Global Smart Grid Sensors Market worth to cross USD 6.065 BN by 2026
Posted On February 26, 2020
The report by Value Market Research on the Global Smart Grid Sensors Market anticipates the market growth to reach CAGR of 15% during 2020-2026. The market was valued close to USD 2.28 BN in 2019 and is expected to reach USD 6.065 BN by 2026. The primary ingredients that are supposed to drive the smart grid sensors market are the technological improvements in ageing grid infrastructure and enhancing knowledge about carbon footprint managing. Governments all over the world have directed various corroboratory policies concentrating on the enactment of smart grids and broadening awareness about power conservation. These laws drive the smart grid market in application regions, such as industrial and commercial divisions. Another important factor that enhances the global smart grid sensors market is the deployment of the smart grid sensors and growing smart metering infrastructure worldwide.
Sensors present in the smart grid are tiny and portable nodes that assist as a detection site in a sensor network. These sensors are equipped for remote monitoring of devices. Smart grid sensors to contain sensors and sophisticated software solutions and thus, is a beneficial means of transferring power. Intelligent sensors used in the technology render real-time information to prevent power loss and give dependable service. These are again profitable in governing the weather which enables regional operators in saving time and capital. Smart grid sensors are highly useful in sensing real-time data of weather situations and temperature of power lines while transmitting the energy.
"Global Smart Grid Sensors Market Report By Product (Cellular Sensor And Wi-Fi Sensor), Application (Infrastructure, Demand Response, Data Collection & Control, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" is an elaborate report providing market data on the basis of segments and geography. The study digs deep to identify the market drivers, restraints, opportunities and threats in the near future.
On the basis of product, cellular sensor and wi-fi sensor are the segments covered in the report. By application the smart grid sensors market is segmented into infrastructure, demand response, data collection & control, others
The geographical segmentation of the report highlights the share of the revenue/volume spread globally as per region and country. The study in segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.
The Report Segments Global Smart Grid Sensors Market -
- Cellular Sensor
- Wi-Fi Sensor
- Demand Response
- Data Collection & Control
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Aclara Technologies LLC., Arteche, Eaton (Cooper Industries plc), Landis+Gyr, Mitsubishi Electric Corporation, and Sentient.
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