Global Smart Grid with ADMS Solution Report The latest business intelligence study by FMI suggests that the global market of Smart Grid with ADMS Solution reached US$ XX in 2019 with a CAGR of ~ XX% from 2019 to 2029 (Forecast period). The research study focuses on the drivers, restraints, opportunities and trends impacting the Smart Grid with ADMS Solution. All the relevant vendors running in the Smart Grid with ADMS Solution are examined based on market share and product footprint. Key players include- Siemens AG, Oracle, GE Digital, Schneider Electric, Survalent Technologies, and Etap, and others.
Advanced distribution management systems have significantly benefitted users looking for efficient data security, higher reliability, improved power distribution, and flexibility in restoring normal functions after a natural disaster. These systems provide situational intelligence that ensures efficient and reliable smart grid analysis and management during a rapidly changing network. The adoption of advanced distribution management systems is increasing in smart cities, as these systems manage, control, optimize, visualize, and automate distribution networks. The global advanced distribution management systems market is expected to witness a CAGR of 19% over the forecast period (2019-2029).
The report "Outage Management System Market by Type (Integrated and Standalone OMS), Component (Software and Communication System), End User (Public and Private Utilities), and Region - Global Forecasts to 2021", The outage management system market is expected to grow from an estimated USD 493.7 Million in 2016 to USD 1,148.6 Million by 2021, at a CAGR of 18.4%. The global market is set to witness growth owing to increasing grid reliability and smart grid deployments, which will lead to significant investment for the upgrade and replacement of the existing T&D infrastructure.
The global outage management market is projected to grow at a CAGR of 18.4% from 2016 to 2021, to reach a market size of USD 1,148.6 Million by 2021. This growth is attributed to rising demand for grid reliability and high-cost of outages.
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