Outage Management Systems
Market Overview:
Outage
management system is primarily based on the idea of a computer-controlled
system that would help operators in managing electric distribution systems to
restoration of power. This efficiency in the operational technology, along with
the ability to provide historical data, is giving the outage management system
market the much-needed thrust and capitalizing on that the market can earn a
CAR of 16.5% During the forecast period (2018-2023). Market Research Future’s
(MRFR’s) report on the Outage
Management Systems Market is claiming a smooth ride for the market in
the coming years.
Various
factors are expected to pave the outage management system market, such as its
growing incorporation to support industrial growth, inclusion of smart grids in
the technology, digitalization of the system, better expenditure capacity, and
laudable infrastructure, along with technological rise are reasons that can be
considered as significant boosters for the outage management system market. Rapid
urbanization and rising grid consistency can also impact the global outage
management system market growth in a positive way.
Outage Management Systems
Market Segmentation:
MRFR’s
report on the outage management system market relies heavily on a segmentation
based on type and end-user. Such segmentations allow a closer peek at the
outage management system market and helps in the understanding of how the
market is about to form in the coming years.
Based
on the type, the outage management system market includes integrated OMS and
standalone OMS. The integrated OMS system is expected to gain substantial
weightage during the forecast period. Advanced technologies are expected to
simplify the inclusion process of this integrated OMS system in the related
industries.
Based
on the end-user, the outage management system market incorporates public
utilities and private utilities. The public utility segment is expected to gain
substantially as high living standards are demanding for better integration of
OMS market.
Regional Market:
North
America, Europe, Asia Pacific (APAC), and Rest of the World (RoW) are four
distinct regions that have been included in the region-specific analysis of the
outage management system market. This type of segmentation is expected to
provide substantial information regarding growth pockets and opportunities they
have on offer for better growth plans.
North
America is leading the market as its infrastructure is much superior than
others and it is this infrastructure that provides easy access to the inclusion
of outage management system market. Various factors like high investment
capacity from both private and public investors, and on the machine’s part-
ability to curb cost, easy-to-generate historical statistics, quick restoration
power, and crew management capacities are features that can impact the regional
growth.
Europe
is following the same line of growth with similar features. Its research and
development capacities are quite substantial where a lot of fund is getting
disbursed in hope to get better products. The APAC region is having substantial
lead in the market. Its pace is quite extraordinary and it is gaining tailwind
from countries with emerging economies. These countries are revamping their
industries, which is providing traction for the regional outage management
system market.
Competitive Landscape:
Several
companies in the outage management system market are gaining substantially from
their own strategic decisions that primarily, solidifies their market position
and improves the holistic growth of the market. These companies are General
Electric Company (U.S.), ABB Ltd. (Switzerland), Schneider Electric SE
(France), Oracle Corporation (U.S.), Intergraph Corporation (U.S.), Siemens AG
(Germany), Survalent Technology Corporation (Canada), CGI Group (Canada),
Advanced Control Systems Inc. (U.S.), and S&C Electric Company (U.S). MRFR
listed these companies and profiled them in the discussion to understand
various trends going on in the market.
Related
Reports: https://www.feedsfloor.com/energy/global-mcb-and-mccb-market-analysis-cost-production-value-price-gross-margin-and-competition
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