Market Overview:
The global smart grid sensors market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy efficiency and the need for real-time data collection and analysis. The global smart grid sensors market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into cellular sensors and Wi-Fi sensors. Cellular sensors are expected to witness higher growth during the forecast period as compared to Wi-Fi sensors due to their ability to provide high bandwidth and low latency data transmission. On the basis of application, infrastructure is expected to hold a major share in terms of revenue in 2018 owing to increased investments by governments across regions for upgradation of aging grids infrastructure Smart meters are one such example which helps utilities reduce nontechnical losses, improve load forecasting accuracy, detect theft etc.
Product Definition:
A Smart Grid Sensor is a device used to measure or monitor some aspect of the Smart Grid. The data collected by these sensors can be used to improve grid reliability and efficiency.
Cellular Sensors:
Cellular sensors are used to measure physical parameters such as temperature, pressure, and humidity. They are also used in smart grid for measuring water & power usage and other related data.
The global cellular sensor market is expected to witness significant growth over the forecast period owing to increasing demand across various industry verticals including healthcare, automotive & transportation, consumer electronics & appliances among others.
Wi-Fi Sensors:
Wi-Fi sensors are a new term in the smart grid sensor market. They are low power, easy to install and provide wireless connectivity for data collection. These sensors can be used for water leak detection, building automation, motion detection and other applications.
Application Insights:
The demand response segment dominated the global smart grid sensors market in terms of revenue share in 2017. The growth is attributed to the growing need for managing peak power demand and improving power quality across various industries such as healthcare, commercial, and industrial. Demand response provides real-time information on power usage from a utility perspective thereby enabling energy managers to manage electricity use efficiently across entire economies.
Demand response enables control over large areas of an economy through a central location that can respond quickly to changing needs by providing appropriate responses at the right time. This capability reduces costs by up to 20% when compared with conventional generation sources such as coal or gas plants that are used for back-up purposes only when there is excess load on them resulting in reduced operational cost which makes it highly lucrative among other applications globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in smart grid infrastructure and growing adoption of smart meters across the region. Europe accounted for a significant share of revenue generation in 2017 owing to early adoption of technologies such as Distributed Energy Resources (DER) and Demand Response (DR). Moreover, presence of key players such as Honeywell International Inc.; ABB Ltd; Siemens AG; and General Electric Co., with extensive experience in this industry is also contributing toward regional growth.
Asia Pacific is anticipated to witness substantial growth over the forecast period owing to rising demand for electricity from rapidly developing economies, such as China and India, along with increasing government initiatives promoting energy conservation practices among end-users. Rising penetration of digital devices across various industries has led manufacturers including Samsung Electronics Co., Ltd.; LG Electronics Inc.; Fujifilm Holdings Corporation; Panasonic Corporation; Sony Corporation; Microsoft Corp.
Growth Factors:
- Increasing demand for energy efficiency and conservation
- Rapid urbanization and industrialization in developing countries
- Stringent government regulations for energy management and conservation
- Rising concerns over climate change and its impact on the environment
- Proliferation of smart grid technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Grid Sensors Market Research Report
By Type
Cellular Sensors, Wi-Fi Sensors
By Application
Infrastructure, Demand Response, Data Collection and Control
By Companies
Tollgrade, Coope(Eaton), Sentient, QinetiQ, ABB, GE, Arteche, Landis+Gyr, 3M
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Smart Grid Sensors Market Report Segments:
The global Smart Grid Sensors market is segmented on the basis of:
Types
Cellular Sensors, Wi-Fi Sensors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Infrastructure, Demand Response, Data Collection and Control
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tollgrade
- Coope(Eaton)
- Sentient
- QinetiQ
- ABB
- GE
- Arteche
- Landis+Gyr
- 3M
Highlights of The Smart Grid Sensors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cellular Sensors
- Wi-Fi Sensors
- By Application:
- Infrastructure
- Demand Response
- Data Collection and Control
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Grid Sensors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Grid sensors are devices that can be used to collect data about the electrical grid. This data can be used to improve the reliability and efficiency of the grid.
Some of the major companies in the smart grid sensors market are Tollgrade, Coope(Eaton), Sentient, QinetiQ, ABB, GE, Arteche, Landis+Gyr, 3M.
The smart grid sensors market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Grid Sensors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Grid Sensors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Grid Sensors Market - Supply Chain
4.5. Global Smart Grid Sensors Market Forecast
4.5.1. Smart Grid Sensors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Grid Sensors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Grid Sensors Market Absolute $ Opportunity
5. Global Smart Grid Sensors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Grid Sensors Market Size and Volume Forecast by Type
5.3.1. Cellular Sensors
5.3.2. Wi-Fi Sensors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Grid Sensors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Grid Sensors Market Size and Volume Forecast by Application
6.3.1. Infrastructure
6.3.2. Demand Response
6.3.3. Data Collection and Control
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Grid Sensors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Grid Sensors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Grid Sensors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Grid Sensors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Grid Sensors Demand Share Forecast, 2019-2026
9. North America Smart Grid Sensors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Grid Sensors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Grid Sensors Market Size and Volume Forecast by Application
9.4.1. Infrastructure
9.4.2. Demand Response
9.4.3. Data Collection and Control
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Grid Sensors Market Size and Volume Forecast by Type
9.7.1. Cellular Sensors
9.7.2. Wi-Fi Sensors
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Grid Sensors Demand Share Forecast, 2019-2026
10. Latin America Smart Grid Sensors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Grid Sensors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Grid Sensors Market Size and Volume Forecast by Application
10.4.1. Infrastructure
10.4.2. Demand Response
10.4.3. Data Collection and Control
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Grid Sensors Market Size and Volume Forecast by Type
10.7.1. Cellular Sensors
10.7.2. Wi-Fi Sensors
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Grid Sensors Demand Share Forecast, 2019-2026
11. Europe Smart Grid Sensors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Grid Sensors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Grid Sensors Market Size and Volume Forecast by Application
11.4.1. Infrastructure
11.4.2. Demand Response
11.4.3. Data Collection and Control
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Grid Sensors Market Size and Volume Forecast by Type
11.7.1. Cellular Sensors
11.7.2. Wi-Fi Sensors
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Grid Sensors Demand Share, 2019-2026
12. Asia Pacific Smart Grid Sensors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Grid Sensors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Grid Sensors Market Size and Volume Forecast by Application
12.4.1. Infrastructure
12.4.2. Demand Response
12.4.3. Data Collection and Control
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Grid Sensors Market Size and Volume Forecast by Type
12.7.1. Cellular Sensors
12.7.2. Wi-Fi Sensors
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Grid Sensors Demand Share, 2019-2026
13. Middle East & Africa Smart Grid Sensors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Grid Sensors Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Grid Sensors Market Size and Volume Forecast by Application
13.4.1. Infrastructure
13.4.2. Demand Response
13.4.3. Data Collection and Control
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Grid Sensors Market Size and Volume Forecast by Type
13.7.1. Cellular Sensors
13.7.2. Wi-Fi Sensors
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Grid Sensors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Grid Sensors Market: Market Share Analysis
14.2. Smart Grid Sensors Distributors and Customers
14.3. Smart Grid Sensors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Tollgrade
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Coope(Eaton)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sentient
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. QinetiQ
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ABB
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GE
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Arteche
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Landis+Gyr
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. 3M
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook