According to the latest report of the IMARC group, entitled “Advanced Distribution Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global market for advanced distribution management systems reached a value of US$1,053 million in 2021. Looking ahead, IMARC Group expects the market to reach US$3,081 million by 2027 growing at a CAGR of 18.8% in 2022-2027.
The Advanced Distribution Management System (ADMS) is a software solution used to manage power generation, regulate electricity demand, and reduce outages in the distribution network. It also involves Distributed Energy Resource (DER) management, integrated utility tools, and closed-loop interactions with building management systems. ADMS offers various benefits, including data security, increased reliability, renewable energy use, power quality, resilience to natural disasters, and more. As such, it finds many applications in several sectors, such as energy, manufacturing, transportation, defense, information technology (computing), telecommunication, etc.
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Growing demand for efficient energy resources is one of the major factors driving the advanced distribution management systems market. Apart from this, the growing use of Advanced Metering Infrastructure (AMI), which helps to remotely monitor voltage, measure electricity consumption, identify and isolate faults, etc., is also catalyzing market growth. Additionally, the growing need for seamless two-way communications between utilities and customers is increasing the global market. In addition, the increasing use of advanced components and control systems to reduce overall costs and improve energy security acts as another important growth factor. Moreover, the widespread adoption of these solutions in energy management, automated meter reading (AMR), voltage control functions, distribution management, etc., is positively influencing the growth of the market . In addition to this, the launch of numerous favorable initiatives by government bodies around the world to improve the carbon efficiency of industries is expected to fuel the market for advanced distribution management systems over the forecast period.
To note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be included in the report.
The competitive landscape of the industry has also been reviewed along with the profiles of key players.
- ABB Ltd.
- Alstom S.A.
- Capgemini SE
- ETAP/Operation Technology Inc.
- General electricity company
- Indra Systems SA
- Open Systems International Inc. (Emerson Electric Co.)
- Oracle Corporation
- Electricity Company SC
- Schneider Electric SE
- Siemens AG
- Survalent technology company.
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The report has segmented the market based on offering, type of system and end-use industry.
Break by offer:
Breakdown by type of system:
- Distribution Management System (DMS)
- Automated Meter Reading/Advanced Metering Infrastructure (AMR/AMI)
- Distributed Energy Resource Management Systems (DERMS)
- Energy Management Systems (EMS)
- Customer Information Systems (CIS)
- Meter Data Management Systems (MDMS)
Breakdown by end-use industry:
- Energy and Utilities
- IT and Telecommunications
- defense and government
- Transport and logistics
Breakdown by region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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