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Distribution Management Systems Market - Industry Analysis, Growth, Trends, Forecast Upto 2019
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The Distribution Management Systems Market can be segmented on the basis of product type and end-users. The product type segment includes monitoring and control devices, power, quality and efficiency devices and switching & power reliability devices, while end-user segment includes industrial, commercial and residential segments.
Some of the factors that are driving this market are increase in system efficiency & reliability, smart grid rollout and reduced long term operation and maintenance cost. Some of the key restraints to this market are high initial investment, implementation timeframe and lack of standardization, which are inhibiting the growth of distribution management system.
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Some of the key players in the Distribution Management Systems Market are ABB Ltd, Siemens AG, General Electric Corporation, Schneider Electric SA, Alstom Group, Duke Energy Corporation, Edison Electric Institute, Cooper Power Systems, Dominion Virginia Power and American Electric Power among others.
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