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Global Advanced Distribution Management System Market Research Report 2023-2028:
According to the latest report by IMARC Group, titled " AdvancedDistributionManagementSystemMarket:GlobalIndustryTrends,Share,Size,Growth,O pportunityandForecast2023-2028
," the global advanced distribution management system market size reached US$ 1,293.6 Million in 2022.
An advanced distribution management system (ADMS) refers to a software platform that is generally used for controlling and managing electrical grids. It usually offers a full suite of distribution and optimization management in an efficient manner. Additionally, it also assists field operating personnel in monitoring the electric distribution from state-wide to city-wide power systems while improving the safety and quality of services.
It is extensively utilized for energy management, volt control functions and customer information. As a result, it provides improved network performance, efficient power management and delivery and substation equipment maintenance.
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The global market is primarily driven by the rising preference for renewable energy resources. Coupled with increasing investments and funding to upgrade the existing power infrastructure to conserve energy, this is creating a positive outlook for the market. Moreover, various technological advancements have led to the widespread adoption of advanced metering infrastructure (AMI) on the global level, thereby propelling the market growth. In line with this, a considerable increase in the data generation volumes across the globe due to rapid digitization and penetration of high-speed internet connectivity is acting as another major growth-inducing factor.
Furthermore, continuous improvements across the information technology (IT) and telecommunications sectors are positively influencing the market growth. Other factors, including rural electrification, the increasing preference for clean sources of energy and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth.
Looking forward, IMARC Group expects the market to reach a value of US$ 3,435.7 Million by 2028, exhibitingataCAGRof16.2%during2023-2028.
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Key Market Segmentation
The research report includes the following segments:
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
Competitive Landscape with 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
1. Whatwasthesizeoftheglobaladvanceddistributionmanagementsystemmarketin2022?
2. What is the expected growth rate of the global advanced distribution management system marketduring2023-2028?
3. Whatarethekeyfactorsdrivingtheglobaladvanceddistributionmanagementsystemmarket?
4. WhathasbeentheimpactofCOVID-19ontheglobaladvanceddistributionmanagementsystem market?
5. What is the breakup of the global advanced distribution management system market based on theoffering?
6. What is the breakup of the global advanced distribution management system market based on thesystemtype?
7. Whatarethekeyregionsintheglobaladvanceddistributionmanagementsystemmarket?
8. Who are the key players/companies in the global advanced distribution management system market?
Clickheretovisitthecompletetableofcontentwithlistoffiguresandtables: https://www.imarcgroup.com/advanced-distribution-management-system-market/toc
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