According to our latest study on "Active Network Management Market Size and Forecast (2020-2030), Global and Regional Share, Trend, and Growth Opportunity Analysis - By Component, Industry, Application, and Organization Size, and Geography. The active network management market size was valued US$ 1.29 Billion in 2023 and is expected to reach US$ 4.51 Billion by 2031; it is estimated to record a CAGR of 16.9% from 2023 to 2031.
Surging Number of Smart City Initiatives to Drive Active Network Management Market Growth During Forecast Period
As urbanization accelerates, governments and organizations are increasingly investing in smart city initiatives to enhance sustainability, efficiency, and quality of life. Smart cities leverage advanced technologies to optimize urban services, including transportation, energy, waste management, and public safety. These projects require a robust and interconnected network infrastructure to enable seamless communication between devices, systems, and stakeholders. Active network management systems excel in managing the intricate web of sensors, meters, grids, and other smart city components, ensuring efficient energy distribution, grid stability, and reliable service delivery. Furthermore, active network management plays a crucial role in ensuring the smooth operation of the above-mentioned complex networks, making them vital for the smart city infrastructure.
In the US, in November 2021, President Biden enacted a bipartisan infrastructure bill worth US$ 1 trillion, which provides funding for transportation, broadband, and utilities. A significant portion of this funding, amounting to US$ 500 million, has been allocated to smart city initiatives through the Strengthening Mobility and Revolutionizing Transportation (SMART) grant program. This funding will help the city leaders to recognize their approach to smart projects and utilizing data to guide new investments that will genuinely benefit residents, mitigate potential failures, and enhance the overall efficiency and effectiveness of cities. Thus, the increasing number of smart city initiatives drives the demand for active network management solutions, thereby favoring the active network management market growth.
Key Findings of Active Network Management Market Study:
The active network management market report emphasizes the key factors driving the market and showcases/exhibits/depicts the developments of prominent players. The active network management market forecast is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases. The active network management market analysis has been performed by considering the following segments: component, industry, application, organization size, and geography.
Based on component, the market is divided into software and services. Software segment held the largest active network management share in 2023. The active network management software displays current load flow and direction in networks, calculates load values, and detects voltage range violations and overloads. Enterprises are increasingly using active network management software to monitor and operate network components, including tiny energy generators, renewable power, and storage devices. active network management (ANM) software enables utilities to proactively manage their electricity distribution systems. Unlike classic reactive methods, ANM optimizes grid performance using real-time data and automated controls. Further, the active network management software provides greater transparency, impacting users and the bottom line. Moreover, players such as ABB Ltd., Siemens AG, and General Electric Company provide active network management software.
The Europe Active Network Management market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Germany held the largest active network management market share in 2022. The demand for uninterrupted power supply is a significant driver for the active network management market in Germany. Germany has set an ambitious goal to meet all its electricity demands through renewable energy sources by 2035, which is a significant advancement compared to its previous target of phasing out fossil fuels before 2040. This move is driven by the pressure from other Western nations to reduce reliance on Russian gas. However, Germany's plan to retire coal-fired power plants by 2030 and shut down nuclear power plants by the end of 2022 has limited its options. To achieve this target, the country aims to amend its Renewable Energy Sources Act (EEG) and increase the share of wind and solar power to 80% by 2030. Specifically, Germany plans to double its onshore wind energy capacity to up to 110 gigawatts (GW), reach 30 GW of offshore wind energy (correspondent to the capacity of 10 nuclear plants), and more than triple its solar energy capacity to 200 GW. These measures demonstrate Germany's commitment to transitioning to a greener and more sustainable energy landscape.
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