Outage Management System Companies

Q: What is the global market size of Outage Management System Market?

Global Outage Management System Market size was valued at USD 4.72 Billion in 2022 and is poised to grow from USD 5.11 Billion in 2023 to USD 10.47 Billion by 2031, growing at a CAGR of 8.3% in the forecast period (2024-2031).

Q: What is the key driver of Global Outage Management System Market?

The growth of the global outage management system market is driven by the increasing demand for outage monitoring systems. Outage management systems are widely used in power distribution systems to help restore power. An outage monitoring system helps to generate valuable historical data and effectively identify and repair business outages. An interrupt monitoring system improves operational efficiency and communication and greatly increases the speed of problem analysis. This allows managers to make better and faster decisions and reduces the shipment complexity that occurs when there are too many intercepts.

Outage Management System Market Competitive Landscape

The competitive environment of the Global Outage Management System Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. The competitive environment in the global outage management system (OMS) market is characterized by several key players vying to offer innovative solutions and services to utility companies across the globe. These companies engage in various strategies such as mergers and acquisitions, partnerships, product launches, investments in research and development to gain a competitive advantage and expand their market share.

Top Player’s Company Profiles

ABB Ltd.

Utilities Kingston

Gainesville Regional Utilities

Oracle Corporation

Westinghouse Electric Company

General Electric Company

Siemens AG

CGI Group

Advanced Control Systems Inc.

Intergraph Corporation

S&C Electric Company

Hitachi Energy Ltd.

General Electric Company

Siemens AG

Schneider Electric SE

FAQs

Outage Management System Market size was valued at USD 4.72 Billion in 2022 and is poised to grow from USD 5.11 Billion in 2023 to USD 10.47 Billion by 2031, growing at a CAGR of 8.3% in the forecast period (2024-2031).

The competitive environment of the Outage Management System Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. The competitive environment in the outage management system (OMS) market is characterized by several key players vying to offer innovative solutions and services to utility companies across the globe. These companies engage in various strategies such as mergers and acquisitions, partnerships, product launches, investments in research and development to gain a competitive advantage and expand their market share. 'ABB Ltd.', 'Utilities Kingston', 'Gainesville Regional Utilities', 'Oracle Corporation', 'Westinghouse Electric Company', 'General Electric Company', 'Siemens AG', 'CGI Group', 'Advanced Control Systems Inc.', 'Intergraph Corporation', 'S&C Electric Company', 'Hitachi Energy Ltd.', 'General Electric Company', 'Siemens AG', 'Schneider Electric SE'

The growth of the outage management system market is driven by the increasing demand for outage monitoring systems. Outage management systems are widely used in power distribution systems to help restore power. An outage monitoring system helps to generate valuable historical data and effectively identify and repair business outages. An interrupt monitoring system improves operational efficiency and communication and greatly increases the speed of problem analysis. This allows managers to make better and faster decisions and reduces the shipment complexity that occurs when there are too many intercepts.

Increasing investment in Smart Grid Development: Increasing investment in smart grid development positively impacts the adoption of outage management system. Combining outage management systems with advanced meter infrastructure improves smart grid performance. An outage monitoring system reduces the duration of power outages and allocates resources necessary for rapid power restoration. The integration of OMS with geographic information systems (GIS) improved location performance in tracking power outages faster and more accurately. In addition to this, a comprehensive interface and informative dashboards help power distribution managers gain valuable data insights.

Robust economic growth in emerging Asian countries such as China and India are likely to increase investment in smart infrastructure projects. For example, the Indian government allocated $44.9 billion (about $140 per person in the US) entered smart grid infrastructure projects. Thus, government policies to support smart services could stimulate market growth across the region. Urbanization and rapid technological progress further stimulate the demand for OMS. Huge demand for advanced distribution systems will drive the market across Asia-Pacific.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Outage Management System Market Size, Share, Growth Analysis, By Application(Public Utilities and Private Utilities), By Type(Standalone OMS and Integrated OMS), By Region - Industry Forecast 2024-2031

Outage Management System Market Competitive Landscape

Outage Management System Market Report Snapshots

Want to customize this report?

FAQs

Request Free Customization

Feedback From Our Clients

$5,300

Outage Management System Market Size, Share, Growth Analysis, By Application(Public Utilities and Private Utilities), By Type(Standalone OMS and Integrated OMS), By Region - Industry Forecast 2024-2031

Outage Management System Market Competitive Landscape

Outage Management System Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of Outage Management System Market?

Who are the key vendors in the Outage Management System Market?

What is the key driver of Outage Management System Market?

What is the key market trend for Outage Management System Market?

Which region accounted for the largest share in Outage Management System Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300