A new Report by Delvens, titled "Advanced Distribution Management System (ADMS) Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Advanced Distribution Management System (ADMS) Market size is projected to reach a CAGR of 22.4% from 2023-2030.
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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.
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.
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
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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.
Key Findings:
Advanced distribution management system (ADMS) is a software-based solution used for managing and controlling electrical grids.
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.
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.
There are two key factors that are the main driving force behind the Global Advanced Distribution Management Systems Market growth.
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.
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In addition to the market data for Advanced Distribution Management System (ADMS) Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
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