The outage management system market is forecast to grow at a compound annual growth rate of 8.3% during the forecast period. The market is estimated to be worth US$ 5.11 billion as of 2023 and is expected to reach US$ 11.34 billion by 2033. The outage management system, or OMS, is a set of computer-based tools designed to facilitate the management of outages within electrical distribution networks. In order to re-connect the grid to the distributed system, these devices are primarily used by the grid and distributed system supervisors.
Having an outage management system in place provides alerts and identification of outages in real-time. In addition, they provide real-time insight into the system and track outages throughout the operations. In addition to alerting customers about outages and repairs, OMS systems also provide them with assistance. Reduced outage durations and maintenance, accurate outage predictions, and outage location are driving the market for outage management systems.
As a result of growing market demand for improved customer service as well as increased levels of consumer satisfaction, there are expectations that the OMS market will grow. The utility companies that are large use software to monitor outages. The utilities that are smaller only use individual technicians to monitor outages directly or only use limited amounts of automation to monitor them. Utilities can gain more benefits from investing in an OMS once their service territories have grown large enough.
The data center provider, Dominion Energy Virginia, through implementing Oracle Utilities Outage Management System and Oracle Utilities Network Management System, Oracle Utilities Outage Management System enables Oracle Utilities Network Management System to provide better network visibility, increased reliability, and improved outage response through advanced distribution management (ADMS). To plan and execute key switching activities across its network, the utility has been using Oracle Utilities Network Management System (NMS) for over 10 years.
Various technologies are being developed by manufacturers to create an outage management system that will meet the needs of the market. For instance, IPS created a technology-based CIM Outage Management System that allows transmission organizations to integrate AUTOMAP CIM Network Connectivity with Asset Management Data.
The National Electrical Code, as well as local, state, and federal laws, must be followed when designing, operating, and maintaining outage management systems. Security and data protection are important when designing an outage management system, including a means for identifying users and logging them in. For change control procedures to become a documented part of outage management systems, they must be able to authorize, test, and document changes to them. As part of an outage management system, procedures, and controls must be incorporated to ensure data entry accuracy. For an outage management system to be considered effective, it must be subject to verification and validation for the accuracy, completeness, and timeliness of the data.
The use of fault detection and isolation automated systems can speed up the time and cost of repairing an outage by quickly identifying the cause of the problem and isolating the affected area. A smart grid can provide real-time monitoring and response to outages, making it possible to detect and resolve them faster. Also, predictive analytics can be provided through these technologies to anticipate outages and take measures to prevent them.
With advanced metering infrastructures, customers can receive real-time updates regarding outages and have their data collected and analyzed in real time. Data analytics can help detect outages before they occur by identifying patterns in the data. Outages can therefore be minimized, and time and expenses associated with repairs can be reduced. A system for automating outage response can significantly improve the ability to find outages and respond to them in a timely manner. Repairs can be made much faster and more cost-effective when they are done in advance.
| Data Points | Key Statistics |
|---|---|
| Estimated Base Year Value (2022) | US$ 4.8 billion |
| Expected Market Value (2023) | US$ 5.11 billion |
| Anticipated Forecast Value (2033) | US$ 11.34 billion |
| Projected Growth Rate (2023 to 2033) | 8.3% CAGR |
Outage Management System is computer aided system that is used by electric distribution systems. Outage management system is used by distributed and grid system supervisor to return power to the grid.
Outage management system is used for identifying the outages and record the history of outages throughout the operation and provide real-time insights into the systems. Outage management system connects the control room with an integrated grid that allows utilities to isolate outage, provide faster restoration and allows planning of isolations and outages.
Outage management system helps to reduce the duration of outages and maintenance, provides efficient prediction of outages and its location and also help in reduction of in the number of complaints registered by end users. Outage management system integrates with SCADA, distribution automation, advanced metering infrastructure, customer information system, and geographic information system.
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Adopting SCADA System for Strategic Decisions to Boost Outage Management System Market Growth
SCADA system has the inbuilt redundancy feature and backup system to provide reliability and these systems are consistent and faster than the manual process. SCADA system not only collects the data but also deliver automated control that is beneficial for utilities. The alarms detect the problem in the system and the problem is corrected, which prevents outage.
This real-time view into operation can help to prevent small problems from becoming big ones, to optimize the power distribution system for maximum efficiency and can also increase the speed of restoration. In the event of outage caused due to some event like storms, SCADA system’s advanced data capability help the field workers to identify the exact location of outage.
SCADA system provides dynamic dashboards, historic information with online data in order to provide meaningful data to the decision maker.
Integration of Outage Management System with Advance Metering Infrastructure
Advanced metering infrastructure is a key component of smart grid plan. Integration of outage management system with advanced metering infrastructure enhance the functionality and improve the outage management process. As the advanced metering infrastructure are well equipped it provides outage management system an outage notification message from the meter when it loses voltage.
The proper interface between advance metering infrastructure and outage management system and the right communication infrastructure and meter can enable to send message from the outage management system to query if a meter is in service. The meter can be pinged directly assuming that advanced metering infrastructure communications permits it, or it is pinged to determine the status of a meter.
Integration of outage management system with advanced metering infrastructure provide value through restoration notification. This system provide confirmation to distribution operator that customer has restored downstream of particular protective device. The restoration notification is transmitted from the restored meter to outage management system. Restoration notification can notify additional problems to the field personnel.
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The key players in the Outage Management System are
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global Outage Management System market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with Outage Management System market attractiveness as per segments.
The report on Outage Management System market also maps the qualitative impact of various factors on Outage Management System market segments and geographies.
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1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Type 6.2. Component 6.3. End User 7. Global Market Analysis and Forecast, By Type 7.1. Standalone OMS 7.2. Integrated OMS 8. Global Market Analysis and Forecast, By Component 8.1. Software System 8.2. Communication System 9. Global Market Analysis and Forecast, By End User 9.1. Public Utilities 9.2. Private Utilities 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East & Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries 15. South Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Oceania Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Type, Component, and End User for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. ABB Ltd 20.2. General Electric Company 20.3. Oracle Corporation 20.4. Siemens AG 20.5. Schneider Electric SE 20.6. Open System International 20.7. Telvent GIT 20.8. Intergraph Corporation
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Outage Management System Market
