What is Active Network Management System?
Active Network Management System allows connection of different sources of energy such as different grids with main grids, monitor and control drills. It allows two way flow of both energy and information for better insights and analytics. This allows for better risk and external threat predictability. The carbon footprint of such systems is far less than traditional or conventional energy network management systems, moreover the active network management systems compliancy with renewable energy platforms such as solar, wind and hydro energy plants makes it an ideal choice over the coming years, as governments across the world focus on renewable energy solutions shifting away from fossil fuel. Growth of digitisation, automation and cloud computing has also lead to increased investment and research in active network management systems. Countries in Asia Pacific are also investing huge amount of capital in smart city infrastructure which comprises of active network management systems too, thus the growth of the active network management systems is expected to boom over the coming years. Geographically, Asia Pacific is expected to big biggest market because of high industrial, commercial and residential energy demands and shift to renewable energy.
The market study is broken down by Type (Software and Hardware), by Application (Grid Management & Monitoring, Automation and Others) and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens AG (Germany), ZIV Automation India Pvt Limited (India), Smarter Grid Solutions Ltd. (United Kingdom), Argand Solutions (United Kingdom), ABB Ltd (Switzerland), Oracle Corporation (United States), General Electric Company (United States), Schneider Electric SE (France), Western Power Distribution (United Kingdom), Landis+Gyr (Switzerland) and Camlin Group (Ireland) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Active Network Management System market by Type, Application and Region.
On the basis of geography, the market of Active Network Management System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. Oil and Gas Industry will boost the Active Network Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2019, Smarter Grid Solutions, UK based market leader and innovator in Active Network Management Systems has launched an advanced DERM Software called ANM Strata 2.0, And has also stated that ANM Strata 2.0 has been successfully deployed at earlier projects based in Germany, U.K., and U.S. The new advanced software has advanced data analytics, data visualisation and application programming interfaces capabilities.
Market Trend
- Integration of Block Chain Technology with Active Network Management Systems in Smart Grids
Market Drivers
- Cost Efficient Compared To Conventional Network Solutions
- More Sustainable System than Conventional Networks
- Increased Investments in Renewable Energy Solutions
- Growing Investments in Smart City Developments
Opportunities
- Shift of Major Countries Towards Renewable Energy Solutions
Restraints
- Increased Concerns Regarding Cyber Attacks
- Expenses for Upgradation to ANM systems
Challenges
- Interoperability of Communicating Components within Grid
- Poor Technology Standardisation
- Interconnecting of Distributed Energy Sources
Key Target Audience
Growing investments in smart grids and enhanced focus on renewable energy has spiked the need for modern mechanisms such as active network management systems to manage the grids in a more sustainable way, reducing the carbon footprint compared to conventional systems. With many major countries committed to turning carbon neutral in coming years, the market of active network management systems presents a great prospectus for growth.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.