Global Generation Management Systems Market 2016-2020

Global outlook of the generation management systems market

The deregulation of the power market has structurally changed the power sector. Electric deregulation is the process of changing rules and regulations that control the electric industry so plant operators can improve the efficiency of the plants and provide reliable service to their customers. This process has led to intense competition and to stay ahead in the race, utilities are adopting generation management systems that provide solutions for day to day operations. In addition, these systems gather data from different departments in the electric industry to optimize the power generation resources and provide continuous power to their consumers, while keeping the prices of electricity low. Generation management system gathers critical data from all verticals to provide the operators with enough information, which results in the efficient running of the power plant and reduction of maintenance costs. Hence, the electric industries are adopting dedicated generation management systems to focus on plant and system reliability improvements. According to the market research analysts at Technavio, the global generation management systems market is anticipated to witness steady growth and will post a CAGR of more than 3% over the forecast period.

An important trend spurring the growth prospects for this market is the decreasing use of fossil fuel as it is one of the major contributors to emissions. Governments, globally, are compelled to focus on clean fuels like nuclear and renewables that reduce the toxic emissions, significantly. This approach is being supported by the governments with the aid of lucrative policies, incentives, and rebates. Over the years, the share of renewable and alternate sources of energy has risen to a great extent due to the investments flowing from the US, China, and the EU. However, the addition of clean power generation sources has made the grid more complex and multidimensional, which poses a threat to safety and stability of the grid. To manage these new resources, utilities are using generation management solutions that enable them to manage, monitor, and optimize the power generation of the renewables.

Segmentation by application and analysis of the generation management systems market

• Services
• Software

During 2015, the software segment dominated the market and accounted for nearly 60% of the total market share. The software segment is the main revenue contributor to this market. These software-based management systems are a vital part of the power system as they prevent faults and can be bought off the shelf from vendors, such as Atos, Siemens, GE, and ABB. These systems can also be designed to meet the individual requirement of the power utilities and companies that manage a fleet of power plants producing thousands of MW’s. The intense competition in the power sector has driven the adoption of energy management systems, which enables IPP’s to optimize their power generation resources and maximize their profit margins.

Geographical segmentation and analysis of the generation management systems market

• Americas
• APAC
• EMEA

During 2015, EMEA dominated the market and accounted for more than 40% of the total market share. Since the deregulation of the power market, Europe has been one of the largest markets for generation management systems. It compelled utilities in this region to adopt energy management systems that enabled them to have tighter control over the generation assets. The power infrastructure in Europe is highly developed, which allows interconnection of the power grid between countries, enabling energy trading and reduction of the operating cost during peak load.

Competitive landscape and key vendors

The global generation management systems market is characterized by the presence of established vendors like ABB, Siemens, GE, and OSI. These companies have a large portfolio of energy management solutions, which cover a wide range of industries and can be customized according to customer requirements. Furthermore, these vendors have high capital resources and dedicated R&D funds for developing new generation management systems. This poses a threat to medium and small vendors that have fewer resources as they find it difficult to compete with the existing vendors in terms of quality, functionalities, and services. The competitive environment in this market is likely to intensify further during the forecast period due to the technological innovations.

Key vendors in the market are -

• ABB
• GE
• OSI
• Siemens

Other prominent vendors in the market are Atos, Schneider Electric, Emerson, IBM, Honeywell, and Customized Energy Solutions.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global generation management systems market?
• What are the key market trends impacting the growth of the global generation management systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global generation management systems market?
• What are the market opportunities and threats faced by the vendors in the global generation management systems market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global generation management systems market?

Technavio also offers customization on reports based on specific client requirement.

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