Outage Management System Market worth 1148.6 Million USD by 2021
The global market is set to witness growth owing to increasing grid reliability and smart grid deployments, which will lead to significant investment for the upgrade and replacement of the existing T&D infrastructure.
(EMAILWIRE.COM, April 27, 2017 ) The report "Outage Management System Market by Type (Integrated and Standalone OMS), Component (Software and Communication System), End User (Public and Private Utilities), and Region - Global Forecasts to 2021", The outage management system market is expected to grow from an estimated USD 493.7 Million in 2016 to USD 1,148.6 Million by 2021, at a CAGR of 18.4%.
Browse 65 market data tables and 50 figures spread through 141 pages and in-depth TOC on “Outage Management System Market - Global Forecasts to 2021” <||>rnhttp://www.marketsandmarkets.com/Market-Reports/outage-management-system-market-38979923.html
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The communication system segment is expected to hold the largest share of the outage management system market, by component, during the forecast period
The communication system segment led the outage management system market in 2015, and is expected to grow at the fastest rate during the forecast period, owing to increasing requirement for advanced outage management systems across the globe. This segment is primarily driven by the rising demand for more reliable control systems for proper monitoring and quicker restoration, and is expected to create new revenue pockets for the outage management system market during the forecast period.
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Integrated OMS to be the largest segment in the outage management system market
With regard to the type segment, integrated OMS in the outage management system market is expected to be the largest market in 2016. Shifting interest towards advanced applications, such as Advanced Distribution Management System (ADMS), is expected to facilitate the demand for integrated solutions.
North America: The leading market for outage management system
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, given increasing smart grid initiatives in the U.S. and requirement for advanced network control systems in the region.
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To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the outage management system market. These players include ABB Ltd. (Switzerland), General Electric Company (U.S.), Oracle Corporation (U.S.), Schneider Electric SE (France), and Siemens AG (Germany). Leading players are trying to penetrate the markets in developing economies, and are adopting various strategies to increase their market share.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com
Browse 65 market data tables and 50 figures spread through 141 pages and in-depth TOC on “Outage Management System Market - Global Forecasts to 2021” <||>rnhttp://www.marketsandmarkets.com/Market-Reports/outage-management-system-market-38979923.html
Early buyers will receive 10% customization on reports.
The communication system segment is expected to hold the largest share of the outage management system market, by component, during the forecast period
The communication system segment led the outage management system market in 2015, and is expected to grow at the fastest rate during the forecast period, owing to increasing requirement for advanced outage management systems across the globe. This segment is primarily driven by the rising demand for more reliable control systems for proper monitoring and quicker restoration, and is expected to create new revenue pockets for the outage management system market during the forecast period.
Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=38979923
Integrated OMS to be the largest segment in the outage management system market
With regard to the type segment, integrated OMS in the outage management system market is expected to be the largest market in 2016. Shifting interest towards advanced applications, such as Advanced Distribution Management System (ADMS), is expected to facilitate the demand for integrated solutions.
North America: The leading market for outage management system
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, given increasing smart grid initiatives in the U.S. and requirement for advanced network control systems in the region.
Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=38979923
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the outage management system market. These players include ABB Ltd. (Switzerland), General Electric Company (U.S.), Oracle Corporation (U.S.), Schneider Electric SE (France), and Siemens AG (Germany). Leading players are trying to penetrate the markets in developing economies, and are adopting various strategies to increase their market share.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results