Active Network Management Market Size & Share, by Component (Software, Services); Enterprise Size (Large Enterprises, SMEs); Verticals (Energy & Utility, Transportation, Government); Application (Grid Asset Monitoring, Real-Time Monitoring, Automation, Power) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5605
  • Published Date: Feb 06, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Active Network Management Market size is expected to cross USD 12 Billion by the end of 2036, growing at a CAGR of 21% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of active network management was over USD 1 Billion. The deployment of Internet of Things (IoT)-connected devices throughout utility ecosystems is driving the growth of the market. The number of Internet of Things (IoT) devices worldwide is expected to nearly double from 15.1 billion in 2020 to over 29 billion by 2030. China will have almost 8 billion consumer IoT devices by 2030, making it the country with the most of any country.

In addition to these, the market would grow as a result of companies' growing need to increase operational efficiencies, shorten time to market, and save costs and capital expenditures. Moreover, businesses' requirements for adopting cloud apps largely rely on their digital transformation plans and network development. A lot of companies are changing the way they measure the delivery of customer experiences and traditional network performance parameters.


Active Network Management Market
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Active Network Management Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 21%

Base Year Market Size (2023)

 ~ USD 1 Billion

Forecast Year Market Size (2036)

 ~ USD 12 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Active Network Management Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Increased Requirement for Smart Energy Scheduling in Smart Cities Initiatives- Smart city development is receiving significant investment from some North American, European, and Asian nations, such as Canada, the United States, the United Kingdom, Germany, the Netherlands, Spain, Sweden, India, China, and Japan. Energy management and power distribution monitoring are regarded as the two essential components of city planning that ensure a continuous and smooth supply of electricity throughout the city. In order to sustain a city's power distribution platform, active network management provides sophisticated analytics for network control, high grid stability, real-time power evaluation, and many other operational needs. Furthermore, a major driver of the global market's growth has been the integration of Internet of Things (IoT) devices into the infrastructure of smart cities. By 2050, it's predicted that 60% of people on Earth will reside in smart cities. Over 73% of all connected devices will have something to do with smart cities by 2021.
  • Growing Requirement for Effective Power Management Systems- Global demand for effective power distribution and real-time energy supply control is anticipated to drive the growth of the active network management market. Furthermore, the active network management module processes a number of smart grid applications, including sensor communication, communication controls, real-time grid system monitoring, and substation automation. Active network monitoring is being adopted at a rapid rate by several industries, including oil and gas, mining, transportation, and government agencies, thanks to improved efficiency and precise grid control systems. Additionally, the improved demand response method that the active network management solution offers for power distribution in both rural and densely populated locations is anticipated to propel market expansion throughout the research period.
  • Government Initiatives to Boost Market Growth- Around the world, governments aimed to implement smart governance to tackle the issues of urban densification and insufficient provision of essential utilities, including water, sanitation, and electricity. In addition, the digital revolution has altered every significant industry and permeated almost every facet of urban life. As a result, during the past few months, the market has been steadily rising. Moreover, growing expenditures from solution providers are observed to support R&D efforts to create ANM solutions.

Challenges

  • Negative Impact of COVID-19- Practically every business in the world has experienced a setback as a result of the COVID-19 epidemic. This can be attributed to significant interruptions in their individual supply chains and manufacturing processes as a result of numerous precautionary lockdowns and other restrictions put in place by governments across the globe. The global market for active network management is no different. Furthermore, as the outbreak has badly impacted the general economic status of most individuals, there has been a decline in consumer demand as people are now more focused on cutting non-essential expenses from their budgets. The revenue trajectory of the worldwide active network management market is probably affected by the aforementioned variables.
  • It is anticipated that emerging countries lack of robust IT infrastructure will restrict market expansion.
  • It is projected that in the near future, the expansion of the active network management industry would be constrained by the high implementation costs of smart grid technologies.


Active Network Management Segmentation

Application (Grid Asset Monitoring, Real-Time Monitoring, Automation, Power)

Based on application, grid asset monitoring is anticipated to hold 40% share of the global active network management market during the forecast period. Growing environmental concerns have led to an increase in demand for smart grids. Energy consumption has increased dramatically over time, and between January 2022 and September 2022, almost USD 25 billion was invested globally in energy storage and smart grids. Energy storage firms are essential to the switch from fossil fuels to sustainable energy sources, hence it is anticipated that these investments will increase. Grids are receiving more input from renewable energy sources than they were intended to because of the rising demand for electricity. Given that over 70% of downtime and maintenance expenses are attributed to malfunctioning or aged transformers, transformer monitoring is crucial. Active network management (ANM) and asset performance management (APM) are crucial technologies for implementing this transformation. The US Department of Energy (DoE) projects that by 2026, US electric utilities would have invested a total of 24.5 billion USD in capital projects related to IT and OT digital technologies. 16.4 billion USD of this will go into smart grid systems and technologies.

Component (Software, Services)

Based on component, the active network management market share was dominated by the software segment with about 55% share, and this trend is anticipated to continue in the years to come. This is explained by the rise in demand for effective load-balancing modules and power distribution management systems in power grids. Several European nations, such as Belgium, the Netherlands, Germany, and the United Kingdom, are putting smart energy distribution systems into place to allocate power more efficiently. A variety of management suites and platforms, including advanced metering infrastructure (AMI), distribution automation, geographic information systems, outage management, and telecommunication network management, are included in active network management software solutions. For example, ABB introduced its new ABB Ability e-mesh solution in February 2019. An integrated, unified, and single picture of the distributed energy resources (DERs), such as microgrids, battery energy storage systems (BESS), and renewable power generation, will be made available to power grid operators by this solution.

Our in-depth analysis of the global market includes the following segments:

          Component

  • Software
  • Services

          Enterprise Size

  • Large Enterprises
  • SMEs

          Verticals

  • Energy & Utility
  • Transportation
  • Government

          Application

  • Grid Asset Monitoring
  • Real-Time Monitoring
  • Automation
  • Power

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Active Network Management Industry - Regional Synopsis

North American Market Forecast

Active network management market in the North America region is projected to hold the largest market share of about 35% during the projected period. In terms of technology developments and adoption, North America is leading the worldwide market with the fastest growth. It has an infrastructure that is well-equipped and can afford active network management solutions. Additionally, two of the biggest companies in North America's active network management sector, General Electric and Oracle Corporation, are making significant investments in smart power distribution technologies. Innovative active network management solutions are developed by vendors in this market to meet the needs of several business verticals, such as government, transportation, and energy & utilities. The Energy Information Administration estimates that in 2021, the advanced (smart) metering infrastructure (AMI) installations held by US electric utilities accounted for around 111 million installations, or almost 69% of all electric meter installations.

APAC Market Statistics

Active network management market in Asia Pacific region is expected to hold second second-largest market share of about 27% during the forecast period. As the adoption of automated applications is predicted to increase in the Asia-Pacific area, major players are concentrating their efforts there to grow their businesses. Industry players understand how critical it is to integrate the production of conventional and renewable energy sources effectively. Moreover, the market for active network management is anticipated to expand quickly throughout the forecast period due to the spike in industrialization in rising nations like China, South Korea, and India.

Research Nester
Active Network Management Market size
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Companies Dominating the Active Network Management Landscape

top-features-companies
    • Siemens AG
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Expeto, Inc.
    • Schneider Electric SE
    • Argand Solutions
    • ABB Ltd.
    • General Electric Company
    • Smarter Grid Solutions Ltd.
    • Oracle CORPORATION
    • Cisco Systems Inc.
    • IBM Corporation

In-the-news

In The News

  • Siemens entered into a strategic partnership with EnergyHub to create a holistic and scalable next-generation DER management system (Distributed Energy Resources). Siemens' software will play a pivotal role in enhancing the planning, operation, and maintenance of networks by considering all the distributed energy sources. This collaboration between Siemens and EnergyHub empowers utilities to leverage Siemens' network expertise and EnergyHub's grid-leading capabilities, resulting in a comprehensive portfolio element for a next-generation distributed energy resource management solution. This development is poised to enable utilities to achieve net zero emissions by harnessing distributed energy resources as a non-wiring alternative solution, reducing the need for investments in hardware.
  • Expeto, Inc. joined forces with Portland General Electric (PGE), a prominent provider of public and private mobile networks, to accelerate the grid modernization process and the integration of renewable energy sources. Expeto's private wireless network, facilitated by Portland General Electric, will streamline automated grid resilience, track field conditions through intelligent sensors and equipment, integrate workers for enhanced employee safety, and provide electric vehicle charging stations for public grid use. This collaborative effort is set to advance the adoption of renewable energy and modernize the grid infrastructure.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5605
  • Published Date: Feb 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing need for efficient power management solution and surge in demand for smart energy planning in smart cities projects are the major factors driving the growth of the active network management market.

The market size of active network management is anticipated to attain a CAGR of 21% over the forecast period, i.e., 2024-2036.

The major players in the market are Expeto, Inc., Schneider Electric SE, Argand Solutions, ABB Ltd., General Electric Company, Smarter Grid Solutions Ltd., Oracle CORPORATION, Cisco Systems Inc., IBM Corporation, and others.

The grid asset monitoring segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Active Network Management Market Report Scope
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