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Advanced Distribution Management System Market Size, Trends And Global Forecast Report 2024 To 2033
Advanced Distribution Management System Market
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
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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The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
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