Global Active Network Management Market: Introduction
Active network management ensures efficient connection between separate components of a smart grid such as storage device, energy generators, and renewable generation. It monitors and controls the operation of the components through software. Some of the major operating methodologies of active network management includes data acquisition and management, substation and network monitoring, substation and distribution network automation, real-time control, and communication architecture and information models. Active network management is a real-time platform which enables coordinated, intelligent control of RE, DERs, and other network assets.
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Global Active Network Management Market – Dynamics
Positive Shift toward Industrial Automation through Industry 4.0 driving Growth of the Active Network Management Market
The primary focus of Industry 4.0 is availability of all relevant information in real-time by connecting all the components which are involved in the value chain process. This has increased investment across the globe specific to industrial automation, which is driving the demand for active network management that provides an architecture to monitor, run, and control the value chain components within an organization in real-time.
Lack of Communication Infrastructure Hampering Growth of the Active Network Management Market
It has been observed that lack of proper communication infrastructure in regions such as Asia Pacific and South America has impacted investment with regards to industry automation and Industry 4.0. The lack of network infrastructure as well as initial high cost of automation within organizations (specifically in production and manufacturing) is impacting the growth of the market.
North America to Dominate the Global Active Network Management Market
In terms of region, the global active network management market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the active network management market during the forecast period due to due to strong adoption of Industrial Internet of Things (IoT) and Edge Software platforms across different organizations.
