Technavio’s new market research report offers DMS market segmentation by end users (industrial customers, residential customers and commercial customers), by geographies (Americas, EMEA and APAC) and by key nations (US, China and Canada). Top vendors dominating this market include ABB, Alstom, GE Digital Energy, Schneider Electric, and Siemens.
Technavio’s market research analysts provide a market analysis of the global distribution management system (DMS) market, which is expected to grow at a CAGR of around 15% between 2015 and 2019 mainly because of better energy management and increased adoption of advanced distribution management system (ADMS).
DMS is a cost-effective method for utilities as it increases grid efficiency and also saves time by identifying the faulty areas. Utilities rely on DMS as it manages even power distribution across industries by spotting early irregularities in power load and switch the power to different lines to balance power drift across all regions.
The Americas leads the distribution management system (DMS) market with 42% of the share in 2014. Various countries in this region are implementing smart grid systems which has enabled integration of advanced technologies like DMS, aiming to make their grid more efficient and minimise power outages. Key leading countries, in terms of revenue generation, in this market are US, China and Canada.
DMS market in Americas 2014-2019 ($ millions)
Source: Technavio Research
“Developed countries are upgrading their power distribution model from DMS to ADMS, which has increased functionalities like OMS and SCADA. ADMS supervise the data received from smart meters and sensors to boost grid efficiency. These systems reduce the outage time by quickly restoring the power-affected areas through real-time analytics. ADMS is preferred because of its better automation facilities, quicker prediction of outages and faulty lines and its increased SCADA association for real-time information,” says Navin Rajendra, Lead Analyst, Energy, Technavio Research.
Leading vendors in the DMS market include ABB, Alstom, GE Digital Energy, Schneider Electric and Siemens Energy, which have wide range of grid-related products that are accessible, as per customer’s requirements. The market is extremely competitive with the presence of several prominent vendors and new vendors offering efficient solutions and advanced technologies.
A more detailed analysis is available in the Technavio report, Global DMS Market.
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