Global Outage Management Systems Market 2017-2021

Overview of the global outage management systems market

Market research analysts at Technavio predict that the global outage management systems market will grow steadily at a CAGR of over 5% by 2021. This market research analysis identifies the deregulation of the power market as one of the primary growth factors for this market. The recent deregulation of the power market gave rise to generation companies (GENCO), distribution companies (DISCO), transmission companies (TRANSCO), and independent system operators (ISO). The changes in the industry compelled utilities providers to specialize in either power generation, transmission, or distribution. Outage management systems help the crew in restoring the power at a faster rate and in improving the ratings and reliability of the grid.

The increasing adoption of energy management systems is one of the latest trends that will gain traction in the outage management systems market in the coming years. To aid transition utilities, energy companies are changing the functioning of grids and are improving each part of the value chain by implementing IT technology solutions to improve the functionality. These systems help in collaborating and transforming grids to accommodate low carbon polluting technologies such as renewables, distribution generation, and energy storage for power generation, making power generation more multi-dimensional than before.

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Competitive landscape and key vendors

The outage management systems market is a fragmented market and includes many prominent vendors as well as new vendors who offer efficient solutions and high integration of advanced technologies to make the grid more efficient and reliable.

The leading vendors in the market are -

• ABB
• General Electric
• Open Systems International
• Schneider Electric
• Siemens

The other prominent vendors in the market include Advanced Control Systems, CGI Group, FirstEnergy, Hexagon, Kaihen, Milsoft Utility Solutions, mPower Innovations, National Information Solutions Cooperative, Operation Technology, Oracle, Power System Engineering, Ripley Power & Light Company, SEDC, Silver Spring Networks, Survalent Technology, and Westinghouse Electric.

Segmentation by application and analysis of the outage management systems market

• Software application
• Services application

During 2016, the software application segment accounted for the major shares of this market. Consumers and businesses have become highly dependent on grid power and demand a highly reliable power supply. Utilities are employing sophisticated software to analyze and generate valuable information to help the crew with increased situational awareness; thus, helping them to complete the restoration task in a safer and efficient manner.

Geographical segmentation and analysis of the outage management systems market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. In Asian countries such as China, India, Japan, and Pakistan, strong emphasis is being placed on smart grid technologies to improve asset utilization and the reliability of the grid systems as these countries are expected to be some of the largest smart grid markets during the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global outage management systems market?
• What are the key market trends impacting the growth of the global outage management systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global outage management systems market?
• What are the market opportunities and threats faced by the vendors in the global outage management systems market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global outage management systems market?

Technavio also offers customization on reports based on specific client requirement.

An outage management system helps identify and resolve power outages by generating and reporting valuable historical data. It also helps power utilities to inform customers of the power outage situation and restoration status. This upcoming market research report on the outage management systems market is an integral part of Technavio's energy industry and offers insights into niche segments like the smart grid sector.

According to our market research analysts, With recent innovations in the energy industry, the popularity for smart grids has increased substantially over the last few years. Generally, a smart grid focuses on the modernization of the power grid, using the upcoming digital technology, which helps in minimizing transmission and distribution losses and optimize available energy resources. Our industry and competitive analysis help clients understand the impact of the blowout preventer market on the oil and gas industry. 

To correctly estimate the growth of the outage management systems market, the market research analysts at Technavio follow a scrupulous approach to primary and secondary research and analyze the data collected from various sources including industry experts, research journals, and manufacturers. Additionally, to offer clients insights into the competitive landscape, this market report on the outage management systems market also covers vendors like ABB, General Electric, Oracle, Schneider Electric, and Siemens. Our market research analysts believe that the rising investments in smart grid IT and progress in the big data analytics sector may impact the outage management systems market during the next few years. 

This upcoming market research report on the outage management systems market also identifies the key influencers, the emerging trends, and the pain points faced by the vendors in the smart grid sector. Furthermore, to give a complete picture of the industry's growth prospects, the report also provides detailed insights on the changing competitive landscape and the strategies followed by the major players to establish their presence in the global market.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.