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Outage management system market worth 1148.6 million USD by 2021

Outage management system market worth 1148.6 million USD by 2021

The Global Outage Management System 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.

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This growth is attributed to rising demand for grid reliability and high-cost of outages.

The report segments the outage management system market into software system and communication system, on the basis of component. The communication system segment is projected to dominate the outage management system market till 2021.

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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.

In this report, the outage management system market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. North America is expected to dominate the global outage management system market during the forecast period, owing to reduced operation and maintenance costs, outage prevention, and better response action in case of outages.

The Asia-Pacific market is projected to grow at the second-highest CAGR from 2016 to 2021, given growing investments in grid expansion projects in order to increase the distribution grid reliability. Meanwhile, growing economies, such as India, UAE, and Saudi Arabia are the most promising markets for outage management systems.

 

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Objective of Report:

  • To define, describe, and forecast the global outage management system market by type, component, end user, and region
  • To provide detailed information regarding the major factors influencing the growth of the outage management system market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the outage management system market with respect to individual growth trends, future prospects, and contribution of each segment to the market

Key Player Analysis:

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).

Contracts & agreements was the strategy most commonly adopted by the top players in the market from 2012 to 2016. It was followed by collaborations & partnerships.

Scope of Report:

The ecosystem of the global outage management system market starts with the power distribution sector. The integrated and standalone systems are deployed by electric utilities to monitor and control power distribution network across regions.

This stage is followed by the integration of outage management system with Geographical Information System (GIS), Customer Information System (CIS), Supervisory Control and Distribution Acquisition (SCADA), and other advanced network control systems, offering advanced power distribution management solutions.

 

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