ID: MRFR/ICT/4557-HCR | February 2021 | Region: Global | 100 pages
The major players dominating the market for Advanced Distribution Management Systems (ADMS) are Advanced Control Systems (U.S.), Schneider Electric SE (France), ABB Group (Switzerland), General Electric Company (U.S.), Siemens AG (Germany), among others. These companies offer advanced distribution management systems combined with outage management, and supervisory control and data acquisition systems that increase grid efficiency, maximize the use of renewable energy, enhance automated operations and reduce energy consumption.
The advanced distribution management system has fundamental parts which are power control system, energy management system, supervisory control and data acquisition, distribution management system, outage management and demand response management system. These systems are integrated with supervisory control and data acquisition (SCADA) systems that provide enhanced automated control on operational distribution. It is also connected with smart grid, distributed resources, and utility operation technologies to provide real-time information of the distributed network. By using real-time information, ADMS simplifies the operational workflow of utilities and industries. For instance, the scope of application of ADMS in electric utilities includes Volt/Volt-Ampere Reactive Optimization, fault location, restoration, and electric vehicles that manage electricity generation as well as its consumption.
Segmentation of Global Advanced Distribution Management Systems Market
The global advanced distribution management systems market is segmented on the basis of components, deployment, application, verticals, and region. The component segment is sub-segmented as hardware, software, solutions, and services. The solutions are segmented into distribution management systems, outage management systems, energy management systems, and network management systems. Whereas, services are sub-segmented into professional and managed services. The professional service is segmented into consulting, system integration and support and maintenance. The deployment is segmented into the cloud and on-premise. The application is segmented into supervisory control & data acquisition system, fault location, isolation, and service restoration, volt/Var control function, and distribution network system. The verticals are segmented into energy and utilities, defense and government, manufacturing, transportation and logistics and others. The market is covered across regions including North America, Europe, Asia Pacific, and Rest of the World.
Global advanced distribution management systems market is estimated to reach USD 2,146 Million by the end of the forecast period, at a CAGR of 19%.
Some of the prominent players in the global advanced distribution management systems market Schneider Electric SE (France), General Electric Company (U.S.), ABB Group (Switzerland), Oracle Corporation (U.S.), Cisco Systems, Inc. (U.S.), Siemens AG (Germany), Advanced Control Systems (U.S.), S&C Electric Company (U.S.), Survalent Technology (Canada), Open Systems International, Inc. (U.S.) among others.
The regional analysis of advanced distribution management systems market is done for North America, Asia Pacific, Europe, and the rest of the world. North America holds the largest share of the market across the globe due to the emergence of smart grid projects in the U.S. requiring new technologies for grid management and optimization. Whereas, Asia Pacific countries, including China, Japan, and India, are the emerging markets for advanced distribution management systems and the region is expected to grow with the highest CAGR in the coming years.
Frequently Asked Questions (FAQ) :
Oracle Corporation (U.S.), Survalent Technology (Canada),Cisco Systems, Inc. (U.S.), ABB Group (Switzerland), S&C Electric Company (U.S.), Siemens AG (Germany) and Advanced Control Systems (U.S.) are the contenders in the market.
manufacturing, energy & utilities, defense & government, and transportation & logistics are the end-user demographic bases in the market.
USD 2,146 Million is revenues are anticipated to guide the market in the upcoming period.
Europe, Asia Pacific, North America are notable contenders in the global market.
A 19% CAGR is projected to direct the overall market growth in the coming years.