U.S. markets closed
  • S&P 500

    -33.45 (-0.88%)
  • Dow 30

    -253.88 (-0.82%)
  • Nasdaq

    -149.16 (-1.33%)
  • Russell 2000

    -11.38 (-0.66%)
  • Crude Oil

    +0.32 (+0.30%)
  • Gold

    +0.30 (+0.02%)
  • Silver

    -0.11 (-0.55%)

    +0.0034 (+0.32%)
  • 10-Yr Bond

    -0.1210 (-3.91%)

    +0.0045 (+0.37%)

    -0.7750 (-0.57%)

    -1,510.58 (-7.45%)
  • CMC Crypto 200

    -26.65 (-6.18%)
  • FTSE 100

    -143.04 (-1.96%)
  • Nikkei 225

    -411.56 (-1.54%)

Advanced Distribution Management System Market Worth $5.6 Billion By 2027 - Exclusive Report by MarketsandMarkets™

·5 min read

CHICAGO, May 19, 2022 /PRNewswire/ -- According to a research report "Advanced Distribution Management System Market by Offering ((Solutions and Services), Solutions (Outage Management System, Energy Management System), Services (Professional and Managed Services)), End User and Region - Global Forecast to 2027", published by MarketsandMarkets™, the global Advanced Distribution Management System Market size is expected to grow from USD 2.2 billion in 2022 to USD 5.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 20.2% during the forecast period.

MarketsandMarkets Logo
MarketsandMarkets Logo

Browse in-depth TOC on "Advanced Distribution Management System Market"

303 – Tables
58 – Figures
287 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=208755199

By offering, the services segment to have the highest growth rate during the forecast period

The services segment is expected to have a higher growth rate during the forecast period. The Advanced Distribution Management System Market, by service, is segmented into professional services and managed services. The services segment is expected to witness fast growth in the future as most industry players are focusing on providing specialized services with respect to automated distribution and technology. Also, the need to increase efficiency and profitability is expected to boost their adoption in this market.

By functionality, the voltage/var segment has the highest growth rate during the forecast period

The voltage/var segment is expected to have the highest growth rate during the forecast period. The demand for these solutions can be attributed to the increasing demand for electricity, reduction in distribution losses, increasing energy generation, and distribution complexity. Increasing investments and government initiatives in distributed power generation for renewable sources such as solar and wind and installation of volt/var management projects for voltage optimization are expected to drive the market.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=208755199

North America region to account for the highest market share in Advanced Distribution Management System Market

North America is one of the prominent regions in the Advanced Distribution Management System Market. North America is expected to hold the largest share in the ADMS market due to the early adoption of cloud-based technologies and IoT by the US. The region consists of developed economies, such as the US and Canada, which have undergone digitalization to a large extent. The presence of major market players in the region such as General Electric, Oracle Corporation, Itron, and ETAP has been the key factor that has driven the market expansion. North America has long been at the forefront of smart grid technology adoption, and most utilities in the region are now either fully deployed or in the implementation or planning stages of full-scale rollouts. The continued growth in North America in the next few years would largely be driven by the large investor-owned utilities in the US market.

Key and innovative vendors in the Advanced Distribution Management System Market are Schneider Electric (France), General Electric (US), Siemens AG (Germany), Hitachi (Japan), Oracle (US), Itron (US), Landis+GYR (Switzerland), ETAP (US), OSI (US), Minsait ACS (US), Elipse Software (Brazil), Wipro (India), Survalent Technology (Canada), Tantalus (US), Hexagon Safety and Infrastructure (US), Eaton (Ireland), Mitsubishi Electric (Japan), IBM (US), AutoGrid (US), EnergyHub (US), Opus One Solutions (Canada), PXiSE Energy Solutions (US), GridBright (US), Innowatts (US), SparkMeter (US), depsys (Switzerland), mPrest (Israel)

Browse Adjacent Markets: Software and Services Market Research Reports & Consulting

Related Reports

Smart Cities Market by Focus Area, Smart Transportation, Smart Buildings, Smart Utilities, Smart Citizen Services (Public Safety, Smart Healthcare, Smart Education, Smart Street Lighting, and E-Governance), and Region (2022 - 2026)

Internet of Things (IoT) in Energy Market by Solution (Asset Management, Data Management and Analytics, SCADA, Energy Management), Service, Platform, Application (Oil and Gas, Smart Grid, Coal Mining), and Region - Global Forecast to 2025

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com 
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/advanced-distribution-management-system-market.asp 
Visit Our Website: https://www.marketsandmarkets.com 
Content Source: https://www.marketsandmarkets.com/PressReleases/advanced-distribution-management-system.asp


View original content:https://www.prnewswire.com/news-releases/advanced-distribution-management-system-market-worth-5-6-billion-by-2027--exclusive-report-by-marketsandmarkets-301550995.html

SOURCE MarketsandMarkets