HOME › Research Insight › The Advanced Distributed Management System (ADMS) Market is expected Traction Globally Owing to Huge Investments by Utility Providers for Developing ADMS technology for Business Growth
The Advanced Distributed Management System (ADMS) Market is expected Traction Globally Owing to Huge Investments by Utility Providers for Developing ADMS technology for Business Growth
The Advanced Distributed Management System (ADMS) market is expected to gain traction globally owing to huge investments by utility providers in the past decades for developing ADMS technology to build competencies for essential future businesses growth. The ADMS enables utility systems to reduce energy wastage through distribution network and runs operations to identify the energy loss factors and hence, optimizes the network to minimize energy loss. The major driving factors for the ADMS market are the evolution of local power grid to smart grid, the consumers’ growing interest toward renewable energy generation, and increasing number of regulation acts toward environment protection. However, factors such as lack of fund availability restraints the ADMS market since the initial investments required are very high. The global ADMS market is estimated to grow at a Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period of 2016–2021.
Technological giants such as ABB Group (Switzerland), General Electric (GE) Corporation (U.S.), Siemens AG (Germany), Oracle Corporation (U.S.), Schneider Electric (France), Open System International (OSI) (U.S.), Advance Control System (ACS) (U.S.), ETAP (U.S.), Indra Sistemas (Spain), and Survalent Technology (Canada) offer leading ADMS products, solutions, and services to cater to the needs and demands of the market. These players adopted various growth strategies, such as expansions, acquisitions, and joint ventures with partnerships and new product launches being the key strategies. Partnerships and new product developments have been a major strategical trend, accounting for more than half of the market share of all the growth strategies adopted by the major market players.
GE and Oracle are the two key players who adopted these strategies to grow in the market. General Electric has adopted a strategic mix of organic and inorganic growth strategies, such as new product development, partnership, acquisition, and business expansion. GE acquiring Alstom, a French multinational, was the major game changer in the ADMS market. Some of the business expansions by GE were focused mainly on the European countries of Belgium and Iceland, and it included partnerships with local utility companies. The company also launched two solutions, namely, PowerOn Advantage and IDOP for the ADMS market. These new innovations helps GE to maintain its top position and also aids to keep a competitive edge in the ADMS market.
Oracle is also one of the leading players whose main strategic move is based on strengthening its product portfolio in the rapidly growing areas of the market. The company has introduced Utility NMS under its new product development strategy. It is an ADMS solution suite that provides an integrated solution with Distributed Management Systems (DMS) and Outage Management System (OMS) into a single platform. Oracle collaborated with Survalent Technology (Canada) a global provider of ADMS solution, which integrated its SCADA technology with Oracle’s utility NMS solution to enhance its smart grid operation efficiency and customer services and satisfaction.
Advanced Distribution Management System Market by Software, by Service (Consulting, System Integration, Support and Maintenance), and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, Latin America) - Global Forecast to 2021
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