Report : Advanced Distribution Management System Market to 2025 - Global Analysis and Forecasts by Type (Software and Service) and Vertical (Commercial and Residential)
According to the new research report published by The Insight Partners, titled “Advanced Distributed Management System Market– Global Analysis and Forecasts to 2025”, the global Advanced Distributed Management System market is expected to reach US$ 3,852.2 Mn in 2025, registering a CAGR of 19.1 % during the forecast period 2018-2025.
Advanced Distribution Management System (ADMS) is software platform which is integration of several operational systems providing automated outage restoration, and optimizing distribution grid performance. ADMS solution includes distribution management system (DMS); automated fault location, isolation, and service restoration (FLISR); demand response management system (DRMS); Volt-var optimization (VVO); and conservation voltage reduction (CVR). ADMS works as a real-time system for handling and managing operations in a distribution control area. It provides monitoring and control, network optimization, network analysis, and outage management capabilities in an integrated software platform, enabling effective management of assets on a platform developed to meet the growing requirements of distribution operators.
The global market for ADMS market exhibit high growth in near future. Some of the major driving factors contributing to the market growth are rising smart grid in North America region and increase utility efficiency. However, high CAPEX and OPEX cost, and interoperability and system integration issues are some of restraining factors behind slow growth of ADMS market during the forecast period.
The global market for ADMS has been segmented on the basis of type into two major segment including system and service. Service is further bi-furcated by three types, consulting, system integration and support & maintenance. Key verticals of this market are commercial and industrial.
Key findings of the study:
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