Advanced Distribution Management Systems Market is Slated to Increase At a CAGR of 20.0% 2022-2029

The growth of advanced distribution management systems market is driven by factors such as increasing adoption in smart grids, rapid development in power infrastructure, emerging Vehicle-to-Grid (V2G) technology, increasing rate of electrification and surging number of solar energy projects across developed countries.

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Highlights of Advanced Distribution Management System Market Study:

• The energy and utility industry is estimated to continue to retain significant market share in all segments by industry during the forecast period owing to optimized energy distribution, reduced power loss and minimal power shortage.
• Among all applications, fault location and isolation and service restoration are estimated to register a notable CAGR as FLISR reroutes power to reduce power supply failures, power outages and other failures.
• Asia Pacific excluding Japan is witnessing impressive growth rates in the global advanced power distribution management systems market as governments in countries like China, South Korea and India strive to balance power supply and demand to ensure efficiency and cost effectiveness. .

Market growth driven by increasing rates of urbanization, industrialization and electrification

The world is witnessing an increase in the transmission, generation and distribution of energy. With the growth of the energy sector, the demand for electricity is growing at a rapid pace. In 2018, global electricity demand increased by 4% to over 23,000 TWh. Additionally, growing global urbanization is increasing the conversion rate in residential, commercial and end-use sectors, which further increases the demand for advanced distribution management systems. In addition, the rapid industrialization of various developed and emerging economies is creating demand for electricity as a major source of modern power generation.

In addition to this, strong economic growth in emerging countries such as India and China, rapid urbanization and increasing investment in these countries are also driving the market growth. The Indian government has invested US$44.9 billion in smart grid infrastructure, which is strengthening the demand for smart grid technology and thus driving the growth of the advanced distribution management system market.

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A more valuable insight into the Advanced Distribution Management Systems Market

FMI’s report on the Advanced Distribution Management Systems market covers four major segments: Solutions (ADMS Platforms and Services), Applications (Supervisory Control and Data Collection, Distribution Management Systems, Outage Management Systems, Distributed Energy Resource Management Systems, Geospatial Information Systems). Divided into sections. , fault location, isolation and service restoration), industry (transport and logistics, energy and utilities, oil and gas, manufacturing and others), and across seven regions to help readers understand and evaluate the lucrative opportunities of advanced distribution management systems. market.

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