Active Network Management Market Size
| Study Period | 2018 - 2028 |
| Market Size (2023) | USD 1.19 Billion |
| Market Size (2028) | USD 2.55 Billion |
| CAGR (2023 - 2028) | 16.48 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Active Network Management Market Analysis
The Active Network Management Market size is expected to grow from USD 1.19 billion in 2023 to USD 2.55 billion by 2028, at a CAGR of 16.48% during the forecast period (2023-2028).
- According to International Energy Agency (IEA), global electricity generation will rise by 2,493TWh between 2022 and 2025, leading to the growth in the renewable generation that will cater to this demand. While Germany aims for 100% power generation from renewable resources by 2035, it is expected globally, renewables will be the most significant source of electricity within the next three years. To link more distributed, renewable generation ANM systems will play a vital role.
- Emerging Smart Grid technology will facilitate the shift to a low-carbon economy, and ANM systems will be required for power flow and voltage management. Huge investments need to be made toward electricity grids; around 600 billion USD in annual investment is required to achieve a net zero target by 2030. But the investment process can be fast in emerging markets and developing economies, due to which electricity grids are not receiving this necessary recognition and restraining the growth of the ANM market as well.
- The Covid-19 epidemic has given a new incentive to digitize work and living, which created awareness and demand for Smart Grid or energy systems. People have become more receptive and familiar with using digital technology. Post the pandemic, organizations were investing more in renewable energy than fossil energy.
Active Network Management Market Trends
Grid Asset Monitoring to Hold the Significant Growth
- Rising environmental concerns are fueling the growth of the smart grid market. Energy consumption has increased over the years, and around 25 billion USD were invested towards energy storage and smart grid globally from January 2022 to September 2022. The investments will increase, and energy storage businesses are positioned to be key players in the switch from fossil fuels to renewable energy sources.
- Due to increasing electricity demand, grids receive more renewable energy input than they were designed for. Transformer monitoring is essential since broken or old transformers account for more than 70% of downtime and service costs. APM (Asset Performance Management) and ANM (Active Network Management) are essential tools to effect this change.
- According to The US Department of Energy (DOE), total capital spending on IT and OT digital technologies by US electric utilities will reach 24.5 billion USD by 2026. Out of this, 16.4 billion USD will be used for smart grid technologies and systems.
- Companies like Ubicquia are developing AI-based solutions to help utility companies maintain their substations with remote monitoring. The UbiHub substation monitoring solution uses cutting-edge camera technology with industrial AI to detect safety risks like arc flashes, watch for wildlife intrusions, and spot trespassing criminals. This way, utilities have complete insight into every substation and can actively monitor threats.
Asia-Pacific to Witness a Significant Growth
- Asian nations want to electrify quickly across all industries. Green community grids are gaining significant traction, notably in nations like China, India, and Nepal. According to IEA, 70% of global electricity demand growth will come from Asian countries, comprising China, India, and Southeast Asia. China will account for over 45% of renewables growth in the next two years.
- The emergence of smart cities is expected to add to the region's competencies in the market. With the help of technology, smart cities can lessen their adverse environmental effects. For example, smart power systems can manage peak demand, and smart water systems can ensure efficient water distribution and evidence-based decision-making tools can be used to more efficiently and transparently plan limited infrastructure investments. One of the essential elements of any functioning smart city is an intelligent energy system. Artificial intelligence (AI), the Internet of Things (IoT), and big data are expected to address various current and future difficulties.
- Energy Sector players are investing in AI technologies. For instance, smart EV chargers can automatically enable charging when demand is lowest and electricity cheapest, thus reducing the burden on the network.
- India-based ReNew Power announced a collaboration with twelve foreign lenders for external commercial borrowings for project finance loans of 1.1 billion USD. The funds will be utilized for ReNew's hybrid, battery-powered, round-the-clock renewable energy project, including solar projects, wind farms, and battery storage facilities.
Active Network Management Industry Overview
Major organizations target cutting greenhouse gas emissions to as close to zero or achieve Net Zero emissions by a specific period. This has created the need for Active Network Management. Many players such as Siemens AG, General Electric Company, and Argand Solutions, are developing solutions to monitor real-time issues arising from high distributed generation (DG) penetration and, therefore, increase DG capacity in a distribution network. The Active Network Management market is highly competitive owing to the presence of many small and large players.
- Feb 2023 - STMicroelectronics (ST) and Gridspertise entered into a long-term partnership of 20 years to empower active smart-meter customers primarily in the US and then spread to other geographies. The companies plan to help utility companies in grid digitalization and enable the energy transition.
- November 2022 - Schneider Electric showcased its latest technologies to solve pressing challenges in renewable power generation, grid operation, and equipment during Enlit 2022 event held in Germany. The company plans to invest in renewable farms to generate low-carbon electricity to solve the complex grid, power generation, and energy transition challenges.
Active Network Management Market Leaders
ZIV Automation India Pvt Limited
Argand Solutions
Siemens AG
Smarter Grid Solutions Ltd.
General Electric Company
*Disclaimer: Major Players sorted in no particular order
Active Network Management Market News
- In April 2023, UK's Network Rail signed a deal with General Electric (GE) to upgrade the phase balancer control and cooling system at Rail Innovation and Development Centre (RIDC). The partnership provides new technology to improve energy efficiency and deliver cleaner energy to support the U.K.'s path to net-zero emissions. RIDC facility provides secure testing of new trains before they are put into service on the U.K. rail network.
- February 2023 - New York-based EnergyHub partnered with Siemens for a holistic and scalable next-generation DER management system (distributed energy resources). Siemens software will help better plan, operate and maintain networks that have to consider all the distributed energy sources. Utility companies will be able to unlock unprecedented levels of DER flexibility and resilience of the power grid.
- November 2022 - Qualcomm and Siemens signed a contract and are conducting trials of 5G P.N. use cases to efficiently connect heating, ventilation, and air conditioning (HVAC) assets. Increasing customer demands for energy efficiency, lower ownership costs, greater security, and preventative maintenance will be closely observed during the trial runs. The companies will further enhance the process to develop smart devices that will cater to the automation of the building.
Active Network Management Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of COVID-19 impact on the industry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growth in Renewable Energy Commercialization
5.1.2 Rising Number of Smart City Projects
5.2 Market Restraints
5.2.1 High Cost of Upgrading for ANM Technology Deployment
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Software
6.1.2 Services
6.2 By Application
6.2.1 Automation
6.2.2 Grid-Asset Monitoring
6.2.3 Real-Time Monitoring
6.3 Geography
6.3.1 North America
6.3.1.1 US
6.3.1.2 Canada
6.3.2 Europe
6.3.2.1 Germany
6.3.2.2 UK
6.3.2.3 France
6.3.2.4 Rest of Europe
6.3.3 Asia-Pacific
6.3.3.1 India
6.3.3.2 China
6.3.3.3 Japan
6.3.3.4 Rest of Asia-Pacific
6.3.4 Latin America
6.3.5 Middle-East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 ZIV Automation India Pvt Limited
7.1.2 Argand Solutions
7.1.3 Siemens AG
7.1.4 Smarter Grid Solutions Ltd.
7.1.5 General Electric Company
7.1.6 Western Power Distribution
7.1.7 Camlin Group
7.1.8 ABB Group
7.1.9 Schneider Electric SE
7.1.10 Landis+Gyr
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Active Network Management Industry Segmentation
In Active Network Management or ANM, devices such as energy generators, renewable generation, and storage devices are connected through software to monitor and control the operation of these devices. These control systems manage generation and load for specific purposes to deliver affordable and faster connections to the network.
The Active Network Management Market is segmented by Type (Software, Service), Application (Automation, Grid-Asset Monitoring, Real-Time Monitoring), and Geography.
The market sizes and forecasts are provided in terms of value (USD million)
| By Type | |
| Software | |
| Services |
| By Application | |
| Automation | |
| Grid-Asset Monitoring | |
| Real-Time Monitoring |
| Geography | ||||||
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| Latin America | ||||||
| Middle-East and Africa |
Active Network Management Market Research FAQs
How big is the Active Network Management Market?
The Active Network Management Market size is expected to reach USD 1.19 billion in 2023 and grow at a CAGR of 16.48% to reach USD 2.55 billion by 2028.
What is the current Active Network Management Market size?
In 2023, the Active Network Management Market size is expected to reach USD 1.19 billion.
Who are the key players in Active Network Management Market?
ZIV Automation India Pvt Limited, Argand Solutions, Siemens AG, Smarter Grid Solutions Ltd. and General Electric Company are the major companies operating in the Active Network Management Market.
Which is the fastest growing region in Active Network Management Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (20221-2028).
Which region has the biggest share in Active Network Management Market?
In 20221, the North America accounts for the largest market share in Active Network Management Market.
Active Network Management Industry Report
Statistics for the 2023 Active Network Management market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Active Network Management analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
