Smart Grid Sensors Market Study Provides In-Depth Analysis of Market Along With the Current Trends 2018 – 2026

smart grid is an electric power system that consists of automated control technology, sophisticated software solutions, and sensors for data control and data acquisition. Smart grids have significantly attracted the attention of industries and governments. Currently, smart grid sensors is a highly progressive technology in the field of power generation, transmission and distribution. Smart grid sensors are highly effective in sensing real-time data of climatic conditions and temperature of power lines while transmitting the energy. The data sensed is then used to enhance the reliability of power transmission and lower the power dissipation, which eventually minimizes the cost. Thus, smart grid sensors are highly efficient for use in commercial and residential buildings to increase the energy efficiency.

A smart grid sensor has become an innovative technique that uses the information & communication technology in the field of electricity generation, transmission and distribution. The smart grid distribution management and software such as SCADA (Supervisory Control and Data Acquisition) has jointly improved the existing power grid system in terms of adaptability, reliability, and efficiency. These factors are expected to promote growth of the smart grid sensors market during the forecast period. Moreover, the latest smart grid sensors do not need batteries to function. In other words, they are inductively powered. Furthermore, advancements in the measurement science and standards for smart grid technologies have resulted in increased spending on research and development. This is anticipated to drive the smart grid sensors market in the near future. However, factors such as large data acquisition, energy counterfeit, and data security as well as accurate data sensing in harsh environments are expected to restrict the smart grid sensors market.

You will get Custom Report at Syndicated Report price, Pre Book Now

The smart grid sensors market is highly fragmented with various start-ups proliferating in the market, especially in developing economies. Manufacturers are increasing investments in research and development to offer innovative techniques for dissipation loss optimization while transmitting power to the general public. Furthermore, the design & production team of players operating in the smart grid sensors market are focusing on sensor functionality to manufacture high-precision smart grid sensor systems. Leading players operating in the smart grid sensors market are General Electric Company, ABB Ltd., Oracle Corporation, Cisco Systems, Inc., Siemens AG, Schneider Electric SA, Itron Inc., Landis+Gyr AG, Tech Mahindra Limited, Aclara Technologies LLC., S&C Electric Company, EsyaSoft Technologies Pvt. Ltd., Open Systems International, Inc., Wipro Limited, Kamstrup A/S, Trilliant Holdings Inc., NexGrid, LLC., Globema, Enel X North America, Inc., and e-Smart Systems Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

Get More Press Releases by TMR: