Outage Management System (OMS) Market Insights

The global Outage Management System (OMS) Market is estimated to be worth USD 4.41 Billion by 2030, registering a 21.3% CAGR during the forecast period (2022- 2030).

An outage management system is a tool to recognize and advance the efficiency of consumer restoration and communication. OMS consolidated with systems like supervisory control and data acquisition system (SCADA), automatic meter reading (AMR), distribution automation (DA) system, customer information system (CIS), interactive voice response system (IVR), advanced metering infrastructure (AMI) and geographic information system (GIS) for outage management. The electric distribution systems widely exercise an outage management system or a computer system to help in power restoration.

The outage management system is convenient to generate valuable historical information, reporting and efficiently identifying and resolving outages. The outage management system is used to recognize the outages and records the history of outages throughout the operation and delivers real-time insights into the systems. An outage management system connects the control room with an integrated grid that permits utilities to isolate outage, supply faster restoration, and allows planning of isolations and outages.

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Augmenting demand for grid reliability, increasing regulatory scrutiny, and strict compliance norms, boosting focus on electricity transmission optimization along with increasing demand for reliable and uninterrupted power supply and an expansion in energy demand, the surge in the installed power generation capacity around the globe in the public utility sector, growing enhancement in the use of software and internet-of-things are some of the primary as well as vital factors which will likely to boost the growth of the Outage Management System (OMS) Market in the projected timeframe of 2022-2030.

The Global Market has more growth chances for the key players and manufacturers due to the new product launches and expanding investments in the research and development of outrage management systems. The worldwide market has huge applications in the industry, which brings attractive opportunities for manufacturers and key players.

Regional Analysis

The global outage management process Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East Africa.

North America will subordinate the Outage Management System (OMS) Market due to the diminishing costs associated with outages and crew management with easy-to-generate historical statistics and rapid restoration of power in the region. Though, the European regional market is growing at an expressive pace during the forecast period.

Asia-Pacific region is anticipated to grow in the Outage Management System (OMS) Market during the forecast period. Due to the growing levels of investment in the smart grid development, increasing primary energy consumption along with boosting customer retention and augmenting profit for the electricity distributor in the region.

Market Segmentation

The global Outage Management System (OMS) Market is segmented into the following types;

By Component

• Software system
• Communication system

By Type

• Standalone OMS
• Integrated OMS

By End User

• Public utilities
• Private utilities

By Application

• Commercial
• Industrial
• Household

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Key Players

The global Outage Management System (OMS) Market’s prominent key players are 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.).