C&M: Global market for distribution management systems driven by increase in occurrence of power blackouts
Global Distribution Management Systems Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-20 15:14:04
The Global Distribution Management Systems market is to grow at a CAGR of 4.28 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increase in occurrence of power blackouts. The Global Distribution Management Systems market has also been witnessing the increase in the adoption of various distribution automation technologies. However, the lack of familiarity with advanced technologies could pose a challenge to the growth of this market.
Distribution automation systems permit power utilities to remotely monitor and manage the distribution of power and can lead to increased reliability and better management of the power grid. They consist of monitoring and control systems, distribution automation field equipment, and data communication infrastructure. The adoption of distribution automation enables effective outage management, and also increases the efficiency of the power grid. For instance, when there is disruption in the power supply from a traditional power system, a consumer informs the utility provider about the power blackout or power disturbance.
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