The advanced distribution management systems market is predicted to reach US$ 12,102.0 Million by 2029 and show a remarkable 20% CAGR between 2022 and 2029. Advanced distribution management systems have significantly benefitted users looking for efficient data security, higher reliability, improved power distribution, and flexibility in restoring normal functions after a natural disaster.
These systems supply situational intelligence that ensures efficient and reliable smart grid analysis and management during a rapidly switching network. The adoption of advanced distribution management systems is increasing in smart cities, as these systems manage, control, optimize, visualize, and automate distribution networks.
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Key Takeaways From The Advanced Distribution Management Systems Market Report:
- The energy & utilities industry is estimated to continue to hold significant market share among all segments by industry during the forecast period, owing to optimized energy distribution, reduction in electricity losses, and minimal electricity shortages.
- Among all the applications, fault location and isolation & service restoration are estimated to register notable CAGR, as FLISR reroutes power to reduce power supply faults, power shortages, and other disturbances.
- Asia Pacific excluding Japan is witnessing an impressive growth rate in the global advanced distribution management systems market, as governments in countries such as China, South Korea, and India are trying to balance the demand and supply of power to ensure efficiency and cost-effectiveness.
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Urbanization, Industrialization, and Increasing Rate of Electrification Driving Market Growth:
The world is witnessing an increase in the transmission, generation, and distribution of energy. With growth in the energy sector, the demand for electricity is increasing at a rapid pace. In 2021, the global demand for electricity increased by 4% to more than 23,000 TWh.
Also, rising urbanization on a global scale is increasing the rate of electrification at houses, commercial places, and end-use sectors, which is further boosting the demand for advanced distribution management systems. Furthermore, rapid industrialization in various developed and emerging economies is generating demand for electricity as a primary source for modern development.
Apart from this, strong economic growth in emerging countries such as India and China, combined with rapid urbanization and growth in investments in these countries, are factors propelling market growth. The Government of India has invested US$ 44.9 Billion in smart grid infrastructure, which is bolstering the demand for smart grid technology and thus, fueling the growth of the advanced distribution management systems market.
Leading Key Players:
- Schneider Electric
- ABB Corporation
- Capgemini SE
- GE Digital
- Oracle Corporation
- Siemens AG
- Tata Power DDL
- Open Systems International
- Survalent Technology Corporation
- DNV GL
- Etap
- Axxiom
- Grid Bright
- Alstom
- S&C Electric Company
- Advanced Control Systems
- Hitachi
- Anterix
- Hexagon Safety & Infrastructure
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Advanced Distribution Management Systems Market Segmentation:
By Solution :
- ADMS Platforms
- Services
- Support &Maintenance Services
- Consulting
- Integration & Implementation
By Application :
- Supervisory Control & Data Acquisition
- Distribution Management Systems
- Outage Management Systems
- Distributed Energy Resource Management Systems
- Geospatial Information Systems
- Fault Location and Isolation & Service Restoration
By Industry :
- Transportation & logistics
- Energy & Utilities
- Oil & Gas
- Manufacturing
- Others
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- Middle East & Africa
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