All Reports
3Q 2022

Market Data: Holistic Asset Performance Management

AMS, Grid APM, Power Plant APM, Vegetation Management, Meter Health Analytics, Renewables M&C and Asset Management: Global Market Analysis and Forecasts: Global Market Analysis and Forecasts

The coalescence of grid, energy, and digital transformations is leading to a revaluation of traditional asset management strategies across the entire energy value chain. For both electric utilities and renewable energy asset owners, traditional emphases on procuring solutions at the lowest cost are giving way to more forward-thinking motivations about revenue potential and risk reduction. This report examines these evolving market dynamics and underlying product offerings for asset owners and operators throughout the energy sector.

For utilities, holistic asset management is one of the most complex elements of their business. Many utilities’ practices are plagued by rudimentary technologies and outdated strategies. In the past, and still today somewhat, 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.

Enterprise asset management systems (AMS) were initially created to help bridge this digitization gap by providing utilities with back-end data repositories for their static asset information. However, these solutions, which largely act as empty containers, lack the ability to support more advanced use cases around predictive analytics, asset health monitoring, and maintenance optimization. This led to the development of sophisticated asset performance management (APM) technologies that allow utilities to use AMS data in new, cross-cutting ways to deliver actionable insights around holistic asset lifecycle management.

The same evolutionary curve can be seen in the renewables sector, where interest in more advanced asset management solutions is rapidly coming into favor. Many first-generation renewable energy plants have left significant value on the table due to the use of simplistic solutions acquired at the lowest cost. These basic asset management strategies are now vulnerable as markets shift away from direct incentives (i.e., ROI tied to performance), more stringent grid codes are implemented, aging plants generate a growing base of retrofit opportunities, and demand for portfolio-level monitoring and control (M&C) increases.

Pages 31
Tables | Charts | Figures 78
  • 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?
  • Utilities and grid operators
  • Energy software vendors and service providers
  • Communications vendors and service providers
  • Non-utility providers
  • Systems integrators
  • Government agencies
  • Research community
  • Investor community

1. Executive Summary

1.1    Introduction

1.2    Report Scope

1.3    Global Forecast

2. Market Issues

2.1    Defining Holistic Asset Management

2.1.1   Asset Management

2.1.1.1    Asset Management Systems

2.1.1.2   Asset Performance Management

      2.1.1.2.1   Grid APM

      2.1.1.2.2   Power Plant APM

2.1.2   Renewables M&C

2.1.2.1    Solar PV

2.1.2.2    Energy Storage Systems

2.1.2.3   Wind

2.2    Market Drivers

2.3    Market Barriers

3. Market Forecasts

3.1    Introduction

3.2    Forecast Methodology

3.3    Market Forecast

3.3.1   North America

3.3.2   Europe

3.3.3   Asia Pacific

3.3.4   Latin America

3.3.5   Middle East & Africa

4. Conclusions

4.1    The Future of Asset Management

5. Acronym and Abbreviation List

6. Table of Contents

7. Table of Charts and Figures

8. Scope of Study

9. Sources, Methodology and Notes

  • Asset Management Spending by Technology, World Markets: 2021-2030
  • Asset Management Spending by Technology, North America: 2021-2030
  • Asset Management Spending by Technology, Europe: 2021-2030
  • Asset Management Spending by Technology, Asia Pacific: 2021-2030
  • Asset Management Spending by Technology, Latin America: 2021-2030
  • Asset Management Spending by Technology, Middle East & Africa: 2021-2030
  • Asset Management Spending by Region, World Markets: 2021-2030
  • Power Plant APM Roadmap
  • Asset Management Spending by Region, World Markets: 2021-2030
  • Asset Management Spending by Category, World Markets: 2021-2030
  • Asset Management Spending by Technology, World Markets: 2021-2030
  • Asset Management Spending by Category, North America: 2021-2030
  • Asset Management Spending by Technology, North America: 2021-2030
  • Asset Management Spending by Category, Europe: 2021-2030
  • Asset Management Spending by Technology, Europe: 2021-2030
  • Asset Management Spending by Category, Asia Pacific: 2021-2030
  • Asset Management Spending by Technology, Asia Pacific: 2021-2030
  • Asset Management Spending by Category, Latin America: 2021-2030
  • Asset Management Spending by Technology, Latin America: 2021-2030
  • Asset Management Spending by Category, Middle East & Africa: 2021-2030
  • Asset Management Spending by Technology, Middle East & Africa: 2021-2030
  • Asset Management System Spending by Region, World Markets: 2021-2030
  • Asset Management System Spending by Segment, World Markets: 2021-2030
  • Asset Management System Spending by Segment, North America: 2021-2030
  • Asset Management System Spending by Segment, Europe: 2021-2030
  • Asset Management System Spending by Segment, Asia Pacific: 2021-2030
  • Asset Management System Spending by Segment, Latin America: 2021-2030
  • Asset Management System Spending by Segment, Middle East & Africa: 2021-2030
  • Grid APM Spending by Region, World Markets: 2021-2030
  • Grid APM Spending by Segment, World Markets: 2021-2030
  • Grid APM Spending by Segment, North America: 2021-2030
  • Grid APM Spending by Segment, Europe: 2021-2030
  • Grid APM Spending by Segment, Asia Pacific: 2021-2030
  • Grid APM Spending by Segment, Latin America: 2021-2030
  • Grid APM Spending by Segment, Middle East & Africa: 2021-2030
  • Power Plant APM Spending by Region, World Markets: 2021-2030
  • Power Plant APM Spending by Category, World Markets: 2021-2030
  • Power Plant APM Spending by Category, North America: 2021-2030
  • Power Plant APM Spending by Category, Europe: 2021-2030
  • Power Plant APM Spending by Category, Asia Pacific: 2021-2030
  • Power Plant APM Spending by Category, Latin America: 2021-2030
  • Power Plant APM Spending by Category, Middle East & Africa: 2021-2030
  • Vegetation Management Analytics Spending by Region, World Markets: 2021-2030
  • Vegetation Management Analytics Spending by Segment, World Markets: 2021-2030
  • Vegetation Management Analytics Spending by Segment, North America: 2021-2030
  • Vegetation Management Analytics Spending by Segment, Europe: 2021-2030
  • Vegetation Management Analytics Spending by Segment, Asia Pacific: 2021-2030
  • Vegetation Management Analytics Spending by Segment, Latin America: 2021-2030
  • Vegetation Management Analytics Spending by Segment, Middle East & Africa: 2021-2030
  • Meter Health Analytics Spending by Region, World Markets: 2021-2030
  • Meter Health Analytics Spending by Segment, World Markets: 2021-2030
  • Meter Health Analytics Spending by Segment, North America: 2021-2030
  • Meter Health Analytics Spending by Segment, Europe: 2021-2030
  • Meter Health Analytics Spending by Segment, Asia Pacific: 2021-2030
  • Meter Health Analytics Spending by Segment, Latin America: 2021-2030
  • Meter Health Analytics Spending by Segment, Middle East & Africa: 2021-2030
  • Solar PV Monitoring & Control Spending by Region, World Markets: 2021-2030
  • Solar PV Monitoring & Control Spending by Category, World Markets: 2021-2030
  • Solar PV Monitoring & Control Spending by Category, North America: 2021-2030
  • Solar PV Monitoring & Control Spending by Category, Europe: 2021-2030
  • Solar PV Monitoring & Control Spending by Category, Asia Pacific: 2021-2030
  • Solar PV Monitoring & Control Spending by Category, Latin America: 2021-2030
  • Solar PV Monitoring & Control Spending by Category, Middle East & Africa: 2021-2030
  • Energy Storage Monitoring & Control Spending by Region, World Markets: 2021-2030
  • Energy Storage Monitoring & Control Spending by Segment, World Markets: 2021-2030
  • Energy Storage Monitoring & Control Spending by Segment, North America: 2021-2030
  • Energy Storage Monitoring & Control Spending by Segment, Europe: 2021-2030
  • Energy Storage Monitoring & Control Spending by Segment, Asia Pacific: 2021-2030
  • Energy Storage Monitoring & Control Spending by Segment, Latin America: 2021-2030
  • Energy Storage Monitoring & Control Spending by Segment, Middle East & Africa: 2021-2030
  • Wind Monitoring & Control Spending by Region, World Markets: 2021-2030
  • Wind Monitoring & Control Spending by Segment, World Markets: 2021-2030
  • Wind Monitoring & Control Spending by Segment, North America: 2021-2030
  • Wind Monitoring & Control Spending by Segment, Europe: 2021-2030
  • Wind Monitoring & Control Spending by Segment, Asia Pacific: 2021-2030
  • Wind Monitoring & Control Spending by Segment, Latin America: 2021-2030
  • Wind Monitoring & Control Spending by Segment, Middle East & Africa: 2021-2030
  • M&C Technology Definitions
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