The advanced distributed management system market size is projected to reach US$ 12.47 billion by 2031 from US$ 2.73 billion in 2023. The market is expected to register a CAGR of 20.9% in 2023–2031. The rapid growth in the electric vehicle market and government towards the implementation of smart grids are likely to remain key to advanced distributed management system market trends.
There is a rise in demand for solutions that offer high reliability, enhanced power quality, renewable energy sources, and data security. This factor contributes to the demand for advanced distribution management systems. In addition, the customers demand technology and solutions that can handle the disrupted flow of power, which further leads to advanced distribution management systems market growth. The growing demand for electric vehicles and demand for safe and reliable integrated single platform foster the market growth further. The requirement to minimize the power cost and minimize power losses leads to the adoption of an advanced distributed management system.
A number of utilities are now implementing advanced distribution management systems (ADMS), a software platform that integrates multiple utility systems and automates outage restoration and distribution grid performance. ADMS functions may also include automated fault location, isolation, and service restoration (FLISR), conservation voltage reduction, peak demand management, and volt/volt-ampere reactive (volt/VAR) optimization. In addition, an ADMS converts utilities from paperwork and manual process systems to systems that use real-time or near-real-time data, automated processes, and unified systems.
The proliferation of electric vehicles fosters the adoption of advanced distributed management systems. The advanced distributed management system contributes to better planning for increased deployment, as well as the connection of distributed generation and electric vehicles. This feature optimizes capital expenditures for network reinforcement and automation, as well as filtering and reporting for historical analysis. It includes network modeling and analysis transmission and sub-transmission capabilities that can be deployed as a fully integrated or standalone system.
With the rising need for efficient energy worldwide, smart grid technologies are implementing across the globe. An advanced distributed management system helps to optimize energy consumption and recognizes grid problems to help with the efficient transportation of data and power. Therefore, the growth in the construction of smart cities and the government's focus on increasing carbon efficiency are some of the major factors fueling the installation of smart grids and which further drive the advanced distributed management system market. Some of the government initiatives that drive the implantation of smart grids are the US’s Smart Grid Investment Grant (SGIG) Program and the Smart Grid Demonstration Program (SGDP), IndiaSmart Energy Grids and Storage(SEGS) programs, and India EU Integrated Local Energy Systems.
Key segments that contributed to the derivation of the advanced distributed management system market analysis are type, grid type, and vertical.
The geographic scope of the advanced distributed management system market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Asia Pacific region is expected to grow with the highest CAGR. The proliferation of smart grid initiatives by the government leads to the installation of smart grid. The growing electric vehicle market in the region fuels the demand for solutions that helps in advanced planning and analysis of power management, driving the use of advanced distributed management system technology.
The regional trends and factors influencing the Advanced Distributed Management System Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Advanced Distributed Management System Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 2.73 Billion |
| Market Size by 2031 | US$ 12.47 Billion |
| Global CAGR (2023 - 2031) | 20.9% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Advanced Distributed Management System Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Advanced Distributed Management System Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Advanced Distributed Management System Marketis evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
The “Advanced Distributed Management System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The global advanced distributed management system market was estimated to be US$ 2.73 billion in 2023 and is expected to grow at a CAGR of 20.9% during the forecast period 2023 - 2031.
The rapid growth in the electric vehicle market and the government's towards the implementation of smart grids are the major factors that propel the global advanced distributed management system market.
Integration with artificial intelligence is anticipated to play a significant role in the global advanced distributed management system market in the coming years.
The key players holding majority shares in the global advanced distributed management system market are GE DIGITAL; Hitachi Energy Ltd.; Operation Technology, Inc.; Schneider Electric; and Siemens.
The global advanced distributed management system market is expected to reach US$ 12.47 billion by 2031.
The incremental growth expected to be recorded for the global advanced distributed management system market during the forecast period is US$ 9.73 billion.