[Research Report] The advanced distribution management system market was valued US$ 952.0 million in 2019, it is expected to grow at a CAGR of 19.9% during the forecast period 2020 – 2027.
Smart Grid has overcome the challenges of traditional grid, such as greenhouse effect, polluted gas emission. It is a modern power generation that supports renewable energy sources such as, sun, wind, and water. Smart grid benefited from improved security, helps in reducing operational costs, help in lowering electricity rates, efficient transmission of electricity and also increased integration of large-scale renewable energy systems. Similarly, the smart grid is also capable of learning behavior of power generation, resources to optimize energy generation and to automatically maintaining voltage, power, and frequency factor on multiple points in the grid. Smart grid technologies are flourishing US market, with more than 140 companies, out of which 77.4% of smart grid technology companies are US based. Advanced metering infrastructure (AMI) and a meter data management system (MDMS) are basic components of smart grid which is responsible for data collection, storage, and management. Therefore, with the increasing need for smart grid technology and emerging technologies such as AMI, Outage Management System (OMS) and MDMS led the market growth in near future.
Impact of COVID-19 Pandemic on Advanced Distribution Management System Market
According to latest situation report from World Health Organization (WHO), the US, Spain, Italy, France, Germany, UK, Russia, Turkey, Brazil, Iran, and China are some of the worst affected countries due to COVID-19 outbreak. The outbreak first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The COVID-19 crisis is affecting the industries worldwide and the global economy is anticipated to take a worst hit in the year 2020 and likely in 2021 also. AI and big data technologies were used to strengthen the contact tracing and management of priority populations. Personal data processing is difference in every geographical location. For instance, China, US, and the European Union have different legislation for governing processing personal data of their respective citizens.
During watching the news for information Coronavirus, the individuals comes across various sensitive personal information about many patients and their family members. Even, the name of patients are not disclosed, this other information includes movement of patients, details about their previous & current health status which might result into identification of individual.
Lucrative Regions for Advanced Distribution Management System Market
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
ADMS Integration with Smart Devices
Modernization in the grid for distribution systems has the ability to monitor, control and mangling unplanned event with reliability. The integration of ADMS with smart devices has created enormous opportunity in ADMS market, as ADMS technologies are increasingly deployed to control and manage the complexities involved. The main complexities are such as increasing penetration levels of renewable generation, grid forming smart assets such as smart inverters. Therefore, the demand for ADMS integration with smart devices has been increasing.
In addition to this, grid modernization efforts for ADMS has become the primary decision support system for all utility operators to handle complexities that are increasing day by day. ADMS is enabling IT convergence with geospatial asset management, weather services, enterprise resource planning, and real-time operation and planning among others.
Moreover, mobile devices such as tablets, smartphones, iPad and more have been found to be most useful and gradually integrating into ADMS in order to provide portable and accessible medium to congregate with ADMS technology.
Type Market Insights
Based on type, the advanced distribution management system market is bifurcated into solutions and services. SCADA (Supervisory control and data acquisition) is system of hardware and software which enables the ADMS to monitor and analyse the grid in real time. The key components of SCADA are host equipment, communication infrastructure and field devices. The system uses various visualization tools such as geospatial view, one-line diagram, smart graphical user interface, and digital dashboards to display various information. With the growing inclination of industrial internet of the things (IIoT) in power generation sector the SCADA market is expected to witness significant growth during the forecast period.
Advanced Distribution Management System Market, by Type– 2019 and 2027
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Grid Type Market Insight
Based on grid type, the advanced distribution management system market is sub-segmented into high voltage grid, medium voltage grid, and low voltage grid.
The high voltage grid ranges between 36 kV and 150 kV and it differs from region to region. The transmission power is high or extra high is to increase the efficiency. Owing to improve the overall operational efficiency of power transmission across the region the integration of ADMS at high voltage grid is packing up pace gradually across the world. Furthermore, the growing concerns over carbon emissions, the governments across the globe are investing heavily to develop renewable projects. Thus, with the rising adoption of advanced technologies across the world to better management power transmission and increasing contribution renewables to the energy mix due to development of large scale solar, wind, and bio farms the high voltage grid segment is expected witness steady growth over the forecast period.
Vertical Market Insight
Based on vertical, the advanced distribution management system market is bifurcated into industrial and commercial.
As the price of electricity is growing year on year companies across the world are investing heavily to develop in-house renewable source of energy. Solar PVs is the most preferred choice of renewable followed by wind turbines, biofuel, and others in industrial sector. Further, as the renewables components get affordable coupled with government incentives in form tax rebates and subsides is projected to increase the adoption of advanced distribution management system in industrial segment. Meanwhile, the Industrial sector globally is transforming rapidly, which is mainly attributed to the burgeoning trend of IIOT (Industrial IoT) that comprises of factory automation and other relative advancements is among other factor that is driving the growth market.
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Advanced Distribution Management System Market: Strategic Insights
Market Size Value in US$ 952.0 Million in 2019 Market Size Value by US$ 3035.0 Million by 2027 Growth rate CAGR of 19.9% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Advanced Distribution Management System Market: Strategic Insights
| Market Size Value in | US$ 952.0 Million in 2019 |
| Market Size Value by | US$ 3035.0 Million by 2027 |
| Growth rate | CAGR of 19.9% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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The players operating in the enterprise content management market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In June 2019, General Electric Company announced to help two New Zealand utilities companies, Top Energy Limited and Northpower Limited, to upgrade their traditional supervisory control and data acquisition systems with General Electric’s advanced distribution management solutions (ADMS).
- In August 2019, Advanced Control Systems, Inc. announced that Fort Collins Utilities had opted for their advanced distribution management system as part of a multi-year digital transformation project. The objective is to increase the system resiliency for its customers and address the changing landscape of the utility industry.
Global Advanced Distribution Management System Segments:
Global Advanced Distribution Management System Market – By Type
- Solutions
- SCADA
- Distributed Network Analysis
- Outage Management System
- Services
- Consulting
- System Integration
- Support and Maintenance
Advanced Distribution Management System Market – By Grid Type
- High Voltage Grid
- Medium Voltage Grid
- Low Voltage Grid
Advanced Distribution Management System Market – By Vertical
- Commercial
- Industrial
Advanced Distribution Management System Market – By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- Rest of APAC
Middle East & Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
South America (SAM)
- Brazil
- Rest of SAM
Companies
- ABB Ltd.
- Advanced Control Systems, Inc. (Indra Company)
- Capgemini SE
- General Electric Company
- Oracle Corporation
- Open Systems International, Inc. (Emerson Electric)
- Operation Technology, Inc. (Etap)
- Schneider Electric
- Siemens AG
- Survalent Technology Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type , Grid Type , and Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Austria, Benelux, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, Spain, Switzerland, United Arab Emirates, United Kingdom, United States
The List of Companies - Advanced Distribution Management System Market
- ABB Ltd
- Advanced Control Systems, Inc. (Indra Company)
- Capgemini SE
- General Electric Company
- Oracle Corporation
- Open Systems International, Inc. (Emerson Electric)
- Operation Technology, Inc. (Etap)
- Schneider Electric
- Siemens AG
- Survalent Technology Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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