ARC Advisory Group’s new research of the grid asset management software market provides strategic insight into the complex world of utility expenditures for asset management solutions in the transmission and distribution sectors. To maintain reliable power and minimize outages, grid asset management software is becoming increasingly critical to understand the state of the transmission and distribution system and guide actions related to efficient operation, maintenance, and restoration of power during outages. This research includes qualitative assessments and forecasts of various transmission and distribution asset management solutions, as well as discussions of world regions.
"Developing economies with expanding electric power generation are the primary market growth engine for the global grid automation marketplace. Newly developed electric generation transmission, and distribution infrastructure need corresponding software to improve the management of grid assets. New markets for wholesale energy, capacity, and ancillary services are having a significant impact on the operation of electric grids and the financial implications for both energy suppliers and energy consumers," according to Rick Rys, Director of Consulting and key author of ARC's Grid Asset Management Systems Market Research.
Grid Asset Management Market Trends
The research addresses key market trends as follows:
- New Grid Policy and Regulations
- Mobile Devices
- Renewables and Batteries
- Aging Power Infrastructure
Leading Suppliers to the Grid Asset Management Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: General Electric, Hitachi Energy, IBM, IPS Energy, Siemens.
About the Grid Asset Management Research
The Grid Asset Management Systems research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes five-year market forecasts and five years of historical analysis. The research segmentation includes Industry, World Region, Sales Channel, Application, Utility Type, Asset Management Technology.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. ARC's Market Data Service (MDS) is an annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MDS unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions. Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs. ARC continues to offer our traditional static Market Reports as a PDF.
ARC provides several types of market data services. The most common are Market Growth Outlook and Competitive Analysis Services. These services provide detailed market analysis of a single or multiple products or software applications. Please visit Market Data Services page for more details on these services.