The Europe Advanced Distribution Management System Market would witness market growth of 19.8% CAGR during the forecast period (2022-2028).
The ADMS test bed is a national, vendor-neutral effort to speed industry development and adoption of ADMS capabilities, financed by the Department of Energy Office of Electricity's Advanced Grid Research Program. In a realistic laboratory setting, the test bed allows utility partners, vendors to evaluate present and future ADMS, distributed energy resource management system (DERMS), and other utility management system applications.
The ADMS test bed is a platform for evaluating large-scale distributed systems and field equipment using software simulations and hardware-in-the-loop approaches to realistically depict a power distribution system to a commercial or pre-commercial ADMS. In addition, the ADMS is connected to the test bed via industry-standard communication protocols, allowing it to be implemented in a utility setting. The test bed can employ the Energy Systems Integration Facility's extensive visualization capabilities, including 3D visualization, to combine distribution system hardware for hardware-in-the-loop studies.
The Europe region has always been rich in technology and sustainable development and the regional government is making honest efforts to enhance the software market. With new technologies and approaches emerging in the country, the regional advanced distribution management systems market is rapidly evolving. France is one of the most technologically advanced countries in Western Europe. Organizations in this region are mostly large in size and involve lengthy as well as complicated operational cycle, hence, this complexity increase the demand of advanced distribution management system in such organization to better manage the distribution and logistics cycle of the firms.
With initiatives like smart cities, the region is on track to be the best in the private industry in terms of implementing modern distribution management systems solutions. As the country's population grows, so does the rate of electrification in homes, businesses, and end-use industries, creating a demand for modern distribution management systems. Furthermore, growing industrialization is boosting the demand for smart grid technologies as well as fuelling the market for advanced distribution management systems in the region during forecast period.
The Germany market dominated the Europe Advanced Distribution Management System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $404.1 million by 2028. The UK market is anticipated to grow at a CAGR of 18.7% during (2022 - 2028). Additionally, The France market would showcase a CAGR of 20.7% during (2022 - 2028).
Based on Offering, the market is segmented into Solution (Outage Management System, Energy Management System, Geographic Information System, Meter Data Management System & Distributed Energy Resources Management System, and Customer Information System) and Services. Based on Functionality, the market is segmented into Supervisory Control and Data Acquisition (SCADA), Fault Location, Isolation, & Service Restoration, Distribution Network Application, and Voltage/Var Control. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on End User, the market is segmented into Energy & Utilities, Transportation & Logistics, Telecom, Government & Defense, IT & ITeS, Manufacturing, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Advanced Distribution Management System Market will Hit $6.3 Billion by 2028, at a CAGR of 20.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, General Electric (GE) Co., Schneider Electric SE, Hitachi, Ltd., Oracle Corporation, Itron, Inc., Eaton Corporation PLC, Landis+Gyr Group AG, Wipro Limited, and Operation Technology, Inc. (ETAP).
By Offering
By Functionality
By Deployment Mode
By Organization Size
By End User
By Country
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