Outage Management System Market Highlights
Outage Management System Market is projected to be worth USD 4.41 billion by 2030, registering a CAGR of 21.3% during the forecast period (2022 – 2030).
Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.
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Market Research Analysis
North America is the largest growing market
On the basis of regions, global outage management system market is segmented into North America, Europe, Asia-Pacific and RoW. North America dominates the global outage management system market, followed by Europe. Reduction in the costs associated with outages and crew management with easy-to-generate historical statistics and faster restoration of power are some factors driving the growth of the market in North America region. This region is expected to grow at a significant pace during the forecast period. Asia-pacific region is expected to grow at good pace mainly due to the growing investment in smart grid developments. European region and Rest of the World are expected to witness steady growth over the forecast period.
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.
By Type
By End User
Key Players
The key players of global outage management system market include ABB Ltd. (Switzerland), General Electric Company (U.S.), Oracle Corporation (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Intergraph Corporation (U.S.), Advanced Control Systems Inc. (U.S.), CGI Group (Canada), Survalent Technology Corporation (Canada) and S&C Electric Company (U.S).
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Industry/Innovation/Related News:
Nov.22, 2021 — GE Digital announced its partnership with New Zealand’s Counties Energy, an electricity distribution network provider, to implement its advanced distribution management system (ADMS) as part of its digital utility transformation program.
Under the partnership, GE would implement its ADMS solution in combination with the utility’s existing implementation of its Digital’s Smallworld Electric Office, a network-based Geographic Information System (GIS). This will help Counties Energy drive greater reliability, resiliency and flexibility for its network assets through richer multi-source data.
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