Active Network Management Market Size – Industry Structure Evaluation, Demand Drivers Analysis, Regional Growth Analysis and Identification, Competitive Positioning Review & Global Market Size Forecast to 2030
Overview
The Active Network Management Market size was valued at USD 636.06 Million in 2023 and the total Active Network Management revenue is expected to grow at a CAGR of 15.35% from 2024 to 2030, reaching nearly USD 1728.31 Million.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Active Network Management Market Dynamics:
Major driving factors for the global active network management market are growth implementation of IoT/connected devices across the energy and utilities ecosystem, rising number of smart city projects leading to the implementation of smart energy distribution strategies, and increasing demand for uninterruptible transmission of electricity among end users. The global active network management market is growing rapidly because of growth in renewable energy (solar and wind power) commercialization.
The growth in renewable energy commercialization and increasing demand for uninterruptable transmission of electricity among users which will drive the market during forecast period. Global active network management (ANM) software helps to manage network constraints in real-time to avoid the reinforcement or replacement of existing assets. The system is employed by distribution network operators (DNOs) to facilitate the connection of renewable group to distribution networks. The global active network management market systems maintain and manage the network parameters, like as a voltage, power, phase balance, reactive power, and frequency within predetermined limits, thereby increasing the consumption of network assets and reducing infrastructure costs.
Active Network Management Market Segment Analysis:
On the basis of application segment, power segment is projected to hold the largest market size in the global active network management market. The network complexities in power industries are increasing day by day. Global Active network management software helps power companies meet the challenges of aging grid infrastructures, monitor the power system operations, maintain the balance between power generation and production, and provide a fast and efficient way to restore services after interruptions.
On the basis of Component segment, it is projected to hold the largest market share in the global active network management market. The global active network management market software helps DNO to display current load flow and flow direction in networks, and calculates load values, voltage range violations, and overload situations. global active network management market software are gaining traction owing to the increasing demand among enterprises to monitor and control the operations of all network components, like smaller energy generators, renewable generation, and storage devices.
Active Network Management Market Regional Insights:
Geographically, North America is projected to account for the highest market share in 2030, the global market. Early adoption of global active network management market software and the presence of several vendors that provide this software are expected to drive market growth in the region. Businesses in the region is increasingly implementing global market solutions to better manage network operations across applications in the power, and energy and utilities industries.
This report includes market size for value (USD), both top-down and bottom-up approaches have been used to estimate and validate the market size of global market, to estimate the size of different other dependent submarkets in the overall market. Key trends in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been unwavering using secondary sources and verified primary sources.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Active Network Management Market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Active Network Management Market.
Active Network Management Market, Key Highlights:
• Global market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global market
• Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global market are also profiled.
Active Network Management Market Scope: Inquire before buying
| Active Network Management Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 636.06 Mn. |
| Forecast Period 2024 to 2030 CAGR: | 15.35% | Market Size in 2030: | USD 1728.31 Mn. |
| Segments Covered: | by Component | Software Services |
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| by Organization Size | Large Enterprises Small and Medium-Sized Enterprises |
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| by Application Area | Power Energy and Utilities Others |
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| by Industry | Energy & utility Transportation Government Others |
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Active Network Management Market by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Leading Players in the Global Active Network Management Market are:
1. ABB LTD
2. Oracle Corporation
3. GE
4. IBM Corporation
5. Itron
6. Landis+GYR
7. Indra
8. Camlin
9. Smarter Grid Solutions
10. ZIV
11. Argand Solutions
12. Chemtrols Industries Pvt. Ltd.
13. Cisco Systems, Inc.
14. General Electric Company
15. IBM Corporation
16. Kelvatek Ltd.
17. Schneider Electric
18. Siemens AG
Frequently Asked Questions:
1. Which region has the largest share in Global market?
Ans: North America region held the highest share in 2023.
2. What is the growth rate of Global market?
Ans: The Global market is growing at a CAGR of 15.35% during forecasting period 2024-2030.
3. What is scope of the Global market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global market?
Ans: The important key players in the Global market are – ABB LTD, Oracle Corporation, GE, IBM Corporation, Itron, Landis+GYR, Indra, Camlin, Smarter Grid Solutions, ZIV, Argand Solutions, Chemtrols Industries Pvt. Ltd., Cisco Systems, Inc., General Electric Company, IBM Corporation, Kelvatek Ltd., Schneider Electric, and Siemens AG.
5. What was the Global Active Network Management Market size in 2023?
Ans: The Global Active Network Management Market size was USD 636.06 Million in 2023.