Press release
Outage Management System Market to Show Phenomenal Growth Rate of 16.5% by 2023
Market Highlight:
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. However, growing complexity outage management system 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 Segmentation:
• By Type; Integrated OMS and Standalone OMS
• By End User; Public and Private Utilities
• By Region
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Study Objectives of Global Outage Management System Market
• To provide detailed analysis of the market structure along with forecast for the next 5 years of various segments and sub-segments of the global outage management system market
• To provide insights about factors affecting the market growth
• To analyze the global outage management system market based on various tools such as price analysis, supply chain analysis, porter’s five forces analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies of North America, Europe, APAC, and Rest of the World (ROW) and their countries
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segment by material, by type, by application, and by region
• To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
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Competitive Analysis:
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)
• S&C Electric Company (U.S)
Target Audience
• Manufacturing Organizations
• Service Provider
• Government organizations
• Power Associations
• Research Institute / Education Institute
• Potential Investors
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Regional Analysis of Global Outage Management System Market
North America dominates the global outage management system market followed by Europe. Reducing 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 a high pace mainly due to the growing investment in smart grid developments.
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Akash Anand,
Market Research Future
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Email: akash.anand@marketresearchfuture.com
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