Increased Smart Grid Implementation Will Significantly Drive the Distribution Management System Market in North America Until 2019, Says Technavio

LONDON--()--Technavio’s latest distribution management system in North America report highlights three key emerging trends predicted to impact market growth from 2015-2019. Technavio defines an emerging trend as something that has potential for significant impact on the market and contributes to its growth or decline.

“With depleting energy resources, there is a shift from using conventional power sources to concentrating on renewable sources for power generation. Governments in the North America region are implementing policies to increase renewable energy power generation and energy efficiency of the grid. Guideline targets set by governments for implementing smart meters and smart grids will therefore drive the growth of DMS, as it is an integral part of a smart grid and other smart grid related devices,” said Sayani Roy, one of Technavio’s lead industry analysts for smart grid research.

“DMS gets information from smart grids and utilizes it to take preventive actions that reduce power outages. DMS saves utilities millions of dollars every year, as it makes the grid more efficient and saves the time of ground crew who need only fix the areas where there are faults exist in the grid,” added Sayani.

Technavio’s market research study identifies the following three emerging trends expected to propel the growth of the global distribution management system in North America:

  • Increase in adoption of DMS
  • Upgrading from DMS to ADMS
  • Growing need for energy management

Increase in adoption of DMS

Governments in countries such as the US and Canada are playing an important role by removing barriers so that new technologies or services can be integrated into the grid for better efficiency and reliability. Functioning of power plant to its full capability is however a key concern in North America. To address these concerns, adoption of technologies like DMS is emerging as a preferred solution. Increased intelligence and automation programmes in DMS always show its users useful information, based on which the operator can take a quick decision. Based on the functionality of the grid, DMS is capable of automatically communicating with ground staff, sending them directly to the location where the problem has occurred or where there is a likelihood of occurrence.

Upgrading from DMS to ADMS

DMS has become essential for utilities as it reduces the complexities involved with multiple systems, automating processes, and the resultant need to provide meaningful information to operators. Since utilities have become more efficient using DMS, they are upgrading to ADMS to further streamline operations.

ADMS has the added capability of an OMS and SCADA. OMS can detect power outages, as the systems performs certain self-healing functions for the grid and restores unplanned power outages by sending ground personnel to specific affected areas. SCADA provides real time information from sensors placed in distribution networks, which allow operators to track anomalies in the distribution network to avert power outages.

Growing need for energy management

Growth in PHEV charging infrastructure (currently there are approximately 1,850 charging stations in Canada and 10,602 charging stations in the US), and energy storage, has increased the need for two-way communication in the distribution grid for careful energy management. As the demand for energy keeps increasing there is immense pressure on utilities to provide seamless electricity with least possible outages.

To overcome the increase in demand, utilities are upgrading their energy management systems by adding DMS. These systems are predicted to provide more control to utilities in managing load fluctuations, monitoring distributed generation, and detecting fault lines in the grid in advance. The need to increase grid efficiency will be a major trend during the forecast period as governments are also giving utilities the regulatory push needed to make power grids more efficient.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
http://www.technavio.com/
media@technavio.com

Release Summary

Technavio’s latest distribution management system in North America report highlights three key emerging trends predicted to impact market growth from 2015-2019.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
http://www.technavio.com/
media@technavio.com