The smart grid sensors industry is expected to rise at a high pace. As per Market Research Future (MRFR), states that the world smart grid sensors market size can value at USD 4 billion by 2023. As per MRFR, smart grid sensors 2020 can rise at 18 % CAGR through the assessment forecast period (2017-2023).
The smart grid sensor can effectively transmit power through automated control techniques, sensors, and other sophisticated software solutions. These advanced sensors are used to attain real time data to improve the reliability offered by power transmission. The growing need to minimize the dissipation of power and eventually reduction in the cost can boost the expansion of the smart grid sensors market. This super resistant feature of smart grid sensor for the distribution network can serve effectively to users. The smart grid market can expand due to regular power failures across different industries. The smart grid sensor is highly effective to check weather conditions and issues with temperature of power lines during the transmission of energy. These high efficacy and reliability of smart sensors can are gaining popularity across residential and commercial areas. The rise in energy efficiency can spur the growth of the market. On the downside, security concerns and high energy utility counterfeit can hinder the expansion of the smart grid sensors market through the review period 2017-2023
Market Segmentation
The smart grid sensors market study is based on component, sensors, solutions, service, and application.
The sensors based segments of the smart grid sensors market are dynamic line rating sensors, voltage or temperature sensors, transformer monitoring sensors, outage detection sensors, and others. The component segments are sensors, AMI meter, programmable logic controller (PLC), networking hardware, and others. The service segments are deployment &integration, consulting, support & maintenance and others.
Smart grid sensors market segments by solutions are smart grid distribution management, Advance Metering Infrastructure (AMI), grid asset management, smart grid communication, billing &customer information system, and substation automation.
The application based segments of the smart grid sensors are supervisory control and data acquisition (SCADA), smart energy meter, Advanced Metering Infrastructure (AMI), and others
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Regional Analysis
North America is presumed to dominate the world smart grid sensors market. Canada and the U.S are likely to lead in the region. It due to the rise in smart grid solutions suppliers in the region. The enhancement in the grid consistency can bolster the regional market rise. Besides, Europe can experience substantial rise through the forecast period. Regions, such as France, Germany, and the UK can lead the EU smart grid sensor market. It can be attributed to high investment in research and development projects, thus provides innovative techniques for optimization of the smart grids to prevent dissipation loss during transmitting the power to public. Asia Pacific smart grid sensors market is anticipated to rise across the forecast period. India and China are reputed as leaders with high growth prospects due to increase in demand for smart grid solutions, thus causing the regional market to surge.
Key Players
MRFR listed reputed smart grid sensors market players. They are; ABB Ltd. (ABBN (SWX))(Switzerland), General Electric Company (GE (NYSE))(U.S.), Cisco Systems, Inc. (CSCO (NASDAQ))(U.S.), Oracle Corporation (ORCL (NYSE))(U.S.), Schneider Electric SA (France), Siemens AG (Germany), Landis+Gyr (Switzerland), Itron, Inc. (U.S.), Aclara Technologies LLC (U.S.), Tech Mahindra Ltd. (India), Esyasoft Technologies Pvt. Ltd. (India), S&C Electric Company (Illinois, U.S.), Wipro Ltd. (India), Open Systems International, Inc. (Minnesota, U.S.), Trilliant Holdings, Inc. (U.S.), Kamstrup A/S (Denmark), EnerNOC, Inc. (U.S), Globema (Poland), NexGrid, LLC. (U.S.), and e-Smart Systems Pvt. Ltd. (India) amongs others.
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Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Smart Grid Sensors Market Segmentation
- Smart Grid Sensors Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
Continued…
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The global Smart Grid Sensors market report examines the market position and viewpoint of the market worldwide, from various angles, such as from the key player’s point, geological regions, types of product and application.
This Smart Grid Sensors report highlights the key driving factors, constraint, opportunities, challenges in the competitive market.
It also includes company information of each market player, capacity, profit, Smart Grid Sensors product information, price, and so on.The latest Smart Grid Sensors market report published by Data Library Research offers a competency-based analysis and global market estimate, developed using evaluable methods, to provide a clear view of current and expected growth patterns.
The report also contains market analysis by geographic location across the globe as well as major markets.The key manufacturers covered in this report are @:- Tollgrade, Coope(Eaton), Sentient, QinetiQ, ABB, GE, Arteche, Landis, Gyr, 3M Download Latest PDF Sample Copy of this Report @ https://www.datalibraryresearch.com/sample-request/smart-grid-sensors-market-133?utm_source=free_medium=60The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios.Research MethodologyThe data that has been collected is from a multitude of different services that include both primary and secondary sources.
The data also includes a list of the different factors that affect the Smart Grid Sensors market either positively or negatively.
The data has been subjected to a SWOT analysis that can be used to accurately predict the various parameters that are used to measure a company’s growth.
