How big is the Active Network Management Market?

The Active Network Management Market size is expected to reach USD 1.39 billion in 2024 and grow at a CAGR of 16.48% to reach USD 2.97 billion by 2029. Read More

What is the current Active Network Management Market size?

In 2024, the Active Network Management Market size is expected to reach USD 1.39 billion. Read More

Who are the key players in Active Network Management Market?

Schneider Electric SE, Siemens AG, Smarter Grid Solutions Ltd., General Electric Company and Argand Solutions are the major companies operating in the Active Network Management Market. Read More

Which is the fastest growing region in Active Network Management Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Active Network Management Market?

In 2024, the Asia Pacific accounts for the largest market share in Active Network Management Market. Read More

What years does this Active Network Management Market cover, and what was the market size in 2023?

In 2023, the Active Network Management Market size was estimated at USD 1.16 billion. The report covers the Active Network Management Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Active Network Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Active Network Management Market - Growth, Industry Research & Size

Active Network Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Active Network Management Industry Trends and Share. The Market is Segmented by by Type (software, Service), by Application (Automation, Grid-Asset Monitoring, Real-Time Monitoring), and by Geography (North America, Europe, Asia-Pacific, and the Rest of World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Active Network Management Industry Overview

The active network management market is highly competitive due to the presence of numerous small and large players. Major organizations are actively working towards reducing greenhouse gas emissions to nearly zero or achieving Net Zero emissions within a specific timeframe. This imperative has driven the demand for Active Network Management solutions. Key industry players such as Siemens AG, General Electric Company, and Argand Solutions are at the forefront of developing innovative solutions to monitor real-time issues stemming from high distributed generation (DG) penetration, consequently increasing DG capacity within distribution networks.

February 2023- Siemens entered a strategic partnership with EnergyHub to create a holistic and scalable next-generation DER management system (Distributed Energy Resources). Siemens' software will play a pivotal role in enhancing network planning, operation, and maintenance by considering all the distributed energy sources. This collaboration between Siemens and EnergyHub empowers utilities to leverage Siemens' network expertise and EnergyHub's grid-leading capabilities, resulting in a comprehensive portfolio element for a next-generation distributed energy resource management solution. This development is poised to enable utilities to achieve net zero emissions by harnessing distributed energy resources as a non-wiring alternative solution, reducing the need for investments in hardware.
January 2023 - Expeto, Inc. joined forces with Portland General Electric (PGE), a prominent provider of public and private mobile networks, to accelerate the grid modernization process and the integration of renewable energy sources. Expeto's private wireless network, facilitated by Portland General Electric, will streamline automated grid resilience, track field conditions through intelligent sensors and equipment, integrate workers for enhanced employee safety, and provide electric vehicle charging stations for public grid use. This collaborative effort is set to advance the adoption of renewable energy and modernize the grid infrastructure.