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Advanced Distribution Management System Market Growing at a CAGR 20.2% | Key Player Schneider Electric, General Electric, Siemens AG, Hitachi, Oracle

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Advanced Distribution Management System Market Growing at a CAGR 20.2% | Key Player Schneider Electric, General Electric, Siemens AG, Hitachi, Oracle

May 30
22:29 2022
Advanced Distribution Management System Market Growing at a CAGR 20.2% | Key Player Schneider Electric, General Electric, Siemens AG, Hitachi, Oracle
Schneider Electric (France), General Electric (US), Siemens AG (Germany), Hitachi (Japan), Oracle (US), Itron (US), Landis+GYR (Switzerland), ETAP (US), OSI (US), Minsait ACS (US), Elipse Software (Brazil), Wipro (India), Survalent Technology (Canada), Tantalus (US), Hexagon Safety and Infrastructure (US), Eaton (Ireland), Mitsubishi Electric (Japan).
Advanced Distribution Management System Market by Offering ((Solutions and Services), Solutions (Outage Management System, Energy Management System), Services (Professional and Managed Services)), End User and Region – Global Forecast to 2027

MarketsandMarkets forecasts the Advanced Distribution Management System Market size to grow from USD 2.2 billion in 2022 to USD 5.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 20.2% during the forecast period. Increasing demand for safe, reliable, and efficient integrated single platform to fuel the demand for advanced distribution management systems. ADMS solutions help operators reduce the outage time, improve workers’ safety, real-time network management, improve network visibility, and increase network utility. The presence of various key players in the ecosystem has led to competitive and diverse market.

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By offering, the services segment to have the highest growth rate during the forecast period

The services segment is expected to have a higher growth rate during the forecast period. The advanced distribution management system market, by service, is segmented into professional services and managed services. The services segment is expected to witness fast growth in the future as most industry players are focusing on providing specialized services with respect to automated distribution and technology. Also, the need to increase efficiency and profitability is expected to boost their adoption in this market.

By functionality, the voltage/var segment has the highest growth rate during the forecast period

The voltage/var segment is expected to have the highest growth rate during the forecast period. The demand for these solutions can be attributed to the increasing demand for electricity, reduction in distribution losses, increasing energy generation, and distribution complexity. Increasing investments and government initiatives in distributed power generation for renewable sources such as solar and wind and installation of volt/var management projects for voltage optimization are expected to drive the market.

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Various globally established players such as Schneider Electric (France), General Electric (US), Siemens AG (Germany), Hitachi (Japan), and Oracle (US) are dominating the advanced distribution management system market. In this market various strategies such as enhancements; partnerships, expansions, new product launches, collaboration, agreements, and acquisitions; and other growth strategies adopted by the top key players.

Schneider Electric released the latest version of the EcoStruxure ADMS, EcoStruxure Power system. EcoStruxure ADMS helps to grid operators minimize the risk of downtime, manage supply and demand flexibility, and improve operational and energy efficiency. EcoStruxure Power is a comprehensive IoT-enabled architecture and platform designed to digitalize and simplify electrical distribution infrastructure, delivering reliable “always-on” power for commercial buildings, healthcare, data centers, industry, and infrastructure. The company has acquired renewable energy platform Zeigo to expand its digital procurement capabilities globally. This acquisition expanded the company’s portfolio of digital renewable energy and resource management solutions. Schneider Electric partnered with Aavin Dairy, a TCMPF Ltd. Schneider Electric’s EcoStruxure HDCS helped Aavin Dairy strengthen and improve its operational efficiency by 50%, as all its data was monitored, visualized, and turned into actionable insights.

GE Digital upgraded its Advanced Distribution Management Solutions (ADMS), a mission-critical software suite. With this latest update, GE Digital has focused on providing enhancements for Low Voltage Management, automation of Fault Location and Restoration with a Fault Location, Isolation & Service Restoration (FLISR) module, Outage Management, and training simulations. The company has also upgraded iFIX® HMI/SCADA. It is a high-performance automation software. It delivers faster time to insight and greater efficiency for industrial operations. GE Digital and National Grid ESO partnered to deploy GE digital effective inertia metering & forecasting solutions across Great Britain’s electricity network. GE Digital acquired grid management software company Opus One to help utilities bring more distributed energy resources online.

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