By Nicholas Nhede
European Union government policies to replace 80% of electricity meters with smart meters by 2020 will drive the growth of the distribution management system (DMS) market, says a new report by UK-based research company Technavio.
The report released last week finds that governments worldwide are giving utilities a regulatory push such as providing grants and loans with flexible terms to adopt energy-efficient devices, such as smart meters, to make grids more efficient.
Another factor driving a 15% growth in the DMS global market between 2015 and 2019 is a need for efficient energy management, which is pressurising utilities to provide an uninterrupted electricity supply.
Technavio's report also highlights that the continuous reduction of energy sources is pushing utilities to shift from conventional to smart energy sources.
The report studies the growth of key smart meter vendors in the Americas, EMEA and APAC regions for current market insight and forecasts.
Manufacturers featured are Alstom, GE Digital Energy, Schneider Eletric, Siemens and ABB revenues.
Outage management system
Meanwhile, Navigant Research has forecast that the advanced distribution management system market will grow by 17% globally over the 2014-2019 period.
In a report released in early September, Navigant said that the complexity of outage management systems will increase substantially due to the integration of smart meter data becoming an essential part of upcoming project plans.
Analysts found that utilities are now focusing on multiple systems and are looking at ways to maximize their internal resources and technical experience to efficiently and cost-effectively upgrade the OMS structure in the system.
This task requires processing data and information from various sources, taking correct decisions in real time, and interconnecting continuously both externally and internally.
Therefore, power utilities, especially in the Americas, are trying to replace the stand-alone OMSs with an integrated advanced distribution management systems, a development that will ultimately boost the growth of the market during the forecast period.
In an example of managing distribution network outages, global energy management company Schneider Electric has incorporated weather intelligence into its ArcFm Responder outage management system.
Utilities in North America can now visualise near real time weather events overlain on network asset data through the weather data incorporated in July this year.