Global Advanced Distribution Management System Market Major Players Forecast 2024 - 2033
7 May, 2024
The advanced distribution management system (ADMS) market has witnessed rapid growth, ascending from $2.15 billion in 2023 to $2.58 billion in 2024, with a robust compound annual growth rate (CAGR) of 20.0%. This growth is fueled by the imperative for enhanced grid reliability, the proliferation of distributed energy resources (DERs), the adoption of smart grid technologies, increased integration of renewable energy, and a focus on grid modernization. Projections indicate sustained growth, reaching $5.17 billion in 2028, with a CAGR of 19.0%. Driving factors include the expansion of electric vehicle (EV) charging infrastructure, increased microgrid adoption, growing demand response programs, integration of AI and machine learning in ADMS, and an emphasis on cybersecurity. Noteworthy trends encompass the integration of distributed energy storage systems, predictive analytics for grid optimization, adaptive and self-healing networks, the focus on edge computing for real-time decision-making, and collaborative efforts between utilities and technology providers for ADMS innovation.
Major Driver In The Advanced Distribution Management System Market
Substantial investments in power infrastructure serve as a driving force behind the growth of the advanced distribution management system (ADMS) market. ADMS plays a crucial role in activities such as outage management and demand response within the energy sector. With a 1.4% increase in investments in the energy industry in 2022, totaling $17.84 billion, the ADMS market experiences robust growth. Rapid investments in power infrastructure propel the ADMS market forward, ensuring efficient management and optimization of energy distribution systems.
Request A Free Sample Of The Global Advanced Distribution Management System Market ReportAdvanced Distribution Management System Market Competitive Landscape
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.
Key Advanced Distribution Management System Market Trend
Major players in the advanced distribution management system market are increasingly focusing on partnerships and collaborations to achieve common goals more effectively. By combining resources, expertise, or capabilities, these partnerships aim to enhance weather forecasting for electric utilities. For example, in June 2022, GE Digital, a US-based subsidiary of the General Electric Company, collaborated with Climavision, a US-based weather technology company. The objective of this partnership is to assist utilities in accurately predicting weather conditions and enhancing preparedness for severe storms. By integrating Climavision's global weather forecasting technology into GE Digital's ADMS (Advanced Distribution Management System), utilities will gain improved capabilities to forecast and plan for extreme weather events, thereby minimizing power outages, enhancing grid safety, and boosting reliability.
Get The Full Global Advanced Distribution Management System Market ReportAdvanced Distribution Management System Market Segmentation
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
By Geography:The regions covered in the advanced distribution management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.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 Advanced Distribution Management System Global Market Report 2024 furnishes information about the global advanced distribution management system market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.