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The Asia Pacific Active Network Management Market Size is anticipated to experience a growth of 18.6% CAGR during the forecast period. The active network management market would witness unprecedented growth due to growing demand for high grid stability, real-time evaluation, and need for automation in power management solutions.
However, no common platform for standardized micro grid operations would be a major factor that would hinder the seamless market expansion during the forecast period. Active network management provides advanced power distribution capabilities by monitoring and controlling several energy infrastructure components such as renewable energy generation, power storage devices, generators, and some others.
Automation and grid asset monitoring are the primary applications of the active network management system. Active network management has been in trend and has been a top priority for many industries, primarily due to its ability to optimize energy distribution management. Based on Types, the market report segments the market into Software and Services. Based on Applications, the Asia Pacific Active Network Management market segments the market into Grid Asset Monitoring, Real Time Monitoring, Automation, and Others.
Based on Verticals, the market report segments the market into Energy & Utility, Government, Transportation, and Others. Based on Countries, the Asia Pacific Active Network Management market segments the market into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the competition analysis of key stake holders of the Asia Pacific Active Network Management Market. Key companies profiled in the report include BB Ltd., Chemtrols Industries Pvt. Ltd., Cisco Systems, Inc., General Electric Company, IBM Corporation, Kelvatek Ltd., Oracle Corporation, Schneider Electric, Siemens AG, and Smarter Grid Solutions.