The rising need for power supply management from dispersed renewable energy sources, as well as the need to prevent overloading power grids and make the most use of the energy available, are driving reasons for the adoption of network infrastructure management solutions. Smart grids of today use a variety of sophisticated methods to regulate power supply and combine new energy sources, including renewable sources. ANM is a software solution for power grids that aids in the prevention of voltage range violations, imbalances between power generation and consumption, and overload. ANM has proved to be a dependable option for grid stability, voltage control, and peak load management. Smart grid development throughout the world, as well as increased use of renewable energy sources, are driving smart grid businesses to broadly use ANM solutions. However, a lack of awareness of sophisticated smart grid technologies in emerging nations is likely to hinder active network management market growth over the forecast period.
This report contains all the information on the global active network management market research report and its strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global active network management market analysis forecast for 2024 is also included in the report.
Active Network Management Market COVID-19 Analysis:
The active network management market had considerable low growth as a result of the Covid-19 epidemic. For example, the lockdown resulted in a significant decrease in electricity usage (20-22 percent in the first ten days of the lockdown). Electricity use by commercial and industrial consumers, as well as railways, has decreased dramatically. Because these consumers cross-subsidize domestic and agricultural consumers, the income loss is considerably greater, affecting total demand for active network management.
Market Dynamic:Drivers:
The increased need for active network management is expected to fuel the global development of the active network management market growth among end-user industries via improved uptime, dependability, alarm monitoring, and active alerts. Active network management is a trend and a top priority for many sectors, owing to the potential to optimize energy distribution management.
The present and suggested solutions are typically a mix of ANM and protective systems, but under certain situations, they can expose every separate system to erroneous operation due to the nature of the other.
Cumulative Growth Analysis:
As the number of smart city projects grows, smart energy distribution techniques will become more prevalent. The Consumer Technology Association predicts that global investment on smart city development would reach USD 34.35 billion by 2020. Furthermore, according to the United Nations Population Fund, 54 percent of the world's population, or roughly 3.3 billion people, resided in urban areas in 2014. By 2030, urban regions are anticipated to house about 67 percent of the overall population. The LoRa Alliance said in January 2020 that it will provide numerous demos at DISTRIBUTECH 2020 that would make a strong case for LoRaWAN's usage in metering, utilities, and smart city applications.
Value Chain Analysis:
According to the reports, the worldwide active network management (ANM) market is divided into four sections: component, organization size, application, and region/country. The market has been divided into two components: software and services. Professional and managed services have been added to the services section. The research includes consultancy services, implementation and integration services, and support and maintenance services. The market has been divided into two segments based on organization size: big businesses and small and medium-sized enterprises (SMEs).
The market has been divided into four applications: electricity production, power grid and transmission, oil and gas, and water treatment and distribution. The active network management market has been divided into four regions: North America, Europe, Asia-Pacific, and the rest of the world. North America is divided into the United States, Canada, and Mexico; Europe into Germany, the United Kingdom, France, and the rest of Europe; Asia-Pacific into China, India, Japan, and the rest of Asia-Pacific; and Rest of the World into the Middle East and Africa and South America.
Active Network Management Market Segmentation Overview:
The active network management market is segmented on the basis of component, organization size, application, and region/country. The global active network management (ANM) market is expected to witness decent growth during the forecast period.
By Application:Based on the application, the active network management market is segmented into electricity production, power grid and transmission, oil and gas, and water treatment and distribution.
By end-users:Based on the propulsion types, the active network management market is segmented into big businesses and small and medium-sized enterprises (SMEs).
Active Network Management Market Regional Analysis:
During the forecast period of 2018 to 2023, the worldwide market for ANM is expected to develop at a modest rate. The worldwide ANM market has been geographically analyzed for North America, Europe, Asia-Pacific, and the rest of the globe. During the projected period, North America is estimated to lead the active network management market. North America is regarded as the most advanced area in terms of the development and acceptance of novel electrical and electronic technology.
The area has enormous income generation potential in the active network management industry, notably through smart grid initiatives. During the forecast period, the United States is anticipated to be the dominant nation in the North American active network management market sales. During the projected period, Asia-Pacific is predicted to expand at the quickest rate. Rapid progress toward the transition of traditional grids into smart grids is projected to drive market growth in the APAC region. In terms of market share, China, Japan, and India have led the APAC area, and this trend is likely to continue in the future years.
Active Network Management Market Competitive Landscape:
Many companies in the worldwide active network management market are growing their technical prowess, according to recent trends, with higher expenditures in research and development (R&D) operations. To improve on their product offerings and expand their client bases, the majority of the firms have followed an organic growth approach.
Recent Developments:
In February 2023, Siemens inked a strategic alliance with EnergyHub to build a holistic scalable DER management system (Distributed Energy Resources) through which Siemens’ software takes into consideration all the distributed energy sources to enhance network planning, operation and maintenance. This synergy between Siemens and EnergyHub enables utilities to make the best use of both Siemens' network expertise and EnergyHub's leading grid capabilities, as well as a comprehensive portfolio element for next-gen DERMS. It is seen that this would enable utilities to achieve zero net emissions by using distributed energy resources as an alternative to wiring, reducing the need for investment in hardware.
In January 2023, Expeto, Inc. entered into an agreement with Portland General Electric (PGE), a well-known provider of public and private mobile networks, in order to expedite progress in grid modernization together with integrating renewable energy sources. The private wireless network provided by Portland General Electric will streamline automated grid resilience and provide intelligent sensors and equipment for field monitoring purposes while uniting workers aimed at enhancing employee safety besides offering public charging stations for electric vehicles on the grid. The collaboration is set to accelerate clean energy adoption and upgrade the grid infrastructure.
In August 2023, GE Digital revealed GridOS, an extensive software suite designed for easy orchestration of grids. Developed specifically for transforming today’s electric grids into cleaner sources of power, GridOS comes with a secure platform supported by robust applications. The clean energy transition requires resiliency and agility across utility companies worldwide; hence, GridOS provides them with the necessary infrastructure from cloud service providers and system integrator partners needed for accelerated grid modernization, enabling the expansion of the clean energy grid.
In June 2023, Siemens is reinforcing its commitment to hastening the move towards sustainable energy with its newest software, LV Insights X, which falls under its Xcelerator portfolio. DSOs who run distribution grids now have the opportunity to tackle one of the key problems of our time— improvement of grid capacity at a large scale —by using this innovative software. This is mainly due to the fact that existing systems are under strain while new consumers like electric vehicle (EV) chargers and heat pumps, as well as decentralized renewable energy sources, are rapidly increasing in number. LV Insights X gives DSOs total visibility into their low voltage network, which will result in a significant reduction in outage times, up to a 30% increase in grid capacity and identification of critical segments.
On the basis of component, the Active Network Management Market has the following segments:
On the basis of organization size, the market has the following segments:
On the basis of application Area, the Active Network Management market has the following segments:
On the basis of Region, the market has the following segments:
| Report Attribute/Metric | Details |
| Â Â Market Size | Â USD 3.3 Billion By 2030 |
| Â Â CAGRÂ | Â 14.60% From 2022 to 2030 |
| Â Â Base Year | Â Â 2021 |
| Â Â Forecast Period | Â Â 2022-2030 |
| Â Â Historical Data | Â Â 2018 |
| Â Â Forecast Units | Â Â Value (USD Billion) |
| Â Â Report Coverage | Â Â Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Â Â Segments Covered | Â Â Type, Component, and Application |
| Â Â Geographies Covered | Â Â North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Â Â Key Vendors | IBM Corporation (US), Cisco Systems, Inc. (US), Siemens AG (Germany), Schneider Electric (France), Oracle Corporation (US), GE (US), Landis+Gyr (Switzerland), Itron, Inc. (US), ABB Ltd (Switzerland), Camlin Ltd (Ireland), ZIV (Spain), Argand Solutions (UK), Chemtrols Industries Pvt. Ltd (India), Smarter Grid Solutions (Scotland) |
| Â Â Key Market Opportunities | Â Â New product launches and R&DÂ Â Â Amongst major Companies |
| Â Â Key Market Drivers | Increased need for active network management Increased need for active network management |
Active Network Management Market Highlights:
Frequently Asked Questions (FAQ) :
The software asset management market can thrive at 14.60% CAGR by 2030.
The software asset management market can value at USD 3.3 Billion by 2024.
In 2019, the software asset management market valued at USD 728.3 Mn.
Chemtrols Industries Pvt. Ltd (India), Argand Solutions (UK), and Smarter Grid Solutions (Scotland) are some reputed names in the software asset management market.
The APAC software asset management market can make considerable revenue by 2030.
Senior Research Analyst Ankit gupta is an analyst in market research industry in ict and semi industry. with post-graduation in "telecom and marketing management" and graduation in "electronics and telecommunication" vertical he is well versed with recent development in ict industry as a whole. having worked on more than 150+ reports including consultation for fortune 500 companies such as microsoft and rio tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
