Primary Catalyst Driving Outage Management Market Evolution in 2025: Rising Energy Demand And Population Growth Fueling Outage Management Systems Market Driver

What market dynamics are playing a key role in accelerating the growth of the outage management market?
The surge in the energy consumption needs that are fuelled by the growing populace and the fast-paced rate of urbanisation, is the key contributing factor to the market expansion. Such rapid progress necessitates adequate control and distribution of power to prevent potential dangerous mishaps or accidents. For example, the UK government's Department for Energy Security and Net Zero in its published reports from December 2023, revealed that in the third quarter of 2023, the generation of renewable electricity achieved 30.1 TWh. This is a substantial increase of 6.8% from 2022, due to the addition of 2.9 GW of new renewable capacity, including a significant boost in the installations of solar PV and wind equipment. This development has resulted in renewables making up 44.5% of total electricity production. Consequently, the growing necessity for energy consumption, spurred by the expanding population and accelerating urbanization, is influencing the growth trends of the outage management market.

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How will the growth rate of the outage management market shape industry trends by 2034?
In recent years, the size of the outage management market has experienced a significant increase. It is predicted to expand from $1.14 billion in 2024 to $1.36 billion in 2025, maintaining a compound annual growth rate (CAGR) of 19.5%. The considerable growth in the historic period is linked to factors like aging infrastructure, grid reliability, harsh weather conditions, regulatory compliance, and asset management.

The market size for outage management is anticipated to experience swift expansion in the coming years. It's estimated to escalate to a worth of $2.59 billion in 2029, progressing at a Compound Annual Growth Rate (CAGR) of 17.4%. This advancement in the forecast period is a result of multiple factors such as distributed energy resources, electrification initiatives, collaborations between public and private sector, cybersecurity measures, and evolving customer expectations. Significant trends during this forecast period comprise of data and analytics, grid modernization efforts, emergence of microgrids, remote monitoring capabilities, and mobile applications.

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What trends are poised to drive the future success of the outage management market?
The market is experiencing a growing trend in the use of network management systems beyond conventional control rooms, specifically to enhance service restoration to consumers. For instance, in June 2024, US electric utility company, Duquesne Light Company (DLC), introduced a novel Outage Management System (OMS), equipped with a versatile and informative outage map, made available on the company's website and mobile app. This vital advancement is a part of DLC's ongoing commitment to modernizing the electrical grid, which in turn optimizes the outage restoration mechanism and delivers superior service to users. The innovative technology provides enhanced transparency, real-time tracking of outages across the company's service area, and better outage communication.

Which primary segments of the outage management market are driving growth and industry transformations?
The outage management market covered in this report is segmented -

1) By Type: Software, Services
2) By Product: Integrated, Standalone
3) By End User: Public Utility, Private Utility
4) By Application: Residential, Commercial

Subsegments:
1) By Software: Outage Management System (OMS), Geographic Information System (GIS), Mobile Workforce Management Software, Customer Engagement Software, Data Analytics And Reporting Tools
2) By Services: Consulting Services, Implementation Services, Training and Support Services, Maintenance And Upgrades, Managed Services

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Which geographical regions are pioneering growth in the outage management market?
North America was the largest region in the outage management market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the outage management market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the influential players reshaping the outage management market landscape?
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

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What Is Covered In The Outage Management Global Market Report?

•Market Size Forecast: Examine the outage management market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the outage management market for a structured understanding.
•Key Players Overview: Analyze major players in the outage management market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the outage management market.
•Segment Contributions: Evaluate how different segments drive overall growth in the outage management market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the outage management market.
•Industry Challenges: Identify potential risks and obstacles affecting the outage management market.
•Competitive Landscape: Review strategic developments in the outage management market, including expansions, agreements, and new product launches.

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