Global Outage Management System (OMS) Market Report and Forecast 2024-2032

Global Outage Management System (OMS) Market Outlook

The global outage management system (OMS) market size is expected to grow at a CAGR of 18.80% between 2024 and 2032, reaching a value of USD 6.93 billion by 2032. The major market drivers include increasing demand for power, and rising expenditure on smart grid development.

Key Trends in the Market

An outage management system (OMS) is a network management software system used by utility operators to manage restoration of power in electrical distribution systems. OMS are capable of identifying and determining the cause and extent of an outage and can aid in restoring the power to the grid. It reduces the time of the outage and also the maintenance time along with efficiently predicting the outage and its location.

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• Demand for a reliable and continuous electrical supply is increasing rapidly all around the world, propelling the demand for the outage management system (OMS) market in order to keep a check on the power distribution.

• Technological developments and improvements in outage management systems are a key trend in the market. The ability of the OMS to support integration of interactive voice responses and other features are enhancing operations and communications with end-users.

• Increasing demand from the private utility sector in order to satisfy the demands of customers is a major factor enhancing the growth of the market. With private utilities, customers have increased expectations of uninterrupted power supply and quick resolution to outages.

Market Analysis

Based on product, the market is bifurcated into standalone and integrated. On the basis of component, the market is categorised into software and services. By application, the market is divided into residential and commercial. Based on end-user, the market is segmented into public utility and private utility. The regional markets for outage management systems are classified into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global outage management system (OMS) market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Hitachi Energy Ltd.

• General Electric Company

• Oracle Corporation

• Siemens AG

• Schneider Electric SE

• ABB Ltd.

• Others

Market Share by Product

Integrated products account for a significant share of the outage management system (OMS) market and are expected to grow rapidly over the forecast period as well. The shifting preference of end-users to advanced distribution management system (ADMS) is subjected to enhance the demand for integrated outage management system products. Integrated OMS also help in improving utility operations and maintenance of the distributed networks with a streamlined solution, which is further increasing their demand.

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Market Share by Region

North America is expected to hold a sizable share in the market for outage management system (OMS) because of rising demand and need to restore power. Increasing adoption of various energy management systems are surging the adoption of outage management system in the North America, which is further supported by the development of smart grids. Moreover, the prominent presence of a large number of major market players in the region, who have been heavily investing in the development of advanced outage management systems, is further boosting the market growth.

Competitive Landscape

Hitachi Energy Ltd. has its headquarters in Zurich, Switzerland and was founded in 2018. A division of the global Hitachi Group, they focus on developing, manufacturing, and providing products such as generator circuit breakers, high voltage switchgear and breaker, and semiconductors.

General Electric Company, founded in 1892, is headquartered in Massachusetts in the United States, and is known for designing and manufacturing various electric components. The product line of the company includes refrigerators, microwaves, vents, and dishwashers.

Oracle Corporation, established in 1977, is based in California in the United States. They provide their customers with top software services and products, offering services such as database management systems and cloud engineering services.

Other market players include Siemens AG, Schneider Electric SE, and ABB Ltd., among others.

Key Highlights of the Report