Press release
Advanced Distribution Management System Market: Size, Growth, Share, Trends, Forecast To 2033
Advanced Distribution Management System Market
Advanced Distribution Management System Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $5.17 billion In 2028 At A CAGR Of 19.0% :
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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Advanced Distribution Management System Market Major Segments
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
Key Driver - Powering Progress Advances Distribution Management Systems Surging With Infrastructure Developments
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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Prominent Trend - Strategic Collaborations Reshaping The Advanced Distribution Management System Market For Enhanced Weather Forecasting In Utilities
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.
Advanced Distribution Management System Market 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., 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.
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Largest And Fastest Growing Region In The Market
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
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Advanced Distribution Management System Market Report Structure
3. Advanced Distribution Management System Market Trends And Strategies
4. Advanced Distribution Management System Market - Macro Economic Scenario
5. Advanced Distribution Management System Market Size And Growth
…..
27. Advanced Distribution Management System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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