The Outage Management System Market was valued at USD 5.60 billion in 2024 and is expected to reach USD 10.48 billion by 2032, growing at a CAGR of 8.15%. Market growth is driven by the demand for smart grid technology and the need for rapid response to power outages. Utilities are investing in predictive software for real-time monitoring and renewable energy sources.

Key players in the market include ABB, General Electric, Oracle, and more. Standalone outage management systems dominated the market in 2024, while integrated systems are projected to grow fastest from 2025 to 2032. Software systems and communication systems are key components driving market growth, along with private and public utility end-users.

The North America Outage Management System Market is propelled by smart grid deployment and regulatory support, while the Asia Pacific market is expanding due to urbanization and energy demand. ABB and GE have introduced upgraded OMS suites with predictive analytics and enhanced grid operations packages to improve restoration times.

SNS Insider offers exclusive sections in their Outage Management System Market Report, focusing on innovation, operational efficiency, market metrics, regulatory compliance, and technological integration. Their goal is to provide clients with the necessary knowledge to make informed decisions in a rapidly changing market landscape.

Read more at GlobeNewswire: Outage Management System Market Size to Hit USD 10.48