Outage Management Global Market Report 2024

Outage management refers to various computer-related software utilized by electric distribution systems. These software tools are primarily employed by grid and system supervisors to restore power to the grid, identifying and alerting to outages in power distribution networks.

The main types of outage management encompass both software and services. Software for Outage Management Systems (OMS) is designed to restore the network model after an outage, facilitating the efficient recovery of power distribution. These software products can be either integrated into broader systems or exist as standalone solutions. Outage management tools find application in various end-user sectors, including public utility and private utilities, and are utilized in different contexts such as residential and commercial settings.

The outage management market research report is one of a series of new reports that provides outage management market statistics, including outage management industry global market size, regional shares, competitors with an outage management market share, detailed outage management market segments, market trends and opportunities, and any further data you may need to thrive in the outage management industry. This outage management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The outage management market size has grown exponentially in recent years. It will grow from $0.96 billion in 2023 to $1.16 billion in 2024 at a compound annual growth rate (CAGR) of 20.3%. The growth observed in the historical period can be attributed to factors such as aging infrastructure in the power grid, a focus on grid reliability, the impact of severe weather events on electricity distribution, the need for regulatory compliance, and the emphasis on effective asset management in the energy sector. These factors collectively contributed to the increased adoption and development of outage management systems to enhance the resilience and reliability of power distribution networks.

The outage management market size is expected to see rapid growth in the next few years. It will grow to $2.27 billion in 2028 at a compound annual growth rate (CAGR) of 18.4%. The anticipated growth in the forecast period can be attributed to factors such as the integration of distributed energy resources, electrification initiatives, the involvement of public-private partnerships, a heightened focus on cybersecurity in power systems, and evolving customer expectations. Major trends expected in the forecast period include advancements in data and analytics for outage management, ongoing efforts in grid modernization, the implementation of microgrids for enhanced resilience, the utilization of remote monitoring technologies, and the development of mobile applications for more efficient outage management.

The growth of the market is being propelled by the increasing demand for energy consumption due to a growing population and a rapid rate of urbanization. This expansion necessitates effective management and distribution of electricity to prevent hazardous incidents or accidents. According to a July 2021 report by the International Energy Agency (IEA), a France-based intergovernmental organization for energy, global power demand is expected to increase by approximately 5% in 2021 and 4% in 2022. Fossil fuel-based electricity generation is anticipated to contribute 45% in 2021 and 40% in 2022. The surge in energy consumption is likely to drive the utility sector in the outage management systems market due to the population increase.

The growing residential sector is expected to drive the future growth of the outage management market. The residential sector, focusing on housing or dwellings for residential purposes, benefits from outage management systems by minimizing the impact of power interruptions, improving customer satisfaction, and optimizing utility operations. These systems play a crucial role in enhancing the overall reliability and efficiency of residential power services. For example, in October 2023, the United States Census Bureau reported a 13.8% increase in privately owned dwelling units authorized under building permits, reaching 1,524,000 units on a seasonally adjusted annual basis in February compared to 1,339,000 in January. Therefore, the expanding residential sector is a significant driver of the outage management market.

The adoption of network management systems beyond the control room for efficient response to service restoration is gaining popularity. In May 2021, Oracle Corporation, a multinational computer technology corporation, extended the use of outage management to desktop devices with internet access, enabling storm management employees to respond efficiently and dispatch crews from anywhere. This approach saves time in restoring service to customers.

Major companies in the outage management market are concentrating on innovative products such as outage maps within the outage management system to boost their market revenues. Outage maps are tools that enable users to track localized power outages in real time. Through outage management systems, customers can report issues, review expected restoration timelines, access outage maps, and receive outage notifications. For instance, in September 2022, SMTX Utilities, a US-based utility company, launched an outage management system (OMS) featuring a new outage map. This tool promptly alerts SMTX Utilities staff to outage locations and potential issues, enhancing prediction capabilities and providing customers with additional information about outages, ultimately reducing restoration time.

In June 2022, Westinghouse Electric Company LLC, a US-based nuclear power and outage management company, acquired BHI Energy, Inc for an undisclosed amount. This acquisition is aimed at enhancing Westinghouse Electric Company LLC's ability to serve the nuclear operating fleet by introducing new standards in outage and maintenance efficiencies. BHI Energy, Inc., a US-based specialty services company, specializes in providing outage and power management solutions.

Major companies operating in the outage management market include ASEA Brown Boveri Ltd., General Electric Company, Oracle Corporation, Schneider Electric SA, Siemens AG, Consultants to Government and Industry Incorporated, Advanced Control Systems Inc., Intergraph Corporation, Futura Systems Inc., Survalent Technology Corporation, Milsoft Utility Solutions, S&C Power Company, Westinghouse Electric Company, Utilities Kingston, Gainesville Regional Utilities, Itron Inc., Eaton Corporation, Landis+Gyr., Enghouse Systems, Det Norske Veritas GL, Hexagon Safety & Infrastructure, DataVoice International Inc., AutoGrid, SmartGridCIS, Clevest Solutions Inc., Sentient Energy Inc., Beckwith Electric Co. Inc., Aclara Technologies, Thales Group

North America was the largest region in the outage management market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the outage management market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the outage management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The outage management market includes revenues earned by entities by providing advanced metering infrastructure, distribution management system, electric potential storage base, telecommunication network. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.