Advanced Distribution Management System Market by Component and Geography - Forecast and Analysis 2022-2026

The advanced distribution management system market share is expected to increase by USD 2.5 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 19.13%.

This advanced distribution management system market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the advanced distribution management system market segmentation by component (software, analytics, and services) and geographic (North America, Europe, APAC, South America, and the Middle East and Africa). The advanced distribution management system market report also offers information on several market vendors, including ABB Ltd., Advanced Control Systems LLC, Capgemini Service SAS, Cisco Systems Inc., DNV Group AS, Emerson Electric Co., ETAP Operation Technology Inc., GridBright Inc., Hubbell Inc., International Business Machines Corp., Itron Inc., Landis Gyr AG, Oracle Corp., Schneider Electric SE, Siemens AG, Survalent Technology Corp., The Companhia Energetica de Minas Gerai, General Electric Co, Xylem Inc., and Hexagon AB among others.

What will the Advanced Distribution Management System Market Size be During the Forecast Period?

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Advanced Distribution Management System Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the advanced distribution management system market.

Key Advanced Distribution Management System Market Driver

Growing demand for energy and cost-efficiency is one of the key factors driving the growth of the global Advanced Distribution Management System (ADMS) Market. The growing global population and the consequent increase in the demand for energy have led to a rise in pressure on power utility companies. These utility companies are continuously striving to strike a balance between demand and supply without the cost being affected. Hence, to maintain this balance, utility companies are deploying ADMS to increase operational and overall cost efficiency. According to the World Bank Group, in 2021, the global population was around 7.84 billion and is expected to increase by 1 billion over the next ten years. It is expected to reach 9.6 billion by 2050, and this will further increase the demand for energy resources. Consequently, the need for energy is rising, with the demand between 2005 and 2030 projected to expand by 55%.  Global energy consumption between 2005 and 2030 is expected to increase by 50%, with developing countries driving the major share of the demand. Moreover, rapid population growth can be witnessed in developing countries, with over 50% in Africa. Such factors are expected to drive the growth of the global ADMS market during the forecast period.

Key Advanced Distribution Management System Market Trend

The integration of DERMS with ADMS will fuel the global Advanced Distribution Management System Market growth. A distributed energy resource management system (DERMS) is a solution that provides power utilities with a way to manage and optimize DER and automate the business processes for DER. It is a software solution designed to organize and intelligently manage the growing number of grid resources, such as rooftop solar panels and electric vehicles. ADMS combines SCADA, OMS, fault management, and network analysis functions on a single software platform. When functionally integrated, these two distinct systems (DERMS and ADMS) can create a high-level grid control system. When these two systems are integrated, ADMS is used to manage the entire distribution grid, and DERMS is used for the efficient and sustainable management of individual feeders using the high penetration of DER. The core functionality of ADMS, in this case, would be to enable energy aggregation, allowing distribution system operators to plan and optimize distributed electricity generation with a unified view. An ADMS with an integrated DERMS will likely become the distribution utility's next key software platform. Hence, ADMS offers a complete view of the operating network, including DER, as well as indirect control of aggregated DER via DERMS for resources managed by third parties.

Key Advanced Distribution Management System Market Challenge

High implementation costs are the major challenge for the global Advanced Distribution Management System Market growth. The high cost of the integrated working environment of ADMS is a significant challenge for the global ADMS market. This high cost directly impacts companies and hinders them from focusing on the adoption and implementation of new technologies to improve distribution operations and productivity. Moreover, the cost of an ADMS implementation project varies depending on various factors, such as the level of integration, the degree of data accuracy required, and the functionalities needed. To make ADMS more seamless, a high level of integration is required, which will increase the cost even further. The operation and maintenance costs associated with new technologies after implementation are also significant. These additional expenses can be considerable for power utility companies and should be factored into the budget. This increases the cost of ADMS, which can be a challenge for various companies with limited financial budgets for IT spending. Hence, many companies, especially small and medium-sized enterprises (SMEs), find it challenging to implement ADMS. Therefore, the high implementation cost of ADMS is expected to hamper the growth of the market during the forecast period.

This advanced distribution management system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the as global advanced distribution management system market as a part of the global IT consulting and other services market within the global IT services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the advanced distribution management system market during the forecast period.^^^

Who are the Major Advanced Distribution Management System Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• ABB Ltd.
• Advanced Control Systems LLC
• Capgemini Service SAS
• Cisco Systems Inc.
• DNV Group AS
• Emerson Electric Co.
• ETAP Operation Technology Inc.
• GridBright Inc.
• Hubbell Inc.
• International Business Machines Corp.
• Itron Inc.
• Landis Gyr AG
• Oracle Corp.
• Schneider Electric SE
• Siemens AG
• Survalent Technology Corp.
• The Companhia Energetica de Minas Gerai
• General Electric Co
• Xylem Inc.
• Hexagon AB

 

This statistical study of the advanced distribution management system market encompasses successful business strategies deployed by the key vendors. The advanced distribution management system market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• global.abb - The company offers industrial software solutions with operational excellence, process performance, asset performance, and cyber security.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this report provides a detailed analysis of several leading Companies.

Advanced Distribution Management System Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the advanced distribution management system market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

The value chain of the global IT services market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for the Advanced Distribution Management System Market?

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37% of the market’s growth will originate from North America during the forecast period. The US is the key market for advanced distribution management system market in North America. Market growth in this region will be slower than the growth of the market in regions.

Growing demand for energy and cost-efficiency will facilitate the advanced distribution management system market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The US was the most affected country by the pandemic in the region in 2020 and the first half of 2021. Many people in the region were restricted in their homes and worked remotely. This reduced the demand for electricity from industrial and commercial establishments. Many industrial operations in the region were partially shut down due to the pandemic in 2020 and the first half of 2021.  However, the initiation of large-scale vaccination drives and various government initiatives led to the lifting of lockdown restrictions in 2021. This resulted in the resumption of business operations, which increased the demand for ADMS in the region. Such factors are expected to drive the potential growth of the market in the region during the forecast period.

What are the Revenue-generating Component Segments in the Advanced Distribution Management System Market?

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The advanced distribution management system market share growth in the software segment will be significant during the forecast period. In 2021, the software segment held the largest share of the global ADMS market. ADMS provides software for the safe and secure management and orchestration of the distribution grid and delivers reliability, productivity, and efficiency through modular architecture, adaptive algorithms, and predictive analytics for autonomous operations and an optimized distribution grid.

This report provides an accurate prediction of the contribution of all the segments to the growth of the advanced distribution management system market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Advanced Distribution Management System Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 19.13%
Market growth 2022-2026	$2.5 billion
Market structure	Fragmented
YoY growth (%)	18.01
Regional analysis	North America, Europe, APAC, South America, and the Middle East and Africa
Performing market contribution	North America at 37%
Key consumer countries	US, China, Germany, France, and the UK
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	ABB Ltd., Advanced Control Systems LLC, Capgemini Service SAS, Cisco Systems Inc., DNV Group AS, Emerson Electric Co., ETAP Operation Technology Inc., GridBright Inc., Hubbell Inc., International Business Machines Corp., Itron Inc., Landis Gyr AG, Oracle Corp., Schneider Electric SE, Siemens AG, Survalent Technology Corp., The Companhia Energetica de Minas Gerai, General Electric Co, Xylem Inc., and Hexagon AB
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Advanced Distribution Management System Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive advanced distribution management system market growth during the next five years
• Precise estimation of the advanced distribution management system market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the advanced distribution management system industry across North America, Europe, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of advanced distribution management system market vendors

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