Advanced Distribution Management System Market to Exhibit Positive Growth Prospects with Relatively Higher Demand for Technology, Media and Telecommunications Products

According to our latest market study on “Advanced Distribution Management System Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Type, Grid Type, and Vertical,” the market was valued at US$ 952.0 million in 2019 and is projected to reach US$ 3,035.0 million by 2027; it is expected to grow at a CAGR of 19.9% from 2020 to 2027.

Modernization in the grid for distribution systems has the ability to monitor, control, and mangling unplanned event with reliability. The integration of ADMS with smart devices has created enormous opportunities in the ADMS market, as ADMS technologies are increasingly deployed to control and manage the complexities involved. Some of the key complexities are increasing penetration levels of renewable generation, and grid forming smart assets such as smart inverters.

Thus, the demand for ADMS integration with smart devices has been increasing. In addition to this, grid modernization efforts for ADMS has become the primary decision support system for all utility operators to handle complexities that are increasing day by day. ADMS is enabling IT convergence with geospatial asset management, weather services, enterprise resource planning, and real-time operation and planning. Moreover, mobile devices—such as tablets, smartphones, and iPad—have been found to be most useful and gradually integrating into ADMS in order to provide portable and accessible medium to congregate with ADMS technology.

Advanced Distribution Management System Market – Companies Mentioned

ABB Ltd.
Advanced Control Systems, Inc.
Capgemini SE
General Electric Company
Oracle Corporation
Adams Electric Cooperative
Operation Technology, Inc.
Schneider Electric
Siemens AG
Survalent Technology Corporation

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Geographically, North America held the largest share of the advanced distribution management system market in 2019, followed by Europe and Asia Pacific. Further, Asia Pacific is projected to witness the highest growth rate during the forecast period. The advanced distribution management system market is segmented into type, grid type, and vertical, and geography. Based on type, the market is further bifurcated into solutions and services.

The solutions segment is expected to represent the largest share of the overall market during the forecast period. Based on grid type, the market is further segmented into high voltage grid, medium voltage grid, and low voltage grid. In 2019, the low voltage grid segment accounted for a substantial share in the global advanced distribution management system market. Based on vertical, the market is segmented into industrial and commercial. The commercial segment is anticipated to represent the largest share of the overall market during the forecast period.

Impact of COVID-19 Pandemic on Advanced Distribution Management System Market

According to the latest report from the World Health Organization (WHO), the US, Spain, Italy, India, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the worst affected countries due to the COVID-19 pandemic. The outbreak first began in Wuhan, China, during December 2019, and since then, it has spread across the world. The COVID-19 crisis is affecting the industries worldwide, and the global economy has witnessed the worst hit in 2020, which is likely to continue in 2021.

Across all the key regions, the energy mix has moved toward renewables post lockdown measures owing to low electricity demand, primacy access to the grid via regulations, as well as low operating costs. Electricity demand and mix is expected to resume to previous trends after the release of lockdown. This is likely to adversely affect the power sector due to disruptions in supply chain. The energy sector in countries across the globe are likely to focus on the development of coordination between the natural gas and telecommunications industries as well as supply chain issues to better tackle grid threats.

ABB Ltd.; Advanced Control Systems, Inc. (Indra company); Capgemini SE; General Electric Company; Oracle Corporation; Open Systems International, Inc.; Operation Technology, Inc. (ETAP); Schneider Electric; Siemens AG; and Survalent Technology Corporation are among the major companies operating in the advanced distribution management system market.

Advanced Distribution Management System Market Segmentation

Advanced Distribution Management System Market – by Type

Solutions
SCADA
Distributed Network Analysis
Outage Management System
Services
Consulting
System Integration
Support and Maintenance
Advanced Distribution Management System Market– by Grid Type

High Voltage Grid
Medium Voltage Grid
Low Voltage Grid
Advanced Distribution Management System Market– by Vertical

Industrial
Commercial
Advanced Distribution Management System Market – by Region

North America
Europe
Asia Pacific
Middle East & Africa
South America

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

This release was published on openPR.