Press Release Description
Outage Management System Market to Accelerate at a CAGR of Around 30.14% During 2025-30
The Global Outage Management System Market size was valued at around USD1,182 million in 2024 and is expected to reach USD5,742 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 30.14% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The market growth is mainly driven by some factors including the frequent power outages in most of the countries worldwide, the old electrical grid infrastructure, the government initiatives and schemes for mandating the adoption of OMS for boosting the energy sector in every country, the integration of the latest innovations such as AI and machine learning in the outage management systems to increase the product’s efficiency, etc. Out of these, the major growth factor is the long-hour blackouts and power outages due to extreme weather conditions, including strong hurricanes, cyclones, and storms, which increases the demand for efficient power outage management solutions for faster detection and electrical fault alerts, thus contributing to the market growth.
Additionally, the governments of different countries such as the United States, China, Japan, India, Canada, and many more are proactively encouraging the adoption of smart electrical energy infrastructure including outage management systems for managing frequent power cut issues in different areas of the world through the implementation of various policies and funding in billion dollars. These efforts are offering ample growth opportunities for this market to grow further. For instance, a single project under the Connecting Europe Facility (CEF) Program launched in 2024, received about USD39 million to enhance the smart grid technologies by installing real-time monitoring systems for electrical faults and outages. Moreover, the incorporation of deep learning and advanced algorithms in such types of systems is gaining traction due to high efficiency and automation.
Furthermore, the integrated Outage Management Systems, those in public utilities, are uplifting this market as they serve millions of end-users, such as residential, commercial, and industrial, simultaneously with the combination of other essential systems like Smart meters, Geographic Information Systems (GIS), etc. However, the high upfront and operational costs are creating financial barriers to small and medium-scale enterprises, thus hampering the market’s growth, further states the research report, “Global Outage Management System Market Analysis, 2025.”
Global Outage Management System Market Segmentation Analysis
Integrated OMS Holds the Largest Market Share
Based on type, the market is further bifurcated into standalone OMS and integrated OMS. The integrated OMS segment is dominating the Global Outage Management System Market and accounts for more than 55% of the market share. The dominance is due to the advantages of these systems over the private systems, as integrated systems provide more scalability and smooth conduction of the data signals, featuring a modular framework to increase their efficiency. Additionally, unlike Private OMS, the integration of these systems with other systems, such as smart meters and GIS, is contributing to the market growth, which allows faster detection of causes of outages and real-time monitoring.
Additionally, the cost-effectiveness of integrated OMS is increasing their demand in the market, because they prevent maintenance costs and expensive replacement costs every year as compared to private systems, thus leading the global outage management systems market.
North America Leads the Global Outage Management System Market
North America is the dominating region of this market and holds a market share of more than 35%. This region is the major contributor to this market because the region has an aging grid infrastructure of over 55 years, which is raising the vulnerability of grid failures and power outages in Canada, the US, etc. This is leading to a high demand for strong outage management systems.
Also, countries like the United States face a significant number of power outages annually due to extreme weather conditions. These have increased the demand for efficient OMS to timely predict and restore electrical faults. Additionally, North America boasts the largest concentration of energy utilities, a key driver behind the region's dominance in the global outage management system market. Apart from that, the government is actively investing substantially in these countries to increase the number of smart utilities, thus increasing the growth of this market.
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including ABB Ltd., Oracle Corporation, Siemens AG, General Electric Company, Intergraph Corporation, Schneider Electric SE, CGI Group, Futura Systems, Inc., Advanced Control Systems Inc., Survalent Technology Corporation, Milsoft Utility Solutions, Inc., FirstEnergy Corp., Hexagon AB, S&C Electric Company, and Others are looking forward to strengthening their market positions.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the globe?
- How has the industry been evolving in terms of geography & solution adoption?
- How has the competition been shaping up across various regions?
- How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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