Active Network Management Market

Global Active Network Management Market Size & Growth (2021 – 2026)

The global active network management market is foreseen to progress from $ 758 million in 2020 to $ 1,801 million by 2025, at a compound annual growth rate (CAGR) of 15.6% during the envisioned period.

Active Network Management (ANM) software allows us to manage network restrictions in real-time to avoid reinforcing or replacing existing assets. Distribution network operators (DNO) use this technique to facilitate the connection of renewable production to distribution networks. ANM systems are known to control and manage network parameters like voltage, power, phase balance, reactive power, and others in the energy and utility segment, promoting the application of network assets and curbing expenses associated with the infrastructure. ANM also records the measurements that are essential to control the demand and production of energy, at the same time, reducing grid losses, stabilizing systems and identifying any real-time interruptions.

Active network management applications include automation, network asset monitoring, real-time monitoring, etc. They are offered by leading analysis solution providers, such as ABB Ltd, General Electric, Schneider Electric SE, Siemens AG, etc., to automatically adjust sensor data and power flows in networks and substations. Active Grid Management provides optimized real-time power distribution monitoring from connected devices like renewable power generation, small power generators, storage devices, and more.

Recent developments:

February 2020: Ixia has integrated machine learning technologies into its network monitoring platform. New technologies will help the platform, called Hawkeye, help businesses reduce network downtime and improve network availability by detecting, identifying, and resolving network anomalies.

Impact of Covid-19 on Active Network Management Market:

The COVID-19 pandemic has impacted the global active network management system market. Due to this virus, many companies in the active network management systems business are forced to shut down their manufacturing and production operations. Commercial operations in this market are suspended because new government decisions are introduced into the market. This disruption in business operations procedures directly influences revenue drift from the active network management systems market.

Market growth and trends:

Monitoring of network assets to maintain significant growth in the coming years

• The entire energy system is in motion and the decentralized production of electricity from renewable sources is developed with greater intensity and integration in distribution networks. Network management faces challenges such as fluctuating and fuzzy direction of load flow and, increasingly, critical voltage violations. There is an increased risk of non-compliance with the voltage range and therefore of malfunction and even damage to consumer-side equipment.
• Increasing investments in smart grid projects are stimulating the market. According to the IEA (International Energy Agency), world electricity demand is expected to increase by almost 80% between 2012 and 2040. Smart grid asset groups have relatively short lives, higher depreciation rates that are different, complex maintenance and distinct operating scenarios. It is recommended to add the Network Operating Centers (NOC) to handle the communications in addition to the standard System Operating Centers (SOC) to handle the switch operations.
• Additionally, according to a survey published by Bridge Energy in 2019, 93% of public service providers expect solutions to analyze and process data within their business are available. Furthermore, smart grids collect much more data, and distribution network processes must be made visible at all times to reliably assess the condition and take effective countermeasures before critical situations occur, and for this, the active network management application is highly recommended.

Market Drivers and Restraints:

Active Network Management (ANM) software aid in managing various network issues in real time to control the consequences of substituting or strengthening new or existing assets, as it can stabilize systems, track outages and reduce loss network, promoting activity in the global network management market. In addition, the market is also driven by the growing demand for management of network parameters by the active network. However, the lack of adequate IT infrastructure in underdeveloped countries can limit this global market for the expected period of time.

GLOBAL ACTIVE NETWORK MANAGEMENT MARKET REPORT COVERAGE:

Global Active Network Management Market segmentation:

The global active networking market is segmented on the basis of application, type, industry.

Global Active Network Management Market By Application:

 the global market includes automation, network asset monitoring, real-time monitoring, etc. Of these, the network asset monitoring segment is likely to experience significant growth in the coming years.

Global Active Network Management Market By Type:

 the worldwide market is divided into software and services.

Global Active Network Management Market By Industry:

 the market is divided into energy and utilities, transportation, government, and others.

Regional Analysis:

The global active network management market is mainly studied by regions in North America, Europe, Latin America, Middle East and Africa and Asia Pacific. The active network management market in Asia-Pacific is expected to register the highest CAGR in the near future. Global vendors are investing heavily in the market to improve the overall active network management solution that offers timely and low cost data analysis, load balancing and real-time power distribution analysis. The Asia-Pacific region, which includes countries like China, India, Japan, and Australia, offers lucrative opportunities for market players. In addition, the increased demand for smart energy solutions in the production of renewable energy is boosting the market for active network management in Europe.

Key market players:

The major players described in the global active network management market report are 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. The report examines the key strategies adopted by the companies along with a detailed analysis of current trends, future opportunities, and restraints in the global active networking market along with detailed information about their impacts.