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on March 29, 2024
The latest report by IMARC Group, titled “Advanced Distribution Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the global advanced distribution management system market share. The global market size reached US$ 1,503.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 5,116.7 Million by 2032, exhibiting a growth rate (CAGR) of 14.14% during 2024-2032.
An advanced distribution management system (ADMS) is a complex software solution designed to improve the control and supervision of electrical distribution networks. It plays a critical role in ensuring the effective and dependable delivery of electricity to customers. By combining elements such as supervisory control and data acquisition (SCADA), outage management system (OMS), and distribution management system (DMS) in a single platform, it enables utility companies to monitor, evaluate, and respond quickly to real-time grid information. Furthermore, it includes functions like load prediction, fault identification, network optimization, and outage management, which help utilities reduce downtime during power outages, enhance grid resilience, and enhance operational efficiency. Consequently, the use of advanced distribution management systems (ADMS) is becoming more widespread in various industries worldwide.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/advanced-distribution-management-system-market/requestsample
Advanced Distribution Management System Market Trends and Drivers:
The market is experiencing significant growth due to the increasing efforts to modernize the grid and incorporate advanced digital technologies. This modernization enables reliable power distribution and supports the integration of renewable energy sources, such as solar and wind power, which adds complexity to grid management and drives market expansion. Advanced Distribution Management Systems (ADMS) play a vital role in this process by allowing utilities to seamlessly integrate intermittent energy sources into the grid, ensuring a sustainable and steady energy supply. Furthermore, the automotive sector's growing adoption of ADMS is fueled by the increasing demand for electric vehicles, as it enables the efficient integration of EV charging infrastructure into the grid, thereby reducing the impact of EVs on grid stability and driving sales demand.
Report Segmentation:
The report has segmented the market into the following categories:
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
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- 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.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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