Outage Management System Market
The market for Outage Management System was estimated at $1.6 billion in 2023; it is anticipated to increase to $2.8 billion by 2030, with projections indicating growth to around $4.2 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Outage Management System Market Outlook
Revenue, 2023
$1.6B
Forecast, 2033
$3.5B
CAGR, 2024 - 2033
8.5%
The Outage Management System industry revenue is expected to be around $1.8 billion in 2024 and expected to showcase growth with 8.5% CAGR between 2024 and 2033. The market for Outage Management Systems (OMS) is on the rise because of the growing need for power management and quick responses to power failures. The market size was around USD 1.6 billion in 2023 and is expected to reach over USD 2.8 billion by 2030 and USD 4.2 billion by 2035 with a compound annual growth rate of 8.5%.
OMS solutions help utility and industrial sectors oversee and minimize power outage duration effectively by offering data insights and analysis tools to swiftly tackle interruptions and ensure seamless service provision. Particularly crucial, in utilities manufacturing and healthcare sectors.
Market Key Insights
- The Outage Management System market is projected to grow from $1.6 billion in 2023 to $3.5 billion in 2033. This represents a CAGR of 8.5%, reflecting rising demand across Power Utilities, Healthcare Facilities and Oil & Gas.
- Schneider Electric, ABB, GE are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Outage Management System market and are expected to observe the growth CAGR of 6.2% to 8.9% between 2023 and 2030.
- Emerging markets including Brazil, South Africa and Mexico are expected to observe highest growth with CAGR ranging between 8.2% to 10.6%.
- Transition like Shift to Cloud-Based OMS Solutions is expected to add $109 million to the Outage Management System market growth by 2030.
- The Outage Management System market is set to add $2.0 billion between 2023 and 2033, with manufacturer targeting Oil & Gas & Manufacturing End-User projected to gain a larger market share.
- With Increasing focus on grid reliability, and Growth in smart grid deployments, Outage Management System market to expand 126% between 2023 and 2033.
Opportunities in the Outage Management System
The combination of analytics with OMS allows businesses to take proactive steps in managing outages by predicting and preventing them ahead of time.This advancement opens up possibilities, for service providers who offer advanced analytics capabilities.
Growth Opportunities in North America and Asia-Pacific
North America is at the forefront of adopting OMS due to its developed grid infrastructure and emphasis on smart grid initiatives. Major industry players are prioritizing cybersecurity and cloud services tailored to the requirements of utility companies and critical infrastructure sectors. The regions strong regulatory frameworks play a role, in enhancing grid reliability.
The Asia Pacific region is seeing a rise in OMS development thanks to substantial investments in infrastructure and the growing use of smart grid technology. China and India stand out as markets where there is a strong emphasis placed on affordable OMS solutions that guarantee grid reliability. Local providers prioritize features, like monitoring and predictive analytics to cater to the increasing demand.
Market Dynamics and Supply Chain
01
Driver: Increasing Focus on Grid Reliability, and Expansion of Critical Infrastructure
The increasing focus on grid reliability plays a role in driving the adoption of OMS among utilities looking to minimize downtime and enhance customer service quality.Offering real time monitoring and predictive outage capabilities Ongoing Maintenance System (OMS) solutions are also vital, for ensuring a power supply. With the growth of facilities like hospitals and transportation networks along with the increasing reliance on data centers comes a greater need, for dependable OMS solutions to maintain uninterrupted power supply and quick response times to prevent disruptions.
The increasing use of grid technology is also driving the uptake of OMS systems since smart grids need advanced tools to handle and address power outages effectively.
02
Restraint: High Initial Setup and Integration Costs, and Complexity in Legacy System Integration
Deploying an Operational Management System (OMS) can come with expenses such as software and hardware costs as well as the need for seamless integration with current systems. This financial investment might pose a challenge, for utility companies and industries.
Integrating OMS with systems can be quite challenging since the older infrastructure might not be compatible. This could require a lot of customization and expertise to make it work smoothly.
03
Opportunity: Adoption in Emerging Markets and Remote Monitoring Solutions for Decentralized Infrastructure
In developing nations around the world today there is a growing trend towards investing in infrastructure systems that are smart and innovative.This has brought about possibilities for companies offering Outage Management System (OMS) solutions to broaden their reach and influence.The governments of these countries are giving importance to upgrading their power grids which, in turn is fuelinng the growth of OMs providers.
The increasing popularity of energy systems has led to a greater need for OMS solutions that can be used for monitoring and managing operations remotely.This shift in focus, toward OMS usage is seen across settings ranging from city utilities to isolated industrial locations.
04
Challenge: Data Security and Privacy Concerns
OM systems heavily depend upon collecting an amount of data and maintaining connectivity; this raises worries about the security and privacy of the information involved in industries, like utilities and healthcare that deal with sensitive data.
Supply Chain Landscape
1
Component Suppliers
Data sensorscommunication modules
2
Manufacturers
Schneider ElectricABB
3
System Integrators
GESiemens
4
Service Providers
HoneywellEaton
1
Component Suppliers
Data sensorscommunication modules
2
Manufacturers
Schneider ElectricABB
3
System Integrators
GESiemens
4
Service Providers
HoneywellEaton
Use Cases of Outage Management System in Power Utilities & Healthcare Facilities
Power Utilities : In the power utility sector OMS plays a role in ensuring minimal service disruptions and boosting customer satisfaction by enabling real time outage monitoring and response mechanisms Schneider Electric and ABB are top players offering comprehensive solutions, for outage anticipation and response improvement
Oil & Gas : In the oil and gas sector OMS solutions play a role in managing and dealing with power interruptions in isolated and risky settings. Specialized companies such, as General Electric and Siemens focus their expertise towards creating dependable OMS systems tailored to meet the distinctive demands of this industry sector.
Healthcare Facilities : Healthcare institutions consider outage management vital to maintain the functioning of life support and equipment consistently operational. Companies such, as Eaton and Honeywell provide tailored services that focus on response and reliable power supply.
Recent Developments
In the landscape of the Outage Management System market there is a noticeable trend towards adopting cloud based solutions with enhanced cybersecurity features especially tailored for utility companies and smart grid applications. Service providers are emphasizing the importance of accessibility and predictive functionalities to cater to the ever changing requirements, in this domain.
October 2024 : ABB has introduced a cloud based OMS solution tailored for utility companies, with improved scalability and predictive maintenance capabilities.
July 2024 : Schneider Electric has launched a cybersecurity oriented OMS to enhance the security of smart grids by ensuring data integrity and operational safety.
March 2024 : Honeywell has introduced a remote monitoring OMS solution designed for decentralized energy systems that highlights adaptability and quick reaction.
Impact of Industry Transitions on the Outage Management System Market
As a core segment of the Specialized Industrial Products industry,
the Outage Management System market develops in line with broader industry shifts.
Over recent years, transitions such as Shift to Cloud-Based OMS Solutions and Increased Emphasis on Cybersecurity for OMS have redefined priorities
across the Specialized Industrial Products sector,
influencing how the Outage Management System market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Shift to Cloud-Based OMS Solutions
The use of cloud technology is changing the way OMS functions by providing increased scalability and instant access for users in real time situations.Cloud based OMS proves advantageous, for utilities and essential infrastructure facilities that rely on remote monitoring to boost reliability.
02
Increased Emphasis on Cybersecurity for OMS
The security of OMS systems has become a priority with the increasing adoption of smart grid installations, in recent times. Leading providers are implementing cutting edge cybersecurity measures to safeguard OMS data and ensure the functioning of essential sectors.