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Market Research Report

Market Data - Utility Asset Management Systems and Analytics - AMS, APM, and Advanced Analytics for T&D Networks: Global Market Analysis and Forecasts

Published by Navigant Research Product code 910750
Published Content info 32 Pages; 32 Tables, Charts & Figures
Delivery time: 1-2 business days
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Market Data - Utility Asset Management Systems and Analytics - AMS, APM, and Advanced Analytics for T&D Networks: Global Market Analysis and Forecasts
Published: September 10, 2019 Content info: 32 Pages; 32 Tables, Charts & Figures
Description

Asset management is one of the most complex elements of the utility business. Many utilities' current practices are plagued by rudimentary technologies and outdated strategies. In the past, asset management within a utility may have meant something as simple as multiple spreadsheets populated with asset counts, purchase dates, expected life, and suggested maintenance schedules-each maintained by various utility silos. The first step forward was the adoption of dedicated asset management systems (AMSs) and enterprise resource planning (ERP) systems, which act as the system of record. Although these software platforms offer an upgrade over archaic spreadsheet practices, they still rely on largely static data and outdated time-based maintenance programs.

With the emergence of asset performance management (APM) technologies, utilities are using static AMS data in new ways (such as systems integration and data analytics) to create actionable intelligence around asset life cycle management. Utilities are becoming interested in applying cross-departmental approaches to gathering information that can help to develop a more holistic and data-driven asset management strategy. This undertaking entails a better understanding of asset states based on how they are being operated and under what conditions. It also involves using this knowledge to develop a predictive-as opposed to responsive-risk-based management strategy.

This Navigant Research report focuses on the drivers, barriers, and regional global trends influencing the deployment of utility asset management and performance management systems. The global market for these solutions is expected to grow across all markets as utilities look to improve operational efficiencies and reduce costs. Forecasts, segmented by region, extend through 2028.

Key Questions Addressed

  • Which asset management technologies present the largest market potential for vendors?
  • What factors are helping to drive the market for asset management technologies?
  • What factors are inhibiting the market for asset management technologies?
  • What are the most important trends in the asset management space?
  • How large will the market for asset management technologies grow?
  • Which global regions are growing the fastest?

Who Needs This Report

  • Utilities and grid operators
  • Communications vendors and service providers
  • Smart grid vendors and service providers
  • Non-utility providers
  • Systems integrators
  • Government agencies
  • Research community
  • Investor community
Table of Contents
Product Code: MD-ESPT-19

Table of Contents

1. Executive Summary

  • 1.1 Executive Summary
  • 1.2 Market Forecast

2. Market Issues

  • 2.1 Defining Asset Management
    • 2.1.1 AMS
    • 2.1.2 Asset Performance Management
  • 2.2 Applications
  • 2.3 Vendors
  • 2.4 Market Drivers
    • 2.4.1 Growing Number of End of Life Cycle Assets
    • 2.4.2 Growing Penetration of Networked Devices
      • 2.4.2.1 Utilities Are Moving Downstream
    • 2.4.3 Capital Investment Strategy
    • 2.4.4 DER Will Require Higher Network Visibility
    • 2.4.5 Proliferation of Advanced Technologies
    • 2.4.6 Increased Adoption and Changing Perspectives Around Software as a Service
    • 2.4.7 Climate Change and Inclement Weather
  • 2.5 Market Barriers
    • 2.5.1 Cost Is Still the Primary Concern
    • 2.5.2 Systems Integration Is Complex Yet Required
    • 2.5.3 Data Quality Remains a Perceived Barrier
    • 2.5.4 Operational Silos Persist
    • 2.5.5 Aging Workforce and Skills Shortage
    • 2.5.6 Change Management
  • 2.6 Case Studies
    • 2.6.1 Westar Energy
    • 2.6.2 National Grid

3. Market Forecasts

  • 3.1 Introduction
  • 3.2 Forecast Methodology
  • 3.3 North America
  • 3.4 Europe
  • 3.5 Asia Pacific
  • 3.6 Latin America
  • 3.7 Middle East & Africa
  • 3.8 Conclusions and Recommendations
    • 3.8.1 Utilities
    • 3.8.2 Vendors

4. Acronym and Abbreviation List

5. Table of Contents

6. Table of Charts and Figures

7. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Annual Revenue for Asset Management Software by Region, World Markets: 2019-2028
  • Annual Revenue for Asset Management Software by Technology, North America: 2019-2028
  • Annual Revenue for Asset Management Software by Technology, Europe: 2019-2028
  • Annual Revenue for Asset Management Software by Technology, Asia Pacific: 2019-2028
  • Annual Revenue for Asset Management Software by Technology, Latin America: 2019-2028
  • Annual Revenue for Asset Management Software by Technology, Middle East & Africa: 2019-2028
  • Annual Revenue for AMS by Region, World Markets: 2019-2028
  • Annual Revenue for APM by Region, World Markets: 2019-2028
  • Annual Revenue for Asset Management Software by Technology, World Markets: 2019-2028
  • Annual Revenue for APM and Analytics Software by Network, World Markets: 2019-2028

List of Tables

  • Annual Revenue for Asset Management Software by Region, World Markets: 2019-2028
  • Annual Revenue for Asset Management Software by Technology, World Markets: 2019-2028
  • Annual Revenue for Asset Management Software by Technology, North America: 2019-2028
  • Annual Revenue for Asset Management Software by Technology, Europe: 2019-2028
  • Annual Revenue for Asset Management Software by Technology, Asia Pacific: 2019-2028
  • Annual Revenue for Asset Management Software by Technology, Latin America: 2019-2028
  • Annual Revenue for Asset Management Software by Technology, Middle East & Africa: 2019-2028
  • Annual Revenue for AMS by Region, World Markets: 2019-2028
  • Annual Revenue for AMS by Category, World Markets: 2019-2028
  • Annual Revenue for AMS by Category, North America: 2019-2028
  • Annual Revenue for AMS by Category, Europe: 2019-2028
  • Annual Revenue for AMS by Category, Asia Pacific: 2019-2028
  • Annual Revenue for AMS by Category, Latin America: 2019-2028
  • Annual Revenue for AMS by Category, Middle East & Africa: 2019-2028
  • Annual Revenue for APM by Region, World Markets: 2019-2028
  • Annual Revenue for APM by Category, World Markets: 2019-2028
  • Annual Revenue for APM by Category, North America: 2019-2028
  • Annual Revenue for APM by Category, Europe: 2019-2028
  • Annual Revenue for APM by Category, Asia Pacific: 2019-2028
  • Annual Revenue for APM by Category, Latin America: 2019-2028
  • Annual Revenue for APM by Category, Middle East & Africa: 2019-2028
  • Annual Revenue for APM and Analytics Software by Network, World Markets: 2019-2028
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