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Outage Management Market size was valued at USD 5.18 billion in 2023 and is expected to grow to USD 10.48 billion by 2032 and grow at a CAGR of 8.15% over the forecast period of 2024-2032.
The power outages have become a part of our lives. To deal with such situations, there is an entire market dedicated to outage management. This market includes software, services, and hardware that help in dealing with power outages. These products assist and support utilities in managing outages effectively by automating the process of identification, dispatching crews to the site of the incident, and communicating updates to affected customers.
The growth of this market is driven by increasing electricity demand worldwide along with the rise in renewable energy sources and advanced technologies for efficient energy distribution. The Outage Management Market is predicted to grow rapidly owing to the increasing need among utilities for reliable and continuous power supply. As a result, we can expect more innovative solutions to emerge from this market as it continues to expand in size and importance over time.
KEY DRIVERS:
The increasing demand for uninterrupted power supply
Efficient grid management
The rise in the adoption of smart grid technology and IoT-based solutions are also significant contributors to the market growth. Additionally, concerns around public safety and regulatory compliance have made it necessary for utilities to implement advanced outage management systems that can quickly respond to power outages and mitigate their impact on consumers. Furthermore, increased focus on renewable energy sources has spurred investments in the development of robust algorithms and predictive software that enable real-time monitoring of power networks. Overall, these drivers are shaping the Outage Management market towards sustainable growth while ensuring reliable energy supply to consumers around the world.
RESTRAIN:
Advanced Metering Infrastructure (AMI)
A shortage of resources
This could be brought on by a shortage of resources, such as money or labor, or it might be the result of regulatory restrictions that restrict what businesses can do. Technology restrictions or a delayed rate of consumer adoption are two more potential bottlenecks. Whatever the reason, these limitations might prevent the business from expanding and make it difficult for service providers to compete with one another. Decision-makers in this field must be aware of any potential obstacles they may encounter and devise imaginative ways to get around them through strategic planning to keep providing worthwhile services to their clients.
OPPORTUNITY:
The need for efficient outage management systems
The market for outage management is a profitable and expanding sector that has been gaining ground recently. The need for efficient outage management systems has grown as power outages are growing more common as a result of rising demand, deteriorating infrastructure, and severe weather. New market players have emerged as a result, offering cutting-edge technology like real-time monitoring systems and predictive maintenance powered by AI. Businesses in this sector are in a good position to benefit from the rising demand for dependable energy services across sectors like utilities, healthcare, transportation, and telecommunications. Companies have plenty of potential to innovate and take a piece of this market, as there are an increasing number of vendors contending for market share and the landscape of customer wants is constantly changing.
CHALLENGES:
Coordination Amang Stakeholders
Safety consideration
Requirement of update and combine outdated systems
The requirement to update and combine outdated systems with contemporary technologies is one of the main issues. Numerous businesses have previously purchased outage management software without modifying it to work with other helpful technologies like GIS mapping or smart grids. Making decisions about which data to prioritize and how to manage data more efficiently is another difficulty. Companies must choose which data among the many streams of information coming in from many sources will offer insightful information that will improve their capacity to react swiftly to disruptions. The best system performance during outages still depends on efficient cooperation between regional operators and local utilities. As we transition to more decentralized energy models that utilize renewable energy sources.
IMPACT OF RUSSIAN UKRAINE WAR
The outage management business, particularly in Ukraine, has been significantly impacted by the Russian-Ukraine war. Power outages have increased as a result of the conflict, which has increased demand for outage management products and services. In addition, utility providers now find it challenging to quickly locate and resolve problems due to the infrastructure damage brought on by military operations. The need for advanced metering infrastructure (AMI), distribution automation (DA), and other smart grid technology has increased as a result, allowing utilities to quickly identify and resolve issues. To lessen its reliance on Russian gas imports, the Ukrainian government is also making significant investments in modernizing its energy industry. Excellent prospects have been generated by this action for international businesses that provide outage management.
IMPACT OF ONGOING RECESSION
Therefore, the outage management market has been significantly impacted by the ongoing recession. Companies are postponing system updates and expansions as they cut back on expenditures to save money for uncertain times. The demand for new outage management systems and the technological services that support them has decreased as a result of the slowdown in investment. Additionally, utility firms that are seeing a decline in customer revenue are hesitant to spend money on pricey upgrades or the replacement of old infrastructure. Utility companies' capacity to maintain physical infrastructure has also been hampered by the pandemic, resulting in a backlog of maintenance and repair tasks that will demand more money in the future.
Around the world, COVID-19 has led to the temporary closure of business and industrial facilities as well as the suspension of public transport services. It hurts the electricity demand. The nationwide lockout has created a small rise in residential power demand, which has caused no stay-at-home advice. Utility companies are adjusting their operations to the COVID-19 environment to provide delayed services. so they may concentrate on enhancing grid resilience and asset management, which are the key priorities for utilities. the use of technology to support access, edge computing, machine learning, and remote monitoring to make sure the electrical grid isn't disrupted, enormous volumes of data and analytics are used.
By Type
Standalone outage management system
Integrated outage management system.
By Component
Software System
Communication System
By End-User Industry
Private Utility
Public Utility
The analysis provides market insights for each region separately, including North America, Europe, Asia-Pacific, and the Rest of the World. Due to an increase in restoration power and a decrease in crew management expenses and outage costs with simple historical facts, the North American Outage Management System market segment dominates this market. The US is the greatest contributor to the North American outage management system market.
Additionally, the US, Canada, Germany, France, the UK, Italy, and Spain are the primary nations examined in the market report.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin American
The Major Players are ABB, General Electric, Oracle, Schneider Electric, Siemens, CGI Inc., Advanced Control Systems, Inc., FUTURA SYSTEMS, INC., Intergraph Corporation, Milsoft Utility Solutions., Survalent Technology Corporation, S&C Electric Company, Open Systems International, Inc., FirstEnergy Corp., Hexagon AB, Kaihen., Westinghouse Electric Company LLC., Power System Engineering, Inc., Ripley Power & Light Company, SEDC and other players listed in the final report.
RECENT DEVELOPMENTS
The market for outage management has shown tremendous growth recently, and this pattern is anticipated to continue. Power outages are a serious worry for utilities and consumers alike due to the growing reliance on electricity for daily life. To reduce the time it takes to restore power, utilities are actively investing in outage management technologies that can instantly detect and identify issues.
These solutions not only aid customers by reducing downtime, but they also assist utilities in reducing costs related to customer complaints and emergency repair work. The market has also witnessed some technology developments, such as AI-based platforms that permit real-time grid operation monitoring. Additionally, the demand for improved outage notification has increased due to increased infrastructure development and the proliferation of smart grids.
| Report Attributes | Details |
| Market Size in 2023 | US$ 5.18 Bn |
| Market Size by 2032 | US$ 10.48 Bn |
| CAGR | CAGR of 8.15% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Standalone outage management system, Integrated outage management system.) • By Component (Software System, Communication System) • By End-User Industry (Private Utility, Public Utility) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | ABB, General Electric, Oracle, Schneider Electric, Siemens, CGI Inc., Advanced Control Systems, Inc., FUTURA SYSTEMS, INC., Intergraph Corporation, Milsoft Utility Solutions., Survalent Technology Corporation, S&C Electric Company, Open Systems International, Inc., FirstEnergy Corp., Hexagon AB, Kaihen., Westinghouse Electric Company LLC., Power System Engineering, Inc., Ripley Power & Light Company, SEDC |
| Key Drivers | • The increasing demand for uninterrupted power supply • Efficient grid management |
| Market Opportunities | • The need for efficient outage management systems |
Ans: The Outage Management Market is to grow at a CAGR of 8.15% over the forecast period 2024-2031.
Ans: The Outage Management Market size is estimated to reach US$ 9.7 Bn by 2031.
Ans: The Outage Management Market size was valued at USD 5.18 Bn in 2023.
Ans: North America is growing at the highest CAGR over 2024-2031.
Ans: Coordination Among Stakeholders, Safety considerations, and Requirement to update and combine outdated systems.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of COVID-19
4.2 Impact of the Russia-Ukraine War
4.3 Impact of Ongoing Recession
4.4 Introduction
4.4.1 Impact on major economies
4.4.1.1 US
4.4.1.2 Canada
4.4.1.3 Germany
4.4.1.4 France
4.4.1.5 United Kingdom
4.4.1.6 China
4.4.1.7 Japan
4.4.1.8 South Korea
4.4.1.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. The Outage Management Market Segmentation, By Type
8.1 Standalone outage management system
8.2 Integrated outage management system
9. The Outage Management Market Segmentation By Component
9.1 Software System
9.2 Communication System
10. The Outage Management Market Segmentation By End-User Industry
10.1 Private Utility
10.2 Public Utility
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1North America The Outage Management Market by Country
11.2.2North America The Outage Management Market by Type
11.2.3 North America The Outage Management Market by Component
11.2.4 North America The Outage Management Market by End User Industry
11.2.5 USA
11.2.5.1 USA The Outage Management Market by Type
11.2.5.3 USA The Outage Management Market by Component
11.2.5.4 USA The Outage Management Market by End User Industry
11.2.6 Canada
11.2.6.1 Canada The Outage Management Market by Type
11.2.6.3 Canada The Outage Management Market by Component
11.2.6.4 Canada The Outage Management Market by End User Industry
11.2.7 Mexico
11.2.7.1 Mexico The Outage Management Market by Type
11.2.7.3 Mexico The Outage Management Market by Component
11.2.7.4 Mexico The Outage Management Market by End User Industry
11.3 Europe
11.3.1 Europe The Outage Management Market by Country
1.3.3.2 Europe The Outage Management Market by Type
11.3.3 Europe The Outage Management Market by Component
11.3.4 Europe The Outage Management Market by End User Industry
11.3.5 Germany
11.3.5.1 Germany The Outage Management Market by Type
11.3.5.2 Germany The Outage Management Market by Component
11.3.5.3 Germany The Outage Management Market by End User Industry
11.3.6 UK
11.3.6.1 UK The Outage Management Market by Type
11.3.6.2 UK The Outage Management Market by Component
11.3.6.3 UK The Outage Management Market by End User Industry
11.3.7 France
11.3.7.1 France The Outage Management Market by Type
11.3.7.2 France The Outage Management Market by Component
11.3.7.3 France The Outage Management Market by End User Industry
11.3.8 Italy
11.3.8.1 Italy The Outage Management Market by Type
11.3.8.2 Italy The Outage Management Market by Component
11.3.8.3 Italy The Outage Management Market by End User Industry
11.3.9 Spain
11.3.9.1 Spain The Outage Management Market by Type
11.3.9.2 Spain The Outage Management Market by Component
11.3.9.3 Spain The Outage Management Market by End User Industry
11.3.10 The Netherlands
11.3.10.1 Netherlands The Outage Management Market by Type
11.3.10.2 Netherlands The Outage Management Market by Component
11.3.10.3 Netherlands The Outage Management Market by End User Industry
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe The Outage Management Market by Type
11.3.11.2 Rest of Europe The Outage Management Market by Component
11.3.11.3 Rest of Europe The Outage Management Market by End User Industry
11.4 Asia-Pacific
11.4.1 Asia Pacific The Outage Management Market by Country
11.4.2 Asia Pacific The Outage Management Market by Type
11.4.3 Asia Pacific The Outage Management Market by Component
11.4.4 Asia Pacific The Outage Management Market by End User Industry
11.4.5 Japan
11.4.5.1 Japan The Outage Management Market by Type
11.4.5.2 Japan The Outage Management Market by Component
11.4.5.3 Japan The Outage Management Market by End User Industry
11.4.6 South Korea
11.4.6.1 South Korea The Outage Management Market by Type
11.4.6.2 South Korea The Outage Management Market by Component
11.4.6.3 South Korea The Outage Management Market by End User Industry
11.4.7 China
11.4.7.1 China The Outage Management Market by Type
11.4.7.2 China The Outage Management Market by Component
11.4.7.3 China The Outage Management Market by End User Industry
11.4.8 India
11.4.8.1 India The Outage Management Market by Type
11.4.8.2 India The Outage Management Market by Component
11.4.8.3 India The Outage Management Market by End User Industry
11.4.9 Australia
11.4.9.1 Australia The Outage Management Market by Type
11.4.9.2 Australia The Outage Management Market by Component
11.4.9.3 Australia The Outage Management Market by End User Industry
11.4.10 Rest of Asia-Pacific
11.4.10.1 APAC The Outage Management Market by Type
11.4.10.2 APAC The Outage Management Market by Component
11.4.10.3 APAC The Outage Management Market by End User Industry
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa The Outage Management Market by Country
11.5.2 The Middle East & Africa The Outage Management Market by Type
11.5.3 The Middle East & Africa The Outage Management Market by Component
11.5.4 The Middle East & Africa The Outage Management Market by End User Industry
11.5.6 Israel
11.5.6.1 Israel The Outage Management Market by Type
11.5.6.2 Israel The Outage Management Market by Component
11.5.6.3 Israel The Outage Management Market by End User Industry
11.5.6 UAE
11.5.6.1 UAE The Outage Management Market by Type
11.5.6.2 UAE The Outage Management Market by Component
11.5.6.3 UAE The Outage Management Market by End User Industry
11.5.7 South Africa
11.5.7.1 South Africa The Outage Management Market by Type
11.5.7.2 South Africa The Outage Management Market by Component
11.5.7.3 South Africa The Outage Management Market by End User Industry
11.5.8 Rest of Middle East & Africa
11.5.8.1 Rest of Middle East & Asia The Outage Management Market by Type
11.5.8.2 Rest of Middle East & Asia The Outage Management Market Mounting.
11.5.8.3 Rest of Middle East & Asia The Outage Management Market by End User Industry
11.6 Latin America
11.6.1 Latin America The Outage Management Market by Country
11.6.2 Latin America The Outage Management Market by Type
11.6.3 Latin America The Outage Management Market by Component
11.6.4 Latin America The Outage Management Market by End User Industry
11.6.5 Brazil
11.6.5.1 Brazil The Outage Management Market by Type
11.6.5.2Brazil The Outage Management Market by Component
11.6.5.3 Brazil The Outage Management Market by End User Industry
11.6.6 Argentina
11.6.6.1 Argentina The Outage Management Market by Type
11.6.6.2 Argentina The Outage Management Market by Component
11.6.6.3 Argentina The Outage Management Market by End User Industry
11.6.7 Rest of Latin America
11.6.7.1 Rest of Latin America The Outage Management Market by Type
11.6.7.2 Rest of Latin America The Outage Management Market by Component
11.6.7.3 Rest of Latin America The Outage Management Market by End User Industry
12. Company Profile
12.1 ABB
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 General Electric
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Oracle
12.4.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Schneider Electric
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Siemens
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 CGI Inc.
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Advanced Control Systems, Inc.
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 .FUTURA SYSTEMS Inc.
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Intergraph Corporation
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Milsoft Utility Solutions
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Kaihen
12.11.1 Market Overview
12.11.2 Financials
12.11.3 Product/Services/Offerings
12.11.4 SWOT Analysis
12.11.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. USE Cases and Best Practices
15. Conclusion
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