The global advanced distribution management system market is expected to grow from US$ 963.5 million in 2017 to US$ 3,852.2 million by 2025 at a CAGR of 19.10% between 2018 and 2025.
Usage and execution of advanced distribution management system is increasing in public utilities because as per the demand of customers looking for improved power quality, higher reliability, security of their data, renewable energy sources, flexibility at the time of occurrence of natural disasters to recover into normal function and other dangers acting as a troublemaker in the flow of power and their lifestyles. Even matching up with demand for energy from different sources in 21st-century, users need ADMS, which is a unique set of circumstances fulfilling all requirements. All these factors are complementing the growth of Advanced Distributed Management System Market.
Asia Pacific is foreseen to exhibit prime growth rate in Advanced Distributed Management System Market during the forecast period
In Asia-Pacific, during the latter years the countries such as South Korea, Japan, and Australia, have exhibited considerable growth in their efforts to enhance their utility network systems. For instance, in South Korea the government pronounced its aim to reduce CO2 level by 30% till 2020. In order to achieve this the government of South Korea collaborated with private companies to initiate the national smart grid project on Jeju Island. This joint venture invested an approximate amount of US$ 240 billion. More such projects across the APAC region, particularly in southeastern part of the region is anticipated to elevate the demand for Advanced Distributed Management System Market in APAC.
Commercial sector to dominate the Advanced Distributed Management System Market globally
The commercial sector across the globe is undergoing huge transformation owing to its integration with evolving technologies, which has subsequently sky rocketed the demand for advanced utility management. Further, the increasing case of illegal consumption of electricity, particularly in underdeveloped and developing regions has been causing commercial loss, thus, it has become highly critical to digitalize the electricity distribution in commercial sector.
The commercial sector globally is expected to spur during the coming years particularly in the residential sector. Apart from residential sector, other sub sectors in commercial segments like vehicle electrification will also be the key demand generators for advanced distributed management system market. The massive fragment of commercial sector in the Advanced Distributed Management System Market is majorly attributed to its key contribution to the world economy, which makes it critically important for the energy market.
Market initiative was observed as the most adopted strategy in global Advanced Distributed Management System Market. Few of the recent strategies by some of the players in Advanced Distributed Management System Market landscape are listed below-
2017: Open Systems International Inc. has been awarded a contract for delivering advanced distribution management system to Bhutan Power Corporation Limited. This will be used by the Bhutan Corporation to deliver electricity to city’s 115,000 inhabitants.
2017: Schneider Electric SE signed MoU with Saudi Electricity Company to provide high quality products and solutions which are specially designed for utility market.
2017: Advanced Control Systems, Inc. announced its partnership with PSI Software AG, global provider of software solutions for utilities and other industries. This combined the EMS of PSI with ADMS of ACS to provide a better management system across the Americas.
Global Advanced Distributed Management System Market SegmentationBy Type