According to Market Research Future (MRFR), the global smart grid sensors market is
expected to secure approximately USD 4
billion by 2023 at a CAGR of 18 %
over the forecast period 2017-2023.
Market
Scenario
The conventional power grid system is being modernized into a
smart grid to address issues such as power dissipation, concentrated
information flow and growing safety and consistency concerns. The introduction
of technologies such as supervisory control and data acquisition (SCADA) and
smart grid network management has modernized the current power grid
infrastructure to make performance, adaptability and reliability more
sophisticated.
The smart grid sensor
is expected to show significant growth over the forecast period, in the lines
of these factors. In addition, the increasing number of electrical thefts in
commercial and residential areas and the system of energy faults, and extreme
weather conditions operational capacity is expected to drive the market over
the forecast period.
Top companies profiled in Smart Grid Sensors market report:
ABB Ltd. (Switzerland), General
Electric Company (U.S.), Oracle Corporation (U.S.), Siemens AG (Germany),
Cisco Systems, Inc. (U.S.), Itron, Inc. (U.S.), Landis+Gyr (Switzerland),
Schneider Electric SA (France), Tech Mahindra Ltd. (India), S&C Electric
Company (Illinois, U.S.), Aclara Technologies LLC (U.S.), Open Systems
International, Inc. (Minnesota, U.S.), Esyasoft Technologies Pvt. Ltd. (India),
Trilliant Holdings, Inc. (U.S.), Wipro Ltd. (India), NexGrid, LLC. (U.S.).
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Segmentation
The smart grid sensors market is differentiated by component,
sensors, solutions, service, and application.
Based on sensors, the smart grid sensors market is
sub-divided into dynamic line rating sensors, outage detection sensors,
voltage/temperature sensors, transformer monitoring sensors, and others. The
component segment consists of sensors, AMI meter, programmable logic controller
(PLC), networking hardware, and others. Furthermore, the service is classified
into deployment &integration, consulting, support & maintenance, and
others.
Smart grid sensors is further divided based on
solutions that include smart grid distribution management, smart grid
communication, substation automation, grid asset management, Advance Metering
Infrastructure (AMI), and billing &customer information system.
Based on application segment, the smart grid sensors is
segmented into Advanced Metering Infrastructure (AMI), smart energy meter,
supervisory control and data acquisition (SCADA), and others
Regional
Analysis
The smart grid sensors are geographically segmented into four
different regions, namely North America, Asia Pacific, Europe and the rest of
the world.
North America is presumed the dominant region in the market
for smart grid sensors. The United States and Canada are the region's leading
nations. It is attributed to the region 's rising suppliers of smart grid
solutions to boost grid stability.
In addition, Europe is expected to enjoy significant growth
over the forecast period. Countries such as Germany, France and Great Britain
are the region's leading countries. The Global Solar Inverter Market is
geographically segmented as Europe, North America, Asia-Pacific and the rest of
the world.
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TABLE OF CONTENTS:
1.
Market Introduction
2.
Research Methodology
3.
Market Dynamics
4.
Executive Summary
5.
Market Factor Analysis
6.
Smart Grid Sensors Market, By Segments
7.
Competitive Analysis
Continued…
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