Outage Management System Market Highlights

Outage Management System Market is projected to be worth USD 4.41 billion by 2030, registering a CAGR of 21.3% during the forecast period (2022 - 2030).

A computer system or an outage management system (OMS) is used by operators of electric distribution systems to assist in restoration of power. It provides the capability to efficiently identify and resolve outages and to generate and report valuable historical information. OMS improves operational efficiency and communication with customers, the public and regulatory agencies. It reduces the duration of individual outages and lowers duration average by identifying outage locations automatically. It utilizes data from call centers, field crews, and AMI and SCADA systems to identify outage locations. These are some of the factors increasing the demand of OMS. Additionally, increased spending in smart grid developments is also fueling the growth of the market. However, growing complexity in OMS may hamper the growth of global outage management system market.

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Market Research Analysis  

North America is the largest growing market

On the basis of regions, global outage management system market is segmented into North America, Europe, Asia-Pacific and RoW. North America dominates the global outage management system market, followed by Europe. Reduction in the costs associated with outages and crew management with easy-to-generate historical statistics and faster restoration of power are some factors driving the growth of the market in North America region. This region is expected to grow at a significant pace during the forecast period. Asia-pacific region is expected to grow at good pace mainly due to the growing investment in smart grid developments. European region and Rest of the World are expected to witness steady growth over the forecast period.

Global Outage Management System Market Size, By Type

Scope of the Report

This study provides an overview of the global outage management system market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Outage Management System market as, type, end user and by region.
By Type

• Integrated OMS
• Standalone OMS

By End User

• Public Utilities
• Private Utilities

Key Players

The key players of global outage management system market  include ABB Ltd. (Switzerland), General Electric Company (U.S.), Oracle Corporation (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Intergraph Corporation (U.S.), Advanced Control Systems Inc. (U.S.), CGI Group (Canada), Survalent Technology Corporation (Canada) and SC Electric Company (U.S).

Industry/Innovation/Related News:

Nov.22, 2021 --- GE Digital announced its partnership with New Zealand’s Counties Energy, an electricity distribution network provider, to implement its advanced distribution management system (ADMS) as part of its digital utility transformation program. 

Under the partnership, GE would implement its ADMS solution in combination with the utility’s existing implementation of its Digital’s Smallworld Electric Office, a network-based Geographic Information System (GIS). This will help Counties Energy drive greater reliability, resiliency and flexibility for its network assets through richer multi-source data.

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