North America: The leading market for outage management system


Posted July 19, 2017 by Pratik_M

The global outage management system market is estimated to be USD 1,148.6 Million in 2021, and is expected to grow at a CAGR of 18.4% from 2016 to 2021.

 
The Outage Management System Market has been segmented into integrated OMS and standalone OMS, based on type. The integrated OMS segment accounted for the largest market share in 2015, and is expected to grow at a high CAGR during the forecast period.

Shifting interest towards advanced applications, such as Advanced Distribution Management System (ADMS), is expected to facilitate the demand for integrated solutions. Smart grid deployments, system upgradation, and replacement projects are expected to boost the market for integrated OMS.

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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.

The public utilities segment accounted for the largest market share in 2015, due to the provision of outage management systems at reasonable rates as compared to private utilities. The private utilities segment is expected to grow at the fastest rate during the forecast period, owing to investments in smart grid technologies such as DMS and ADMS, in which OMS is provided as a part of the bundled package. This segment is expected to create new revenue pockets for the outage management system market during the forecast period.

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Target Audience:
• Outage management system service providers
• Outage management equipment manufacturing companies
• Government and research organizations
• National and local government organizations
• Institutional investors
• Outage management service contractors and consultancies
• Power Associations

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Scope of the Report:
By Type:
• Standalone OMS
• Integrated OMS
By Component:
• Software System
• Communication System
By End User:
• Private Utility
• Public Utility
By Region:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Key Player:
Leading Players in the outage management system market include ABB Ltd. (Switzerland), General Electric Company (U.S.), Oracle Corporation (U.S.), Schneider Electric SE (France), and Siemens AG (Germany).

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Issued By pratik
Country India
Categories Business
Tags advanced distribution management systems , outage management system , outage management system market , utility outage management system
Last Updated July 19, 2017