According to our latest market study on "Smart Grid Sensors Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Sensor Type (Voltage and Current Sensor, Temperature Sensor, and Others), Voltage Range (Low to Medium Voltage and High Voltage), and Application (Substation Automation, Advanced Metering Infrastructure, Smart Grid Distribution Network, and Others),” the market was valued at US$ 325.0 million in 2019 and is projected to reach US$ 1,221.6 million by 2027; it is expected to grow at a CAGR of 18.3% from 2020 to 2027.
In 2019, North America led the global smart grid sensors market with the largest market share, followed by Europe and APAC. The constant technological advancements by tech giants empower North America to stay ahead in the competition. Companies operating in this region are continuously enhancing the overall business processes to meet customer demands for high-quality products and services in the best possible way. Increasing investments by the governments for the adoption of advanced metering infrastructure owing to the modernization of the electricity grid and reduce distribution as well as transmission losses is mounting the growth of the market in the region. As per the 2018 smart grid system report by the US Department of Energy, the annual smart grid investments rose by 41% from US$ 3.4 billion to US$ 4.8 billion between 2014 and 2016.
The List of Companies - Smart Grid Sensors Market
- ABB Ltd
- Aclara Technologies LLC
- Eaton Corporation plc
- Itron Inc.
- Kamstrup
- LANDIS+GYR
- Schneider Electric
- Sentient Energy, Inc.
- Siemens AG
- Tollgrade Communication Inc.
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Major Product Type of Smart Grid Sensors Market Research report:
- Voltage and Current Sensor
- Temperature Sensor
- Others
Application Smart Grid Sensors Market Research Report:
- Substation Automation
- Advanced Metering Infrastructure
- Smart Grid Distribution Network
- Others
Key Offerings:
- Market Size & Forecast by Revenue | 2028
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors.
The purposes of this analysis are:
- To characterize, portray, and check the Smart Grid Sensors market based on product type, application, and region.
- To estimate and inspect the size of the Smart Grid Sensors market (in terms of value) in six key regions, specifically, North and South America, Western Europe, Central & Eastern Europe, the Middle East, Africa, and the Asia-Pacific.
- To estimate and inspect the Smart Grid Sensors markets at country-level in every region.
- To strategically investigate every sub-market about personal development trends and its contribution to the Smart Grid Sensors market.
- To look at possibilities in the Smart Grid Sensors market for shareholder by recognizing excessive-growth segments of the market.
Key Offerings:
- Market Size & Forecast by Revenue | 2020−2028
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
Smart Grid Sensors Regional and Country-wise Analysis:
- North America (U.S., Canada, Mexico)
- Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
- Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
- Latin America (Brazil, Rest of Latin America)
- The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)
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Top Points Covered in the Global Smart Grid Sensors Market:
- Industry Overview of Global Smart Grid Sensors Market;
- Classification, Specifications and Definition of Smart Grid Sensors Market Segment by Regions;
- Process and Structure
- Research Findings/Conclusion, Smart Grid Sensors deals channel, traders, distributors, dealer’s analysis;
- Complete Market Research, Capacity, Sales and Sales Price Analysis with Company Segment;
- Analysis of Regional Market that contains the United States, Europe, India, China, Japan, Korea & Taiwan;
- Smart Grid Sensors Market Analysis by Major Players, The Smart Grid Sensors Segment Market Analysis (by Type) and (by Application);
- Regional Market Trend Analysis, Market Trend by Product Type and by Application:
- Supply Chain Analysis, Regional Marketing Type Analysis, Global Trade Type Analysis;
- The Global Smart Grid Sensors industry consumers Analysis;
- Appendix and data source of Smart Grid Sensors market.
Market share assessments for the regional and country-level segments.
- Supply chain trends mapping the latest technological advancements.
- Strategic recommendations for the new entrants.
- Market share analysis of the top industry players.
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
- Company profiling with detailed strategies, financials, and recent developments.
- Competitive landscaping mapping the key common trends.
- Strategic recommendations in key business segments based on market estimations.
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