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Market Overview:
The Advanced Distribution Management System Market size is estimated to reach $11.7 billion by 2030, growing at a CAGR of 20.8% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Advanced Distribution Management System Market Size, Share & Trends Analysis Report- By Product Type (Software, Services (Integration and Implementation, Support and Maintenance Services and Consulting, Others)), By Deployment (On-Premises and Cloud), By Organization Size (Large Enterprise and SMEs), By End Use Industry (Energy and Utilities, IT and Telecommunications, Manufacturing, Healthcare and Life Sciences, Retail, Defense and Government, Infrastructure, Transportation and Logistics and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
Increasing demand for renewable energy integration and distributed energy resources (DERs) management and the growing need for grid reliability and efficiency improvements are fueling the growth of the Advanced Distribution Management System industry during the forecast period.
North America Dominated the Market in 2023:
North America is the largest market for Advanced Distribution Management Systems (ADMS), holding a significant share of 39% in 2023. This dominance is primarily driven by the region's urgent need to modernize aging infrastructure, which is crucial for managing complex energy networks efficiently. Utilities are increasingly adopting ADMS to enhance grid reliability and optimize asset performance while integrating renewable energy sources. The comprehensive capabilities of ADMS, including real-time monitoring and predictive analytics, empower utilities to address operational challenges effectively, thereby ensuring reliable energy distribution and exceptional customer satisfaction across extensive transmission and distribution networks.
Advanced Distribution Management System Market: Key Takeaways
Increasing Demand for Renewable Energy Integration and Distributed Energy Resources (DERs) Management is Driving the Market Growth:
As the world increasingly embraces sustainable energy, utilities are focusing on integrating renewable sources like solar and wind into the power grid. This transition demands sophisticated management systems to address the intermittent and decentralized nature of these resources. Advanced Distribution Management Systems (ADMS) facilitate real-time monitoring, control, and optimization of Distributed Energy Resources (DERs), ensuring grid stability and efficiency. The growth of prosumers—consumers who also generate energy—further emphasizes the need for dynamic supply-demand balancing systems. For example, Oracle's ADMS enhances grid reliability by integrating DERs, supporting technologies such as rooftop solar and battery storage, ultimately fostering a resilient modern grid
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Market Growth Driven by Growing Need for Grid Reliability and Efficiency Improvements:
Modern power grids are becoming increasingly complex due to the integration of renewable energy sources, smart meters, and the demand for reliable power supply. Advanced Distribution Management Systems (ADMS) tackle these challenges by offering predictive analytics, advanced control capabilities, and real-time monitoring to enhance grid performance and resilience. In February 2024, Schneider Electric emerged as a leader in grid modernization with its innovative DERMS and AI-driven solutions, recognized for their efficiency and reliability. Their IoT-enabled architecture supports the rapid growth of distributed energy resources like solar and wind. Enhanced grid reliability is vital for weather resilience while improving operational efficiency reduces costs.
Scope of the Report:
Recent Developments:
• In January 2024, Fujitsu Limited and YE DIGITAL CORPORATION collaborated to offer distribution center services, combining Fujitsu's WMS with YE DIGITAL's WES MMLogiStation to enhance logistics efficiency in Japan. This partnership aims to reduce labor shortages and strengthen sustainable supply chains by facilitating the adoption of automated facilities and streamlining distribution center operations.
Advanced Distribution Management System Market: Competitive Landscape
Key companies profiled in the Advanced Distribution Management System Market are ABB Ltd., General Electric Company, Capgemini SE, Schneider Electric SE, Indra Sistemas, Oracle Corporation, Siemens AG, Survalent Technology Corporation, Hitachi Energy Ltd., Trimble Inc., and others.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
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Mr. Venkat Reddy
IndustryARC
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