NEW YORK, June 20, 2016 /PRNewswire/ — “Increasing demand for energy as well as cost efficiency across the globe are some of the factors expected to drive the Advanced Distributed management System (ADMS) market”
The ADMS market size is estimated to grow from USD 687.2 million in 2015 to USD 1,788.4 million by 2021, at a Compound Annual Growth Rate (CAGR) of 21.1% due to the increasing adoption of smart grids across the world. Increasing smart grid deployments in Asia-Pacific (APAC), such as Sino-Singapore Tianjin Eco-city in China, Yokohama Smart City Project in Japan, and Orga Smart Grid System Trial in Philippines, and high technological spending in North America and Europe, are also driving the growth of the market.
“System integration services segment is expected to dominate the market during the forecast period”
In 2016, system integration services segment is expected to dominate the ADMS market by service, during the forecast period as they are responsible for the smooth operation of the process, while reducing costs and driving inefficiencies. There is an opportunity for manufacturers and system integrators to design flexible platforms by minimizing complexities that arise around various sensors, processors, and software to deliver simple user experience to the end-users.
“APAC to witness highest growth during 2016-2021”
North America is expected to hold the largest market share of the ADMS market in 2016 due to increasing spending on such energy efficiency programs coupled with regulatory government mandates in the U.S. and Canada. APAC is expected to grow at the highest growth rate during the forecast period due to rapid smart grid deployments in China, Japan, and Philippines, along with Australia, Singapore, and South Korea.
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