What is Smart Grid Sensors Market?
Due to increasing industrialization across the globe, ample amount of electricity is being use, as well as number of continues manufacturing plants might lead to electric equipment failure. Thus, the smart grid sensors are necessary to stabilize the current flow across the lines as well as to reduce the wastage of currents. Smart Grid Sensor is an advanced technology in the power transmission domain which consists of automated control techniques, sensors, and number of software solutions. These technologically enhanced grid sensors use real time data to improve the consistency in current outflow as well as reduces the power wastage.
The market study is being classified by Type (Outage Detection Sensors, Voltage/Temperature Sensors, Dynamic Line Rating Sensors, Transformer Monitoring Sensors and Others), by Application (Supervisory Control and Data Acquisition (SCADA), Smart Energy Meter, Advanced Metering Infrastructure (AMI) and Others) and major geographies with country level break-up.
ABB Ltd. (Switzerland), General Electric Company (United States), Oracle Corporation (United States), Cisco Systems, Inc. (United States), Siemens (Germany), Honeywell (United States), Tollgrade Communications, Inc. (United States), Cooper Industries (Eaton) (United States), Sentient Technologies Holdings Limited. (United States), QinetiQ Group plc (United Kingdom) and Itron, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Arteche Group (Spain), Tech Mahindra Ltd. (India), Landis+Gyr (Switzerland), 3M (United States) and Aclara Technologies (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Smart Grid Sensors market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Smart Grid Sensors market by Type, Application and Region.
On the basis of geography, the market of Smart Grid Sensors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Smart Grid Sensors Minimizes Electricity Theft as well as Reduces Electricity Losses
- Reduces Electronic Equipment Failures in Automatic Operations Based on Changing Load Conditions
- Introduction to Highly Automated Smart Grid Sensors
- Adoption of Technologically Advances IoT Based Smart Grid Sensors
- Continues Communication Network is required
- Lack of Performance Assurance in Abnormal situations such as Wind Storm, Heavy Rain, and Lightning Conditions
- Significant Cost Savings will lead to Further Investments in Smart Grid Sensors Market
- Growing Adoption in Number of Applications across the Globe
- Occurrences of Performance and Network Congestion in Emergency Situations
- Atmospheric Conditions Impacting the Operational Efficiency
Market Leaders and some development strategies
On September 20th, 2018, Oracle Corporation has signed an agreement with ‘Iridize’ which is a leading enterprise platform for contextual and personalized user training and onboarding for cloud applications. The involvement of Iridize’s technologies and solutions are expected to enhance Oracle’s capabilities to increase cloud application adoption and improve the user onboarding experience.
In July 2018, ‘The Hawaiian Electric Co.’ which is the United State based electric public utility provider and the largest wireless telecommunications provider in the United States ‘Verizon’ have modernized Hawaii's power grid with the installation of a smart sensor that collects near real-time data named Grid Wide. It supports in the management and balances energy loads, identify where outages occur and monitor meter performance.
Key Target AudienceSmart Grid Technology Solution Providers, System Integrators/Migration Service Providers, Support and Maintenance Service Providers, Utility Platform and Analytics Vendors, Government Agencies, Network Service Providers, Research Organizations and Others