- The key vendors in the global advanced distribution management system market 2015-2019 are ABB Ltd., Alstom, GE Digital Energy, Schneider Electric, and Siemens AG
London, 20 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global advanced distribution management system market 2015-2019. The increasing usage of advanced distribution management system (ADMS) platform tools in electric cars is a critical trend observed in this market. The ADMS for electric vehicles includes functions like fault location, separation and refurbishment, maintenance through voltage reduction, and peak load management. The global advanced distribution management system market 2015-2019is expected to grow at a CAGR of 17.1% during the forecast period of 2014-2019.
Significant developments in big data analytics and increasing investment in smart grid IT are responsible for positively impacting market growth in this region. Its application in diverse sectors like power distribution and outage management also augments its adoption by various enterprises. The ADMS also provides added functionality like data analytics, where outage data analysis is used for the prompt restoration of power. Consequently, the ADMS helps in reducing the number of non-supply hours.
“Advances in technology in most power infrastructure components such as energy generation, energy storage, distribution management, and power consumption are expected to be of benefit to global advanced distribution management system market,” says Faisal Ghaus, Vice President of Technavio Research.
“Smart grid technology and networks integrate various advanced technologies, such as the Internet, computers, and wireless networking including WAN and LAN, with power grids.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
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