Market Size of Outage Management Systems Industry
| 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 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 Systems Market Size Summary
The outage management systems market is poised for growth, driven by the increasing demand for reliable and uninterrupted power supply, alongside a focus on optimizing electricity transmission. These systems, essential for electrical distribution, help in identifying outages, providing instant alerts, and offering real-time insights, which are crucial for managing older and complex public utility networks. The public utility sector is anticipated to be the largest segment, as it invests in smart grid initiatives to enhance electricity delivery efficiency and network reliability. However, challenges such as irregularities in outage reporting may hinder market expansion. The integration of advanced software and Internet-of-Things technologies presents opportunities for market players to enhance system reliability.
The Asia-Pacific region is expected to lead the market due to its substantial public utility sector and rising energy demand. Countries like China and India are anticipated to be significant users of outage management systems, driven by their large-scale energy consumption and investments in smart grid technologies. The region's dominance is further supported by its status as the largest user of renewable energy, where outage management systems can improve the reliability of solar and wind energy sources. The market is characterized by partial fragmentation, with key players including ABB Ltd., General Electric Company, Schneider Electric SA, Siemens AG, and Oracle Corporation, all contributing to the competitive landscape.
Outage Management Systems Market Size - Table of Contents
-
1. MARKET OVERVIEW
-
1.1 Introduction
-
1.2 Market Size and Demand Forecast in USD Billion, till 2025
-
1.3 Recent Trends and Developments
-
1.4 Government Policies and Regulations
-
1.5 Market Dynamics
-
1.5.1 Drivers
-
1.5.2 Restraints
-
-
1.6 Supply Chain Analysis
-
1.7 Porter's Five Forces Analysis
-
1.7.1 Bargaining Power of Suppliers
-
1.7.2 Bargaining Power of Consumers
-
1.7.3 Threat of New Entrants
-
1.7.4 Threat of Substitutes Products and Services
-
1.7.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Type
-
2.1.1 Standalone
-
2.1.2 Integrated
-
-
2.2 End-User
-
2.2.1 Public Utility
-
2.2.2 Private Utility
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.2 South America
-
2.3.3 Europe
-
2.3.4 Asia-Pacific
-
2.3.5 Middle-East and Africa
-
-
Outage Management Systems Market Size 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.
