DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Outage Management System Market by Type (Integrated and Standalone OMS), Component (Software and Communication System), End User (Public and Private Utilities), and Region - Global Forecasts to 2021" report to their offering.
The global outage management 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. This growth is attributed to rising demand for grid reliability and high-cost of outages.
Outage management systems are used in the power distribution sector. Increasing grid reliability and government initiatives toward smart grid deployments in North America and Asia-Pacific are expected to drive the outage management system market. On the other hand, lack of interoperable capability with other advanced control systems such as GIS, SCADA, and IVR is likely to hinder market growth.
The private utilities segment, based on end user, is estimated to be the fastest growing market during the forecast period. Private utilities are individually-owned or owned by a limited number of shareholders. Better fund allocation for adoption of smarter technologies provides private utilities a competitive edge over the public utilities segment.
North America is currently the largest market for outage management systems, followed by Asia-Pacific and the Middle East & Africa. The North American market is also projected to grow at the highest rate, with the U.S. expected to dominate the market. The market is driven by smart initiatives to modernize the existing grid. Advanced Distribution Management System (ADMS) is the major software application used in North America because of its high interoperable capabilities.
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).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Outage Management System Market, By Component
7 Outage Management System Market, By Type
8 Outage Management System Market, By End User
9 Outage Management System Market, By Region
10 Competitive Landscape
11 Company Profiles
- ABB Ltd.
- Advanced Control Systems, Inc.
- CGI Group, Inc.
- Futura Systems, Inc.
- General Electric Company
- Milsoft Utility Solutions, Inc.
- Oracle Corporation
- Schneider Electric SA
- Siemens AG
- Survalent Technology
For more information about this report visit http://www.researchandmarkets.com/research/l6b3zc/outage_management