An essential component of an advanced smart grid, distribution management systems (DMS) will reach $5.6 billion by 2020, according to recent research from consulting firm Zpryme. Progressive utilities in the U.S. such as Duke Energy, SCE, and PG&E, global Smart Grid stimulus packages, and federal mandates to improve electrical systems around the globe have given many the opportunity to optimize the hardware and software deployed from these programs. Driven by companies such as GE, Alstom Grid, Siemens, and Telvent, DMS allow utilities to achieve such optimization.
Today, North America accounts for 40% of the global DMS market, while Europe and Asia account for 25% and 23%, respectively, according to the research. By 2020, Asia will hold 32% of the global DMS market, while North America and Europe will account for 31% and 21% of the market, respectively. Developed nations such as the U.S. and Canada, and BRICs nations will account for over 80% of the global market by 2020.
For details, visit http://smartgridresearch.org/premium/global-distribution-management-systems-market-value-forecast-2012-2020/