Advanced Distribution Management Systems Market Expected to Increase at a CAGR 19.0% through 2019 to 2029

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Advanced Distribution Management Systems Market

• March 2020

Report Id REP-GB-10975 Published On Jan 21,
2020 Category Electronics, Semiconductors, and
ICT
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Advanced Distribution Management Systems Market
Analysis
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. The global
advanced distribution management systems market
is expected to witness a CAGR of 19 over the
forecast period (2019-2029).
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Advanced Distribution Management Systems Market
Analysis
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.
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Advanced Distribution Management Systems Market
Analysis
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.
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Advanced Distribution Management Systems Market
Analysis
More Valuable Insights on Advanced Distribution
Management Systems Market FMIs 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. Press
Release Source https//www.globenewswire.com/news
-release/2020/03/11/1998792/0/en/Advanced-Distribu
tion-Management-Systems-Market-Set-for-19-CAGR-thr
ough-2029-Smart-Grid-Applications-to-Influence-Dev
elopments-Future-Market-Insights.html
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Advanced Distribution Management Systems Market
Analysis

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Advanced Distribution Management Systems Market
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