The global demand for Active Network Management Market is presumed to reach the market size of nearly USD 2.93 MN by 2028 from USD 1.02 MN in 2021 with a CAGR of 16.2% under the study period 2022 - 2028.
Active network management refers to the control system that manages generation and load for specific purposes. It connects different components of a smart grid, including smaller energy generators, renewable generation and storage devices, with the help of software and controls the operation of these devices. It helps in keeping the voltage, power, phase balance, reactive power and other parameters within a predetermined limit. Some of the operating methodologies of active network management include data acquisition and management, and substation and network monitoring. It detects any faults on the system and prevents outages from happening.
Market Dynamics
The key factor driving the demand for the active network management market is the high demand for power supply and the rising need for efficient power management solutions. Rising renewable energy commercialization, including solar and wind energy, is contributing to the growth of this market. The increasing demand for smart energy planning in smart city projects is fostering the demand for this market. In addition, the advancements in renewable energy generation and infrastructural expansions in the emerging economies are propelling the demand for this market. Furthermore, growing investments in smart grid projects are boosting the demand for this market. However, the high implementation cost of smart grid systems may obstruct the demand for this market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of active network management. The growth and trends of active network management industry provide a holistic approach to this study.
Market Segmentation
This section of the active network management market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application- Grid Asset Monitoring
- Real Time Monitoring
- Others
- Automation
By Industries- Energy And Utility
- Transportation
- Government
- Others
By ComponentBy Enterprise SizeRegional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Active Network Management market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Active Network Management Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the active network management market include ABB Ltd, Chemtrols Industries Pt. Ltd., Cisco Systems, Inc., General Electric, IBM Corporation, Kelvatek Ltd., Oracle Corporation, Schneider Electric SE, Siemens AG, and Smarter Grid Solution. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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