PUBLISHER: Allied Market Research | PRODUCT CODE: 1193272
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193272
The advanced distribution management system market was valued at $1,948.6 million in 2021, and is projected to reach $11,206.6 million by 2031, registering a CAGR of 19.3% from 2022 to 2031. The advanced distribution management system (ADMS) enables utility providers to fulfill the requirements of their customers in terms of dependability, voltage stability, utilization of energy from renewable sources, data protection, and resistance to risks such as natural disasters.
The need for integrated single platforms is likely to increase during the forecast period, which is expected to lead to a noticeable expansion in the advanced distribution management system market. Furthermore, surge in adoption of smart grid applications and rise in reliance on automated metering systems drive the growth of the market. However, the primary problem constraining market development is the pervasive concerns regarding data privacy and cyber security. On the other hand, rise in demand for electric vehicles is anticipated to drive the growth of the advanced distribution management systems market during the forecast period.
The global advanced distribution management system market research is segmented into solution, organization size, end use vertical and regions. On the basis of Solution, the market is bifurcated into ADMS platforms and services. the services segment is further sub-segmented into support & maintenance services, consulting and integration & implementation. By organization size, it is divided into small & medium-sized enterprises (SMEs) and large enterprises. Based on the end use vertical the market is segmented into energy & utilities, defense & government, manufacturing, transportation & logistics, telecom, IT & ITeS and others.
Region-wise, the advanced distribution management system market trends 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). Key players operating in the market 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.
Key Benefits For Stakeholders
By Solution
By Organization Size
By End Use Vertical
By Region