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.
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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)
Geographically, the smart grid sensors is segmented into four different regions namely North America, Asia Pacific, Europe, and the Rest of the World.
North America is presumed to be the dominating region in Smart Grid Sensors Market. The U.S. and Canada are the leading countries in this region. This is due to the surging smart grid solutions providers in the region to enhance the grid consistency. Furthermore, Europe is anticipated to have a substantial growth over the forecast period. The countries such as Germany, France and the U.K are the leading countries in the region. This is attributed to a huge investment in research and development for providing innovative techniques to optimize the dissipation loss while transmitting the power to general public. Asia Pacific is also anticipated to be the fastest growing region in the smart grid sensors market over the forecast period. India and China are the leading countries to be a better prospect region owing to increasing demand for the smart grid solutions.
The smart grid sensors is differentiated by sensors, component, service, solutions, and application.
Based on sensors, the smart grid sensors market is sub-segmented into voltage/temperature sensors, outage detection sensors, transformer monitoring sensors, dynamic line rating sensors, and others. The component segment consists of AMI meter, sensors, networking hardware, programmable logic controller (PLC), and others. Furthermore, the service is classified into consulting, deployment &integration, support & maintenance and others.
Smart grid sensors is further divided on the basis of solutions that include Advance Metering Infrastructure (AMI), smart grid distribution management, smart grid communication, grid asset management, substation automation, and billing &customer information system.
On the basis of application segment, the smart grid sensors is segmented into smart energy meter, supervisory control and data acquisition (SCADA), Advanced Metering Infrastructure (AMI), and others
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- Research Firms.
- Government Agencies
- Smart grid technology solution providers
- Utility platform and analytics vendors
- System integrators/migration service providers
- Support and maintenance service providers
- Network service providers
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