
Key Vendors
- ABB
- Alstom
- GE Digital Energy
- Schneider
- Siemens
Other Prominent Vendors
- Advanced Control Systems
- Capgemini
- S&C Electric
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Component
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/5g3rfv/global_advanced
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
