20 Feb
2019
The "Advanced Distribution Management System Market to 2025 - Global Analysis and Forecasts by Type (Software and Service) and Vertical (Commercial and Residential)" report has been added to Research and Markets.com's offering.
Advanced distribution management system market for North America is expected to grow US$ 1208.7 million by 2025 from US$ 281 million in 2016.
Utilities requiring ADMS are investing in this technology as development and innovations are taking place on a day-to-day basis, users are fixing electric vehicles, rooftop solar photovoltaic systems, and other grid-connected devices that the utilities must provide. Utilities which are adopting ADMS, understands it as an essential part to stay in electricity business which is frequently getting change. Thus, this factor is expected to boost the boom barriers and bollards market North America.
The North America market for advanced distribution management system market will exhibit growth in near future. Some of the factors contributing to the market growth is need to modify or to replace outdated systems with advanced systems for better cost efficient option and power consumption. However, it needs a dedicated team for the deployment of a system also, integration of ADMS because new systems are complicated and need basic of IT so as to get worked and these are some of restraining factors affecting growth of advanced distribution management system market during the forecast period.
