Global Smart Grid Sensors Market Size | COVID-19 Impact Analysis | Forecast to 2026

The smart grid sensor market is anticipated to showcase significant growth during the forecast period. The policies and incentives at the federal, state and local levels are favoring the adoption of renewable energy generation at the bulk and distribution system levels, thereby driving the growth of the smart grid sensors market. State and federal renewable energy tax credits offer residential, commercial, and industrial customers attractive capital incentives to develop renewable energy projects. The federal Business Energy Investment Tax Credit(ITC) provides a 30% tax credit for solar, fuel cell, and some wind installations.

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The Renewable Electricity Production Tax Credit(PTC) offers a 10-year, per-kWh credit for wind and other renewable systems; the PTC expires December 31, 2019, for wind technologies, and expired in 2017 for all other technologies. Net energy metering (NEM) rules define how customers are credited for the electricity they generate and may require utilities to buy any excess electricity customers add back to the grid. In severalstates, these credits helped to tip the economic scale in favor of onsite solar, particularly as customer installation costs fell quickly over the last five years. However, several states have revised, eliminated, or are reviewing their NEM rules as DER adoption rises to avoid cross-subsidization.

In 2017, 38 states plus DC enforce mandatory NEM rules, down from 43 states plus DC in 2010. More than 1.4 million US customers participate in net energy metering-an almost five-fold increase from 2010—with installations is totaling more than 13.5 MW in generating capacity nationwide. Communities and cities are increasingly seeking energy options to address economic development and environmental and resiliency objectives. In certain states, individuals can form a non-profit group, known as a Community Choice Aggregator, to secure renewable electricity contracts on behalf of a community. Legislated in seven states, community choice aggregation (CCA) is a powerful tool to drive the growth of the smart grid and thereby driving the growth of the global smart grid sensors market.

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Current market trends covered in the market report

• The rapid adoption of renewable sources of energy.

• Increased use of digital information and controls technology to improve reliability, security, and efficiency of the electric grid.

• Identification and lowering of unreasonable or unnecessary barriers to the adoption of smart grid technologies, practices, and services.

• Deployment of “smart” technologies for metering, communications concerning grid operations and status, and distribution automation.

Global Smart Grid Sensor Market Segmentation

· By Type

Wireless Sensors Networks For Automated Meter Infrastructure (AMI)

· Outage Management System

· Supervisory Control And Data Acquisition (SCADA)

· Smart Voltage Sensors

· Smart Capacitor Sensors

· Smarty Sensors for Outage Detection

· Transformer Monitoring Sensors

· Distribution Generation Sensors for Load Balancing

· Voltage Sensing

· Others

By Application

· Individual

· Government Organization

· Commercial

· Industries

Global Smart Grid Sensors Market – Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· Rest of APAC

Rest of The World

· Latin America

· Middle-East Africa

Company Profiles

· Abb Ltd.

· Aclara Technologies, LLC

· Adesto Technologies Corp.

· Alstom Sa

· Bpl Global, Ltd.

· Cisco Systems, Inc.

· Eaton Corp.

· Enphase Energy, Inc.

· General Electric Co.

· Gipro GmbH

· Honeywell International, Inc.

· IBM Corp.

· Itron, Inc.

· Landis+Gyr AG

· Nexgrid Llc

· Open System International, Inc.

· Oracle Corp.

· S&C Electric Co.

· Schneider Electric Se

· Siemens AG

· Stem, Inc.

· Sunverge Energy, Inc.

· Tendril Networks, Inc.

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