Global Outage Management System Market, By Component (Software System, Communication System), Type (Standalone OMS, Integrated OMS), Application (Commercial, Industrial, Household), End User (Public Utilities, Private Utilities), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Outage Management System Market
Outage management system market is expected to reach USD 3,365.57 million by 2028, witnessing market growth at a rate of 16.60% in the forecast period of 2021 to 2028. Data Bridge Market Research report on outage management system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Outage management systems is a tool to recognise and enhance the efficacy of consumer restoration and communication. OMS integrates with systems such as supervisory control and data acquisition system (SCADA), automatic meter reading (AMR), distribution automation (DA) system, customer information system (CIS), interactive voice response system (IVR), advanced metering infrastructure (AMI) and geographic information system (GIS) for outage management.
Increasing demand for grid reliability, rising regulatory scrutiny and stringent compliance norms, growing focus on electricity transmission optimization along with increasing demand for reliable and uninterrupted power supply, and an increase in energy demand, increase in the installed power generation capacity around the globe in the public utility sector, growing advancements in the use of software and internet-of-things are some of the major as well as vital factors which will likely to augment the growth of the outage management system market in the projected timeframe of 2021-2028. On the other hand, integration of outage management systems with smart devices along with surging levels of investment in smart grid which will further contribute by generating massive opportunities that will lead to the growth of the outage management system market in the above mentioned projected timeframe.
Lack of financial incentives along with interoperability and standard interface which will likely to act as market restraints factor for the growth of the outage management system in the above mentioned projected timeframe. Low adoption of smart technologies which will become the biggest and foremost challenge for the growth of the market.
This outage management system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on outage management system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Outage Management System Market Scope and Market Size
Outage management system market is segmented on the basis of component, type, application and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Outage management system market on the basis of component has been segmented as software system, and communication system.
- Based on type, the outage management system market has been segmented into standalone OMS, and integrated OMS. Integrated OMS segment will hold the largest share in the growth of the market due to the shifting interest towards advanced applications, such as advanced distribution management system (ADMS).
- Outage management system has also been segmented on the basis of end user into public utilities, and private utilities. Public utilities segment will hold the largest share in the growth of the market due to the provision of outage management systems at reasonable rates as compared to private utilities.
- Based on application, the outage management system market has been segmented into commercial, industrial, and household.
Outage Management System Market Country Level Analysis
Outage management system market is analysed and market size, volume information is provided by country, component, type, application and end user as referenced above.
The countries covered in the outage management system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the outage management system market due to the decreasing costs associated with outages and crew management with easy-to-generate historical statistics and faster restoration of power in the region while Asia-Pacific region will expect to grow in the outage management system market during the forecast period of 2021-2028 due to the surging levels of investment in the smart grid development, rising primary energy consumption along with maximizing customer retention and increasing profit for the electricity distributor in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Outage Management System Market Share Analysis
Outage management system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to outage management system market.
The major players covered in the outage management system market report are ABB; General Electric; Oracle; Schneider Electric; Siemens; CGI Inc; Advanced Control Systems, Inc.; FUTURA SYSTEMS, INC.; Intergraph Corporation; Milsoft Utility Solutions.; Survalent Technology Corporation; S&C Electric Company; Open Systems International, Inc.; FirstEnergy Corp.; Hexagon AB; Kaihen.; Westinghouse Electric Company LLC.; Power System Engineering, Inc.; Ripley Power & Light Company; SEDC.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-