Smart Grid Sensors Market Development Opportunities and Challenges 2021
“Global Smart Grid Sensors Market” newly added in ReportsWeb.com database. This report covers leading key company profiles with information such as business overview, regional analysis, consumption, revenue and specification
(EMAILWIRE.COM, March 29, 2018 ) Publisher’s market research report predicts that the global smart grid sensors market will grow at a CAGR of more than 15% during the forecast period. The growing transition to smart grids is one of the primary drivers for market growth. The power utility sector is experiencing a major shift from a rigid structure to a flexible system driven by climate change policies, urbanization, and technological advancements. To ensure the integration of smart technologies into the grid and enable utilities to have higher control over the functioning of the grid, the deployment of Advanced metering infrastructure (AMI) and supervisory control and data acquisition SCADA systems is required. The implementation of smart grids has increased due to factors such as the rise in power outages and high costs associated with it, the need for efficient gains, the introduction of regulations that mandate the use of renewables, and significant load increase due to the preference for electric vehicles (EVs) and plug-in hybrid electric vehicles. This shift will lead to the need for smart grid sensors to monitor the grid and help utilities to gain valuable information on the functioning of the grids.
One of the latest trends that will gain traction in the global smart grid sensors market is the rising use of IoT devices. A rapid development is observed in the adoption of smart devices such as smart home appliances and smart thermostats that can adjust based on the changing dynamics of grids. Utilities are shifting to smart grids due to their advantages in achieving better efficiency and lesser stress. The substitution of old electric meters with smart meters is one of the primary steps of shifting to smart grids. Since the Internet of things (IoT) devices enable the communication of more products, they help in improving cost savings. As a result, there will be an increase in the adoption of IoT devices, which will in turn, rise the installation of smart grid sensors.
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The smart grid sensors market consists of consists of established vendors with dedicated R&D funds and large capital resources for the development of new sensor technologies. The market is dominated by local or regional vendors in many regions and the key vendors have a large portfolio of power plant-related equipment and services that can be personalized based on customer requirements.
Key vendors in the market are:
ABB
Aclara Technologies
Eaton
General Electric
Other prominent vendors include Arteche, Landis+Gyr, Metrycom Communication, Mitsubishi Electric, Powel, QinetiQ, Sentient Technologies Holdings, and Silver Spring Networks.
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Five forces analysis
PART 07: Market segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
Complete Report is Available at: http://www.reportsweb.com/global-smart-grid-sensors-market-2017-2021
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One of the latest trends that will gain traction in the global smart grid sensors market is the rising use of IoT devices. A rapid development is observed in the adoption of smart devices such as smart home appliances and smart thermostats that can adjust based on the changing dynamics of grids. Utilities are shifting to smart grids due to their advantages in achieving better efficiency and lesser stress. The substitution of old electric meters with smart meters is one of the primary steps of shifting to smart grids. Since the Internet of things (IoT) devices enable the communication of more products, they help in improving cost savings. As a result, there will be an increase in the adoption of IoT devices, which will in turn, rise the installation of smart grid sensors.
Request Sample Copy is Available at: http://www.reportsweb.com/inquiry&RW0001778470/sample
The smart grid sensors market consists of consists of established vendors with dedicated R&D funds and large capital resources for the development of new sensor technologies. The market is dominated by local or regional vendors in many regions and the key vendors have a large portfolio of power plant-related equipment and services that can be personalized based on customer requirements.
Key vendors in the market are:
ABB
Aclara Technologies
Eaton
General Electric
Other prominent vendors include Arteche, Landis+Gyr, Metrycom Communication, Mitsubishi Electric, Powel, QinetiQ, Sentient Technologies Holdings, and Silver Spring Networks.
Inquire before Buying at: http://www.reportsweb.com/inquiry&RW0001778470/buying
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Five forces analysis
PART 07: Market segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
Complete Report is Available at: http://www.reportsweb.com/global-smart-grid-sensors-market-2017-2021
About Us:
ReportsWeb is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.
Contact Us:
Phone: +1-646-491-9876
Email Id: sales@reportsweb.com
Contact Information:
ReportsWeb.com
Rajat Sahni
Tel: 6464919876
Email us
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ReportsWeb.com
Rajat Sahni
Tel: 6464919876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results