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Advanced Distribution Management System Market Trends 2023: Global Size, Share and Forecast 2028

The global advanced distribution management system market size reached US$ 1,293.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,435.7 Million by 2028, exhibiting a growth rate (CAGR) of 16.2% during 2023-2028.
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According to the latest report by IMARC Group, titled, “Advanced Distribution Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global advanced distribution management system market size reached US$ 1,293.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,435.7 Million by 2028, exhibiting a growth rate (CAGR) of 16.2% during 2023-2028.
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 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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.
The report has segmented the market based on offering, system type and end use industry.
Breakup by Offering:
Software
Services
Breakup by 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)
Breakup by End Use Industry:
Energy and Utilities
IT and Telecommunications
Manufacturing
Defense and Government
Infrastructure
Transportation and Logistics
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact us:
IMARC Group 30 N Gould St, Ste R Sheridan, WY (Wyoming) 82801 USA Website: https://www.imarcgroup.com Email: Sales@imarcgroup.com Tel No:(D) +91 120 433 0800 Americas: – +1 631 791 1145 | Africa and Europe: – +44-702-409-7331 | Asia: +91-120-433-0800
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