New product launches and partnerships, agreements, and collaborations to enhance their presence in the global Active Network Management Market
The global Active Network Management (ANM) market size is expected to grow from USD 682 million in 2018 to USD 1,411 million by 2023, at a Compound Annual Growth Rate (CAGR) of 15.6% during 2018–2023. Major driving factors for the market include a rising need for smart grid optimization via automation for efficient transmission of electricity, growth in renewable energy (solar and wind power) commercialization, and increasing demand for uninterruptible transmission of electricity among end users.
Major vendors in the market include GE (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Itron (US),Landis+Gyr (Switzerland), Cisco (US), IBM (US), Oracle (US), Smarter Grid Solutions (UK), Indra (Spain), Chemtrols Industries (India), Camlin (Ireland), Ziv (France), and Argand Solutions (UK). These players have adopted various growth strategies such as new product launches and partnerships, agreements, and collaborations to enhance their presence in the global ANM market. Partnerships and new product launches have been the most widely adopted strategies by major players from 2016 to 2018 and helped them innovate on their offerings and broaden their customer base.
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ABB is a pioneer technology leader in power and automation, which increases productivity and reduces the impact on the environment from utility, industry, and transport, and infrastructure. ABB offers a robust portfolio of products, solutions, and services for the energy and utilities market, to meet the customers' rapidly changing requirements. The company’s power system division involves water, gas, and electric utilities. The power division offers smart grid and network management in its electric utility segment. The division is responsible for direct selling to end users, such as transmission, distribution, and power generating operators or the owners of the power plant. The power division contributes a significant part to the total revenue generation. The ABB Network Manager ADMS is a real-time system that helps the utility manage operations in a distribution control center. The company is focusing on increasing its investments in R&D. In 2017, 2016, and 2015, ABB invested about 4.1%, 3.8%, and 3.8%, respectively, of its total revenues in R&D. ABB’s R&D specifically develops system and equipment, and focusing on customer and project orders. The company is also targeting emerging markets of Southeast Asia, India, Latin America, and Africa. At the same time, it is also focusing on strengthening its position in developed countries, especially, France, Germany, and the UK.
Siemens has maintained a leading position in the ANM market with its innovative and cutting-edge technological developments. The company’s earnings are solid, and it is managing its risk in a proper manner. The company’s Spectrum Power active network management helps utilities industries detect the faults by analyzing the smart grid networks. The company focuses on strategic alliances and partnerships with high-technology companies to create integrated solutions and services. In August 2012, the company signed an alliance with Intergraph for enhancing its smart grid distribution management solution. Siemens has invested 5.9%, 5.7%, and 5.5% of total revenue in R&D during 2015, 2014, and 2013, respectively. The incremental investment in R&D is keeping the company a step ahead in innovation and delivering new offerings to its customers.
Related Reports:
Active Network Management Market by Component (Software and Services), Service (Professional and Managed Services), Organization Size (SMEs and Large Enterprises), Application Area (Power, Energy & Utilities), and Region - Global Forecast to 2023
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