Overview and Scope
The advanced distribution management system (ADMS) is the software framework
that supports the entire set of distribution management and optimization
functions. The distribution grid’s performance is enhanced by an ADMS’s
automated outage restoration and other features.
Sizing and Forecast
The advanced distribution management system market size has grown rapidly in
recent years. It will grow from $2.15 billion in 2023 to $2.58 billion in 2024
at a compound annual growth rate (CAGR) of 20.0%. The
growth in the historic period can be attributed to need for improved
grid reliability and efficiency, growth in distributed energy resources (ders),
adoption of smart grid technologies, increase in renewable energy integration,
emphasis on grid modernization.
The advanced distribution management system market size is expected to see
rapid growth in the next few years. It will grow to $5.17 billion in 2028 at a
compound annual growth rate (CAGR) of 19.0%.
The growth in the forecast period can be attributed to expansion of
electric vehicle (ev) charging infrastructure, increased adoption of
microgrids, growth in demand response programs, integration of artificial
intelligence and machine learning in adms, emphasis on cybersecurity for
advanced distribution management
. Major trends in the forecast period include integration of distributed energy
storage systems, use of predictive analytics for grid optimization,
implementation of adaptive and self-healing networks, focus on edge computing
for real-time decision making, collaboration between utilities and technology
providers for adms innovation.
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Segmentation & Regional Insights
The advanced distribution management system market covered in this report is
segmented –
1) By Offering: Solution, Services
2) By Deployment Mode: Cloud, On-premises
3) By System Type: Distribution Management System (DMS), Automated Meter
Reading orAdvanced Metering Infrastructure (AMR/AMI), Distributed Energy
Resources Management Systems (DERMS), Energy Management Systems (EMS), Customer
Information Systems (CIS), Meter Data Management Systems (MDMS)
4) By Organization Size: Large enterprises, Small and Medium Enterprises (SMEs)
5) By End User: Energy and Utilities, Defense and Government, Manufacturing,
Transportation and Logistics, Telecom, IT and ITeS, Other End-Users
North America was the largest region in the advanced distribution management
system market in 2023. Asia-Pacific is expected to be the fastest-growing
region in the forecast period. The regions covered in the advanced distribution
management system market report are Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Rapid investment in power infrastructure are expected to propel the growth of
the advanced distribution management system market going forward. Electricity
and power infrastructure investment refer to the collection of human and
material resources used to generate, transmit, transform, and distribute
electrical power in various locations around the world. ADMS is used for
multiple activities, including outage management, fault location, isolation,
and restoration, Volt-VAR optimization, demand response, and integration of
distributed energy resources such as wind, solar, and battery storage. For
instance, in 2022, investment in the energy industries at ($17.84) £16.7
billion (at current prices) was 1.4% higher than in 2021. Therefore, rapid
investment in power infrastructure is driving the advanced distribution
management system market growth.
Key Industry Players
Major companies operating in the advanced distribution management system market
report are Schneider Electric SE, General Electric Company, Siemens AG,
Survalent Technology Corporation, Oracle Corporation., Capgemini SE, Operation
Technology Inc., Hexagon AB, Hitachi Ltd., Tata Power Delhi Distribution
Limited., Minsait ACS Inc., Wipro Limited, Anterix Inc., Det Norske Veritas GL,
Advanced Control Systems Inc., Advanced Microgrid Solutions, Asea Brown Boveri
Ltd., Accenture plc, Advanced Energy Industries Inc., Advanced Power
Technologies LLC, Advanced Utility Systems, Alstom SA, Ambient Corporation,
American Electric Power Company Inc., Aquanta Inc., AutoGrid Systems Inc.,
Avangrid Inc., Black & Veatch Holding Company, CGI Group Inc., Cisco
Systems Inc., Comverge Inc.
The advanced distribution management system market report table of contents
includes:
1. Executive Summary
2. Advanced Distribution
Management System Market Characteristics
3. Advanced Distribution
Management System Market Trends And Strategies
4. Advanced Distribution
Management System Market - Macro Economic Scenario
5. Global Advanced
Distribution Management System Market Size and Growth
.
31. Global Advanced Distribution Management System Market Competitive
Benchmarking
32. Global Advanced
Distribution Management System Market Competitive Dashboard
33. Key Mergers And
Acquisitions In The Advanced Distribution Management System Market
34. Advanced Distribution
Management System Market Future Outlook and Potential Analysis
35. Appendix
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