Dublin, Jan. 25, 2021 (GLOBE NEWSWIRE) -- The "Advanced Distribution Management System Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Solutions and Services), Grid Type (High Voltage Grid, Medium Voltage Grid, and Low Voltage Grid), and Vertical (Industrial and Commercial)" report has been added to ResearchAndMarkets.com's offering.
Advanced Distribution Management System Market market was valued at US$ 952.0 million in 2019 and is projected to reach US$ 3,035.0 million by 2027; it is expected to grow at a CAGR of 19.9% from 2020 to 2027.
Integration of Advanced Distribution Management Systems (ADMSs) with Smart Devices to Provide Growth Opportunities for Market.
Modernization in the grid for distribution systems has the ability to monitor, control, and mangling unplanned event with reliability. The integration of ADMS with smart devices has created enormous opportunities in the ADMS market, as ADMS technologies are increasingly deployed to control and manage the complexities involved. Some of the key complexities are increasing penetration levels of renewable generation, and grid forming smart assets such as smart inverters.
Thus, the demand for ADMS integration with smart devices has been increasing. In addition to this, grid modernization efforts for ADMS has become the primary decision support system for all utility operators to handle complexities that are increasing day by day.
ADMS is enabling IT convergence with geospatial asset management, weather services, enterprise resource planning, and real-time operation and planning. Moreover, mobile devices - such as tablets, smartphones, and iPad - have been found to be most useful and gradually integrating into ADMS in order to provide portable and accessible medium to congregate with ADMS technology.
Asia Pacific is projected to witness the highest growth rate during the forecast period. The advanced distribution management system market is segmented into type, grid type, and vertical, and geography. Based on type, the market is further bifurcated into solutions and services. The solutions segment is expected to represent the largest share of the overall market during the forecast period.
In 2019, the low voltage grid segment accounted for a substantial share in the global advanced distribution management system market. Based on vertical, the market is segmented into industrial and commercial. The commercial segment is anticipated to represent the largest share of the overall market during the forecast period.
Impact of COVID-19 Pandemic on Advanced Distribution Management System Market
The COVID-19 crisis is affecting the industries worldwide, and the global economy has witnessed the worst hit in 2020, which is likely to continue in 2021. Across all the key regions, the energy mix has moved toward renewables post lockdown measures owing to low electricity demand, primacy access to the grid via regulations, as well as low operating costs. Electricity demand and mix is expected to resume to previous trends after the release of lockdown.
ABB Ltd.; Advanced Control Systems, Inc. (Indra company); Capgemini SE; General Electric Company; Oracle Corporation; Open Systems International, Inc.; Operation Technology, Inc. (ETAP); Schneider Electric; Siemens AG; and Survalent Technology Corporation are among the major companies operating in the advanced distribution management system market.
Key Topics Covered:
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
4. Advanced Distribution Management System Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.4 Expert Opinion
5. Advanced Distribution Management System Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Energy Demand and Distributed Renewable Energy System
5.1.2 Rapid Adoption of Smart Grid Technology
5.1.3 Carbon Emission Concerns
5.2 Key Market Restraints
5.2.1 High Capital Expenditure Value
5.3 Key Market Opportunity
5.3.1 ADMS Integration with Smart Devices
5.3.2 Increasing Infrastructure Development and Smart Cities
5.3.3 Future Trends
5.4 Impact Analysis of Drivers and Restraints
6. Advanced Distribution Management System - Global Market Analysis
6.1 Global Advanced Distribution Management System Market Overview
6.2 Global Advanced Distribution Management System Market Forecast and Analysis
6.3 Market Positioning/ Market Share
7. Global Advanced Distribution Management System Market Analysis - By Type
7.2 Global Advanced Distribution Management System Market Breakdown, By Type, 2019 & 2027
7.3.2 Solutions: Advanced Distribution Management System Market - Revenue, And Forecast To 2027 (US$ Million)
188.8.131.52 Distributed Network Analysis (Dna)
184.108.40.206 Outage Management System (Oms)
7.4.2 Service: Advanced Distribution Management System Market - Revenue, And Forecast To 2027 (US$ Million)
220.127.116.11 System Integration
18.104.22.168 Support & Maintenance
8. Advanced Distribution Management System Market Analysis - By Grid Type
8.2 Advanced Distribution Management System Market, By Grid Type (2019 And 2027)
8.3 High Voltage Grid
8.4 Medium Voltage Grid
8.5 Low Voltage Grid
9. Advanced Distribution Management System Market Analysis - By Vertical
9.2 Advanced Distribution Management System Market, By Vertical (2019 And 2027)
10. Advanced Distribution Management System Market - Geographical Analysis
11. Impact of Covid-19 Pandemic on Global Advanced Distribution Management System Market
12. Industry Landscape
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
Advanced Control Systems, Inc. (Indra Company)
General Electric Company
Open Systems International, Inc. (Emerson Electric)
Operation Technology, Inc. (Etap)
For more information about this report visit https://www.researchandmarkets.com/r/opoxf8
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