Global Outage Management System Market Growth Opportunities, Key Driven FactorsPosted by Jitendra Magar on January 29th, 2018 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.
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Key Players
A computer system or an outage management systems 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. Increasing demand of advanced outage management systems is accelerating the growth of the market. This system enhances public and worker safety, which is also boosting the demand of outage management systems market. The report has been analyzed based on types, applications, and regions. On the basis of types, global outage management system market is segmented into integrated OMS and standalone OMS. Out of them, integrated OMS dominates the type segment of global outage management system market. Increasing spending in smart grid developments and up gradation and replacement of the existing transmission & distribution infrastructure are fueling the demand of integrated OMS type. OMS integrates with systems such as Supervisory Control and Data Acquisition System (SCADA), Distribution Automation (DA) System, Automatic Meter Reading (AMR), Advanced Metering Infrastructure (AMI), Customer Information System (CIS), Interactive Voice Response System (IVR) and Geographic Information System (GIS) for outage management.
North America has the largest market share North America is the largest market for the Outage Management System. Whereas, outage management system market expected to grow at fastest pace in Asia-Pacific region during the forecast period. On the basis of End Use, global outage management system market is segmented into Public and Private Utilities, among which public utility accounted the largest share of the end use segment mainly due to the provision of outage management systems at reasonable rates as compared to private utilities. It is expected to grow at significant pace during the forecast period. Get Complete Report @ https://www.marketresearchfuture.com/reports/outage-management-system-market-2745
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.
o Integrated OMS o Standalone OMS
o Public Utilities o Private Utilities
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