An advanced distribution management system (ADMS) is a software platform capable of optimizing and managing the electric distribution system in an efficient manner. The deployment of ADMS assists utilities in minimizing their outage costs and increases the production efficiency by monitoring and communicating in a real-time environment. The demand for ADMS has increased immensely across the globe, owing to the increasing number of smart grid deployments and integration of ADMS with smart devices. Moreover, developments in infrastructure worldwide and increased ICT spending in the smart grid industry are also boosting the growth of this market. The worldwide ADMS market has shown considerable growth over the past few years, owing to the emergence of smart grid and other technologies, such as advanced metering infrastructure, outage management system, and energy management system.
The global advanced distributed management system (ADMS) market which is expected to be worth USD 687.2 Million in 2016 is projected to reach a value of USD 1,788.4 Million by 2021, growing at a CAGR of 21.1% between 2016 and 2021.
How is the ADMS market progressing, geographically?
Among regions, North America is estimated to dominate the market with the largest share, mainly due to advancements in technology and early adoption of ADMS software and services in this region. However, the market in Asia-Pacific is projected to grow at the highest CAGR over the forecast period. Furthermore, Latin America and the Middle East & Africa are likely to offer potential growth opportunities, owing increasing adoption of ADMS software & services, to the upcoming smart grid projects, increasing energy costs, new economic and political reforms of the regions, and growing employment.
What are the factors primarily driving and restraining the market growth?
The global market for advanced distribution management system is majorly driven by the rapid development of smart grids, accelerating demand for energy across the globe, growing need for enhanced customer service and utility efficiency as well as carbon efficiency and cost savings. Moreover, more than 200 upcoming smart city projects worldwide are likely to provide ample growth opportunities for ADMS vendors, service providers, software providers, and consulting companies. Furthermore, rapid industrialization in emerging economies such as India and China has led to the increased demand for energy in these regions. In addition, the demand for affordable and reliable energy has led to the upgradation of utilities to advanced technologies and enhancement their electric and distribution network, thereby increasing the adoption rate of ADMS.
However, insufficient financial incentives for utilities and interoperability and standard interface are the major factors that may act as hindrances for the growth of this market. Also, issues related to cybersecurity and resistance to change and adapting to new technologies are the key challenges faced by the leading players under this market.
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Who are the key vendors operating, and what is their key strategy to sustain in this market?
The major vendors prominent in the global ADMS market comprise ABB Group (Switzerland), Oracle Corporation (U.S.), Schneider Electric SE (France), Siemens AG (Germany), and Indra Sistemas (Spain). These players are adopting various strategies, such as mergers & acquisitions, expansions, joint ventures with partnerships, and new product launches in order to strengthen their hold on the market. Partnerships and new product launches have been at the forefront among the aforementioned strategies, accounting for more than half of the market share. In November 2015, Alstom’s power and grid business was acquired by General Electric (GE), which helped in transforming GE’s services in the energy sector. Also, in December 2015, GE and American Electric Power (AEP), which is the largest electric utility provider in the U.S., launched the Integrated Distribution Operating Platform (IDOP).
