The Future of Active Network Management Market

The Europe active network management market was valued at US$ 366.54 million in 2023 and is expected to reach US$ 1,308.73 million by 2031; it is estimated to register at a CAGR of 17.2% from 2023 to 2031.

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Real-time grid monitoring allows grid operators to have an accurate and up-to-date understanding of the electrical grid's performance, including power flows, voltages, and equipment conditions. With the increasing complexity and interconnectivity of modern power systems, real-time grid monitoring has become essential for ensuring reliable and efficient electricity delivery. Active network management involves the use of advanced software and hardware solutions to manage and optimize the operation of the electrical grid actively. By integrating real-time grid monitoring into active network management systems, grid operators can make faster and more informed decisions to maintain grid stability, reduce power outages, and optimize energy efficiency..

Market players are focusing on integrating automated grid solutions into their product portfolio. For instance, in November 2023, Gridspertise, a firm dedicated to supporting distribution system operators in accelerating the digital transformation of electricity grids, revealed two new cutting-edge solutions at Enlit Europe 2023-the major event dedicated to the European energetic scenario. In Paris, the company showcased Global, its new modular smart meter platform, which offers DSOs maximum flexibility hardware and software and numerous communication modules, and the ecosystem of solutions for Low Voltage Edge Grid Monitoring and Control based on Gridspertise Quantum Edge device technologies-the perfect allies in making low voltage grid more efficient and reliable.

MARKET INTRODUCTION

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.
List of Companies Profiled in the Active Network Management Markets Report are:
• ABB Ltd
• Cisco Systems Inc
• International Business Machines Corp
• Oracle Corp
• Siemens AG
• Argand Solutions
• Smarter Grid Solutions
• ZIV Automation

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Key Segmentation:

Deployment Mode (Cloud Based and On-Premise),
The Active network management Market categorized into type, application, and country.
• Based on type, the Active network management Market segmented into pellets, blocks, and others. The blocks segment held the largest market share in 2022.
• In terms of application, the Active network management Market segmented into food and beverage, storage and transportation, healthcare, industrial applications, and others. The storage and transportation held the largest market share in 2022.
• By country, the Active network management Market segmented into the US, Canada, and Mexico. The US dominated the Active network management Market share in 2022.
Active Network Management Market, in 2021. The growth of the segment is primarily attributed to the increase in need for maintenance and repair activities in order to make sure its internal and external parts are in good condition and to maintain a record of its condition. Based on application, the power transformers segment held the largest share of the Active Network Management Market. The rise in energy demand, increase in renewable power generation, growing initiatives for smart cities & urbanization are the key factors responsible for the demand of power transformer. Thus, such factors are driving the Active network management Market growth.

Table of Contents

Based on material, the Mexico Logistics market is segmented into FRP/composites, metal/alloys, and others. The metal/alloys segment held the largest share of the Active network management Market in 2022.
Based on size, the Mexico Logistics market is segmented into 75-120 feet, 121-250 feet, and Above 250 feet. The 121-250 feet segment held the largest share of the Active network Management Market in 2022.

Based on country, the Active network management Market segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the share of the Active network management Market in 2022.

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