Global Outage Management Systems Market Overview:
Outage management systems (OMS) are a variety of computer-aided systems used by electrical distribution systems. These systems are primarily used by the grid and distributed system supervisors to return power to the grid. These systems identify outages and provide instant alerts. Moreover, they also record the history of outages throughout the operations and provide real-time insight into the systems. The need for efficient networking of distributed systems is driving the market demand. Some of the key players profiled in the study are ABB Ltd. (Switzerland), General Electric Company (United States), Oracle Corporation (United States), Schneider Electric SE (France), Siemens AG (Germany), CGI Group, Inc. (Canada), Advanced Control Systems, Inc. (United States), Futura Systems, Inc. (United States), Intergraph Corporation (United States), Milsoft Utility Solutions, Inc. (United States) and Survalent Technology(Canada).
On the basis of geography, the market of Outage Management Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Private Utility will boost the Outage Management Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component , the sub-segment i.e. Software System will boost the Outage Management Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Higher Cost of Outages
- Rising Demand for Grid Reliability
- Increasing adoption of energy management systems
- Adoption of Advanced Distribution Management System (ADMS)
- Lack of Financial Incentives
- Smart Grid Investment
- Integration of Outage Management Systems with Smart Devices
- Rising Regulatory Scrutiny and Stringent Compliance Norms
- Low Adoption of Smart Technologies
Major Market Developments:
In February 2019, ETAP collaborated with Oracle to bring innovative distribution capabilities to global electric utilities. This partnership aimed to add Oracle’s storm tested NMS outage management capabilities with ETAP’s platform.
The leading companies in outage management systems have advantages such as better performance, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of the high-end market. As competition intensifies, prices gap between different brands will go narrowing. The key players rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation, and sourcing strategies to enhance their market share.
New Entrants/Investors, Analysts and Strategic Business Planners, Outage Management Systems Providers, Power Associations, Venture Capitalists and Private Equity Firms and Government Regulatory and Research Organizations
Major Objectives Focused through this Study
To define, describe, and forecast the Global Outage Management Systems market on the basis of product [Integrated and Standalone] , application [Geographic Information System Display and Operations/Customer Service], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Outage Management Systems market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Outage Management Systems industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Phoenix Energy Group (United States) and Telvent GIT, S.A (Spain).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Outage Management Systems market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.