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Global Outage Management System (OMS) Market Share, Size, Analysis, Growth, Forecast: By Product: Standalone, Integrated; By Component: Software, Services; By Application: Residential, Commercial; By End-User: Public Utility, Private Utility; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
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 2023 and 2028, reaching a value of USD 3.48 billion by 2028. 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.
- 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.
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.
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
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Component |
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| Breakup by Application |
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| Breakup by End-User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Outage Management System (OMS) Market Analysis
8.1 Key Industry Highlights
8.2 Global Outage Management System (OMS) Historical Market (2018-2022)
8.3 Global Outage Management System (OMS) Market Forecast (2023-2028)
8.4 Global Outage Management System (OMS) Market by Product
8.4.1 Standalone
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Integrated
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Outage Management System (OMS) Market by Component
8.5.1 Software
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Services
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Outage Management System (OMS) Market by Application
8.6.1 Residential
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Commercial
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Outage Management System (OMS) Market by End-User
8.7.1 Public Utility
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Private Utility
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.8 Global Outage Management System (OMS) Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Outage Management System (OMS) Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Outage Management System (OMS) Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Outage Management System (OMS) Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Outage Management System (OMS) Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Outage Management System (OMS) Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Hitachi Energy Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 General Electric Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Oracle Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Siemens AG
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Schneider Electric SE
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 ABB Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Outage Management System (OMS) Market: Key Industry Highlights, 2018 and 2028
2. Global Outage Management System (OMS) Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Outage Management System (OMS) Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Outage Management System (OMS) Historical Market: Breakup by Component (USD Million), 2018-2022
5. Global Outage Management System (OMS) Market Forecast: Breakup by Component (USD Million), 2023-2028
6. Global Outage Management System (OMS) Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Outage Management System (OMS) Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Outage Management System (OMS) Historical Market: Breakup by End-user (USD Million), 2018-2022
9. Global Outage Management System (OMS) Market Forecast: Breakup by End-User (USD Million), 2023-2028
10. Million), 2023-2028
11. Global Outage Management System (OMS) Historical Market: Breakup by Region (USD Million), 2018-2022
12. Global Outage Management System (OMS) Market Forecast: Breakup by Region (USD Million), 2023-2028
13. North America Outage Management System (OMS) Historical Market: Breakup by Country (USD Million), 2018-2022
14. North America Outage Management System (OMS) Market Forecast: Breakup by Country (USD Million), 2023-2028
15. Europe Outage Management System (OMS) Historical Market: Breakup by Country (USD Million), 2018-2022
16. Europe Outage Management System (OMS) Market Forecast: Breakup by Country (USD Million), 2023-2028
17. Asia Pacific Outage Management System (OMS) Historical Market: Breakup by Country (USD Million), 2018-2022
18. Asia Pacific Outage Management System (OMS) Market Forecast: Breakup by Country (USD Million), 2023-2028
19. Latin America Outage Management System (OMS) Historical Market: Breakup by Country (USD Million), 2018-2022
20. Latin America Outage Management System (OMS) Market Forecast: Breakup by Country (USD Million), 2023-2028
21. Middle East and Africa Outage Management System (OMS) Historical Market: Breakup by Country (USD Million), 2018-2022
22. Middle East and Africa Outage Management System (OMS) Market Forecast: Breakup by Country (USD Million), 2023-2028
23. Global Outage Management System (OMS) Market Structure
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 18.80% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 3.48 billion by 2028.
The major market drivers include increasing demand for power, rising expenditure on smart grid development, and growing urbanisation.
The key trends of the market are advancements in technology, increasing popularity of integrated OMS systems, and rising demand from private utility end-users.
The primary products of outage management systems in the market standalone and integrated.
The significant applications in the market for outage management systems are residential and commercial.
The major regions in the market for outage management systems are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key players in the outage management system (OMS) market, according to the report, are Hitachi Energy Ltd., General Electric Company, Oracle Corporation, Siemens AG, Schneider Electric SE, and ABB Ltd., among others.
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