The global market for Advanced Distribution Management Systems (ADMS) is expected to experience a Compound Annual Growth Rate (CAGR) of 22.4% between 2023 and 2030.
ADMS refers to a software-based solution utilized for the efficient management and control of electrical grids. It plays a crucial role in regulating electricity demand, managing energy output, and reducing outages in the distribution grid. ADMS also involves the management of distributed energy resources (DERs), integration with utility tools, and closed-loop interactions with building management systems. Its applications span across distribution management, energy management, customer information, automated meter reading (AMR), and volt control functions. ADMS offers enhanced reliability, data security, power quality, renewable energy usage, and resilience to natural disasters. Consequently, it finds extensive applications in industries such as manufacturing, energy, defense, transportation, information technology (IT), and telecommunication.
The growth of the global ADMS market is driven by two key factors. Firstly, there is a growing demand for power with an emphasis on cost-efficiency. Secondly, the increasing demand for product catalog management contributes to the rapid expansion of the market. Moreover, the rise in energy demand in residential and industrial sectors, coupled with the development of smart grids, presents lucrative opportunities for the market’s growth.
However, the market faces challenges related to data security, insufficient utility incentives, and interoperability issues, which hinder its progress.
The COVID-19 pandemic has significantly impacted the global economy and transformed work culture by necessitating remote work arrangements. It has disrupted various business sectors, including ADMS solutions. The energy sector, in particular, experienced setbacks in data collection and remote monitoring. Nonetheless, the pandemic is expected to drive market growth as it prompts utilities to reconsider their operational strategies and customer engagement approaches. Given that the energy and utility industry is deemed an essential service, the coronavirus crisis has compelled these entities to reassess their operations and adapt to new circumstances.
In this research, we will highlight some of the Top Performers in Advanced Distribution Management System (ADMS) Market.
Alstom
Alstom is a global leader in the world of power generation, power transmission, and rail infrastructure.
Capgemini
Capgemini provides consulting, technology, and digital transformation services.
ETAP
ETAP is for the design, simulation, operation, control, optimization, and automation of power systems.
Open Systems International
Open Systems International is a supplier company of open automation solutions for real-time management and optimization.
Oracle Corporation Japan
Oracle Corporation Japan engages in the development and sale of software, application, and database management systems.
