The global advanced distribution management systems market size is calculated at USD 4,870 million in 2024 and is predicted to attain around USD 30,403 million by 2034, expanding at a CAGR of 20.1% from 2024 to 2034.
The advanced distribution management systems market refers to the industry that includes the software platform that helps the management and optimization of distribution systems mainly used in electric power distribution. The systems include functions like automated restoration during power outages, optimizing volt/volt-ampere reactivity, and conservation through voltage reduction, which all help to optimize the distribution grid performance. The advanced distribution management systems market growth is driven by the increasing demand for renewable energy resources, increasing demand for reliable energy distribution, expansion of the smart grid, growing urbanization, and the various regulations for energy-efficient goals.
The advanced distribution management systems market has a great growth opportunity in the future due to the advancement of technology, adoption of smart cities and IoT, high demand for grid resilience to reduce greenhouse gas emissions, and increasing integration of renewable energy. The countries like United States will be a big market for the ADMS due to the high concentration of vendors. The key restraints in the future are the high cost of investments, cybersecurity concerns, and regulatory, and policy hurdles.
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| Stats ID: | 7411 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7411 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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