Advanced Distribution Management
Systems Market Highlights:
Advanced Distribution
Management Systems (ADMS) refers to the distribution grid integrated with
energy resources. The advanced ADMS functionality to integrate, automate, and
optimize photovoltaic systems with energy storage through smart inverter
control is a key component in a clean energy transition. The advanced
distribution management systems market is garnering increasing traction
globally.
The market growth attributes
to substantial investments in fostering clean energy. Besides, current
challenges related to the distribution grid and rising electric utilities drive
the growth of the market. Increasing penetration of Advanced
Distribution Management Systems Market in distribution grids
escalates market growth. According to Market Research Future (MRFR), the global
advanced distribution management systems market is expected to reach USD 2,146
MN by 2023, growing at 19% CAGR throughout the review period (2018–2023).
Additionally, rising advances
in grid infrastructure technologies supporting the highly efficient energy
supply boost the market demand. Also, the rising demand for clean energy and
increasing government focus on integrating ADMS for efficient use of renewable
substantiates the market growth. The increasing renewable power generation and
growing government mandates & updated policies increase the market size.
Growing complexities in the grid network push market growth.
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Global ADMS Market Competitive Landscape:
Highly competitive, the ADMS market appears to be fragmented
due to the presence of several well-established industry players. These players
initiate strategic approaches such as mergers & acquisitions,
collaboration, expansion, and technology launch to gain a larger competitive
advantage.
Major Key Players:
Players leading the global ADMS market are General
Electric Company (US), Schneider Electric SE (France), ABB Group (Switzerland),
Cisco Systems, Inc. (US), Oracle Corporation (US), Siemens AG (Germany),
S&C Electric Company (US), Advanced Control Systems (US), Survalent
Technology (Canada), and Open Systems International, Inc. (US), among others.
Advanced Distribution Management Systems Market Segments:
The report is segmented into five
dynamics;
·
By Components: Hardware, Software (distribution
management systems, outage management systems, energy management systems,
network management systems, others), and Services (professional and
managed services).
· By Deployment: On-Cloud and On-Premises.
·
By Application: Supervisory Control & Data Acquisition System, Fault
Location, Isolation, And Service Restoration, Volt/VAR Control Function,
Distribution Network System, and others.
·
By Verticals: Energy & Utilities, Defense & Government,
Manufacturing, Transportation & Logistics, and others.
· By Regions: Asia Pacific, Americas, Europe,
and the Rest-of-the-World.
Advanced Distribution Management Systems Market Regional
Analysis:
North America dominates the global advanced distribution
management systems market. The largest market share attributes to the rising
numbers of smart grid projects in the region. Besides, the increasing energy
demand and government initiatives & utility-scale policy drive the growth
of the market in the region. Moreover, the strong presence of several notable
players and advanced grid systems in the region substantiate the growth of the
market.
Also, factors such as the rising deployments of renewable
energy generation systems in the residential sector and increasing demand for
power foster the regional market growth.
The US market leads the regional market, witnessing the demand for new
technologies for grid management and optimization. The North American ADMS
market is projected to retain its dominance throughout the estimated period.
Europe stands second in the global advanced distribution
management systems market.
The market growth is driven by the strong presence of
notable industry players and energy service providers in the region.
Additionally, the increasing adoption of renewable sources and increasing
energy consumption create considerable market demand. Furthermore, substantial
investments in grid and transmission infrastructures boost the growth of the
regional market.
The Asia Pacific advanced distribution management systems
market is growing rapidly. Factors such as the demand for energy continually
growing with the ever-increasing population and rapid industrialization &
urbanization fuel the growth of the regional market. Moreover, the increasing
governmental emphasis on the development of low-cost power generation boosts
the growth of the regional market.
China, Japan, and India are the emerging markets for
advanced distribution management systems. The widening uptake of advanced
renewable technologies and microgrids across commercial & industrial
sectors increases the regional market size. The APAC advanced distribution
management systems market is expected to grow with the highest CAGR in the
coming years.
Industry/Innovation/Related News:
July 08, 2020 ---- Smarter Grid Solutions Ltd. (SGS – the UK), a leading
energy software company, announced winning the ANM Strata distributed energy
resource management system (DERMS) contract to run a demonstration program of
New York State Energy Research & Development Authority (NYSERDA) Future
Grid Challenge. Under the demonstration program, SGS would test smart solar
inverter integration into New York utility grid.
Also, SGS would work with Rensselaer Polytechnic
Institute (RPI) and Borrego Solar to test how smart inverters can be integrated
into Orange & Rockland Utilities’ advanced distribution management system
(ADMS).
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