Active Network Management Market is expected to reach US$ 4.51 billion by 2031

PRESS RELEASE BY The Insight Partners 17 May 2024

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Increasing Need for Efficient Power Management Solutions Fuels Active Network Management Market Growth

According to our latest study on “Active Network Management Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis – by Component, Industry, Application, 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. The report includes growth prospects owing to the current active network management market trends and their foreseeable impact during the forecast period.

Active network management harnesses advanced technologies and intelligent algorithms to optimize power distribution, enabling businesses to achieve significant improvements in efficiency. As businesses strive to minimize energy waste, reduce costs, and enhance sustainability, the concept of active network management has emerged as a vital tool. Furthermore, the rise in energy costs and environmental concerns have prompted organizations to prioritize energy efficiency. Active network management enables businesses to monitor and control power distribution networks in real time actively. This proactive approach allows for the identification of inefficiencies, such as overloading or underutilization of power resources, and the implementation of immediate corrective actions. By optimizing power distribution, active network management helps lessen energy waste, resulting in substantial cost savings and environmental benefits. Further, the implementation of the US Inflation Reduction Act, the introduction of the EU's Fit for 55 packages and REPowerEU, the launch of Japan's Green Transformation (GX) program, Korea's commitment to increasing the proportion of nuclear and renewable energy in its energy mix, and the ambitious clean energy objectives set by China and India are a few of the noteworthy initiatives in the business landscape. These initiatives are expected to offer benefits to regions as well as countries in the reduction of energy wastage.

Active Network Management Market – by Region, 2023 and 2031

Active Network Management Market – by Region, 2023 and 2031

Active Network Management Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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Active Network Management Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Software and Services), Industry (Energy and Utilities, Transportation, Oil and Gas, Manufacturing, and Others), Application (Grid Asset Management, Real-Time Monitoring, and Automation), Organization Size (Small and Medium Enterprises and Large Enterprises), and Geography

Source: The Insight Partners Analysis

The active network management market in North America is segmented into the US, Canada, and Mexico. The growing demand for energy, power, and utilities in both developing and developed countries is a significant driver for the active network management market. Active network management systems play a crucial role in monitoring the performance of electrical grids, detecting abnormalities, and taking corrective actions. The US accounted for the largest active network management market share in 2023. According to the Edison Electric Institute, as of December 31, 2022, the total installed generating capacity in the US reached 1,270,418 megawatts (MW), which represents an increase of 13,745 MW compared to the capacity at the end of 2021. In terms of electricity generation, the US produced a total of 4,243,136 gigawatt-hours (GWh) in 2022, marking a 3.5 percent increase from the previous year. Among the total electricity generation in 2022, the US investor-owned electric companies accounted for 1,470,748 GWh, equivalent to 34.7 percent of the overall generation.

In September 2023, the US Department of Energy (DOE) opened applications for US$ 400 million in grants for state governments to implement building energy codes that improve efficiency and lower emissions. This funding is part of President Biden's Investment in America agenda. It is aimed at reducing utility bills, increasing efficiency, lowering greenhouse gas emissions, and making buildings more resilient to climate disasters. Thus, such initiatives are expected to propel the active network management market growth.

Active Network Management Market Report Segmentation and Scope:

The “Active Network Management Market Analysis” has been carried out by considering the following segments: component, industry, application, organization size, and geography. The active network management market is broadly segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). North America held the largest active network management market share in 2023, followed by Europe and APAC. Further, APAC is projected to register the highest CAGR in the market from 2023 to 2031.

The North America active network management market is segmented into the US, Canada, and Mexico. Governments across North America are also launching smart grid initiatives. For example, the US Department of Energy (DOE) has issued a Request for Information (RFI) for the Grid Resilience and Innovation Partnership Program, which aims to enhance the resilience and reliability of America's electric grid. This program includes a grant of US$ 3 billion for the smart grid. Active network management plays a crucial role in smart grids by enabling real-time management of power generation and consumption. Thus, strategic initiatives by the government and constant investments in smart grids are the key factors expected to drive the growth of the active network management market.

The Europe active network management market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. In Europe, several successful and ongoing pilot active network management projects such as Enel - Puglia Active Network, SP Energy Networks - Dumfries & Galloway Integrated Network Management, Enedis - Nice Grid & others, Vattenfall - Askersund Microgrid, and SSE - Orkney Island, have been implemented by various companies. These projects aim to develop energy management solutions and improve network design, operation, and maintenance. Furthermore, active network management providers across Europe are engaging in strategies such as partnerships to develop energy management solutions. For example, in February 2023, Siemens formed a strategic partnership with EnergyHub to develop a next-generation Distributed Energy Resources (DER) management system. This partnership aims to leverage Siemens' network knowledge and EnergyHub's grid-leading capabilities to provide a complete portfolio element for a next-generation distributed energy resource management system.

ABB; Cisco Systems, Inc.; GE Grid Solutions, LLC; IBM Corporation; Camlin Group; Oracle Corporation; Argand Solutions; Siemens AG; Smarter Grid Solutions; and ZIV Automation are among the prominent players profiled in the active network management market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The active network management market forecast can help stakeholders plan their growth strategies.

Active Network Management Market Recent Developments:

Companies in the market highly adopt inorganic and organic strategies such as mergers and acquisitions. As per the company press releases, below are a few recent key developments:

  • In 2024, GE Vernova's Grid Solutions business (NYSE: GEV), a leader in advanced grid technologies, and Sonelgaz, Algeria's national electricity and gas company, announced that they are expanding existing capabilities at GE Algeria Turbines (GEAT) for the deployment of grid solutions. This strategic agreement, effectuated through the amendment of their existing joint venture, represents a significant step toward achieving Algeria's energy objectives. It demonstrates a shared commitment to accelerating sustainable energy development, localizing industrial capabilities, and promoting economic growth.
  • In 2023, Cisco launched a networking cloud platform that offers a unified interface for managing networking devices alongside updates to its Thousand Eyes infrastructure monitoring service and Catalyst portfolio.

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