A comprehensive analysis of the situation of Smart Grid Sensors market is been done in this intelligence report. It includes the investigations done of the past progress, ongoing market scenarios and future prospects. An accurate data of the products, strategies and market shares of leading companies in this particular market is mentioned.
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Global smart grid sensors market will grow at a CAGR of more than +14% 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.
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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.
Key Players in this Report:
Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well informed decision.
Competitive landscape of Smart Grid Sensors market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.
The study segments the market by geography into: North America, Europe, Asia Pacific, and Rest of the World. It provides in-depth forecasts of revenue of the market as a whole as well as each and every application segment.
The competitive landscape is mapped depending on product and technology. This study also offers an overview of pricing trends and ancillary factors that will be influencing pricing in the global Smart Grid Sensors market.
The market study, estimation, and market sizing have been done utilizing a combination of top-down and bottom-up approaches.
Most important data include the key recommendations and predictions by our analysts, intended to steer a strategic business decision. The company profiles section of this research service is a compilation of the growth strategies, financial status, product portfolio, and recent developments of key market participants.
The report provides detailed industry analysis of the global Smart Grid Sensors market with the help of proven research methodologies such as Porter’s five forces. The forces analyzed are bargaining power of the buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and the degree of competition.
Table of Contents:
Global Smart Grid Sensors Market Research Report 2017-2021
Chapter 1 Smart Grid Sensors Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturers
Chapter 4 Production, Revenue (Value) by Region (2012-2017)
Chapter 5 Supply (Production), Consumption, Export, Import by Regions (2012-2017)
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast (2017-2021)
Chapter 13 Appendix
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