Press release
Powering Resilience: Outage Management System Market Set to Surge to USD 3,365.57 Million by 2028 with a 16.60% Growth Rate
Outage Management System Market
Moreover, market analysis in the credible outage management system market report consists of competitive study, production information analysis, applications, and region-wise analysis, competitor landscape, consumption and revenue study, cost structure analysis, price evaluation and revenue analysis till 2028. A data triangulation method has been utilized for this purpose which has plentiful components such as data mining, analysis of data variable effect on the market, and primary or industry expert validation. Market analysis covered here suits the requirements of small, medium as well as large size of businesses. Large sample sizes have been exploited for the collection of data and info in the wide ranging outage management system market report.
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
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Key Growth Drivers:
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.
The report emphasizes the participation of key entities, notably:
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.
Report Scope:
Analysis of market trends influencing the global outage management system market growth.
Examination of trends within key regional and country-level markets based on type, function, and application.
Providing a comprehensive overview of the outage management system market.
Evaluation of historical, current, and projected market sizes in terms of volume and value.
Offering a neutral perspective on market performance.
Essential information for market players seeking to maintain and expand their market presence.
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Key Market Segmentation
By Component (Software System, Communication System), Type (Standalone OMS, Integrated OMS), Application (Commercial, Industrial, Household), End User (Public Utilities, Private Utilities)
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