Global Outage Management Market Size, Forecasts, And Opportunities – Includes Outage Management Market Share
Learn about the global outage management market through The Business Research Company, which provides information on outage management market size, outage management market drivers and restraints, outage management market players, the COVID-19 impact on the outage management market, and more.
The global outage management market size is expected to grow from $0.65 billion in 2021 to $0.78 billion in 2022 at a compound annual growth rate (CAGR) of 19.0%. The global outage management market size is expected to grow to $1.58 billion in 2026 at a CAGR of 19.3%.
Increasing demand for energy consumption due to expanding population and rapid urbanization rate is driving the growth of the market.
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The outage management market consists of sales of outage management systems (OMS) services by entities (organizations, sole traders, and partnerships) that refer to different computer-related software used by the electric distribution. These are mainly used by the grid and system supervisors to return power to the grid. The outage management system identifies and provides alerts for outages in power grids.
Global Outage Management Market Segments Include:
By Type: Software, Services
By Product: Integrated, Standalone
By End-User: Public Utility, Private Utility
By Application: Residential, Commercial
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the outage management market in 2021.
Network management systems that are used beyond the control room help in restoring services to the customers is gaining popularity in the market.
Major Market Players: ABB Ltd., General Electric Company, Oracle Corporation, Schneider Electric SA, Siemens AG, CGI Inc, Advanced Control Systems Inc, Intergraph Corporation, Futura Systems Inc, Survalent Technology Corporation, Milsoft utility solutions, and S&C Power Company.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Outage Management Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides outage management market overviews, analyzes and forecasts market size, share, outage management market players, outage management market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s outage management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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