DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/pwhch3/global) has announced the addition of the "Global Distribution Management Systems Market 2014-2018" report to their offering.
The analysts forecast the Global Distribution Management Systems market to grow at a CAGR of 4.28 percent over the period 2013-2018.
One of the major drivers in this market is the increase in the occurrence of power blackouts. With the increasing demand for energy, the frequency of power disturbances and major power blackouts occurring across the globe is a challenge faced by the Power industry, which can be addressed by the usage of distribution management systems in the power grid. With the use of distribution management technologies such as circuit breakers, ring main units, isolators, safety management systems, load management applications, volt-VAR controls, fault management systems, and system restoration technologies, power fluctuations and blackouts can be reduced. This in turn will drive the growth of the Global Distribution Management Systems market.
Distribution automation systems permit power utilities to remotely monitor and manage the distribution of power and can lead to increased reliability and better management of the power grid. They consist of monitoring and control systems, distribution automation field equipment, and data communication infrastructure. The adoption of distribution automation enables effective outage management, and also increases the efficiency of the power grid. For instance, when there is disruption in the power supply from a traditional power system, a consumer informs the utility provider about the power blackout or power disturbance. Then, a maintenance team is dispatched to identify and rectify the problem. In contrast, the technology, equipment, and applications of distribution automation help a power utility to anticipate system turbulence and respond to it automatically. Automated distribution systems require the installation of intelligent electronic devices and feeder-switching equipment such as circuit breakers, reclosers, fault detection, and isolation and recovery technology, which have the capability to monitor, measure, control, and communicate automatically. This helps reduce the time taken to restore power, and also reduces the number of outages. Thus, the surge in the adoption of distribution automation, which forms an integral part of power distribution systems, is one of the major trends responsible for enhancing the growth of the Global Distribution Management Systems market.
Further, the report states that one of the major challenges in this market is the lack of familiarity with advanced technologies. Many of the distribution management projects are in the demonstration stage, wherein the feasibility of the technologies is assessed by the implementation of distribution management systems in the power grid. This shows that the market is in its nascent stage, which makes users less familiar with the technologies.
The key vendors dominating this market space are:
- ABB Group
- Alstom SA
- GE Energy LLC
- Siemens AG
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Geographical Segmentation
08. Buying Criteria
09. Market Growth Drivers
10. Drivers and their Impact
11. Market Challenges
12. Impact of Drivers and Challenges
13. Market Trends
14. Trends and their Impact
15. Vendor Landscape
16. Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/pwhch3/global.