The active network management market was valued at US$ 1.29 Billion in 2023 and is projected to grow to US$ 4.51 Billion by 2031, reflecting an estimated compound annual growth rate (CAGR) of 16.9% from 2023 to 2031.

The global capacity for renewable electricity generation is experiencing rapid growth, creating a substantial opportunity to meet the ambitious target of tripling global capacity by 2030. In 2023, the worldwide addition of renewable energy capacity surged by 50%, totaling an impressive 510 gigawatts (GW). Solar photovoltaic (PV) technology was responsible for approximately 75% of this new capacity. The most significant increase in renewable energy installations was observed in China, where the solar PV capacity added in 2023 matched the total global installations from the previous year. Furthermore, China reported a remarkable 66% year-on-year growth in wind power installations. Other regions, including Europe, the United States, and Brazil, also experienced unprecedented growth in their renewable energy sectors. These advancements in renewable energy present vast opportunities for businesses and economies around the globe.

Market participants are increasingly focusing on the integration of automated grid solutions into their offerings. For example, in November 2023, Gridspertise, a company dedicated to aiding distribution system operators in the digital transformation of electricity grids, unveiled two innovative solutions at Enlit Europe 2023, a key event in the European energy landscape. In Paris, the company introduced Globy, a new modular smart meter platform designed to provide distribution system operators (DSOs) with maximum flexibility in hardware and software, along with various communication modules. Additionally, they presented a suite of solutions for Low Voltage Edge Grid Monitoring and Control, leveraging Gridspertise Quantum Edge device technologies, which are essential for enhancing the efficiency and reliability of low voltage grids. Consequently, the growing adoption of real-time grid monitoring is anticipated to create significant opportunities for the active network management market in the near future.

The market is categorized by application into grid asset monitoring, real-time monitoring, and automation. In 2023, the grid asset management segment captured the largest share of the active network management market. The geographical analysis of the active network management market encompasses North America (including the US, Canada, and Mexico), Europe (covering Spain, the UK, Germany, France, Italy, and the rest of Europe), Asia Pacific (including South Korea, China, India, Japan, Australia, and the rest of Asia Pacific), the Middle East & Africa (comprising South Africa, Saudi Arabia, the UAE, and the rest of the Middle East & Africa), and South & Central America (including Brazil, Argentina, and the rest of South & Central America).

Key players in the active network management market include ABB, Cisco Systems, Inc., GE Grid Solutions, LLC, IBM Corporation, Camlin Group, Oracle Corporation, Argand Solutions, Siemens AG, Smarter Grid Solutions, and ZIV Automation. The market forecast for active network management is based on a combination of various secondary and primary research findings, including key company publications, industry association data, and relevant databases.

The overall size of the active network management market has been determined through both primary and secondary research methodologies. Extensive secondary research has been conducted using both internal and external sources to gather qualitative and quantitative insights related to the active network management market analysis. This approach also aids in providing an overview and forecast of the market across all segments. Additionally, numerous primary interviews have been carried out with industry stakeholders to validate the data and obtain analytical insights. This process involves engaging with industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants, including valuation experts, research analysts, and key opinion leaders specializing in the market.