Advanced Distribution Management System Market by Offering (Solutions and Services), Solutions (Outage Management System, Energy Management System), Services (Professional and Managed Services), End User, and region (North America, Europe, Asia-Pacific, Middle East, and Africa and South America).
Advanced Distribution Management System (ADMS) Market Overview
The global Advanced Distribution Management System (ADMS) Market size is projected to reach a CAGR of 22.4% from 2023-2030.
An advanced distribution management system (ADMS) is a software-based solution used for managing and controlling electrical grids. It is utilized for regulating the electricity demand, managing energy output, and reducing outages in the distribution grid. ADMS also involves the management of distributed energy resources (DERs), closely integrated utility tools, and closed-loop interactions with building management systems. It is widely used in distribution management, energy management, customer information, automated meter reading (AMR), and volt control functions. It provides enhanced reliability, data security, power quality, renewable energy usage, and resilience to natural disasters. As a result, ADMS finds extensive applications across various industries, such as manufacturing, energy, defense, transportation, information technology (IT), and telecommunication.
There are two key factors that are the main driving force behind the Global Advanced Distribution Management Systems Market growth. Those are ever-increasing demands for power and cost-efficiency at the same time and product catalog management and its increasing demand also play a driving force behind the rapid growth of the market. Furthermore, the increasing demand for energy in residential and industrial areas and the development of the smart grid will create lucrative opportunities for the market.
On the other hand, challenges regarding data security, inadequate utility incentive, and interoperability problems are the major factors hindering the growth of the market.
Get a Sample Copy of the Advanced Distribution Management System (ADMS) Market Research Report: https://www.delvens.com/get-free-sample/advanced-distribution-management-system-adms-market
COVID-19 has impacted the world economy; it has completely changed the work culture and forced people to work from home. It has affected all segments and completely disrupted the way people manage their businesses. Various companies have launched new solutions to support businesses. With the rise in the number of COVID-19 cases, ADMS solutions faced a substantial hit in the energy sector, majorly for data collection and remote monitoring. However, COVID-19 is expected to help overcome these challenges as it has positively impacted market growth. Since the energy and utility industry is considered essential services, the coronavirus pandemic has forced these utilities to rethink the way in which many of their operations are performed, and the ways in which they engage with both their staff and their customers.
Delvens Industry Expert's Standpoint
The Advanced Distribution Management System market is expanding as a result of rising smart grid application adoption and rising reliance on automated metering systems. The demand for electric vehicles is also anticipated to soar, fueling the market's further expansion for advanced distribution management systems. However, the main issue impeding market growth is the rise in concerns about data privacy and cyber security. Additionally, a number of technological developments, such as the use of modern components and control systems to improve security and lower overall costs and electricity loss, as well as the integration of linked devices with the Internet of Things (IoT) are boosting market growth and the market is expected to further expand in future.
Key Findings
• Advanced distribution management system (ADMS) is a software-based solution used for managing and controlling electrical grids. It is utilized for regulating the electricity demand, managing energy output, and reducing outages in the distribution grid. ADMS also involves the management of distributed energy resources (DERs), closely integrated utility tools, and closed-loop interactions with building management systems. It is widely used in distribution management, energy management, customer information, automated meter reading (AMR), and volt control functions.
• The market is also divided into various regions such as Asia Pacific, North America, Europe, South America, the Middle East & Africa. Asia Pacific is expected to have the highest growth rate during the forecast period. The region has witnessed tremendous growth in its energy demand, generation capacity, and transmission and distribution networks.
• COVID-19 has impacted the world economy; it has completely changed the work culture and forced people to work from home. It has affected all segments and completely disrupted the way people manage their businesses. Various companies have launched new solutions to support businesses. With the rise in the number of COVID-19 cases, ADMS solutions faced a substantial hit in the energy sector, majorly for data collection and remote monitoring.
• There are two key factors that are the main driving force behind the Global Advanced Distribution Management Systems Market growth. Those are ever-increasing demands for power and cost-efficiency at the same time and product catalog management and its increasing demand also play a driving force behind the rapid growth of the market.
Advanced Distribution Management System (ADMS) Market Regional Analysis
Asia Pacific to Dominate the Market
• Asia Pacific is expected to have the highest growth rate during the forecast period. The region has witnessed tremendous growth in its energy demand, generation capacity, and transmission and distribution networks.
• Factors such as tremendous growth in the energy demand due to rapid economic development, urbanization, and industrialization will drive the growth of the advanced distribution management system market in the Asia Pacific region.
Advanced Distribution Management System (ADMS) Market Competitive Landscape
• ABB Ltd.
• Alstom SA
• Capgemini SE
• ETAP/Operation Technology Inc.
• General Electric Company
• Indra Sistemas S.A.
• Open Systems International Inc. (Emerson Electric Co.)
• Oracle Corporation
• S&C Electric Company
• Schneider Electric SE
• Siemens AG
• Survalent Technology Corporation
Inquire before you purchase to increase your business' revenue: https://www.delvens.com/Inquire-before-buying/advanced-distribution-management-system-adms-market
Advanced Distribution Management System (ADMS) Market Recent Developments
• In April 2022, GE Digital and National Grid ESO partnered to deploy GE digital effective inertia metering & forecasting solutions across Great Britain’s electricity network.
• In April 2022, Minsait ACS partnered with ESRI, a US-based global market leader in geographic information system (GIS) software, location intelligence, and mapping. Through this strategic partnership, Minsait ACS focuses on a global growth strategy using GIS technology.
Reasons to Acquire in the Advanced Distribution Management System (ADMS) Market
• Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
• Gain authentic and granular data access for Advanced Distribution Management System (ADMS) Market so as to understand the trends and the factors involved in changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth pattern.
Direct Purchase of Rotary Uninterruptible Power Supply (UPS) Market Report Research Report: https://www.delvens.com/checkout/advanced-distribution-management-system-adms-market
Frequently Asked Questions
What are the years considered to study Advanced Distribution Management System (ADMS) Market?
What is the compound annual growth rate (CAGR) of the Advanced Distribution Management System (ADMS) Market?
Which region holds the largest market share in Advanced Distribution Management System (ADMS) Market?
Who are the major players in Advanced Distribution Management System (ADMS) Market?
Browse Related Reports:
Telecom IT Services Market – Trends Forecast Till 2030
Telecom IT Services Market, by Service Type (Fixed Voice Services, Fixed Internet Access Services, Mobile Voice Services, Mobile Data Services, Pay-TV Services, Machine-to-Machine (Mobile IoT) Services), By Transmission (Wireline, Wireless), By End-use (Consumer/Residential, Business) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
Data Center Outsourcing (DCO) Market – Trends Forecast Till 2030
Data Center Outsourcing (DCO) Market, by Enterprise size (Small, Medium, Large), Data Center Location (Customer Premises, Vendor Premises), Industrial Vertical (Banking & Financial Services, Manufacturing, Communication & Technology, Healthcare, Government) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
Smart Farming Market – Trends Forecast Till 2030
Smart Farming Market, By Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse, Others), Service (System Integration and Consulting, Support and Maintenance, Connectivity Services, Managed Services, Professional Services), Offering, Application and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
About Us:
Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
Contact Us:
UNIT NO. 2126, TOWER B,
21ST FLOOR ALPHATHUM
SECTOR 90 NOIDA 201305, IN
+44-20-8638-5055
[email protected]