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Smart Grid Sensors Market – OverviewInnovative transformations related to electrical grids have been stretching its patchwork nature to its capacity, with the advent pf smart grids and sensors to monitor the functioning of these revolutionary grids are creating unparalleled opportunities for market growth. Market reports connected with the semiconductors and electronics industry have been made accessible by Market Research Future who publishes reports on other sectors that have been recently put out along with a report on this industry. The market is expected to earn incomes totaling USD 4 billion approximately while growing at an 18 % CAGR in the forecast period.
The collection and benefits of real-time data have increased the demand for smart grid sensors considerably. The ability of the sensors to monitor real-time environmental data which aids in optimizing the performance of the smart grids is projected to favorably influence the growth of the market over the forecast period.
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Industry Updates:
July 2018 The Hawaiian Electric Co. and Verizon have modernized Hawaii’s power grid with the installation of Grid Wide, a smart sensor that collects near real-time data, and is now up and running. Grid Wide assists in the management and balance energy loads, identify where outages occur and monitor meter performance.
Key Players
Some of the key players of Smart Grid Sensors Market include General Electric Company (U.S.), ABB Ltd. (Switzerland), Oracle Corporation (U.S.), Cisco Systems, Inc. (U.S.),Siemens AG (Germany), Schneider Electric SA (France), Itron, Inc. (U.S.), Landis+Gyr (Switzerland), Tech Mahindra Ltd. (India),Aclara Technologies LLC (U.S.), S&C Electric Company (Illinois, U.S.), Esyasoft Technologies Pvt. Ltd. (India), Open Systems International, Inc. (Minnesota, U.S.), Wipro Ltd. (India), Kamstrup A/S (Denmark), Trilliant Holdings, Inc. (U.S.), NexGrid, LLC. (U.S.), Globema (Poland), EnerNOC, Inc. (U.S), and e-Smart Systems Pvt. Ltd. (India)
Segmentation:
The smart grid sensors is differentiated by sensors, component, service, solutions, and application.
Based on sensors, the smart grid sensors market is sub-segmented into voltage/temperature sensors, outage detection sensors, transformer monitoring sensors, dynamic line rating sensors, and others. The component segment consists of AMI meter, sensors, networking hardware, programmable logic controller (PLC), and others. Furthermore, the service is classified into consulting, deployment &integration, support & maintenance and others.
Smart grid sensors is further divided on the basis of solutions that include Advance Metering Infrastructure (AMI), smart grid distribution management, smart grid communication, grid asset management, substation automation, and billing &customer information system.
On the basis of application segment, the smart grid sensors is segmented into smart energy meter, supervisory control and data acquisition (SCADA), Advanced Metering Infrastructure (AMI), and others
Regional Analysis
Geographically, the smart grid sensors is segmented into four different regions namely North America, Asia Pacific, Europe, and the Rest of the World.
North America is presumed to be the dominating region in smart grid sensors market. The U.S. and Canada are the leading countries in this region. This is due to the surging smart grid solutions providers in the region to enhance the grid consistency. Furthermore, Europe is anticipated to have a substantial growth over the forecast period. The countries such as Germany, France and the U.K are the leading countries in the region. This is attributed to a huge investment in research and development for providing innovative techniques to optimize the dissipation loss while transmitting the power to general public. Asia Pacific is also anticipated to be the fastest growing region in the smart grid sensors market over the forecast period. India and China are the leading countries to be a better prospect region owing to increasing demand for the smart grid solutions.
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Target Audience:
• Research Firms.
• Government Agencies
• Smart grid technology solution providers
• Utility platform and analytics vendors
• System integrators/migration service providers
• Support and maintenance service providers
• Network service providers
• Utilities
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Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Release ID: 463400
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