Outage Management System Report covers information regarding trends, drivers, restraints, opportunities, and threats of the market
Houston, TX -- (SBWIRE) -- 04/17/2018 -- OMS is a tool for identifying and improving the efficiency of restoration and communication with customers. 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.
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.
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Top Key Vendors:
Solution, Gartner, Power System Engineering Inc, Survalent, OATI, DNV GL, Futura System Inc, Open Systems International Inc, SEDC, Siemens, Hexagon Safety and Infrastructure, Oracle
OMS helps in analyzing outage events, calculate restoration time, and providing reliable outage report. The outage management functions as outage notification, outage verification, system restoration, and restoration verification. OMS supports in improving operational efficiencies and communications, and vastly increasing the speed of trouble analysis, allowing managers to make better and faster decisions thereby reducing the dispatching bottlenecks that occur during high-volume outage conditions. The global energy demand driven by the urge to increase customer satisfaction is expected to boost the growth of OMS. However, the lack of reliable and timely outage reporting, slow restoration when outages are nested, and the time spent in diagnosing single-customer, hampers the growth of this market.
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.
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Table Of Content:
Chapter 1 Outage Management System Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
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