Distribution Management Systems Will Reach Nearly $1 Billion in Annual Revenue by 2020, Forecasts Na
Distribution Management Systems Will Reach Nearly $1 Billion in Annual Revenue by 2020, Forecasts Navigant Research
BOULDER, Colo.--(BUSINESS WIRE)-- A distribution management system (DMS) is a large-scale control system that serves as the brain of the power distribution network and supports all aspects of utility grid operations. Third-generation advanced DMSs offer a common user experience across many integrated distribution applications that share one common network model. Simply put, the DMS is the user interface to critical distribution infrastructure. Despite significant barriers to faster DMS uptake, this market will likely see steady growth over the next several years. According to a new report from Navigant Research, the worldwide DMS market will grow from $507 million in 2013 to $935 million in 2020.
"Following in the wake of large smart grid deployments, information technology upgrades are driving the rollout of advanced distribution management systems in the near term," says Kristoffer Torvik, senior research analyst with Navigant Research. "Also contributing to advances in this space is a range of benefits including increased reliability and cost-effective optimization. Moreover, rapidly growing interest in integrating distributed energy resources, motivated by renewables integration and demand response programs, is spurring innovation."
Utilities of all sizes have installed management systems such as supervisory control and data acquisition, outage management systems, DMS, or a combination of the three. Smaller utilities must often fit their modernization efforts into tight operational expenditure budgets, while the bigger utilities typically have larger capital expenditure budgets. In either case, according to the report, utility managers must strike a balance between the benefits provided by a DMS and the cost of procuring, installing, operating, and maintaining the system.
The report, "Distribution Management Systems", analyzes the global market trends for full advanced DMS, intermediate DMS, and light DMS solutions. The report provides a roadmap for DMS technology, along with a comprehensive assessment of the demand drivers, business models, policy factors, and technology issues associated with this diverse and dynamic market. Key industry players are profiled in depth, and worldwide revenue forecasts, segmented by deployment type and region, extend through 2020. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant (NYS: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, "Distribution Management Systems," is a summary and reflects Navigant Research's current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
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