Advanced Distribution Management Systems Market : Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2022 - 2029
The Advanced Distribution Management Systems Market is predicted to reach US$ 12,102.0 Mn by 2029 and show a remarkable 20% CAGR between 2022 and 2029. Advanced distribution management systems have significantly benefitted users looking for efficient data security, higher reliability, improved power distribution, and flexibility in restoring normal functions after a n... moreAdvanced Distribution Management Systems Market : Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2022 - 2029
The Advanced Distribution Management Systems Market is predicted to reach US$ 12,102.0 Mn by 2029 and show a remarkable 20% CAGR between 2022 and 2029. Advanced distribution management systems have significantly benefitted users looking for efficient data security, higher reliability, improved power distribution, and flexibility in restoring normal functions after a natural disaster.
These systems supply situational intelligence that ensures efficient and reliable smart grid analysis and management during a rapidly switching network. The adoption of advanced distribution management systems is increasing in smart cities, as these systems manage, control, optimize, visualize, and automate distribution networks.
Key Takeaways of Advanced Distribution Management Systems Market Study
The energy & utilities industry is estimated to continue to hold significant market share among all segments by industry during the forecast period, owing to optimized energy distribution, reduction in electricity losses, and minimal electricity shortages.
Among all the applications, fault location and isolation & service restoration is estimated to register notable CAGR, as FLISR reroutes power to reduce power supply faults, power shortages, and other disturbances.
Asia Pacific excluding Japan is witnessing an impressive growth rate in the global advanced distribution management systems market, as governments in countries such as China, South Korea, and India are trying to balance the demand and supply of power to ensure efficiency and cost effectiveness.
Urbanization, Industrialization, and Increasing Rate of Electrification Driving Market Growth
The world is witnessing an increase in transmission, generation, and distribution of energy. With growth in the energy sector, the demand for electricity is increasing at a rapid pace. In 2021, the global demand for electricity increased by 4% to more than 23,000 TWh.
Also, rising urbanization on a global scale is increasing the rate of electrification at houses, commercial places, and end-use sectors, which is further boosting the demand for advanced distribution management systems. Furthermore, rapid industrialization in various developed and emerging economies is generating demand for electricity as a primary source for modern development.
Apart from this, strong economic growth in emerging countries such as India and China, combined with rapid urbanization and growth in investments in these countries, are factors propelling market growth. The Government of India has invested US$ 44.9 Bn in smart grid infrastructure, which is bolstering the demand for smart grid technology and thus, fueling the growth of the advanced distribution management systems market.
Advanced Distribution Management Systems Outlook By CategoryBy Solution :
By Application :
Supervisory Control & Data Acquisition
Distribution Management Systems
Outage Management Systems
Distributed Energy Resource Management Systems
Geospatial Information Systems
Fault Location and Isolation & Service Restoration
By Industry :
Transportation & logistics
Energy & Utilities
Oil & Gas
By Region :
Asia Pacific excluding Japan
Middle East & Africa