Navigant Research forecasts the global market for geographic information systems (GIS) and related asset/outage analytics to reach $3.2 billion by 2025.According to a new report issued by the global energy market research firm, the core geographic information systems (GISs) and related asset/outage analytics market is growing due to increased utility investments in the sector.
In 2016, revenue generation within the market reached $1.6 billion.[US utilities rely on customers not smart meters for outage alerts, says survey]
According to a release, GISs have become fundamental to today’s power utility as a foundational, system of record-based model for an array of IT systems. A GIS can enhance the value and output from customer information, meter data management, mobile workforce management, outage management, distribution management, and asset management systems, as well as analytics applications.
Michael Kelly, research associate with Navigant Research, commented: “The current market for core GIS upgrades, along with integrated and overlaid applications, is robust, and new GIS-based technologies are supporting real-time situational awareness of events that might disrupt the performance of the power grid.”
The cloud computing sector is projected to witness the highest growth rate as energy companies will invest more in managed service models.
Navigant also notes that strong market growth is also expected among spatial-based asset and outage analytics solutions.
“The use of spatial data has expanded to include advanced technologies such as application-based software, cloud computing, drones, mobile GISs, remote sensing, spatial analytics, and Web GIS,” added Kelly.
Arizona utility trials geospacial tech
In related news, the Arizona Public Service Company (APS) announced the completion of a smart grid project deployed in partnership with energy management firm Bridge Energy.
In a combined statement, the Arizona based power company said it has managed to enhance its grid management to near real time by installing Bridge Energy’s Geospatial Visualisation System at energy control centre.
The technology allowed the utility to translate grid data from the table format into a visual display. The solutions provider claims that the development has improved the utility's grid situational awareness and ability to respond to potential grid problems.
The project was deployed under the the utility’s efforts to enhance its management of grid network 35,646 square-miles (92 322,7 square km) in length comprising 1.2 million customers.
The new system allows APS to centrally view and process data from 900 substations, 1200 transmission lines and 75 generating units at its energy control center geospatially in map layers and graphically via dynamic dashboards.
Forrest Small, vice president of grid optimisation at Bridge Energy Group, said the technology “helps human operators ensure the safety, reliability and resilience of the modern grid.”
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