Unlock What Growth Smart Grid Sensors Market May See in Future; Participants Still Eyeing Growth in Market

Smart Grid Sensors Market Latest Edition Published with Forecast to 2028
The article cited AMA's Global Smart Grid Sensors Market Study explored substantial growth with CAGR of %. According the report, Introduction to Highly Automated Smart Grid Sensors is one of the primary growth factors for the market. Increasing initiatives by utility companies and governments worldwide to modernize aging grid infrastructures drive the demand for Smart Grid Sensors is also expected to contribute significantly to the Smart Grid Sensors market. Overall, Supervisory Control and Data Acquisition (SCADA) applications of Smart Grid Sensors, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as ABB Ltd. (Switzerland), General Electric Company (United States), Oracle Corporation (United States), Cisco Systems, Inc. (United States), Siemens (Germany), Honeywell (United States), Tollgrade Communications, Inc. (United States), Cooper Industries (Eaton) (United States), Sentient Technologies Holdings Limited. (United States), QinetiQ Group plc (United Kingdom) and Itron, Inc. (United States) may see astonishing sales in this Market and certainly improve revenue growth.

The Service, such as Deployment &Integration, is boosting the Smart Grid Sensors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Component, such as AMI Meter, is boosting the Smart Grid Sensors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Solution, such as Smart Grid Distribution Management, is boosting the Smart Grid Sensors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Smart Grid Sensors market identified that the demand is rising in many different parts of the world as "Rapid growth of renewable energy sources creates opportunities for Smart Grid Sensors". Furthermore, some recent industry insights like "In July 2018, ‘The Hawaiian Electric Co.’ which is the United States electric public utility provider and the largest wireless telecommunications provider in the United States ‘Verizon’ modernized Hawaii's power grid with the installation of a smart sensor that collects near real-time data named Grid Wide. It supports the management and balances energy loads, identifies where outages occur, and monitors meter performance." is constantly making the industry dynamic. One of the challenges that industry facing is "Occurrences of Performance and Network Congestion in Emergency Situations and Atmospheric Conditions Impacting the Operational Efficiency"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Smart Grid Sensors market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Smart Grid Sensors market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Smart Grid Sensors market tight?
• Which application/end-user category or Product Type [Outage Detection Sensors, Voltage/Temperature Sensors, Dynamic Line Rating Sensors, Transformer Monitoring Sensors and Others] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Smart Grid Sensors market and other related sub-markets covered in the study.

o Key & emerging players in the Smart Grid Sensors market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Smart Grid Sensors market size is calculated using market estimation process, the Smart Grid Sensors market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Smart Grid Sensors market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales