Advanced Distribution Management Systems Market 2022 Outlook, Current and Future Industry Landscape Analysis 2029

The global advanced distribution management systems market is expected to witness a CAGR of 19% over the forecast period (2019-2029).

Advanced distribution management systems have significantly benefitted users looking for efficient data security, higher reliability, improved power distribution, and flexibility in restoring normal functions after a natural disaster. These systems provide situational intelligence that ensures efficient and reliable smart grid analysis and management during a rapidly changing network. The adoption of advanced distribution management systems is increasing in smart cities, as these systems manage, control, optimize, visualize, and automate distribution networks.

To remain ‘ahead’ of your competitors, request for a sample @ https://www.futuremarketinsights.com/reports/sample/REP-GB-10975

Key Takeaways of Advanced Distribution Management Systems Market Study

• The energy & utilities industry is estimated to continue to hold significant market share among all segments by industry during the forecast period, owing to optimized energy distribution, reduction in electricity losses, and minimal electricity shortages.
• Among all the applications, fault location and isolation & service restoration is estimated to register notable CAGR, as FLISR reroutes power to reduce power supply faults, power shortages, and other disturbances.
• Asia Pacific excluding Japan is witnessing an impressive growth rate in the global advanced distribution management systems market, as governments in countries such as China, South Korea, and India are trying to balance the demand and supply of power to ensure efficiency and cost effectiveness.

Urbanization, Industrialization, and Increasing Rate of Electrification Driving Market Growth

The world is witnessing an increase in transmission, generation, and distribution of energy. With growth in the energy sector, the demand for electricity is increasing at a rapid pace. In 2018, the global demand for electricity increased by 4% to more than 23,000 TWh. Also, rising urbanization on a global scale is increasing the rate of electrification at houses, commercial places, and end-use sectors, which is further boosting the demand for advanced distribution management systems. Furthermore, rapid industrialization in various developed and emerging economies is generating demand for electricity as a primary source for modern development.

Apart from this, strong economic growth in emerging countries such as India and China, combined with rapid urbanization and growth in investments in these countries, are factors propelling market growth. The Government of India has invested US$ 44.9 Bn in smart grid infrastructure, which is bolstering the demand for smart grid technology and thus, fueling the growth of the advanced distribution management systems market.

Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-10975

More Valuable Insights on Advanced Distribution Management Systems Market

FMI’s report on the advanced distribution management systems market is segmented into four major sections – solution (ADMS platforms and services), application (supervisory control & data acquisition, distribution management systems, outage management systems, and distributed energy resource management systems, geospatial information systems, and fault location and isolation & service restoration), and industry (transportation & logistics, energy & utilities, oil & gas, manufacturing, and others), across seven regions, to help readers understand and evaluate lucrative opportunities in the advanced distribution management systems market.

For critical insights, request for PDF Brochure – https://www.futuremarketinsights.com/reports/brochure/rep-gb-10975

Why Future Market Insights?

• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

FREQUENTLY ASKED QUESTIONS ABOUT ADVANCED DISTRIBUTION MANAGEMENT SYSTEMS MARKET

What are the future opportunities in the advanced distribution management systems market?

Rapid development in infrastructure and adoption of advanced distribution management systems in smart devices are anticipated to create opportunities for players in the advanced distribution management systems market.

What are the major challenges for the advanced distribution management systems market?

Aging infrastructure, interoperability issues, and inadequate standard interface in advanced distribution management systems are restricting the growth of the global advanced distribution management systems market.

Which industry will have significant revenue growth in the next five years?

The energy and utilities industry is the largest customer of advanced distribution management systems, as the industry is focusing on balancing the demand and supply of energy in order to ensure cost effectiveness and efficiency.

Which application area holds potential growth opportunities for market players?

The fault location, isolation and service restoration application holds potential growth opportunities, as FLISR reroutes power to reduce power supply faults, power outage, and other disturbances. It automatically isolates the fault zone and restores services to remaining customers by transferring them to adjacent circuits.

Which region is expected to be at the forefront in the global advanced distribution management systems market?

Asia Pacific excluding Japan is anticipated to remain at the forefront, offering high growth opportunities for players in the advanced distribution management systems market. Due to rapid industrialization in the developing countries of the region, energy demand has significantly increased, which is boosting market growth.

Who are the major companies leading the advanced distribution management systems market?

Prominent companies in the advanced distribution management systems market include Schneider Electric, ABB Group, Siemens AG, Oracle Corporation, GE Digital, Survalent Technologies, Etap, and Open Systems International.