Advanced Distribution Management System Market Trends

Statistics for the 2023 & 2024 Advanced Distribution Management System market trends, created by Mordor Intelligence™ Industry Reports. Advanced Distribution Management System trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Advanced Distribution Management System Industry

This section covers the major market trends shaping the Advanced Distribution Management System Market according to our research experts:

Software Segment would Experience Significant Growth and Drive the Market

  • Some software comprises features, such as the user getting a snapshot of energy spending mapped to business metrics. Some of the companies provide tools that integrate with the existing building management systems, ERP, and various other systems. Moreover, the advent of cloud-based energy management software further fuels the demand.
  • Cloud services effectively minimize operational costs of software development and maintenance and direct monetary costs, time, and spent resources on maintaining in-house IT professionals and infrastructure for gathering, storing, and analyzing energy data. Further, According to EIA, the Admin Information technology of smart grids is expected to invest USD 4.7 billion in the last year, and smart grid-related information technology investment is USD 1.9 billion. Such huge investments would create an opportunity for the software segment to grow.
  • For instance, Lenovo offers XClarity Energy Manager, a centralized policy-based energy management solution. The software helps track, manage, and plan server power utilization. It helps decrease energy costs and further control data center power usage.
  • Also, Honeywell added enhancements to its cloud-based energy management software, Inncom INNcontrol 5, with push notifications, alarms, and enhanced UI, which allows multi-property scalability for full portfolio management. INNcontrol 5 features a live dashboard with property-level data and HVAC analytics reports, as well as the status of each guestroom's room automation IoT devices, such as the thermostat, occupancy sensor, door sensor, and lighting controls.
  • Digital solutions make it possible to collect, process, and enhance the metering data in increasingly complex grids, and in this context, in March last year, Sagemcomwas selected by Groupe E for the delivery of its SICONIA Software suite, which is composed of Multi-energy and scalable Head-End System (HES) and Big data-based Meter Data Management system (MDMS). This large-scale project is the beginning of the Smart Grid journey in Switzerland and a long-term partnership with Groupe E.
Advanced Distribution Management System Market - Grid Information and Control Technology, Investment in USD Billion, United States, 2014-2022

North America is Expected to Experience Significant Growth

  • According to US Energy Information Administration, past few years, total primary energy consumption in the United States was around 98 quadrillion British thermal units (Btu), accounting for approximately 16% of total global primary energy consumption of approximately 604 quadrillion Btu. The United States had a 4% share of the global population, and the country had the world's tenth highest per capita primary energy consumption. Such huge consumption of energy would increase the production capacity of energy plants that would impact the growth of inertia systems in the region.
  • In January 2023, Landis+Gyr Technology Inc., a subsidiary of Landis+Gyr Group AG, and a U.S. investor-owned utility have signed a new agreement to modernize the company's metering software infrastructure. The utility's plans to modernize are still subject to regulatory clearance. The 20-year contract comprises meter data management software, Software as a Service, and services to support the utility's 500,000 legacy one-way communicating electric meters, and the project will eventually incorporate over 500,000 next generation smart metering devices.
  • The US Department of Defense (DOD) consumes the most energy of any federal entity, accounting for 77% of total federal government energy consumption. The control of energy is critical to DOD operations. DOD relies on energy to ensure readiness and resiliency for mission activities, from maintaining bases and training facilities to powering jets and ships. Energy efficiency-providing the same or better quality of service with less energy-can lower agency expenses over time, especially for a department like the DOD, where energy accounts for around 2% of the annual budget.
  • According to the New York State Energy Research and Development Authority (NYSERDA), enabling smart technologies and real-time energy management systems can decrease costs by an average of 15% and improve the bottom line by creating an ecosystem that reduces energy waste and boosts employee productivity. Moreover, the building sector's CO2 emission has increased over the past two years. Again, this has intensified the need to install energy management systems in buildings, keeping track with the SDS program
Advanced Distribution Management System Market - Growth Rate by Region

Advanced Distribution Management System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)