The global advanced distribution management system (ADMS) market was valued at USD 850.1 million in 2018 and is expected to reach USD xx million in 2026, growing at a CAGR of 20.5% during the forecast period.
Rapid developments in smart grid, increasing energy demand across the globe, and growing requirement for better customer service & utility efficiency are expected to drive the growth of the advanced distribution management system (ADMS) market. However, data security challenges, problems of interoperability, and inadequate incentives for utilities are expected to impede the growth of the market in the future.
Advanced distribution management system (ADMS) has witnessed huge growth in recent years, owing to significant advancements in the smart grid technology which has changed the way of operating a distributed system. Companies are deploying ADMS systems due to increasing customer need for enhanced power quality, data security, and resiliency to natural disasters and other threats which interrupt the supply of power.
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The Energy & utilities sector has been facing some regulatory and customer pressure for maximizing grid efficiency to provide reliable service. As the power grid system has become gradually complex owing to the integration of distributed sources of energy and storage, these complexities have created scope for rethinking on the power distribution management. The integration of different technologies, smart meters, and distributed storage & generation have enhanced the efficiency of the advanced distribution management system (ADMS), which can be effective in managing and leveraging smooth distribution management operations.
An advanced distribution management system (ADMS) is characterized by its unique web-based user environment, which enables the operation of all functions from a common user interface. With the help of a common geospatial visualization tool, ADMS integrates the outage management process, SCADA operation, and the usage of advanced applications suite. Therefore, advanced distribution management system (ADMS) provides a flexible environment for advanced grid management which is compatible with different industry requirements.
Based on system type, the supervisory control & data acquisition (SCADA) segment is expected to grow at the highest CAGR of around xx% during the forecast period
Based on offerings, the services segment is expected to grow at the highest CAGR of around 25.0% during the forecast period
Based on services, the system integration segment accounted for the largest share in the market and held around xx% of the total market in 2018.
North America is to dominate the advanced distribution management system (ADMS) market throughout the forecast period
In November 2017, ABB (Switzerland), which is a leading player in advanced distribution management system (ADMS), chosen Digpro for a large scale ADMS project in Turkey. As a result of this partnership, ABB has the advantage of using Digpro’s geographic information systems (GIS)-based network management system in that project. Digpro’s GIS solution reduces costs and streamlines the process associated with the design. It also manages to store and maintain the geospatial network data.