Global Generation Management Systems Market to grow at a CAGR of 3.52% during Forecast 2016-2020

Albany, NY, Jan 03: GMS are traditionally a part of the energy management systems; it is a mission critical tool that enables power companies or asset managers to manage their fleet of generation assets. GMS is a vital part of the modern power grid. It enables asset managers to optimize their assets for efficient power production and balance the profitability with risk and cost. Generation companies operate in various geographical areas and in different energy markets. GMS monitors the demand trend on the power exchange and provides an interface, thereby allowing proper planning of the supply to meet the spot market demand.

The global generation management systems market to grow at a CAGR of 3.52% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global generation management systems market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors operating in the market.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Generation Management Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- ABB
- GE-Alstom Grid
- Open Systems International (OSI)
- Siemens

Other prominent vendors
- Atos
- Schneider Electric
- Emerson
- IBM
- Honeywell
- Customized Energy Solutions

Market driver
- Need for improved reliability
- For a full, detailed list, view our report

Market challenge
- Reluctance of grid operators
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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