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The global advanced distribution management system market was valued at US$ 1,293.6 Million in 2022.
We expect the global advanced distribution management system market to exhibit a CAGR of 16.2% during 2023-2028.
The rising demand for efficient energy resources, such as advanced distribution management system, to optimize the performance and automating outage restoration in the distribution grids is primarily driving the global advanced distribution management system market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing deployment of advanced distribution management system to remotely control and manage electrical grids, during the lockdown scenario.
Based on the offering, the global advanced distribution management system market has been categorized into software and services. Currently, software holds the majority of the total market share.
Based on the system type, the global advanced distribution management system market can be segmented into Distribution Management System (DMS), Automated Meter Reading/Advanced Metering Infrastructure (AMR/AMI), Distributed Energy Resources Management Systems (DERMS), Energy Management Systems (EMS), Customer Information Systems (CIS), and Meter Data Management Systems (MDMS). Among these, Distribution Management System (DMS) accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global advanced distribution management system market include ABB Ltd., Alstom SA, Capgemini SE, ETAP/Operation Technology Inc., General Electric Company, Indra Sistemas S.A., Open Systems International Inc. (Emerson Electric Co.), Oracle Corporation, S&C Electric Company, Schneider Electric SE, Siemens AG, and Survalent Technology Corporation.
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