Market Synopsis:
Increasing demand for efficient power supply management is expected to drive the growth of the global active network management market over the next couple of years. As per the report circulated by Market Research Future (MRFR), the global market is expected to mark 16.8% CAGR across the forecast period 2019 to 2024. The valuation of the global Active Network Management Market is presumed to reach USD 1,583.4 Mn by 2024 from USD 728.3 Mn in 2019.
The rising investments in the renewable energy industry are projected to lead the growth of the market in the forthcoming years. It is unfolded in the report that the product is expected to witness increasing demand owing to the need for avoiding overloading of power grids. This, in turn, is expected to catapult the market on its growth trajectory. On the flip side, lack of awareness about advanced smart grid solutions is likely to impede growth of the active network management market in the foreseeable future.
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Key Players
The prominent players in ANM Market are 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 (Irelance), ZIV (Spain), Argand Solutions (UK), Chemtrols Industries Pvt. Ltd (India), Smarter Grid Solutions (Scotland), and Indra (Spain).
Segmentation
- On the basis of component, the global active network management market has been segmented into software and services. Furthermore, the services segment is divided into professional services (implementation and integration services, consulting services, and support and maintenance services) and managed services.
- Based on the size of the organization, the active network management market is segmented into small & medium enterprises (SMEs) and large enterprises.
- By application, the global active network management market has been segmented into power generation, oil and gas, power grid and transmission, and water treatment and distribution.
Regional Analysis
The regional assessment of the global active network management market spans across North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). These regions are further narrowed down to a country-level basis for highlighting a detailed market analysis. North America is one of the most advanced regions in terms of technology and innovations. It is also observed to be quick in the adoption of latest technologies. These factors are forecasted to support the growth of the active network management market in the region over the next couple of years. Thus, North America is anticipated to maintain the pole position in the global market through the assessment period. Increasing installation of smart grid projects in the region is projected to create demand for the product in the region over the evaluation period. The U.S. is likely to dominate the regional active network management market in the years to come.
Asia Pacific is a rapidly developing market and is poised to strike the highest CAGR over the forecast period. The replacement of traditional grids by smart grids is expected to propel the expansion of the active network management market. China, Japan, and India are the prominent nations expected to exhibit substantial potential for growth in the upcoming years.
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TABLE OF CONTENTS
LIST OF TABLES
Table 1 Global Market, By Region, 2018–2024
Table 2 North America: Market, By Country, 2018–2024
Table 3 Europe: Market, By Country, 2018–2024
Table 5 Asia-Pacific: Market, By Country, 2018–2024
Table 6 Global Market, By Region, 2018–2024
Table 7 North America: Market, By Country, 2018–2024
Table 8 Europe: Market, By Country, 2018–2024
Table 9 Asia-Pacific: Market, By Country, 2018–2024
Table 10 Middle East & Africa: Market, By Country, 2018–2024
Table 11 South America: Market, By Country, 2018–2024
Table 12 Global Market Organization Size Market, By Region, 2018–2024
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Global Active Network Management Market Research Report: By Component (Software and Services), Organization Size, and Application (Power Generation, Power Grid and Transmission, Oil and Gas, and Water Treatment and Distribution)—Forecast till 2024Market InsightGlobally, the active network management market is emerging at an exponential rate as it satiates the need management of power supply.
The global active network management market is likely to develop at an impressive 16.8% CAGR during the forecast period (2019 to 2024) with which it can scale valuation of USD 1,583.4 million by 2024 from USD 728.3 million in 2019, asserts Market Research Future (MRFR) in a detailed study.
The report further includes drivers that are backed by some excellent factors which are contributing to the Active Network Management Market to chart its course towards the future easily.Market Drivers & TrendsThe expansion of the active network management market can be accredited to the escalating demand for power supply management from distributed renewable energy sources, the need to avoid overloading of power grids, and making utmost use of available energy are some of the key driving factors for the adoption of effective network management solution at present.Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/7812The latest smart grids have adopted diverse smart solutions to control the power supply and integrate different sources of energy, including renewable sources with the help of active network management, which is a software solution that helps in avoiding voltage range infringements, prevents an imbalance between power generation and its consumption, and overload.
Active network management having such a proven solution for grid stability, reliable voltage regulation, and peak load management is what makes it useful and advantages, thus initiating the market to expand in the coming years.On the other hand, the factors such as the development of smart grids across the globe and mounting usage of renewable energy sources are speedily encouraging smart grid companies to adopt ANM solutions widely, thus strengthening the market growth inevitably.
On the flip side, factors such as less awareness of advanced smart grid solutions, especially in developing economies, are anticipated to limit the growth of the Active Network Management Market during the forecast period.Key PlayersThe prominent players in ANM Market are 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 (Irelance), ZIV (Spain), Argand Solutions (UK), Chemtrols Industries Pvt.
Ltd (India), Smarter Grid Solutions (Scotland), and Indra (Spain).SegmentationThe global active network management market, according to study, has been segmented into component, organization size, and application.By the mode of component, the market has included software and services.
