Active Network Management Market Research, 2030
The global Active Network Management Market Size was valued at $782.80 million in 2020, and is projected to reach $3.2 billion by 2030, growing at a CAGR of 15.2% from 2021 to 2030.
Active network management is a solution for managing smart grids that connects separate components of a smart grid such as renewable generation, storage devices, and smaller energy generators. It creates an intellectual energy infrastructure that automatically controls various components of the energy network and provides information to ensure that all systems are controlled in an optimal manner.
Major drivers of the global Active Network Management Market Growth include increase in need for efficient power management solutions, surge in demand for smart energy planning in smart cities projects, and increase in renewable energy generation.
The active network management market is segmented into type, application, enterprise size, industry vertical, and region. Depending on type, the market is divided into software and services. On the basis of application, it is categorized into automation, grid-asset monitoring, real-time monitoring, and others. By industry, it is fragmented into energy & utilities, transportation, government, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Automation application segment domiantes the global activer network management market
In 2021, on the basis of component, the software segment dominated the Active Network Management Market Share, and is expected to maintain its dominance in the upcoming years. This is attributed to increase the demand for efficient power distribution management systems and load balancing modules in power grids. Several European countries, including the UK, Germany, the Netherlands, and Belgium are implementing smart energy distribution systems for optimized power allocation. Active network management software solutions include various management suites and platforms such as advanced metering infrastructure (AMI), distribution automation, geographic information system, outage management, and telecommunication network management. For instance, in February 2019, ABB launched its new ABB Ability e-mesh solution. This solution would provide power grid operators an integrated, single, and unified view of its distributed energy resources (DERs), such as microgrids, battery energy storage systems (BESS), and renewable power generation.
Services segment is expected to witness highest growth rate in the upcoming years.
North America registers the fastest growth in global active network management market, in terms of technological advancements and adoption. It possesses well-equipped infrastructure and the ability to afford active network management solutions. Furthermore, General Electric and Oracle Corporation are major players in the active network management market in North America and are investing heavily in smart power distribution solutions. Vendors in this market come up with innovative active network management solutions to cater to various operational and development demands among industry verticals, including energy & utility, transportation, and government. Furthermore, rise in need for automation solutions and increase in adoption of active network management solutions contribute toward the growth of the market in North America. However, Asia-Pacific is expected to grow at the highest CAGR during the Active Network Management Market Forecast period. Leading players are focusing on Asia-Pacific to expand their business, as the region is expected to witness increase in deployment of automated application. Industry participants have realized the importance of effective integration between conventional and renewable energy generation. Asia, with countries such as China, Japan, and India, is an emerging market for active network management solutions, due to rise in investment in electricity generation for various industry verticals such as energy & utility, transportation, government, and construction. Moreover, with surge in industrialization in the emerging countries including China, South Korea, and India, the market for active network management is expected to witness rapid grow during the forecast period.
Some of the key industry players profiled in the report 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.
COVID-19 Impact Analysis
The current estimation of 2030 is projected to be higher than pre-COVID-19 estimates. Over the previous 18 months, almost every industry in the world has suffered a setback. This can be ascribed to severe disruptions in their respective manufacturing and supply chain operations as a result of various precautionary lockdowns and other limitations imposed by governments all over the world. The same applies to global active network management market. Furthermore, consumer demand has decreased as people are now more focused on removing nonessential expenses from their budgets since the general economic situation of most people has been negatively impacted by the outbreak. The aforementioned factors are likely to weigh on the global active network management market's revenue trajectory.
Key Impacting Factors :
Increase in Need for Efficient Power Management Solutions
Surge in need for efficient power distribution and real-time controlling of electricity supply is expected to fuel the growth of the active network management market across the globe. In addition, several smart grid applications such as substation automation, communication controls, real-time grid system monitoring, and sensor communication are being processed through active network management module. With increased efficiency and accurate grid control system, various industries, including oil & gas, mining, transportation, and governments are adopting active network monitoring at an elevated pace. Moreover, the active network management solution provides optimized demand response process for power distribution in remote as well as highly populous areas, which, in turn, is expected to drive the market growth during the forecast period.
Surge in Demand for Smart Energy Planning in Smart Cities Projects
Several North American, European, and Asian countries, including Canada, U.S., UK, Germany, the Netherlands, Spain, Sweden, India, China, and Japan are rapidly investing in smart cities development. In city planning, energy management and power distribution monitoring are considered as primary factors to maintain smooth flow of uninterrupted power supply across the cities. Active network management delivers advanced analytics for network control, high grid stability, real-time power evaluation, and many other operational needs to stabilize a city’s power distribution platform. Moreover, Internet of Things (IoT) devices integration in smart cities infrastructure has acted as a key growth factor of the global market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the Active Network Management Industry segments, current trends, estimations, and dynamics of the active network management market analysis from 2020 to 2030 to identify the prevailing active network management market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the Active Network Management Market Size segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the Active Network Management Industry players.
- The report includes the analysis of the regional as well as global active network management market trends, key players, market segments, application areas, and market growth strategies.
Active Network Management Market Report Highlights
By Enterprise Size
Key Market Players
SMARTER GRID SOLUTIONS, SCHNEIDER ELECTRIC S.E., GENERAL ELECTRIC COMPANY, ABB LTD., IBM CORPORATION, ORACLE CORPORATION, KELVATEK LTD., CHEMTROLS INDUSTRIES PVT. LTD., SIEMENS AG, CISCO SYSTEMS INC.
In accordance with the insights from CXOs of leading companies, the active network management market has higher potential for growth. Presently, the adoption of active network management in transportation is on rise due to power distribution for signaling and electric railway management. In addition, rapid urbanization in emerging regions such as China, Brazil, Mexico, Russia, South Africa, and India has created significant growth potential for the active network management market. Key market players have adopted efficient techniques to develop innovative networking solutions for power grids and substations.
Prominent active network management providers account for a significant share of the market. The threat from new entrants is high in the market due to supportive government policies and a strong economic base. Increase in the adoption of smart power solutions among several industries, including energy & utility, oil & gas, mining, and transportation has given rise to market growth in technology centric regions including North America, Europe, and Asia-Pacific. In addition, installation, training & support, and managed service offerings from key vendors are anticipated to augment the market growth in the future.
In terms of value, North America accounted for the largest share of the active network management market in 2021, due to advancements in IoT and surge in demand for smart power distribution network management in the U.S. Asia-Pacific and Europe are expected to grow at significant growth rates, owing to lucrative opportunities offered by countries such as Finland, Sweden, the Netherlands, China, Japan, and India.