Pune, India -- (SBWIRE) -- 12/11/2019 -- Global Smart Grid Sensors Industry

New Study On "2019-2025 Smart Grid Sensors Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast" Added to Wise Guy Reports Database

Overview

Smart grid sensors are primarily used in the generation of electricity to maximize production. These sensors are small devices that measure the electricity output to provide a clear picture of the output, inefficiencies, various points of contacts, and other factors like voltage. The growing demand for energy and its increased importance for the world economy makes it essential to find reliable next-gen solutions. This is the key factor driving the growth of smart grid sensors market. Current next-gen virtual and computer-based systems are essential to check for outages in real-time and predict the future demand for electricity in quick-time. The growing emphasis on sustainable use of energy is also key to driving growth for smart grid sensors market. 

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The key players in the global smart grid sensors market include Abb, Advanced Power Technologies LLC. , American Aerospace Controls, Beckwith Electric, Eaton, Electrohms, Gridpoint, INC., Hd Electric Company, Lem, Maxim Integrated, Mistras Group INC., Mouser Electronics, Nighthawk, Pulse Electronics, S&C Electric Company, Siemens, Tollgrade, Vaisala, Weidmann, Woodward and so on. Partnerships, R&Ds, M&As, and product launches are the key strategies adopted in the global smart grid sensors market.

Segmentation 

The smart grid sensors market report will be primarily split based on the type of sensors. The main sensors in the market include outage detection sensors, voltage/temperature sensors, and dynamic line rating sensors. If potential investors are interested in other types of sensors as well, the report does offer a customized version. There are various other appliances too that aid the smart grid infrastructure. Among these, smart energy meters, advanced metering infrastructure or AMI, and Supervisory control and data acquisition or SCADA will also be studied in depth. 

Regional Analysis 

The global smart grid sensors market report is also divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. According to the International Energy Agency (IEA), the demand for electricity rose worldwide by 4% or 900 TWh. Moreover, its demand is growing twice as fast overall demand for energy. The demand for energy is yet to hit its peak as global commerce environment affected by world trade continues to remain a barrier to achieving its full potential. Additionally, the supply side of power generation is also witnessing dynamic shifts. Renewable energy and nuclear power are increasingly used to meet the demand for energy worldwide. Moreover, traditional means of coal and gas-fired power plants are also rising their potential outputs to meet growing demand. According to the IEA, half of the growth in global energy demand is expected to come from the power sector, which accounts for a significant amount of power consumption. 

Comprehensive research methodology of Global smart grid sensors market.
This report also includes detailed and extensive market overview with key analyst insights.
Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the Global smart grid sensors market.
Insights about market determinants which are stimulating the Global smart grid sensors market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Industry News

IEA has changed its forecasts to report that by 2030 there will be nearly 250 million EVs or electric vehicles on the road. IEA known for its safe and reliable predictions had earlier predicted that there would 125 million EVs on the road. However, growing commitment to renewable sources of energy, and growing solidarity among countries in view of global warming has brought out a more optimistic prediction. Rise in EVs on the road can mean tremendous new opportunities for players in the smart grid sensors market. Some reports suggest that even 10% influx of EVs can offset electricity consumption of household utilities. This is undoubtedly a significant opportunity for countries and private players to improve existing power infrastructure to meet growing demand. 
 

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