Published On : 06 Feb 2019
The demand within the global market for active network management has been rising on account of advancements in the field of smart energy. The contemporary scenario has witnessed the most dynamics changes in the energy sector across the world. The scanty levels of renewable resources available around the globe have compelled the energy sector find alternative solutions for energy generation. Hence, renewable sources of energy production have gained utmost significance in the contemporary scenario. Furthermore, smart grid technologies are gradually coming to the fore of the energy sector. Active network management, in essence, is the management of the various components of a smart grid.
The demand dynamics of the global market for active network management have been changing over the past decade. This owes to the emergence of a number of new vendors in the global market for active network management. Furthermore, the tremendous potential for growth endowed by the global market for active network management is reflected in the revenue index of this market. It is expected that the global market for active network management would result in easing of barriers to the entry of new market vendors. Furthermore, the need for a seamless energy sector has also propelled demand within the global active network management market.
An article added by Research QYResearchReports on the global market for active network management sheds value on multiple dynamics of market demand. The article is a deft explanation of the trends and opportunities that have reflected in this market over the past years.
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1. Popularity of Smart Grid Technologies
Smart grids have become the centrepiece of growth across multiple regional pockets. This is because of the energy saved through the deployment of these grids across a regional pocket. Furthermore, self-correction is a salient feature of smart grids which has also given an impetus to the growth of the global market for active network management. It is projected that the revenue index of the global active network management market would significantly improve over the years to come.
2. Investments by Government
The government across several regions has remained steadfast in ensuring a regular supply of energy for the residential, commercial, and industrial sectors. This factor has led to the development of smart energy frameworks across these regions. Hence, the global market for active network management has attracted a large consumer base in recent times. The promotion of smart grid technologies has also aided market growth in recent times.
Some of the key vendors in the global market for active network management are Cicso, ABB, Schneider Electric, Kelvatek, Siemens, and IBM. These vendors have played a major role in propelling demand within the global market for active network management over the past decade.
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