The report discusses the region’s current DMS landscape and factors impacting on the market between 2015 and 2019.
According to the study, North America will experience growth in the adoption of energy management technologies due to three factors – an increase in the implementation of DMS, utilities’ activities in upgrading DMS to advanced DMS and the growing need for energy management solutions.
Regulatory impact on DMS market
The increase in the adoption of DMS technologies will be a result of increased support from regulatory platforms, states Technavio.
For instance, Canada and the US are continuously implementing policies to allow a swift transition to automated grid systems.
Sayani Roy, energy trends analysts at Technavio said: “With depleting energy resources, there is a shift from using conventional power sources to concentrating on renewable sources for power generation.
[quote] “Guideline targets set by governments for implementing smart meters and smart grids will therefore drive the growth of DMS, as it is an integral part of a smart grid and other smart grid related devices,” added Sayani.
According to the study, utilities will also shift from DMS to ADMS in a bid to further modernise their grid operations.
The report findings indicate that to date, utilities have managed to simplify their grid management through grid automation and data acquisition functionalities, allowed by DMS systems including SCADA and OMS.
The growth in Plug-in Hybrid Electric Vehicle Charging Infrastructure (PHEV) is also predicted will put pressure on utilities to seek enhanced energy management solutions which can be found in DMS.
To date, Canada has 1,850 charging stations whilst the US has 10,602 charging stations and more are expected to be developed with the increase in adoption of EVs.
The development will increase the demand for electricity, increased integration of distributed energy resources – a scenario which will push utilities to employ DMS for improved management of load fluctuations and distributed resources for generation.