Global Outage Management System Market 2015-2019
OMS is used by power distribution operators to identify and resolve power outages. It provides power outage condition and repair status to operators, and it maintains the historical data for the future use. OMS works in combination with GIS, as well as CIS and IVR system. OMS is specifically designed to reduce the financial impact of a power blackout. OMS helps analyze the fault site and magnitude of an outage and hence allowing operators to locate and monitor fault areas.
Technavio's analysts forecast the global OMS market to grow at a CAGR of 4.1% over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the global OMS market for the period 2015-2019. It provides the segmentation of the market based on components and geography.Technavio's report, global OMS market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Outage Management System Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Outage Management System Market: ABB, Alstom, GE Digital Energy, Schneider Electric and Siemens
Other Prominent Vendors in the market are: Advanced Control Systems, CGI, Intergraph, Oracle and S&C Electric
Commenting on the report, an analyst from Technavio’s team said: “Advances in technology in various sectors are one of the positive trends seen in the market. This is visible in most power infrastructure components such as energy generation, energy storage, distribution management, and power consumption. Smart grid technology and networks include the integration of advanced technologies such as the Internet, PCs, and wireless networking, including WAN and LAN with power grids. In addition, the HAN system and in-home displays are also being implemented to enhance OMS. Therefore, an increase in the integration of smart grid technologies is likely to exert a positive effect on the market over the forecast period.”
According to the report, global companies have undertaken several large-scale projects for smart grid development. The emergence of smart grid technologies should stimulate the growth of several technologies. The smart grid sector includes smart grid applications such as smart energy meters, SCADA systems, OMS, substation automation, IT, and other communication networks. Governments worldwide are promoting the installation of smart meters for households to achieve better energy management. Smart grids help save electricity, which is lost in T&D networks. As OMS is a major part of the energy DMS, the demand for OMS will gain significant traction. Thus, increased adoption of smart grid technologies is likely to propel market growth.
Further, the report states that the complexity of OMS may impede market growth.
ABB, Alstom, GE Digital Energy, Schneider Electric, Siemens, Advanced Control Systems, CGI, Intergraph, Oracle, S&C Electric
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