Smart Grid Sensors Market to Grow at 16% CAGR to 2019 Global Forecasts Report

Smart grid sensors are compact electrical devices used to detect and monitor power system equipment. They help in solving various issues related to interoperability and inaccurate management system. Smart grid sensors function by enabling the monitoring of electrical equipment such as transformers, arrestors, power cables, and other equipment installed in the power plant or substation along with the demand side management in the smart grid.

These devices monitor the power line temperature and weather conditions in power cables used to calculate the line’s carrying capacity. They are also used in the residential areas and offices for enhancing the energy efficiency. A typical smart grid sensor consists of four parts: transducer, which generates electrical signals; microcomputer, which stores the output; transceiver for receiving and transmitting signals; and power source depending on its application.

The analysts forecast global smart grid sensors market to grow at a CAGR of 16% over the period 2014-2019.

Covered in this Report

The report covers present scenario and the growth prospects of the global smart grid sensors market for the period 2015-2019. The report includes the segmentation of the market based on application.

The report, Global Smart Grid Sensors Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes the geographical segmentation of the market. It also covers a discussion of the key vendors operating in the market.

Key Vendors

  • ABB
  • Alstom
  • GE
  • Landis & Gyr
  • Siemens

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Other Prominent Vendors

  • Itron
  • Mitsubishi Electric
  • Schneider Electric

Market Driver

  • Increase in Smart Grid Deployment

Market Challenge

  • Fragmentation of Market

Market Trend

  • Need for Better Energy Management

Key Questions Answered in this Report

  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

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