Press release
Smart Grid Sensors Market is Estimated to Reach USD 1.43 Billion By 2030: Cognitive Market Research
Smart Grid Sensors Market is Estimated to Reach USD 1.43 Billion By 2030: Cognitive Market Research
The smart grid sensor is a device, which is used to data collect on the electric power grid. Smart grid sensors measure an extensive range of parameters including temperature, power consumption, and voltage. These sensors are used to data collected by improving the reliability, security of the electric power grid, and efficiency. In addition, these are used for machine learning algorithms and advanced analytics to identify anomalies and patterns in the data, which help utilities to prevent and detect issues including equipment failures and power outages.
Summary:
• As per the study of CMR, The Global Smart Grid Sensors Market Size Was Valued at USD 365.21 Million In 2022 And Is Expected to Grow at A CAGR Of 18.71 % During the Forecast Period, Reaching USD 1.43 Billion By 2030.
• Based on type, the voltage & temperature sensors segment has the largest revenue share in the smart grid sensors market.
• Based on application, the smart energy meter segment has the major revenue share in the smart grid sensors market.
• Based on end users, the utility has the leading segment in the smart grid sensors market.
• North America has the largest revenue share in the smart grid sensors market.
To know more about The Smart Grid Sensors Market statistics click here: https://www.cognitivemarketresearch.com/smart-grid-sensors-market-report
Market Dynamics:
Smart Grid Sensors Market Driver:
The increasing need for sustainable solutions and energy-efficient is the key factor expected to drive the growth of the smart grid sensors market. In addition, rising efficiency for transmitting energy by checking the temperature of power lines is projected to drive the growth of the global smart grid sensors market.
Smart Grid Sensors Market Opportunities:
Increasing smart sensor projects in emerging economies create lucrative growth opportunities for the smart grid sensors market in the forecast period.
Smart Grid Sensors Market restraints:
Increasing maintenance cost of smart grid sensors, lack of awareness, and security concerns about the availability of the smart grid solution is anticipated to hamper the growth of the smart grid sensors market.
Market Segmentation:
Sensor:
• Voltage and Temperature Sensors
• Dynamic Line Rating Smart Grid Sensors
• Transformer Monitoring Smart Grid Sensors
• Outage Detection
• Others
Based on type, the voltage & temperature sensors segment has the largest revenue share in the smart grid sensors market. This is due to increasing investments of key players in the technology to increase a competitive edge in the smart grid sensors market.
Application:
• Advanced Metering Infrastructure
• Smart Grid Distribution Management
• Supervisory Control and Data Acquisition
• Smart Energy Meter
• Others
Based on application, the smart energy meter segment has the major revenue share in the smart grid sensors market. This is attributed to the smart energy meter allows utilities to collect and analyze data on electricity used in real-time and provide customers with detailed usage information to help manage energy usage.
End User:
• Residential
• Utility
• Commercial
• Industrial
Based on end users, the utility has the leading segment in the smart grid sensors market. This is owing to increasing industrialization, population, and concern over the environment due to fossil power stations improving government to plan regulatory standards with regard to carbon emissions. This is projected to boost the growth of this segment in the smart grid sensors market.
Competitive Analysis for Smart Grid Sensors Market: Tollgrade, Coope(Eaton), Sentient, QinetiQ, ABB, GE, Arteche, Landis+Gyr, 3M
Get free sample pages of the latest published Smart Grid Sensors Market Report: https://www.cognitivemarketresearch.com/smart-grid-sensors-market-report
Regional Analysis:
North America accounted for the largest share of the smart grid sensors market
North America has the largest revenue share in the smart grid sensors market. This is due to the increasing adoption of smart grid sensor projects, the strong financial position in the US and Canada, and high investment in smart infrastructure platforms in the region. This is anticipated to drive the growth of the smart grid sensors market in the region.
Industry News:
Hitachi ABB Power Grids has launched a smart digital substation
In February 2021, Hitachi ABB Power Grids has announced the launch of the new smart digital substation. This new digital substation offers the technology with the unique predictive, prognostic capabilities and prescriptive of the company's Lumada Asset Performance Management solution.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Smart Grid Sensors Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Smart Grid Sensors Market Segmentation
1.5.1 Smart Grid Sensors Market Regional Fragmentation
1.5.1 Smart Grid Sensors Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Smart Grid Sensors Market
• 3.1 Global Smart Grid Sensors Market Size 2018 - 2030, (USD Million)
• 3.2 Global Smart Grid Sensors Value, Absolute & Opportunity Analysis
• 3.3 Global Smart Grid Sensors Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Smart Grid Sensors Market Statistics 2022: Snapshot
Chapter 4 Global Smart Grid Sensors Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Smart Grid Sensors Market by Sensor Segmentation Analysis (2018-2030)
Chapter 10 Global Smart Grid Sensors Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Smart Grid Sensors Market by End User Segmentation Analysis (2018-2030)
Chapter 12 Global Smart Grid Sensors Market Regional Analysis
Chapter 13 North America Smart Grid Sensors Market Outlook (2018 - 2030)
Chapter 14 Europe Smart Grid Sensors Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Smart Grid Sensors Market Outlook (2018 - 2030)
Chapter 16 Latin America Smart Grid Sensors Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Smart Grid Sensors Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customized/Exclusive Report Access on Request
To know more about Smart Grid Sensors Market TOC click here: https://www.cognitivemarketresearch.com/smart-grid-sensors-market-report#table_of_contents
Related Report:
• Smart Grid Market- https://www.cognitivemarketresearch.com/smart-grid-market-report
• Power Grid Market- https://www.cognitivemarketresearch.com/power-grids-market-report
• Smart Grid Technology Market- https://www.cognitivemarketresearch.com/smart-grid-technology-market-report
• Smart Grid Security Market- https://www.cognitivemarketresearch.com/smart-grid-security-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Grid Sensors Market is Estimated to Reach USD 1.43 Billion By 2030: Cognitive Market Research here
News-ID: 2978050 • Views: …
More Releases from Cognitive Market Research
Ultra Fine Copper Powder Market is estimated to grow at a CAGR of 7.1% during th …
Market Overview:
- The term "ultra-fine copper powder" refers to a finely divided type of copper that is distinguished by its exceedingly small particle size and large surface area. It is made using a variety of processes, such as mechanical grinding, electrolysis, and chemical precipitation. Ultra-fine copper powder typically has particles between a few nanometres and a few micrometers in size.
Summary:
- As per Cognitive Market Research, Global Ultra-Fine Copper…
Premium Branding and Status Symbol boosts the Global Metal Card Market: Cognitiv …
Market Overview:
- A metal card typically refers to a credit or debit card that is made from metal materials instead of traditional plastic. These cards are often associated with premium or high-end credit card offerings and are designed to provide a more luxurious and prestigious feel. Metal cards are usually made from materials such as stainless steel, titanium, or other alloys, which gives them a solid and durable construction.…
Slot Machines Market is projected to grow at a CAGR of 12.9% within the forecast …
Market Overview:
A slot machine is operated by inserting coins into a slot and by pulling down on a long handle. It features a set of spinning reels with various symbols on them. Players or individuals insert coins or tokens into the machine and then pull a lever or press a button to activate the reels. The earliest slot machine technology was created with mechanical reels powered by random number generators.…
Mechanical Seals Market is estimated to grow at a CAGR of 4.8% within the foreca …
Market Overview:
A mechanical seal is only a way to keep fluid inside a vessel usually pumps, mixers, etc. when a rotating shaft passes through a stationary housing or, on rare occasions, when the housing rotates around the shaft. Mechanical seals are devices used to prevent leakage between two components or systems that are connected by a rotating shaft. They are commonly used in pumps, compressors, mixers, and other equipment that…
More Releases for Grid
Solar Charge Controller Market Growth: Off-Grid & On-Grid Systems
According to a new report published by Allied Market Research, the solar charge controller market size was valued at $1.8 billion in 2021, and is estimated to reach $3.4 billion by 2031, growing at a CAGR of 6.6% from 2022 to 2031.
A solar charge controller or charge regulator is basically used in the solar energy systems to protect battery from overcharging by regulating the current or voltage produced through solar…
What is a micro-grid? The difference between micro-grid and large grid
What is a Micro-Grid?
A micro-grid is a small-scale power system composed of distributed power sources, loads, energy storage, power distribution and transformation, and control systems. Despite its small size, it is fully functional, capable of generation, distribution, and consumption of electricity. It can autonomously control, protect, and manage itself, optimizing energy within the grid.
The Difference Between Micro-Grid and Large Grid
A micro-grid differs fundamentally from a traditional large grid. While a…
Grid-Forming Inverter Market Grid Management Revolution: The Potential of the Gr …
Grid-Forming Inverter Market
Grid-Forming Inverter Market to reach over USD 1,284.40 billion by the year 2031 - Exclusive Report by InsightAce Analytic
"Grid-Forming Inverter Market" in terms of revenue was estimated to be worth USD 676.01 Million in 2023 and is poised to reach USD 1,284.40 Million by 2031, growing at a CAGR of 8.48% from 2023 to 2031 according to a new report by InsightAce Analytic.
Get a free sample copy…
Grid Resilience: Grid Scale Battery Market Redefines Energy Storage Dynamics, 20 …
Grid Scale Batteries are pivotal in revolutionizing energy storage for large-scale applications. These systems enhance grid reliability by storing excess energy during periods of low demand and releasing it during peak hours. Their versatility supports the integration of renewable energy sources, contributing to a more sustainable and resilient power infrastructure. Grid Scale Batteries play a crucial role in balancing supply and demand, mitigating the impact of intermittent renewable energy generation.…
Transmission and Distribution Market Infrastructure, Upcoming Projects, Investme …
"Transmission and Distribution (T&D) Market - Infrastructure, Upcoming Projects, Investments, Key Operators, and Key Country Analysis to 2025", is the latest market analysis report from GlobalData, that offers comprehensive information and understanding of the T&D market. The report provides a clear overview of and detailed insight into the global T&D market. It provides data covering historic and forecast market size, length and capacity of T&D lines, globally, and in twelve…
Solar Photovoltaic (PV) Installation Market: By Grid Type - Grid-Connected, Off- …
Latest industry research report on: Solar Photovoltaic (PV) Installation Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Download Sample copy of this Report at :http://www.marketresearchreports.biz/sample/sample/148657
Solar Photovoltaic (PV) systems are used to generate electricity through the photovoltaic effect. Solar radiation is trapped and converted to electricity via solar PV panels. The solar PV systems generate electricity with negligible carbon emissions thereby cutting the carbon level in…
