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Outage Management System Market


Energy & Power
Transmission and Distribution

The global outage management market is projected to grow at a CAGR of 18.4% from 2016 to 2021, to reach a market size of USD 1,148.6 Million by 2021. This growth is attributed to rising demand for grid reliability and high-cost of outages.

The report segments the outage management system market into software system and communication system, on the basis of component. The communication system segment is projected to dominate the outage management system market till 2021.

The outage management system market has been segmented into integrated OMS and standalone OMS, based on type. The integrated OMS segment accounted for the largest market share in 2015, and is expected to grow at a high CAGR during the forecast period. Shifting interest towards advanced applications, such as Advanced Distribution Management System (ADMS), is expected to facilitate the demand for integrated solutions. Smart grid deployments, system upgradation, and replacement projects are expected to boost the market for integrated OMS.

The report segments the outage management system market, based on end user, into public and private utilities. The public utilities segment accounted for the largest market share in 2015, due to the provision of outage management systems at reasonable rates as compared to private utilities. The private utilities segment is expected to grow at the fastest rate during the forecast period, owing to investments in smart grid technologies such as DMS and ADMS, in which OMS is provided as a part of the bundled package. This segment is expected to create new revenue pockets for the outage management system market during the forecast period.

In this report, the outage management system market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. North America is expected to dominate the global outage management system market during the forecast period, owing to reduced operation and maintenance costs, outage prevention, and better response action in case of outages. The Asia-Pacific market is projected to grow at the second-highest CAGR from 2016 to 2021, given growing investments in grid expansion projects in order to increase the distribution grid reliability. Meanwhile, growing economies, such as India, UAE, and Saudi Arabia are the most promising markets for outage management systems.

Outage Management System Market

Lack of financial incentives could be a restraint of the outage management system market. Unlike the renewable energy generation sector, the power distribution sector is not incentivized. The lack of incentives limits a utility’s access to capital, which is available at a high interest rate. This may prevent energy efficiency initiatives from being undertaken even if they exhibit a high rate of return.

Leading players in the outage management system market include ABB Ltd. (Switzerland), General Electric Company (U.S.), Oracle Corporation (U.S.), Schneider Electric SE (France), and Siemens AG (Germany). Contracts & agreements was the strategy most commonly adopted by the top players in the market from 2012 to 2016. It was followed by collaborations & partnerships.

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