Advanced Distribution Management System Market To Generate Revenue worth $10,097.9 Million by 2030
- Published: June 2022
The global advanced distribution management system market is projected to generate $10,097.9 million revenue by 2030, advancing at a CAGR of 19.7% during 2021–2030. The key factors driving the industry include the escalating pace of growth in the construction and packaging industries and the surging emphasis on green construction.
Solutions Held Larger Market Share
The solution category held the larger share, of around 75%, in 2021. As there are so many types of solutions in the advanced distribution management system market, solutions are favored over services for properly managing each sector. In the utility industry, for example, a geographic information system is used. They can create databases to control grids, trace pipelines, find cable and wireless networks, and collect data for building planning.
Moreover, energy management systems will be the fastest-growing solution in the advanced distribution management system industry, with a CAGR of around 20%, in the forecast period. The rise of energy management system solutions in the ADMS market is credited to the increasing power consumption, energy price fluctuations, surging greenhouse gas emissions, and booming demand for residential energy management and building energy management systems.
Moreover, APAC is set to be the fastest-growing region globally, with a CAGR of more than 20%, in the forecast period. This will be mainly due to the region's rapidly increasing energy demand as a result of the rising scale of industrialization and urbanization. In China, the construction industry is a prominent driver of its economic development. In 2021, China's construction output accounted for more than 20% of the country's GDP.
Acquisitions and Partnerships Are Most-Effective Strategic Measures
Players in the advanced distribution management system industry have been involved in acquisitions and partnerships to remain competitive. For instance, in January 2022, Schneider Electric acquired Zeigo, a startup offering climate-tech platforms. The acquisition expands the former company’s portfolio of digital renewable energy and resource management solutions.
Moreover, in April 2022, Minsait ACS partnered with the Environmental Systems Research Institute (Esri) to focus on global growth of the energy industry using the GIS technology. Esri's geospatial and visualization insights will equip Minsait ACS customers with better data, allowing them to make better business decisions.
The major players operating in the advanced distribution management system market are Schneider Electric SE, General Electric, Siemens AG, Hitachi Ltd., Oracle Corporation, Itron Inc., Landis+GYR, ETAP, OSI, and Minsait ACS.