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 analysts forecast the global generation management systems market to grow at a CAGR of 3.52% during the period 2016-2020.
Covered in this report
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:
The 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.
- GE-Alstom Grid
- Open Systems International (OSI)
Other prominent vendors
- Schneider Electric
- Customized Energy Solutions
- Need for improved reliability
- Reluctance of grid operators
- Increased integration of power resources
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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- Market overview
- Top-vendor offerings
- Research methodology
- Economic indicators
- Key market highlights
- Market overview
- Market size and forecast
- Five forces analysis
- Global generation management system market by application 2015
- Global generation management system market by application 2020
- Global generation management system market by application 2015-2020
- Global generation management system market by software application 2015-2020
- Global generation management system market by services application 2015-2020
- Global generation management system market by geographical segmentation 2015
- Global generation management system market by geographical segmentation 2020
- Global generation management system market by geographical segmentation 2015-2020
- Generation management systems market in EMEA 2015-2020
- Generation management systems market in the Americas 2015-2020
- Generation management systems market in APAC 2015-2020
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
- Other prominent vendors
- GE-Alstom Grid
- List of abbreviations
List of Exhibits
Exhibit 01: Key countries in each region
Exhibit 02: Product offerings
Exhibit 03: Benefits of GMS
Exhibit 04: Market landscape
Exhibit 05: Global generation management systems market 2015-2020 ($ millions)
Exhibit 06: Global renewable electric power capacity 2000-2015 (GW)
Exhibit 07: Five forces analysis
Exhibit 08: Global generation management system market by application 2015
Exhibit 09: Global generation management system market by application 2020
Exhibit 10: Global generation management system market by application 2015-2020
Exhibit 11: Global generation management system market by software application 2015-2020 ($ millions)
Exhibit 12: Functions of generation management
Exhibit 13: Global generation management system market by services application 2015-2020 ($ millions)
Exhibit 14: Global generation management system market by geographical segmentation 2015
Exhibit 15: Global generation management system market by geographical segmentation 2020
Exhibit 16: Global generation management system market by geographical segmentation 2015-2020
Exhibit 17: Generation management systems market in EMEA 2015-2020 ($ millions)
Exhibit 18: Functions of electricity interconnections in EMEA
Exhibit 19: Electricity interconnection levels for electricity in 2014
Exhibit 20: GMS functions in energy trading
Exhibit 21: Generation management systems market in the Americas 2015-2020 ($ millions)
Exhibit 22: Generation management systems market in APAC 2015-2020 ($ millions)
Exhibit 23: Functioning of vertically integrated electric utility and a deregulated electricity market
Exhibit 24: Major driver, challenge, and trend
Exhibit 25: Major driver, challenge, and trend
Exhibit 26: Traditional power grid
Exhibit 27: Transformed grid
Exhibit 28: Smart grid technologies applicability across various parts of the grid
Exhibit 29: Impact of drivers
Exhibit 30: Impact of drivers and challenges
Exhibit 31: Share of fossil fuels in the global energy mix 2014 and 2035
Exhibit 32: Benefits of distribution generation
Exhibit 33: Net summer capacity for estimated distributed solar PV capacity 2014-2015
Exhibit 34: Most commonly used distribution energy resources
Exhibit 35: Power flow during normal grid conditions vs. power flow in distribution generation
Exhibit 36: Other prominent vendors of generation management systems and services
Exhibit 37: Product portfolio
Exhibit 38: Product portfolio
Exhibit 39: Key generation management system solutions
Exhibit 40: Generation management system solutions product portfolio
Exhibit 41: Siemens: Business segmentation by revenue 2015
Exhibit 42: Generation management systems product portfolio
The author of the report recognizes the following companies as the key players in the global generation management systems market: ABB, GE-Alstom Grid, Open Systems International (OSI), and Siemens
Other Prominent Vendors in the market are: Atos, Schneider Electric, Emerson, IBM, Honeywell, and Customized Energy Solutions
Commenting on the report, an analyst from the research team said that increased integration of power resources is one of the trends spurring growth for the market. Globally, efforts are being made to reduce the dependency on fossil fuel as it is one of the major contributors to emissions. This has compelled governments to focus on cleaner fuel sources such as nuclear and renewables that have the potential to substitute fossil fuels without increasing the emission levels significantly. The governments, globally, have been supporting such technologies with the aid of lucrative policies, incentives, and rebates. Over the past two decades, the share of renewable and alternate sources of energy in the global energy mix has risen due to the major investments flowing from the US, China, and the EU.
According to the report, need for improved reliability is a key driver aiding to the growth of this market. Financial services are one of the most data-intensive industries. The deregulation of the power market has structurally changed the power sector. This has led to intense competition requiring the plant operators to improve the efficiency of the plants and provide reliable service to their customers. Therefore, to maximize their profits and stay ahead in the competition, utilities are adopting generation management systems that provide solutions for day to day operations for quick response times. These systems are also designed to gather data from other departments for load forecasting and optimizing the power generation resources to provide continuous power to their consumers, while keeping the prices of electricity low. Profitable operation requires the power plants to run efficiently, have reduced maintenance costs and be failure proof.
Further, the report states that reluctance of grid operators is challenge the market is facing. Semiconductor manufacturing equipment is expensive. GMS is a vital role in the management of the generation assets. It is a control system that enables the utilities to plan their day to day functions and meet the demand by optimizing the power generation fleet. It is typically integrated with EMS. The increasing complexities of power generation due to a rise in the number of power sources and deregulation have led to the adoption of GMS as a stand-alone system by grid operators. However, the scenario is not same. Not every utility has adopted a stand-alone GMS system. Utilities or grid operators find that the automatic generation control system available on SCADA, which performs part of the functions of a GMS, is considered sufficient and are not willing to switch to a separate GMS system. Therefore, the reluctance of the grid operator to use a standalone GMS acts as a major hindrance to a growth of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.