Market Size of Advanced Distribution Management System Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 19.70 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Advanced Distribution Management System (ADMS) Market Analysis
Advanced Distribution Management System Market is expected to register a CAGR of 19.7% over the forecasted period. The Advanced Distribution Management System (ADMS) Market's expansion is driven by rising global energy demand, increased utility efficiency, and improved customer service. A distribution management system (ADMS) provides services that automate outage restoration and improve distribution grid performance. ADMS features for electric utilities include fault location, isolation, and restoration, as well as volt/voltampere reactive optimization, conservation through voltage reduction, peak demand management, and support for microgrids and electric cars.
- One of the primary reasons driving market expansion is the increasing demand for efficient energy resources worldwide. ADMS assists in optimizing distribution grid performance and automating outage restoration. Furthermore, the increased adoption of advanced metering infrastructure (AMI) boosts market growth. AMI assists in remotely measuring electricity usage, monitoring voltage, and recognizing and isolating outages. It also allows utilities and customers to communicate with one another. Furthermore, technological improvements such as integrating connected devices with the Internet of Things (IoT) and using modern components and control systems to improve security while reducing total costs and electricity loss propel market expansion.
- In accordance with this, increased implementation of smart grid technologies boosts the market growth. ADMS assists in effectively transporting electricity and data by optimizing energy usage and detecting grid issues. Other reasons, including the increased building of smart cities and the implementation of various government efforts to improve carbon efficiency, are expected to propel the market forward. For instance, according to the recent estimates of the US Department of Energy, smart grid investments are expected to reach over USD 13.8 billion by 2024, accounting for over 64% of the total grid information and control investments in the United States.
- The United Arab Emirates introduced "Energy Policy 2050," which is regarded as the nation's first comprehensive supply-and-demand-based energy strategy. The strategy intends to save USD 190 billion by 2050 and boost the share of renewable energy in the whole energy mix from 25% to 50%. It also aspires to lower the carbon footprint of power generation by 70%. Additionally, it aims to improve corporate and individual consumption efficiency by 40%. Such policies by the government will significantly create opportunities for the market to grow.
- According to EIA, from the past year, annual global energy investment was set to rise to USD 1.9 trillion, bringing the total investment volume back towards pre-crisis levels. However, the composition has shifted towards power and end-use sectors - and away from traditional fuel production. While many energy companies remain in a fragile financial state, there are signs developers are using the window provided by accommodative monetary policy and government backing to plan infrastructure developments and investments in new projects. These positively affected the studied market during the post covid.
- Significant upfront costs are associated with installing an entirely automated ADMS system in buildings or enterprises. Every industry seeks to reduce the cost of its consumption. Therefore, they need energy management systems to track how much energy various devices and factories use. Even while using energy-efficient solutions and practices results in significant long-term cost and energy savings, it necessitates a hefty initial investment. There may be circumstances when certain businesses, sectors, or industrial facilities need more resources to invest in EMS. For small- or medium-sized companies, such an expenditure is not practical. In most cases, the hardware parts of energy management systems are substantially more expensive than the software and service parts.
Advanced Distribution Management System (ADMS) Industry Segmentation
An advanced distribution management system is a software platform that provides a full suite of optimization and distribution management. It manages, controls, visualizes, optimizes, and automates distribution networks from state-wide to city-wide power distribution networks. It helps field operating personnel monitor and controls the electric distribution system effectively and improves safety, reliability, and quality of service.
The Advanced Distribution Management System Market is segmented by Offering (Software, Service, Consulting, System Integration, Support, and Maintenance), System Type (Distribution Management System (DMS), Automated Meter Reading/Advanced Metering Infrastructure (AMR/AMI), Distributed Energy Resources Management Systems (DERMS), Energy Management Systems (EMS), Customer Information Systems (CIS), Meter Data Management Systems (MDMS)), End-user Verticals (Energy & Utilities, IT and Telecommunications, Manufacturing, Defense and Government, Infrastructure, Transportation & Logistics, Others End-user Verticals), and by Geography ( North America, Europe, Asia Pacific, Middle East, and Africa).
The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
Offering | |
Software | |
Service | |
Consulting | |
System Integration | |
Support and Maintenance |
System Type | |
Distribution Management System (DMS) | |
Automated Meter Reading/Advanced Metering Infrastructure (AMR/AMI) | |
Distributed Energy Resources Management Systems (DERMS) | |
Energy Management Systems (EMS) | |
Customer Information Systems (CIS) | |
Meter Data Management Systems (MDMS) |
End-user Verticals | |
Energy & Utilities | |
IT and Telecommunications | |
Manufacturing | |
Defense and Government | |
Infrastructure | |
Transportation & Logistics | |
Others End-user Verticals |
Geography | ||||||
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Middle East and Africa |
Advanced Distribution Management System Market Size Summary
The Advanced Distribution Management System (ADMS) market is poised for significant growth, driven by the increasing global demand for energy efficiency and enhanced utility performance. ADMS plays a crucial role in automating outage restoration and optimizing distribution grid performance, which is essential as the world shifts towards smarter energy solutions. The integration of advanced metering infrastructure and the Internet of Things (IoT) with ADMS is further propelling market expansion. These technologies enable real-time monitoring and communication between utilities and customers, facilitating better energy management and grid optimization. The adoption of smart grid technologies and government initiatives aimed at reducing carbon footprints are also contributing to the market's upward trajectory.
The market landscape is characterized by moderate competition, with key players engaging in product innovation and strategic partnerships to enhance their offerings and expand their market presence. The advent of cloud-based energy management solutions is reducing operational costs and improving efficiency, thereby driving demand. Significant investments in smart grid technologies and infrastructure development, particularly in regions like the United States and the United Arab Emirates, are creating lucrative opportunities for market growth. Despite the high initial costs associated with implementing ADMS, the long-term benefits of energy savings and improved operational efficiency are encouraging adoption across various sectors, including utilities, smart cities, and industrial facilities.
Advanced Distribution Management System Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rapid Adoption Of Smart Grid Technology
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1.2.2 Rising Energy Demand And Efficient Distribution Management System
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1.2.3 Increasing Investment in Infrastructure Construction in Emerging Economies
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1.3 Market Restraints
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1.3.1 Higher Initial Investment
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1.4 Market Opportunities
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1.5 Industry Attractiveness - Porter Five Forces
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1.5.1 Bargaining Power of Suppliers
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1.5.2 Bargaining Power of Consumers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 Offering
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2.1.1 Software
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2.1.2 Service
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2.1.3 Consulting
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2.1.4 System Integration
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2.1.5 Support and Maintenance
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2.2 System Type
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2.2.1 Distribution Management System (DMS)
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2.2.2 Automated Meter Reading/Advanced Metering Infrastructure (AMR/AMI)
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2.2.3 Distributed Energy Resources Management Systems (DERMS)
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2.2.4 Energy Management Systems (EMS)
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2.2.5 Customer Information Systems (CIS)
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2.2.6 Meter Data Management Systems (MDMS)
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2.3 End-user Verticals
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2.3.1 Energy & Utilities
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2.3.2 IT and Telecommunications
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2.3.3 Manufacturing
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2.3.4 Defense and Government
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2.3.5 Infrastructure
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2.3.6 Transportation & Logistics
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2.3.7 Others End-user Verticals
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdoms
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2.4.2.3 France
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2.4.2.4 Rest of Europe
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2.4.3 Asia Pacific
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2.4.3.1 China
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2.4.3.2 India
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2.4.3.3 Japan
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2.4.3.4 Rest of Asia Pacific
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2.4.4 Middle East and Africa
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Advanced Distribution Management System Market Size FAQs
What is the current Advanced Distribution Management System Market size?
The Advanced Distribution Management System Market is projected to register a CAGR of 19.70% during the forecast period (2024-2029)
Who are the key players in Advanced Distribution Management System Market?
ABB Group, General Electric Company, Siemens AG, Advanced Control Systems and Schneider Electric SE are the major companies operating in the Advanced Distribution Management System Market.