English Financial Content PR-Wirein Press Release Reportedtimes Research Newswire

Active Network Management Market Emerging Trends Boosts the Global Industry Growth Till 2030

The rise in the need for efficient power management solutions and an increase in demand for smart energy planning in smart city projects have boosted the growth of the global active network management market.

However, the lack of infrastructure for efficient power distribution networks in underdeveloped regions hinders market growth. On the contrary, the surge in renewable energy generation would open new opportunities in the future.

As per the report, the global active network management industry was pegged at $782.80 million in 2020, and is expected to reach $3.2 billion by 2030, growing at a CAGR of 15.2% from 2021 to 2030.

Download Report Sample (275 Pages PDF with Insights) at: https://www.alliedmarketresearch.com/request-sample/2847

By application, the automation segment held the largest share in 2020, accounting for nearly two-fifths of the global active network management market, due to benefits including improved power distribution, easy availability of the services, and low upstream and downstream time.

However, the grid asset monitoring segment is expected to register the highest CAGR of 17.8% during the forecast period. This is due to rise in demand for smart metering, operational utility applications, and substation automation.

By industries, the transportation segment would showcase the highest CAGR of 18.4% from 2021 to 2030, due to adoption of active network management solutions to optimize the metro and rail transportation systems.

However, the energy and utility segment held the largest share in 2020, contributing to more than two-fifths of the global active network management industry, due to surge in applications for security infrastructure management and group-based configuration systems.

By region, the market across North America held the lion’s share in 2020, accounting for around two-fifths of the market, due to surge in demand for automation solution and rise in adoption of active network management solutions.

However, the global active network management market across Asia-Pacific would showcase the highest CAGR of 19.1% from 2021 to 2030, owing to rise in investment on electricity generation for several industry verticals including energy & utility, transportation, construction, and government.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2847 

Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.                       

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Tags: Active Network Management Market, Active Network Management Market Growth, Active Network Management Market Size

See Campaign: https://www.alliedmarketresearch.com/active-network-management-market

Contact Information:

Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll-Free: 1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Follow Us on: LinkedIn Twitter

Tags:
Reportedtimes, Financial Content, PR-Wirein, Research Newswire, English

Contact Information:

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *