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
- Advanced Distribution Management System Market Characteristics
- Advanced Distribution Management System Market Trends And Strategies
- Advanced Distribution Management System Market – Macro Economic Scenario
- Global Advanced Distribution Management System Market Size and Growth
. - Global Advanced Distribution Management System Market Competitive Benchmarking
- Global Advanced Distribution Management System Market Competitive Dashboard
- Key Mergers And Acquisitions In The Advanced Distribution Management System Market
- Advanced Distribution Management System Market Future Outlook and Potential Analysis
- Appendix
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