Global Advanced Distribution Management System Market to Grow at a CAGR of 19.55% During 2021–2031

Introduction

The OS platform that enables the use of the entire toolset for distribution management and optimization is known as an ADMS. An advanced distribution management system (ADMS) has various advantages, including automatic outage repair and increased distribution grid efficiency. Electric utilities are using ADMS services for peak demand management, volt/volt-amp reactive management, energy savings through reduced voltage, fault detection, isolation, and regeneration, as well as assistance for microgrids and e-mobility.

Market Dynamics

Rapid Adoption of the Smart Grid Technology Drives the Global Market

According to the International Energy Agency (IEA), the world's energy demand will increase by about 80% between 2012 and 2040. Smart meters, EV chargers, and other relevant smart grid infrastructure technologies are some of the novel grid technologies being deployed and invested in more frequently, driving the industry. Smart meters, a critical indicator of future-ready technologies, are laying the groundwork for the smart grid by enabling two-way real-time communication between DISCOMs and consumers using GPRS technology. Smart meters, which offer the real-time readings needed to monitor equipment health, grid congestion and stability, and system control, are a must for smart grids. In recent years, smart meters have changed considerably across several vital sectors.

Rising Investments in Energy Efficiency and Efficient Distribution Management Systems Creates Tremendous Opportunities

To increase the world's investments in having a more energy-efficient infrastructure at a steady rate, governments are funding several initiatives, such as the adoption of solutions that enhance the efficiency of the power grid, the implementation of an efficient distribution management system, and sanctions on the use of inefficient technologies. Thanks to the many vendors in the energy efficiency industry, who are seeing an increase in investments, governments can adopt these solutions. For instance, as part of a package of support for the business to enhance its investments in energy efficiency in India, the Asian Development Bank (ADB) granted EESL a loan in November 2019 worth USD 250 million.

Regional Analysis 

North America is the most significant revenue contributor and is anticipated to expand at a CAGR of 18.80% over the projection period. The U.S. has been a pioneer in applying cutting-edge technologies in power. Utility companies have embraced these (ADMS) solutions to use their resources more effectively and efficiently while concentrating on improving the customer experience. To resolve any end-user issues, American government agencies have taken the initiative to find and assemble partners and members of the power sector. For instance, in cooperation with electric companies that had received American Recovery and Reinvestment Act (ARRA) funds, the Office of Electricity Delivery and Energy Reliability (DOE OE) and the U.S. Department of Energy had already hosted multiple Regional Smart Grid Peer-to-Peer Workshops.

Asia-Pacific is anticipated to develop at a CAGR of 21.30% during the forecast period. China has grown into a significant energy producer over the past 20 years, boosting its output from merely 1239.3 terawatt-hours in 1999 to 7503.4 terawatt-hours in 2019. This is according to the BP Energy outlook report 2020. The country had a tremendous industrial transformation, and as a result, the energy consumption is now in line with the production capacity, thus expanding the potential in the ADMS market. The advanced components of the ADMS offer benefits over traditional distribution management systems, including high DERs management penetration rates, tighter utility tool integration for asset data and billing, and closed-loop interactions with building management systems (BMSs).

Key Highlights

• The global advanced distribution management market was valued at USD 1,190.10 million in 2022. It is projected to reach USD 5,936.49 million by 2031, growing at a CAGR of 19.55% during the forecast period (2023-2031). 
• Based on the offering, the global advanced distribution management market is bifurcated into software and service.
• Based on system type, the global advanced distribution management market is bifurcated into Distribution Management Systems (DMS), Automated Meter Reading/Advanced Metering Infrastructure (AMR/AMI), Distributed Energy Resources Management Systems (DERMS), Energy Management System (EMS), Customer Information Systems (CIS), Meter Data Management Systems (MDMS). The Distribution Management System (DMS) segment is the highest contributor to the market and is estimated to boost at a CAGR of 18.20% during the forecast period.
• North America is the most significant revenue contributor and is expected to grow at a CAGR of 18.80% during the forecast period.

Competitive Players

Competitive Players

The global advanced distribution management software vendors are ABB Group, General Electric Company, Siemens AG, Advanced Control Systems, Schneider Electric SE, Survalent Technology, ETAP/Operation Technology Inc., Axxiom, Oracle Corporation, and Open Systems International Inc.

Recent Developments

Market News

• In January 2023, CVC signed a preliminary agreement for the sale of PKP Energetyka.

• In January 2023, Enterra Solutions announced Multi-Year SaaS Contract with Fortune Brands Water Innovations for Advanced Trade Promotion and Pricing Optimization.

Segmentation

Global Advanced Distribution Management System Market: Segmentation

By Offering

• Software
• Service

By System Type

• Distribution Management System (DMS)
• Automated Meter Reading/Advanced Metering Infrastructure (sr/AMI)
• Distributed Energy Resources Management System (DERMS)
• Energy Management System (EMS)
• Customer Information System (CIS)
• Meter Data Management System (MDMS)

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA