LONDON--(BUSINESS WIRE)--Technavio has published a new report on the global distribution management system (DMS) market, which is expected to grow at a CAGR of nearly 15% from 2015-2019.
About the Report
According to the new report by Technavio, the continuous reduction of energy resources is driving power utilities to shift from convention sources of energy to renewable sources of power generation. Governments worldwide are implementing policies to promote power generation from renewable energies and also on energy efficiency of the grid.
“The European union government has set guidelines and aims to replace 80% of the old electric meters with smart meters by 2020. Such developments and initiatives will drive market growth,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes the growing need for efficient energy management, which is pressurizing utilities to provide uninterrupted electricity to the masses.
“Governments worldwide are giving utilities the regulatory push such as providing grants and loans with flexible terms to adopt energy-efficient designs and devices needed to make grids more efficient,” elaborates Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global distribution management system market from 2015-2019. A detailed study of the geographical segmentation (the Americas, EMEA, and the APAC) and the revenue and growth patterns of DMS is provided in this report.
Key Information Covered in the Report:
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Key Vendors:
- Alstom
- GE Digital Energy
- Schneider Electric
- Siemens
- ABB
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Market Growth Drivers:
- Advances in technology
- For a full detailed list, view our report.
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Market Challenges:
- Lack of standardization and interoperability issues
- For a full detailed list, view our report.
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Market Trends:
- Increased adoption of DMS
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the distribution management market:
- Global Advanced Distribution Management System Market 2015-2019
- Global Distributed System Management Software Market 2014-2018
If you are interested in more information, please contact our media team at media@technavio.com.
