Distribution Management Systems Market Is Witnessing Productive Growth Forecast 2020

The main drivers in this market are the augmentation in the amount of power shutdown. With the escalating
requirement for energy, the occurrence of power turbulence and major power shutdowns happening around
the globe is expected to pose main challenge over the forecast period for the Power industry, which can only
be dealt with by implementing distribution management systems in the power station. By utilization of
distribution management equipment’s such as ring main units, volt-VAR controls, circuit breakers, fault
management systems, safety management systems, isolators, load management applications, and station
restoration technologies; power shutdowns and fluctuations can be abridged.
This demand for proper functioning of power stations, substations and grid is expected to fuel the growth of
global distribution system over the forecast period. Utilities are getting older and their capacities are decreasing.
As companies are under pressure to make utilities work efficiently to congregate the rising power demand. This
is also expected to boost the demand for distribution management solutions over the forecast period. The
automation and intelligence programs in distribution management system assist to obtain significant insights,
which support operators in making quick decisions. On the basis of the functionality of grid, distribution
management system can routinely correspond to the ground staff and tell them about the location facing issues.
They help in making the grid more consistent by plummeting power shutdowns and outages.
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Some of the other factors that are expected to drive the market over the forecast period are demand for
reduced long term operations and low maintenance cost coupled with demand for increasing system efficiency
of power grids. The factors that are expected to pose challenge for the market over the forecast period are
implementation timeframe, lack of standardization, high initial investment. These factors are responsible for
holding back the expansion of distribution management system.
On the basis of product type Distribution Management Systems Market can be segregated into power, quality
and efficiency devices, monitoring and control devices, and switching & power consistency equipments. On the
basis of end-user distribution management system market can be segregated into commercial, industrial and
residential segments. Industrial segment is expected to generate maximum share over the forecast period owing
to increasing automation in energy allocation in the industries across the globe. Monitoring and control devices
are expected to generate higher revenue over the forecast period owing to increasing demand of energy
efficient power grids. On the basis of areas Global distribution market can be segregated into North America,
Europe, Asia-Pacific and others. Asia-Pacific is expected to show rapid growth over the forecast period owing to
increased urbanization in the countries like India and China.