The Advanced Distribution Management System Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Advanced Distribution Management System, 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.
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.
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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
Major players operating in the advanced distribution management system market are focusing on partnerships and collaborations to work towards common goals that can be more effectively achieved by combining resources, expertise, or capabilities to enhance weather forecasting for electric utilities. For instance, in June 2022, GE Digital, a US-based subsidiary of the General Electric Company, partnered with Climavision, a US-based weather technology company. This partnership’s goal is to aid utilities in accurately predicting weather conditions and improving their preparedness for severe storms. By integrating Climavision’s global weather forecasting technology into GE Digital’s ADMS, Storm Assist, and Storm Readiness software, utilities will have improved capabilities to forecast and plan for extreme weather events. This, in turn, will help minimize power outages, enhance the safety of the electric distribution grid, and boost its reliability.
The advanced distribution management system market report table of contents includes:
1. Executive Summary
2. Wound Debridement Market Characteristics
3. Wound Debridement Market Trends And Strategies
4. Wound Debridement Market – Macro Economic Scenario
5. Global Wound Debridement Market Size and Growth
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31. Global Wound Debridement Market Competitive Benchmarking
32. Global Wound Debridement Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Wound Debridement Market
34. Wound Debridement Market Future Outlook and Potential Analysis
35. Appendix
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