Advanced Distribution Management System Market Research, 2031
The global advanced distribution management system market was valued at $2 billion in 2021, and is projected to reach $11.2 billion by 2031, growing at a CAGR of 19.3% from 2022 to 2031.
The advanced distribution management system market is segmented into solution, organization size and end use vertical.
An advanced distribution management system (ADMS) is the operating system platform that enables the comprehensive array of distribution management and optimization. An ADMS has features that automate outage restoration and enhance the distribution grid's efficiency. For electric utilities, ADMS services are being implemented for fault detection, isolation, and regeneration, volt/volt-amp reactive management, energy saving through voltage reduction, peak demand management, and assistance for microgrids and e-mobility.
The ADMS market is expected to witness notable growth during the forecast period, owing to increase in demand for integrated single platform. Furthermore, rise in adoption of smart grid applications along with increase in dependency on automated metering systems drive the growth of the market. However, increased concerns related to data privacy and cyber protection is the prime factor restraining the market growth. On the contrary, surge in demand for electric vehicles is expected to propel the advanced distribution management system market growth during the forecast period.
On the basis of solution, the ADMS market is categorized into ADMS Platforms and services. ADMS platforms are more intuitive because they can maintain data on the server between two requests. They can improve performance when data retrieval is required. Therefore, these types of solution are majorly used in online banking, communication, and IT data transferring units. Due to widespread acceptability of superior grid controlling functionality transmitting this high power and increasing demand in rural as well as urban area is fuelling advanced distribution management system market growth.
On the basis of organization size, the advanced distribution management system market is categorized into SMEs and large enterprise.Large enterprises can be stated as organizations that have employee strength of more than 1,000. Such enterprises include an increased number of skilled people with high privacy and data security issues. These enterprises can often manage huge transmission data on the platforms with well-equipped and maintained connected infrastructure.
The advanced distribution management system market by end-use vertical is segmented into energy & utilities, defense & government, manufacturing, transportation & logistics, telecom, IT & ITeS and others.The manufacturing sector comprises companies that produce, among other things, cement and other building materials, equipment and machinery, plastic and rubber, and electrical and electronic items. Manufacturing execution systems (MES), enterprise resource planning (ERP), and analytics services are provided by advanced distribution management system in this industry. Since timely information is crucial for decision-making, many manufacturers give migration pathways for distribution of power in top priority.
Region-wise, the advanced distribution management system industry are analyzed across North America (U.S. and Canada), Europe (UK, Germany, France, Italy, Spain and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America, specifically U.S. and Canada, remains a significant participant in the global advanced distribution management system industry. Major organizations and government institutions in this region are actively using advanced distribution management systems.
TOP IMPACTING FACTORS
The advanced distribution management system market share is expected to witness notable growth during the forecast period, owing to increase in demand for integrated single platform. Furthermore, rise in adoption of smart grid applications have driven the growth of the market. However, high concerns related to data privacy and cyber protection is the prime factor restraining the market growth. On the contrary, surge in demand for electric vehicles is expected to propel the advanced distribution management system market growth during the forecast period.
COMPETITION ANALYSIS
Competitive analysis and profiles of the major advanced distribution management system market players, such as Eaton Corporation Plc, General Electric, Hitachi Ltd., Itron Inc., Mitsubishi Electric Corporation, Oracle Corporation, Schneider Electric SE, Siemens AG, Innowatts Inc. and Wipro Limited are provided in this report.
KEY BENEFITS FOR STAKEHOLDERS
This study comprises analytical depiction of the advanced distribution management system market size along with the current trends and future estimations to depict the imminent investment pockets.
The overall advanced distribution management system market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current advanced distribution management system market forecast is quantitatively analyzed from 2021 to 2031 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
The report includes the market share of key vendors and advanced distribution management system market trends.
Advanced Distribution Management System Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 11.2 billion |
 Growth Rate | CAGR of 19.3% |
 Forecast period | 2021 - 2031 |
 Report Pages | 200 |
 By Solution |
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 By Organization Size |
|
 By End Use Vertical |
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 By Region |
|
 Key Market Players | Eaton Corporation Plc (Tripp Lite), General Electric, Wipro Limited, Hitachi,Ltd, Mitsubishi Electric Corporation, innowatts, litron inc., Siemens AG, Oracle Corporation, Schneider Electric SE |
Analyst Review
A platform for effective process distribution management system is called as advanced distribution management system (ADMS). This platform includes distributed energy resource management system (DERMS), outage management system (OMS), and supervisory control and data acquisition (SCADA) applications.
The advanced distribution management system market is highly competitive, owing to strong presence of existing vendors. Advanced distribution management system distributors, who have access to extensive technical and financial resources are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by key vendors.
The market for advanced distribution management systems is anticipated to develop significantly during the forecast period due to the rise in demand for integrated single platforms. The market is experiencing growth as a result of expanding smart grid application adoption and rising reliance on automated metering systems. However, the major challenge hindering market development is the widespread concerns regarding data privacy and cyber security. On the other hand, a rise in the demand for hybrid vehicles is predicted to propel the market for advanced distribution management systems during the forecast period.
Among the analyzed regions, North America exhibits highest adoption rate of advanced distribution management system and has been experiencing massive expansion of the market. On the other hand, Asia-Pacific and Europe is expected to grow at a faster pace, predicting lucrative growth, owing to emerging countries, such as UK, China, Germany, Japan and India investing in these technologies. Regions, such as the LAMEA, are also expected to offer new opportunities for the advanced distribution management system market in future.
The key players profiled in the report include Eaton Corporation Plc, General Electric, Hitachi Ltd., Itron Inc., Mitsubishi Electric Corporation, Oracle Corporation, Schneider Electric SE, Siemens AG, Innowatts Inc. and Wipro Limited. To promote organic growth and solidify their positions in the advanced distribution management system industry, all of these market participants are investing a significant amount into R&D activities. In order to produce technologically innovative products and acquire a competitive edge in the market, they are also placing a major focus on mergers and acquisitions and strategic alliances.
$1,948.6 million is the estimated industry size of advanced distribution management system.
IT & ITes, telecom and manufacturing are considered as the leading end use verticals of advanced distribution management system market.
Surge in adoption of smart grid applications and rise in reliance on automated metering systems are the upcoming trends of advanced distribution management system market.
North America, specifically U.S. and Canada, remains the largest regional market for advanced distribution management system.
Eaton Corporation Plc, Innowatts Inc., Mitsubishi Electric Corporation, General Electric and Schneider Electric SE are the top companies to hold the market share in advanced distribution management system.
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