Smart Grid Sensors - Historical Analysis, Current Market Scenario and the Potential of the Market till 2023

Smart Grid Sensors - Historical Analysis, Current Market Scenario and the Potential of the Market till 2023

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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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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