(MENAFN- EIN Presswire) Smart Grid Sensors Market
The global smart grid sensors market was valued at $364.7 million in 2021, and is projected to reach $2 billion by 2031, at a CAGR of 18.9% from 2022 to 2031
PORTLAND, OR, UNITED STATES, March 8, 2023 /einpresswire.com / -- The report offers an insightful analysis of the Smart Grid Sensors Market 2023-2031 based on revenue size, share, sales estimation, and key drivers. The report also includes detailed statistics on the opportunities, restraints, and drivers that have a direct impact on the market growth. On the basis of key product offerings, the market study further promotes a sustainable market scenario. At the same time, it concentrates on evaluating the market extent of four major regions including North America, Asia-Pacific, Europe, and LAMEA. However, Porter's five forces analysis of the Smart Grid Sensors Market focuses on the power of suppliers and buyers to help stakeholders make decisions that will increase profits and build up their supplier-buyer network.
The study highlights the plans and policies adopted by the topmost industry players to maintain their position in the Smart Grid Sensors Market by making them operational players in that sector. The market leaders have been carefully evaluated based on their revenue size, service/product portfolio, regional presence, important plans & policies, and overall market growth contribution. The primary research contains a thorough and exhaustive discussion with a global participant, while the secondary research includes a large volume of product or service descriptions.
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Competitive Landscape:
The key players of the global Smart Grid Sensors Market examined in the report include ABB, GE Grid Solutions, Siemens, Landis+Gyr, Trilliant, Itron, S&C Electric, Sentient Energy, Inc., Aclara Technologies LLC and Echelon Corporation
The smart grid sensors market report includes an in-depth analysis of significant business developments, including the introduction of new product launches, partnerships, mergers & acquisitions, joint ventures, expansion, and others. The study accurately distinguishes their relative share, company profiles, product choices, business perspectives, and revenue shares. The research report also includes a thorough analysis of all the global trends and technologies.
The smart grid sensors market exhibited development potential across industrial and commercial sectors. Furthermore, the integration of renewable energy sources such as solar and wind power into the electric power grid is increasing the need for smart grid sensors to monitor and control these sources is driving the growth of the smart grid sensors market through digital transformation.
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Investment research:
The Global Smart Grid Sensors Market Report also examines upcoming business opportunities across the industry. These minute details ensure that shareholders are fully informed of the current investment prospects of the market.
Key areas covered in the global Smart Grid Sensors Market report:
1. Recent developments and trends.
2. Drivers, restraints, and opportunities of the market.
3. Leading market players and their shareholdings.
4. Covid 19 impact on the market.
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate bargaining power of buyers
3.3.3. Moderate threat of substitutes
3.3.4. Moderate threat of new entrants
3.3.5. Moderate intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Growing need for energy-efficient and sustainable solutions
3.4.1.2. Supportive regulatory framework of governments worldwide to promote deployment of smart grids
3.4.2. Restraints
3.4.2.1. Security concerns and the lack of awareness in respect of the availability of smart grid solutions
3.4.3. Opportunities
3.4.3.1. Ongoing smart city projects in developing countries
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: SMART GRID SENSORS MARKET, BY SENSOR
4.1. Overview
4.1.1. Market size and forecast
4.2. Voltage and Temperature Sensors
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Outage Detection
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Others
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
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