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Global Smart Grid Sensors Market 2017-2021

Global Smart Grid Sensors Market 2017-2021

About Smart Grid Sensors

Smart grid sensors are compact electrical devices used for detecting and monitoring power system equipment. They track the power line temperatures and weather conditions around the power cables, and are also used to calculate the current carrying capacity of transmission lines.

Technavio’s analysts forecast the global Smart Grid Sensors market to grow at a CAGR of 15.28% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart grid sensors market for 2017-2021. To calculate the market size, the report considers the new installations and exclude replacement/ aftermarket/services market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Smart Grid Sensors Market 2017-2021, 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 over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Aclara Technologies
  • Eaton
  • General Electric
Other prominent vendors
  • Arteche
  • Landis+Gyr
  • Metrycom Communication
  • Mitsubishi Electric
  • Powel
  • QinetiQ
  • Sentient Technologies Holdings
  • Silver Spring Networks
Market driver
  • Transition to smart grids
  • For a full, detailed list, view our report
Market challenge
  • Concerns over cyber security
  • For a full, detailed list, view our report
Market trend
  • Aging power grids
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Smart Grid Sensors Market 2017-2021

Technavio recognizes the following companies as the key players in the global smart grid sensors market: ABB, Aclara Technologies, Eaton, and General Electric.

Other Prominent Vendors in the market are: Arteche, Landis+Gyr, Metrycom Communication, Mitsubishi Electric, Powel, QinetiQ, Sentient Technologies Holdings, and Silver Spring Networks.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is aging power grids. Climate change policies and improvements in technology have resulted in electricity generation from low-carbon or no-carbon renewable sources such as solar, wind, and hydro. As most of the countries are becoming aware of the depletion of fossil fuel resources and the associated carbon emission regulations, they are gradually moving toward renewable energy, which is harnessed from the wind and solar sources to meet their carbon emission goals and reduce the dependence on fossil fuels.”

According to the report, one of the major drivers for this market is transition to smart grids. The power utility sector is undergoing a major change from a rigid structure to a system that is more flexible. These changes are driven by climate change policies, urbanization, and technological breakthroughs. This paradigm shift in the power sector is achieved by the deployment of Advanced metering infrastructure (AMI) and supervisory control and data acquisition SCADA systems, which ensure the integration of smart technologies into the grid, thereby enabling utilities to have greater control over the functioning of the grid.

Further, the report states that one of the major factors hindering the growth of this market is concerns over cyber security. The smart grid infrastructure uses Internet technologies, and hence, it is extremely vulnerable to security threats in the absence of a robust cyber security setup. Smart grids are also highly susceptible to the threat of virus attacks on their software. Traditionally, as power utilities have not been exposed to such security issues, they lack the experience or expertise to deal with these new issues.

Companies Mentioned

ABB, Aclara Technologies, Eaton, General Electric, Arteche, Landis+Gyr, Metrycom Communication, Mitsubishi Electric, Powel, QinetiQ, Sentient Technologies Holdings, and Silver Spring Networks.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global smart grid sensors market overview
    • Market size and forecast
      • Table Global smart grid sensors market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global smart grid sensors market by technology
      • Table Global smart grid sensors market by technology 2016 and 2021 (%)
      • Table Global smart grid sensors market by technology 2016-2021 ($ millions)
    • Global smart grid sensors market by hardware components
      • Table Global smart grid sensors market by hardware components 2016-2021 ($ millions)
    • Global smart grid sensors market by software systems
      • Table Global smart grid sensors market by software systems 2016-2021 ($ millions)
  • Geographical segmentation
    • Global smart grid sensors market by geography
      • Table Global smart grid sensors market by geography 2016 and 2021 (%)
      • Table Global smart grid sensors market by geography 2016-2021 ($ millions)
    • Smart grid sensors market in Americas
      • Table Smart grid sensors market in Americas 2016-2021 ($ millions)
      • Table SGIG investment areas
    • Smart grid sensors market in APAC
      • Table Smart grid sensors market in APAC 2016-2021 ($ millions)
    • Smart grid sensors market in EMEA
      • Table Smart grid sensors market in EMEA 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Table Smart grid technology application areas
    • Table Countries with renewable targets and policies 2005
    • Table Countries with renewable targets and policies 2015
    • Table Public RD&D energy investment* 2000, 2010, and 2015 ($ billions)
    • Table Y04S patent sub-classifications
    • Table Advanced cyber attackers attack chain
  • Market trends
    • Increased demand for power generation and changing energy landscape
      • Table Share of fossil fuels in global energy mix 2014 and 2035
      • Table Traditional power grid
      • Table Transformed grid
    • Aging power grids
    • Increasing use of IoT devices
      • Table Global IoT devices 2016-2021 ($ billions)
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors (indicative list)
  • Key vendor analysis
    • ABB
    • Aclara Technologies
      • Table Aclara Technologies: Products and services overview
      • Table Aclara Technologies: Smart grid product portfolio
    • Eaton
      • Table Eaton: Product portfolio
    • General Electric
      • Table General Electric: Solutions as a service
      • Table General Electric: Smart grid solutions overview
  • Appendix
    • List of abbreviations
  • Explore Technavio

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