Market Overview:
Then conventional power grid system is being modernized into smart grid to resolve the concerns such as power dissipation, concentrated information flow and growing concerns about security and consistency. Smart grid sensor offers various advantages such as it can be operated in extremely harsh weather conditions, and able to facilitate the efficient power distribution and transmission network. However, the rising number of electrical thefts in commercial and residential areas, the energy fault system, and operational ability of extreme weather conditions are expected to drive the market over the forecast period. Additionally, integration of smart grids with the Internet of things (IoT) is expected to be a better prospect over the forecast period 2017-2023. However, the high energy consumption of smart grids is presumed to hinder the growth of the market over the forecast period.
According to Market Research Future analysis, Global Market for smart grid sensors has been valued at approximately USD 4 billion growing at a CAGR of 18% during the forecast period 2017-2023.
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)
Detailed Regional Analysis
The North American region is deduced to be the principal region in smart grid sensors market. The swelling number of smart grid solutions providers in the region will enhance the grid’s consistency. The European region is projected to have considerable growth over the forecast period. The nations such as France, Germany, and the U.K are the foremost countries in the region. This is accredited to the massive investments in research and development for offering innovative techniques to enhance the dissipation loss while transmitting the power to the general community. The Asia Pacific region is foreseen to be the fastest rising region in the market over the forecast period. India and China are the principal countries in the region to be a better potential region due to growing demand for the smart grid solutions.
Segmental Analysis
The market for smart grid sensors is segmented on the basis of component, sensors, solutions, service, and application. On the basis of sensors, the market is segmented into outage detection sensors, voltage/temperature sensors, dynamic line rating sensors, transformer monitoring sensors, and others. The component segment of the market comprises of sensors, AMI meter, programmable logic controller (PLC), networking hardware, and others. The service segment is classified into deployment &integration, consulting, support & maintenance and others. On the basis of solutions, the market is segmented into smart grid distribution management, Advance Metering Infrastructure (AMI), grid asset management, substation automation, smart grid communication, and billing &customer information system. By application, the market segmentation consists of supervisory control and data acquisition (SCADA), smart energy meter, Advanced Metering Infrastructure (AMI), and others
TABLE OF CONTENTS
LIST OF TABLES
Table1 World Population By Major Regions (2017 To 2023)
Table2 Global Smart Grid Sensor Market: By Region, 2017-2023
Table3 North America Smart Grid Sensor Market: By Country, 2017-2023
Table4 Europe Smart Grid Sensor Market: By Country, 2017-2023
Table5 Asia-Pacific Smart Grid Sensor Market: By Country, 2017-2023
Table6 Middle East & Africa Smart Grid Sensor Market: By Country, 2017-2023
Table7 Latin America Smart Grid Sensor Market: By Country, 2017-2023
Table8 Global Smart Grid Sensor By Sensors Market: By Regions, 2017-2023
Table9 North America Smart Grid Sensor By Sensors Market: By Country, 2017-2023
Table10 Europe Smart Grid Sensor By Sensors Market: By Country, 2017-2023
Table11 Asia-Pacific Smart Grid Sensor By Sensors Market: By Country, 2017-2023
Table12 Middle East & Africa Smart Grid Sensor By Sensors Market: By Country, 2017-2023
Table13 Latin America Smart Grid Sensor By Sensors Market: By Country, 2017-2023
Table14 Global Smart Grid Sensor By Industry Market: By Regions, 2017-2023
Table15 North America Smart Grid Sensor By Industry Market: By Country, 2017-2023
Table16 Europe Smart Grid Sensor By Industry Market: By Country, 2017-2023
Table17 Asia-Pacific Smart Grid Sensor By Industry Market: By Country, 2017-2023
Table18 Middle East & Africa Smart Grid Sensor By Industry Market: By Country, 2017-2023
Table19 Latin America Smart Grid Sensor By Industry Market: By Country, 2017-2023
Table20 North America Smart Grid Sensor For Industry Market: By Country, 2017-2023
Table21 Europe Smart Grid Sensor For Industry Market: By Country, 2017-2023
Table22 Asia-Pacific Smart Grid Sensor For Industry Market: By Country, 2017-2023
Continued…
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