The global Outage Management System Market is expected to foresee significant growth. Asia Pacific to lead the growth!

The Outage management system Market is expected to grow at a CAGR of around 18% from 2022-2028. An outage Management System (OMS) is a computer system and software used by system operators to reduce outage time and help allocate resources for system restoration. Factors that are escalating its market growth are driven by rising global energy demand due to the expanding population and rapid urbanization rate across emerging regions. Additionally, increasing government focus on integrating outage management systems for efficient grid management would substantiate the market revenues. Smart grid technologies are increasingly becoming primitive for utilities to match the rising energy demand and help consumers to enhance their energy management capabilities. Utility technologies such as outage management systems help meet this demand.

Based on type, the outage management system market is classified into standalone OMS and integrated OMS. The integrated OMS segment caters substantial share of the market. Integration of the outage management system with advanced metering infrastructure enhances functionality and improves the outage management process. As the advanced metering infrastructure are well equipped it provides an outage management system and an outage notification message from the meter when it loses voltage.

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Based on the component, the outage management system market is categorized into a software system and a communication system. The software system segment caters to an extensive share of the market and is expected to grow at an influential rate in the forecasted period as well. It is mainly owing to the increasing advancements in the use of software and internet-of-things that are expected to increase the reliability of the outage management system.

For a better understanding of the market adoption of the outage management system industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), of World. Asia Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the vast customer network spread over a large area, which requires the need to manage power outages as they happen. An outage management system helps in accessing the information and provides a mechanism that improves consumer handling and satisfaction, thereby maximizing customer retention and increasing the profit for the electricity distributor, thereby increasing the growth of the market.

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Some of the major players operating in the market include ABB Ltd., General Electric Company, Oracle Corporation, Schneider Electric SE, Siemens AG, Intergraph Corporation, Advanced Control Systems Inc., CGI Group, Survalent Technology Corporation, and S&C Electric Company.

Global Outage management system Market Segmentation

Market Insight, by Type

• Standalone OMS
• Integrated OMS

Market Insight, by Component

• Software System
• Communication System

Market Insight, by End-User

• Private Utility
• Public Utility

Market Insight, by Region

• North America
  • The United States
  • Canada
  • Rest of North America
• Europe
  • Germany
  • The United Kingdom
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Rest of the World

Top Company Profiles

• ABB Ltd.
• General Electric Company• Oracle Corporation• Schneider Electric SE• Siemens AG• Intergraph Corporation• Advanced Control Systems Inc.• CGI Group• Survalent Technology Corporation• S&C Electric Company