According to the latest report by IMARC Group, titled, “Advanced Distribution Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global advanced distribution management system market reached a value of US$ 1,053 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 3,081 Million by 2027, exhibiting at a CAGR of 18.8% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Advanced distribution management system (ADMS) represents a software-based solution that is used for managing energy output, regulating the electricity demand, and reducing outages in the distribution grid. It also involves the management of distributed energy resources (DERs), integrated utility tools, and closed-loop interactions with building management systems. ADMS offers various advantages, including data security, enhanced reliability, renewable energy usage, power quality, resilience to natural disasters, etc. As such, it finds extensive applications across several industries, such as energy, manufacturing, transportation, defense, information technology (IT), telecommunication, etc.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Advanced Distribution Management System Market Trends and Drivers:
The escalating demand for efficient energy resources is one of the key factors driving the advanced distribution management system market. Apart from this, the elevating utilization of advanced metering infrastructure (AMI), which aids in remotely monitoring voltage, measuring the electricity usage, identifying and isolating outages, etc., is also catalyzing the market growth. Additionally, the inflating need for seamless two-way communications between utilities and customers is augmenting the global market. Besides this, the rising utilization of advanced components and control systems to reduce overall costs and improve energy security is acting as another significant growth-inducing factor. Moreover, the widespread adoption of these solutions in energy management, automated meter reading (AMR), volt control functions, distribution management, etc., is positively influencing the market growth. In addition to this, the launch of numerous favorable initiatives by government bodies across the globe to enhance the carbon efficiency of industries is anticipated to fuel the advanced distribution management system market over the forecasted period.
Advanced Distribution Management System Market 2022-2027 Competitive Analysis and Segmentation:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market based on offering, system type and end use industry.
Breakup by Offering:
Breakup by System Type:
Breakup by End Use Industry:
Breakup by Region:
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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