Guidehouse Insights Names GE Vernova, Schneider Electric, and IBM Leading Vendors of Asset Performance Management Solutions for Utilities

Leaders demonstrate advanced technology and holistic portfolios, innovative business models, flexible system architectures, and significant installed base

BOULDER, Colo., Aug. 1, 2023 /PRNewswire/ -- A new report from Guidehouse Insights examines the market of grid asset performance management (APM) solutions from nine leading companies.

The competitive landscape for asset performance APM systems is unique given the extensive requirements and growing list of modules captured under the APM umbrella. According to a Leaderboard report from Guidehouse Insights, GE Vernova, Schneider Electric, and IBM are the leading asset performance management systems vendors. These companies stand out from the competition because of their advanced technology and holistic portfolios, innovative business models, flexible system architectures, and significant installed base.

"The role of asset management in utility operations is becoming ever more critical. From the proliferation of digital sensors throughout transmission & distribution networks to the ongoing regulatory challenges stemming from grid reliability, the value of asset management, and more specifically, asset performance management, has never been higher," says Francesco Radicati, senior analyst with Guidehouse Insights. "Historically, utilities have approached asset management from a simpler perspective, such as tracking asset maintenance schedules via spreadsheets, but APM lets them centralize asset information to enable useful analysis of asset health, maintenance schedules, and asset investment planning."

While product and strategy roadmaps naturally vary by vendor, common macrotrends include architectural transformations (i.e., scalable, open, interoperable), revamped pricing and deployment models, streamlined upgrade frameworks, coordinated transmission and distribution operations, mobile extensions, and cloud enablement, among many others, according to the report.

All of the vendors in the Leaderboard ranked as Leaders or Contenders, indicating a competitive landscape and a need for them to differentiate from one another.

The report, Guidehouse Insights Leaderboard: Asset Performance Management, examines the grid APM solutions from nine leading companies and measures them against one another, to determine which are providing the most useful APM solutions to utility customers. An executive summary of the report is available for free download on the Guidehouse Insights website.

About Guidehouse Insights

Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.

About Guidehouse

Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has over 16,500 professionals in over 55 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.

* The information contained in this press release concerning the report, Guidehouse Insights Leaderboard: Asset Performance Management, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.

For more information, contact:
Cecile Fradkin for Guidehouse Insights
+1.646.941.9139
[email protected]

SOURCE Guidehouse Insights