Optimization of the power system is a fundamental part of utility operations. Utility business processes including planning, engineering, operations, maintenance, and customer service are the primary means for optimization.  The need for efficient power generation and management has given rise to the adoption of automated power generation dispatch software in the market. The automated power generation dispatch software are systems that manage the distribution of power generated from various resources. The automated power generation dispatch software optimizes the generation units by using real-time data. The automated power generation dispatch software is widely adopted because of the balance and optimization it brings to the power generation resources. The increasing load on utilities for management of diverse load, distributed energy resources, generation of power and management of supply and demand has driven the growth of automated power generation dispatch software.

Advancement in measurement science and standards for automated software is resulting in increasing expenditure on research and development. These new methods and standards are being developed to enhance the potential of automated power generation dispatch software. Demand for this automated power generation dispatch software is increasing, and thus, innovation in the technology for automated power generation dispatch software is necessary.

Automated Power Generation Dispatch Software Market: Drivers and Restraints

The automated power generation dispatch software is allowing utility companies to improve the scheduling and dispatch of supply resources. The automated power generation dispatch software is also enabling companies to maintain the balance between the demand for power and its supply through automating the process of distribution of power generated from diversified resources. These factors are driving the adoption of automated power generation dispatch software in the market. These increasing need for smart energy solutions and a decrease in operating expenses are factors further driving the market of automated power generation dispatch software market.

With the transition from traditional software to automated software, infrastructure comes to the challenge of communication security and data management. As digital networks are more prone to malicious attacks from software hackers, security becomes the key issue to be addressed in the automated power generation dispatch software market. Apart from this, the concerns regarding violation of privacy and security of personal consumption data arise in the adoption of the automated power generation dispatch software. Such factors are hampering the growth of automated power generation dispatch software in the market.

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 Automated Power Generation Dispatch Software Market: Segmentation

The automated power generation dispatch software market can be categorized on the basis of application, and on power generation resource. The section market analysis by application comprehensively analyzes the automated power generation dispatch software market on various applications for which the automated power generation dispatch software are used. The section market analysis by power generation resources comprehensively analyzes the automated power generation dispatch software market based on the various resources that generates power and energy and requires efficient allocation in the automated power generation dispatch software market.

Segmentation of the Automated Power Generation Dispatch Software Market Based on Application:

• Automatic generation control
• Economic Dispatching
• Load Shedding
• Load Forecasting
• Others

Segmentation of the Automated Power Generation Dispatch Software Market Based on power generation resource:

• Geothermal
• Wind
• Biomass
• Biogas
• Solar
• Others

Automated Power Generation Dispatch Software Market: Competitive Landscape

Examples of some of the key players operating in the automated power generation dispatch software market are Open Access Technology International, Inc., Open Technologies, Siemens AG, Operation Technology, Inc., PG&E Corporation, Kalkitech Inc., General Electric, Schneider Electric and Elipse Software.

Regional Overview

On the basis of geography, the automated power generation dispatch software market is segmented across North America, Latin America, Western Europe, Eastern Europe, China, SEA and other APAC, Japan, and Middle East & Africa. North America is expected to be a largest market for automated power generation dispatch software as majority of the automated power generation dispatch software vendors such as Operation Technology, Inc. and PG&E Corporation are based in North America. The smart energy market in developing regions, such as APEJ, Latin America, and parts of Africa, is characterized by the adoption of advanced technology for optimized energy management in various energy and power management segment including automated power generation dispatch software. Significant government initiatives in countries in the regions mentioned above is likely to increase the scope of penetration of automated power generation dispatch software in these regions in the near future.

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