Grid Asset Management Systems

The Grid Asset Management Systems Emerging Market Analysis research delivers current market analysis plus a five year market and technology forecast.

Grid Asset Management Is Vital for the Transmission and Distribution Sectors

ARC Advisory Group’s research of the grid asset management software market provides strategic insight into the complex world of utility expenditures for asset management solutions in the transmission and distribution sectors. To maintain reliable power and minimize outages, grid asset management software is becoming increasingly critical to understand the state of the transmission and distribution system and guide actions related to efficient operation, maintenance, and restoration of power during outages. This research includes qualitative assessments and forecasts of various transmission and distribution asset management solutions, as well as discussions of world regions.

Grid Asset Management Strategic Issues

In addition to providing a five-year market forecast, the Grid Asset Management market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Solutions Should Improve Performance Benchmarks

Grid Asset Management market trendsGrid asset management software should be evaluated based on how it will impact key performance indicators and metrics. The System Average Interruption Frequency Index (SAIFI), and System Average Interruption Duration Index (SAIDI) are key statistics the utilities use to benchmark their performance. Specific benefits in these statistics can guide the selection of grid asset management software.

Collect Accurate, Timely, and Relevant Data

An essential characteristic of grid asset management is to collect accurate, timely, and relevant data and to consistently assemble this data into actionable recommendations. The grid asset management software must provide continuing benefits and not merely a one-time benefit.

Solutions Should Comply to Communications Standards

Automation products are being updated with new features to support smart connected products based on Industrial IoT or Industry 4.0. Smart connected products provide opportunities to increase operational efficiency from the grid edge to the supply chain by optimizing data and information. Continuing innovations in sensor instrumentation, embedded advanced control algorithms, and predictive condition monitoring are all critical to the future of connected machinery that will become integrated within the emerging Industrial IoT or Industry 4.0 infrastructure, which includes data capturing in the cloud and cloud computing. Industrial IoT enhances maintenance approaches by enabling condition-based, predictive, and prescriptive maintenance. All of these applications need to collect data from various parts of the grid. Increasingly, this means collecting data from the grid edge, from microgrids, from individual customers with smart meters, from industry with sub metering, from smart portable devices, and from substations and distributed T&D devices like synchrophasors or protection devices. This data needs to be collected and organized in a timely manner and to ensure data security, validity, and timestamping. 

Market Data Research Available Datasets

This in-depth market data research is available as a Market Growth Outlook Service.  This service is configured into several sub-modules to meet the needs of executives as well as marketing, sales, and product development managers.  A brief description of the sub-modules and their use cases is included below.

Market Growth Outlook

ARC’s market growth outlook service delivers an in-depth market opportunity analysis including five-year market and technology forecasts and 3-year history trend lines where available. Besides providing an in-depth analysis of the market opportunity provided by each technology, this service allows technology suppliers to analyze their own customized markets consisting of multiple technologies. For example, customers can view different market scenarios by adding or removing technology markets from the analysis, providing them a Total Available Market (TAM) view of their own served market. A list of the available market growth outlook services can be seen in the list below.  

This service is designed to help accelerate your organization's ability to understand an up-to-date view of the market opportunity provided by your current product portfolio and analyze how your company’s market opportunity would change if you were to acquire or divest a particular product line. The service will also help you identify and capitalize on emerging markets, whether these markets are based on an emerging technology, region, vertical industry, or application. Built upon a proprietary market model and ARC’s field proven primary research, this service helps product and marketing managers optimize their business plans by identifying the opportunities provided by emerging trends. ARC’s reputation as the preeminent independent provider of market growth opportunity analyses for nearly four decades also provides greater weight to your business plans. ARC’s market growth outlook services are available in a variety of formats depending on whether you view your market opportunities via different technologies, industries, or world regions.  

In addition, ARC has a strong history of providing customized market opportunity reports and services to meet your specific needs.  For example, you may sell your products only to specific industries and/or in only one or two regions. You tell us your served markets and ARC can quickly configure a report or service designed to best serve your served market.

ARC provides several versions of these reports and services depending on your role in the organization. Executive Views are high level market opportunities designed to help executives quickly identify key trends and market opportunities around the world.  In-depth market opportunity analyses provide marketing and product managers more detailed technology specific market information to plan marketing and product development strategies.  The following table shows more specific information included in each version.

Market Growth Outlook AnalysisUse CasesTarget Role
Worldwide Market Growth Outlook by Industry & Region with 3-year history where availableIn-depth technology-specific strategic growth planning across multiple technologies, applications, regions, and industriesProduct & Marketing Managers
Worldwide Industry Growth Outlook by Region with 3-year history where availableStrategic technology growth planning for markets defined by a single or multiple vertical industriesIndustry Managers
Regional/Country Market Growth Outlook by Technology & Industry with 3-year history where available (includes country data)Strategic technology growth planning for markets defined by a single or multiple world regionsRegional & Country Sales Managers
Market Growth Outlook Executive ViewStrategic Total Available Market (TAM) growth planning dashboard covering multiple vertical industries, technologies, and world regionsExecutives

Worldwide Market Research Areas

Strategic Analysis

  • Market Trends
  • Strategies for Buyers
  • Strategies for Product Suppliers
  • Growth Contributors
  • Growth Inhibitors

Emerging Market Size and Forecast

  • Total Grid Asset Management Systems Business
  • Shipments by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Shipments by Application
    • Condition Monitoring
    • Data Analytics and Failure Prediction
    • Digital Twin
    • Field Inspection
    • Geographical Location Referencing
    • Integration of SOP and Safety
    • Performance Benchmarking
    • Performance Models
    • Photometric and Video Data Collection
    • Scheduling
    • Work Order Management
  • Shipments by Asset Management Technology
    • Asset Integrity Management
    • Asset Reliability Software & Services
    • Enterprise Asset Management
    • Field Service Management
    • Plant Asset Management

Industry Participants

The research identifies all relevant suppliers serving this market. 

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