Global Outage Management System Market is expected to grow at CAGR of 16.5% by 2023| Development, Growth, and Demand Forecast, 2016 – 2023

Global Outage Management System Market Information by Type (Integrated OMS and Standalone OMS), End User (Public and Private Utilities) and by Region - Forecast to 2023

Market Scenario
A computer system or an outage management system is used by operators of electric distribution systems to assist in restoration of power. It provides the capability to efficiently identify and resolve outages and to generate and report valuable historical information. Reduced outage durations due to faster restoration based upon outage location predictions increase the demand of outage management systems. Increased spending in smart grid developments, is fuelling the growth of the market.

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Market Highlights
A computer system or an outage management system (OMS) is used by operators of electric distribution systems to assist in restoration of power. It provides the capability to efficiently identify and resolve outages and to generate and report valuable historical information. OMS improves operational efficiency and communication with customers, the public and regulatory agencies. It reduces the duration of individual outages and lowers duration average by identifying outage locations automatically. It utilizes data from call centers, field crews, and AMI and SCADA systems to identify outage locations. These are some of the factors increasing the demand of OMS. Additionally, increased spending in smart grid developments is also fueling the growth of the market. However, growing complexity in OMS may hamper the growth of global outage management system market.

Global outage management system market is expected to grow at CAGR of 16.5% by 2023.

Market Research Analysis

North America is the largest growing market
On the basis of regions, global outage management system market is segmented into North America, Europe, Asia-Pacific and RoW. North America dominates the global outage management system market, followed by Europe. Reduction in the costs associated with outages and crew management with easy-to-generate historical statistics and faster restoration of power are some factors driving the growth of the market in North America region. This region is expected to grow at a significant pace during the forecast period. Asia-pacific region is expected to grow at good pace mainly due to the growing investment in smart grid developments. European region and Rest of the World are expected to witness steady growth over the forecast period.

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Scope of the Report
This study provides an overview of the global outage management system market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Outage Management System market as, type, end user and by region.

 By Type
o Integrated OMS
o Standalone OMS
 By End User
o Public Utilities
o Private Utilities

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Key Players
The key players of global outage management system market include ABB Ltd. (Switzerland), General Electric Company (U.S.), Oracle Corporation (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Intergraph Corporation (U.S.), Advanced Control Systems Inc. (U.S.), CGI Group (Canada), Survalent Technology Corporation (Canada) and S&C Electric Company (U.S).

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