Outage Management System Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 1.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Outage Management System Market Analysis
The outage management systems market is expected to rise at a CAGR of more than 1.5% during the forecast period of 2020-2025. Factors such as focus on electricity transmission optimization, demand for reliable and uninterrupted power supply, and an increase in energy demand are expected to drive the outage management systems market. However, the lack of timely, dependable, and irregularities in the outage -reporting may restrain the growth of the market.
- The public utility sector is expected to be the largest segment in the forecast period. The segment applies the largest number of outage management systems to increase their electricity delivery efficiency and increase the reliability of the network. An increase in the installed power generation capacity around the globe in the public utility sector is expected to aid the growth of outage management systems.
- Increasing advancements in the use of software and internet-of-things are expected to increase the reliability of the outage management system. They may act as an opportunity for the market players.
- The Asia-Pacific region is expected to be the largest market in the forecast period due to its large public utility sector and increasing demand for energy. China and India are expected to be the largest users of the outage Management Systems in the region.
Outage Management System Market Trends
This section covers the major market trends shaping the Outage Management Systems Market according to our research experts:
Public Utility Segment to Dominate the Market
- Outage management systems or OMS are a variety of computer-aided methods that are used by electrical distribution systems. They are primarily used by the grid and distributed system supervisors to return power to the network. Outage management systems identify outage s and provide instant alerts. They also record the history of interruptions throughout the operations and provide real-time insight into the systems. The use of the outage management system provides for capabilities, especially for the public utility system, as their networks are usually older and much more complex.
- The public utility segment is investing heavily in the creation of a more structured smart grid all over the world. The outage management system is a part of the smart grid initiative and provides reliable information about the outage s and their management to the company. The investment in the creation of better grids is expected to provide growth to the outage management system.
- Primary energy consumption in the world increased by 1.3% to 583.9 exajoules, in 2019 from 576.23 exajoules, in 2018. The energy consumption is expected to increase further in the forecast period and may drive the utility sector in the outage management systems market.
- In 2019, Utilities Kingston has implemented a new outage management system (OMS) to help further improve addressing and communicating power outage s. The Survalent-ONE outage management system (OMS) pinpoints both planned and unplanned power outage s, providing accurate and timely information, both for the public and for crews as they work to restore power. The market has many different types of outage management systems, and advancements are expected to be made in the system in the forecast period.
- Hence, the Public Utility segment is expected to dominate the market in the forecast period due to the increase in energy consumption and advancements being made in the equipment.
Asia Pacific Region is expected to Dominate the Market
- The Asia-Pacific region consists of the largest installed capacity generation of energy in the world. Optimization of the large grid requires the usage of solutions like the outage management system, which is expected is expected to provide for the use and growth of the market.
- The Asia-Pacific region is the largest user of renewable energy in the world. Renewable energy sources such as solar and wind have issues with reliability, which may be managed better with the use of the outage management systems, thereby facilitating the growth of the sector.
- The Asia-Pacific utility companies usually have a vast customer network spread on a large area, which requires the need to manage the power outage s as they happen. Access to the information provides a mechanism that improves consumer handling and satisfaction, thereby maximizing customer retention and increase the profit for the electricity distributor, thereby increasing the growth of the market.
- Primary energy consumption in the Asia-Pacific region increased by 3.3% to 257.56 exajoules, in 2019 from 249.35 exajoules, in 2018. The energy consumption is expected to increase further in the forecast period and may drive the outage management systems market.
- Hence, Asia-Pacific is expected to dominate the outage management systems market due to the increase in the investments in systems related to the smart grid and rising primary energy consumption in the region.
Outage Management System Industry Overview
The outage management systems market is partially fragmented. Some of the key players in this market include ABB Ltd., General Electric Company, Schneider Electric SA, Siemens AG, and Oracle Corporation.
Outage Management System Market Leaders
-
ABB Ltd.
-
General Electric Company
-
Schneider Electric SA
-
Siemens AG
-
Oracle Corporation
*Disclaimer: Major Players sorted in no particular order
Outage Management System Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Scope of the Study
- 1.2 Market Definition
- 1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
- 4.1 Introduction
- 4.2 Market Size and Demand Forecast in USD Billion, till 2025
- 4.3 Recent Trends and Developments
- 4.4 Government Policies and Regulations
-
4.5 Market Dynamics
- 4.5.1 Drivers
- 4.5.2 Restraints
- 4.6 Supply Chain Analysis
-
4.7 Porter's Five Forces Analysis
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Consumers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitutes Products and Services
- 4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
-
5.1 Type
- 5.1.1 Standalone
- 5.1.2 Integrated
-
5.2 End-User
- 5.2.1 Public Utility
- 5.2.2 Private Utility
-
5.3 Geography
- 5.3.1 North America
- 5.3.2 South America
- 5.3.3 Europe
- 5.3.4 Asia-Pacific
- 5.3.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Strategies Adopted by Leading Players
-
6.3 Company Profiles
- 6.3.1 ABB Ltd.
- 6.3.2 General Electric Company
- 6.3.3 Oracle Corporation
- 6.3.4 Schneider Electric SA
- 6.3.5 Siemens AG
- 6.3.6 CGI Inc
- 6.3.7 Advanced Control Systems Inc
- 6.3.8 Futura Systems Inc
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityOutage Management System Industry Segmentation
The outage management systems market report include:
| Type | Standalone |
| Integrated | |
| End-User | Public Utility |
| Private Utility | |
| Geography | North America |
| South America | |
| Europe | |
| Asia-Pacific | |
| Middle-East and Africa |
Outage Management System Market Research FAQs
What is the current Outage Management Systems Market size?
The Outage Management Systems Market is projected to register a CAGR of greater than 1.5% during the forecast period (2024-2029)
Who are the key players in Outage Management Systems Market?
ABB Ltd., General Electric Company, Schneider Electric SA, Siemens AG and Oracle Corporation are the major companies operating in the Outage Management Systems Market.
Which is the fastest growing region in Outage Management Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Outage Management Systems Market?
In 2024, the Asia Pacific accounts for the largest market share in Outage Management Systems Market.
What years does this Outage Management Systems Market cover?
The report covers the Outage Management Systems Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Outage Management Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Outage Management System Industry Report
Statistics for the 2024 Outage Management System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Outage Management System analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
