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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