DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/m2kvtr/distribution) has announced the addition of the "Distribution Management System in North America 2015-2019" report to their offering.
The distribution management system market in North America to grow at a CAGR of 11.7% over the period 2014-2019
Distribution Management System Market in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a discussion of the key vendors operating in this market.
DMS has become essential for utilities as it reduces the complexities of having many systems, automating processes and providing meaningful information to the operators and increasing the grid's efficiency and reliability. Since utilities have become more efficient using DMS they are upgrading to ADMS. ADMS has the added capability of an OMS and SCADA.
According to the report, as economies are growing so is the need for power; for this reason utilities are using power plants to the maximum and there is increased push from governments to generate more efficient power. As a result of advances in IT, utilities are adopting DMS into grid to make them more efficient. Heavy automation of grids through technology is enabling operators to find, analyze, and predict faults to reduce power outages, thus improving grid efficiency.
Further, the report states that interoperability is a major challenge for utilities in adopting DMS.
To calculate the market size, the report considers the sales revenue from its applications, which include:
- GE Energy Management
- Schneider Electric
- Siemens Energy
Other prominent vendors
- Schweitzer Engineering Laboratories
Silver Spring Networks
For more information visit http://www.researchandmarkets.com/research/m2kvtr/distribution