Smart grid, geospatial synthesis will drive GIS market growth
Utility spending on electric utility GIS software and services will essentially double from 2011 to 2017, growing from $1.8 billion in 2011 to $3.7 billion in 2017
Boulder, Colo., July 31, 2012 — While utility executives increasingly understand that geospatial data is critical to the future successful operation of the smart grid, the integration of geographic information system (GIS) tools and services with smart grid applications, such as supervisory control and data acquisition (SCADA), energy management systems (EMS), outage management systems (OMS), and distribution management systems (DMS), has been limited to date.
According to a recent report from Pike Research, this will change rapidly over the next five years, as the penetration of GIS into these smart grid applications accelerates.
Utility spending on electric utility GIS software and services will essentially double from 2011 to 2017, growing from $1.8 billion in 2011 to $3.7 billion in 2017, the market intelligence firm forecasts.
The other factor driving the penetration of GIS tools and services in the utility sector is an increasingly mobile workforce. About 60 percent of all utility employees work in the field on assets that have spatial attributes. Until mobility recently became viable, asset changes or status updates were made on hand-drawn maps and provided to office-based GIS technicians, who would interpret and enter the data on a schedule that often ran months late, resulting in a GIS database that was not current and perhaps not accurate. The spread of mobile GIS tools is automating that process and ensuring that updates are made accurately, in real time.