Smart Grids Sensors Market Overview

The report is titled ‘Smart Grids Sensors Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the smart grids sensors market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. Smart grids sensors market is expected to grow at a significant rate in the near future.

The global smart grids sensors market in 2020 is estimated for more than US$ 33.3 Bn and expected to reach a value of US$ 152.0 Bn by 2028 with a significant CAGR of 21.0%.

Smart Grids Sensors Market Definition

A lightweight, small node that functions as a detection station within a sensor network can be referred to as a smart grid sensor. This advanced sensor also permits remote monitoring of equipment like power lines and transformers along coupled with the fulfillment of the demand-side management of the resources on an energy smart grid. These technologically advanced sensors are also employed to monitor changing weather conditions along with the temperature of the power line that can further be utilized during the calculation of the carrying capacity of the line. A smart grid sensor usually has four parts, namely, a microcomputer, transducer, transceiver, and a power source.

Smart Grids Sensors Market Dynamics

Adoption of technologically advanced smart grid sensors, increasing R & D activities, and supporting government policies and funding on such smart projects is fueling the growth of the market. Moreover, the concern for extreme weather conditions and modifications in the methods and standards are also responsible for enhancing the potential of smart grid sensors.

However, the increasing adoption and applications of IoT along with the aging power grids and growing need for power generation also boost the growth of this market. Factors like grid instability, cyber-security, and privacy concerns may hinder the growth of the global smart grid sensor market.

The global smart grids sensors market is expected to increase at a significant CAGR over the forecast period owing to the modernization of aging grid infrastructure, launch, and adoption of upcoming smart city projects, and favorable government policies and funding. In addition, the growing need for renewable energy production sources, awareness about carbon footprint management, and ongoing research activities further aid the demand in this market.

Smart Grids Sensors Market Key Players

The global smart grids sensors market is mainly dominated by ABB Ltd., Aclara Technologies LLC, General Electric Company, GIPRO GmbH, Honeywell International Inc., Networked Energy Services Corporation, QinetiQ Group PLC, Sentient Energy, Inc., Siemens AG, Torino Power Solutions Inc., and Toshiba Corporation.

Smart Grids Sensors Market Segmentation

The global smart grids sensors market is segmented on the basis of sensors, application, and region.

On the basis of sensors, the global smart grids sensors market can be segmented into voltage/temperature sensors, outage detection sensors, transformer monitoring sensors, dynamic line rating sensors, and others. On the basis of application, the global smart grids sensors market can be segmented into smart Advanced Metering Infrastructure (AMI), energy meter, SCADA, and others.

Smart Grids Sensors Market Regional Segmentation

On the basis of region, the global smart grids sensors market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America smart grids sensors market is expected to be the most dominating market throughout the forecast period. Factors like focus on the development of electricity infrastructure, reduction of carbon emission, and adoption of renewable energy production are fuelling the growth of global smart grid sensor market.

MMC Overview on Smart Grids Sensors Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.

A research report on the Smart Grids Sensors market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth include (but not restricted to):

•    New product designs and launches

•    Current product compliance

•    Reimbursement

•    Concerns for use of Smart Grids Sensors

•    Advantages of Smart Grids Sensors

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at a regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make an informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment wherein one/two manufacturer(s) dominates the market, its product sales, previous growth rates, and market expansion plans are considered to generate market share in the global market.

1.    Global Smart Grids Sensors Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Smart Grids Sensors Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Smart Grids Sensors Market Snapshot

2.4.    Global Smart Grids Sensors Market Size and Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Smart Grids Sensors Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Key Regulations

2.7.    Porter’s Five Forces Model

3.    Global Smart Grids Sensors Market, By Sensors

3.1.    Introduction

3.1.1.    Annual Growth Rate Comparison, By Sensors

3.1.2.    BPS Analysis, By Sensors

3.2.    Market Revenue (US$Mn) Forecast, By Sensors

3.2.1.    Voltage/Temperature Sensors

3.2.2.    Outage Detection Sensors

3.2.3.    Transformer Monitoring Sensors

3.2.4.    Dynamic Line Rating Sensors

3.2.5.    Others

3.3.    Global Smart Grids Sensors Market Attractiveness Index, By Sensors

4.    Global Smart Grids Sensors Market, By Application

4.1.    Introduction

4.1.1.    Annual Growth Rate Comparison, By Application

4.1.2.    BPS Analysis, By Application

4.2.    Market Revenue (US$Mn) Forecast, By Application

4.2.1.    Smart Energy Meter

4.2.2.    SCADA

4.2.3.    Advanced Metering Infrastructure (AMI)

4.2.4.    Others

4.3.    Global Smart Grids Sensors Market Attractiveness Index, By Application

5.    Global Smart Grids Sensors Market, By Region

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Region

5.1.2.    BPS Analysis, By Region

5.2.    Market Revenue (US$Mn) Forecast, By Region

5.2.1.    North America

5.2.2.    Latin America

5.2.3.    Europe

5.2.4.    Asia Pacific

5.2.5.    Middle East 

5.2.6.    Africa

5.3.    Global Smart Grids Sensors Market Attractiveness Index, By Region

6.    North America Smart Grids Sensors Market Analysis and Forecast, 2020–2028

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Country

6.1.2.    BPS Analysis, By Country

6.2.    Market Revenue (US$Mn) Forecast, By Country

6.2.1.    U.S. Smart Grids Sensors Market

6.2.2.    Canada Smart Grids Sensors Market

6.3.    North America Smart Grids Sensors Market, By Sensors

6.3.1.    Voltage/Temperature Sensors

6.3.2.    Outage Detection Sensors

6.3.3.    Transformer Monitoring Sensors

6.3.4.    Dynamic Line Rating Sensors

6.3.5.    Others

6.4.    North America Smart Grids Sensors Market, By Application

6.4.1.    Smart Energy Meter

6.4.2.    SCADA

6.4.3.    Advanced Metering Infrastructure (AMI)

6.4.4.    Others

6.5.    North America Smart Grids Sensors Market Attractiveness Index

6.5.1.    By Country

6.5.2.    By Sensors

6.5.3.    By Application

7.    Latin America Smart Grids Sensors Market Analysis and Forecast, 2020–2028

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Country

7.1.2.    BPS Analysis, By Country

7.2.    Market (US$Mn) Forecast, By Country

7.2.1.    Brazil Smart Grids Sensors Market

7.2.2.    Mexico Smart Grids Sensors Market

7.2.3.    Argentina Smart Grids Sensors Market

7.2.4.    Rest Of Latin America Smart Grids Sensors Market

7.3.    Latin America Smart Grids Sensors Market, By Sensors

7.3.1.    Voltage/Temperature Sensors

7.3.2.    Outage Detection Sensors

7.3.3.    Transformer Monitoring Sensors

7.3.4.    Dynamic Line Rating Sensors

7.3.5.    Others

7.4.    Latin America Smart Grids Sensors Market, By Application

7.4.1.    Smart Energy Meter

7.4.2.    SCADA

7.4.3.    Advanced Metering Infrastructure (AMI)

7.4.4.    Others

7.5.    Latin America Smart Grids Sensors Market Attractiveness Index

7.5.1.    By Country

7.5.2.    By Sensors

7.5.3.    By Application

8.    Europe Smart Grids Sensors Market Analysis and Forecast, 2020–2028

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Country

8.1.2.    BPS Analysis, By Country

8.2.    Market (US$Mn) Forecast, By Country

8.2.1.    U.K. Smart Grids Sensors Market

8.2.2.    Germany Smart Grids Sensors Market

8.2.3.    Italy Smart Grids Sensors Market

8.2.4.    France Smart Grids Sensors Market

8.2.5.    Spain Smart Grids Sensors Market

8.2.6.    Russia Smart Grids Sensors Market

8.2.7.    Poland Smart Grids Sensors Market

8.2.8.    BENELUX Smart Grids Sensors Market

8.2.9.    NORDIC Smart Grids Sensors Market

8.2.10.    Rest Of Europe Smart Grids Sensors Market

8.3.    Europe Smart Grids Sensors Market, By Sensors

8.3.1.    Voltage/Temperature Sensors

8.3.2.    Outage Detection Sensors

8.3.3.    Transformer Monitoring Sensors

8.3.4.    Dynamic Line Rating Sensors

8.3.5.    Others

8.4.    Europe Smart Grids Sensors Market, By Application

8.4.1.    Smart Energy Meter

8.4.2.    SCADA

8.4.3.    Advanced Metering Infrastructure (AMI)

8.4.4.    Others

8.5.    Europe Smart Grids Sensors Market Attractiveness Index

8.5.1.    By Country

8.5.2.    By Sensors

8.5.3.    By Application

9.    Asia Pacific Smart Grids Sensors Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market (US$Mn) Forecast, By Country

9.2.1.    China Smart Grids Sensors Market

9.2.2.    India Smart Grids Sensors Market

9.2.3.    Japan Smart Grids Sensors Market

9.2.4.    Australia And New Zealand Smart Grids Sensors Market

9.2.5.    South Korea Smart Grids Sensors Market

9.2.6.    ASEAN Smart Grids Sensors Market

9.2.7.    Rest Of Asia Pacific Smart Grids Sensors Market

9.3.    Asia Pacific Smart Grids Sensors Market, By Sensors

9.3.1.    Voltage/Temperature Sensors

9.3.2.    Outage Detection Sensors

9.3.3.    Transformer Monitoring Sensors

9.3.4.    Dynamic Line Rating Sensors

9.3.5.    Others

9.4.    Asia Pacific Smart Grids Sensors Market, By Application

9.4.1.    Smart Energy Meter

9.4.2.    SCADA

9.4.3.    Advanced Metering Infrastructure (AMI)

9.4.4.    Others

9.5.    Asia Pacific Smart Grids Sensors Market Attractiveness Index

9.5.1.    By Country

9.5.2.    By Sensors

9.5.3.    By Application

10.    Middle East Smart Grids Sensors Market, By Region

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    GCC Countries Smart Grids Sensors Market

10.2.2.    Israel Smart Grids Sensors Market

10.2.3.    Oman Smart Grids Sensors Market

10.2.4.    Rest Of Middle East Smart Grids Sensors Market

10.3.    Middle East Smart Grids Sensors Market, By Sensors

10.3.1.    Voltage/Temperature Sensors

10.3.2.    Outage Detection Sensors

10.3.3.    Transformer Monitoring Sensors

10.3.4.    Dynamic Line Rating Sensors

10.3.5.    Others

10.4.    Middle East Smart Grids Sensors Market, By Application

10.4.1.    Smart Energy Meter

10.4.2.    SCADA

10.4.3.    Advanced Metering Infrastructure (AMI)

10.4.4.    Others

10.5.    Middle East Smart Grids Sensors Market Attractiveness Index

10.5.1.    By Country

10.5.2.    By Sensors

10.5.3.    By Application

11.    Africa Smart Grids Sensors Market, By Region

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    South Africa Smart Grids Sensors Market

11.2.2.    Egypt Smart Grids Sensors Market

11.2.3.    North Africa Smart Grids Sensors Market

11.2.4.    Rest Of Africa Smart Grids Sensors Market

11.3.    Africa Smart Grids Sensors Market, By Sensors

11.3.1.    Voltage/Temperature Sensors

11.3.2.    Outage Detection Sensors

11.3.3.    Transformer Monitoring Sensors

11.3.4.    Dynamic Line Rating Sensors

11.3.5.    Others

11.4.    Africa Smart Grids Sensors Market, By Application

11.4.1.    Smart Energy Meter

11.4.2.    SCADA

11.4.3.    Advanced Metering Infrastructure (AMI)

11.4.4.    Others

11.5.    Africa Smart Grids Sensors Market Attractiveness Index

11.5.1.    By Country

11.5.2.    By Sensors

11.5.3.    By Application

12.    Recommendation

12.1.    Market Strategy

13.    Competitive Landscape

13.1.    Competition Dashboard

13.2.    List and Company Overview of Global Key Players

13.3.    Company Profiles

13.3.1.    ABB Ltd.

13.3.1.1.    Company Overview

13.3.1.2.    Financial Overview

13.3.1.3.    Product Portfolio

13.3.1.4.    Key Developments

13.3.1.5.    Business Strategies

13.3.2.    Aclara Technologies LLC

13.3.3.    General Electric Company

13.3.4.    GIPRO GmbH

13.3.5.    Honeywell International Inc.

13.3.6.    Networked Energy Services Corporation

13.3.7.    QinetiQ Group PLC

13.3.8.    Sentient Energy, Inc.

13.3.9.    Siemens AG

13.3.10.    Torino Power Solutions Inc.

13.3.11.    Toshiba Corporation

14.    Acronyms