Presently, advancement in measurement science and standards for smart grid technologies is causing an increase in expenditure on research and development. Hence, resulting in the development of the market for smart grid sensors. To study further, a new report has been added to the wide database of Facto Market Insights. This research study is titled “Smart Grid Sensor Market: Global Industry Trend Analysis 2012 to 2016 and Forecast 2017–2025”, which encloses data related to the market status as well as forecast analysis for the period between 2017 and 2025. As per key research findings, the global smart grid sensor market is estimated to be valued at nearly US$ 174 Mn in 2017 and is likely to reach nearly US$ 1,450 Mn by 2025 end. At this pace, the revenue is anticipated to exhibit a CAGR of 30.3% during the above-stated forecast period.
A smart grid sensor is basically a small, lightweight node which serves as a detection station in a sensor network. These smart grid sensors allow the remote monitoring of equipment, such as power lines and transformers. The reports start with the executive summary and market introduction which includes, market definition, value chain analysis ad market taxonomy. This section also encloses details related to macro-economic factors and opportunity analysis to enlighten the readers.
The next section includes information about the regional smart grid sensor market analysis and forecast along with market metrics such as the BPS analysis, absolute dollar opportunity, year-on-year growth rates and market attractiveness analysis. Further, the regional drivers, restraints, and trends are also provided to get familiar with factors which are aiding the growth and are hampering the growth of this concerned market across various assessed regions.
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The smart grid sensor market is segmented on the basis of geography which includes the prime regions such as North America, Latin America, Asia Pacific, Europe and Middle East & Africa. For each of the stated regions, the market size for the current as well as forecast period is analyzed quite carefully. Further, based on sensor type, the market is segregated into Voltage/Temperature Sensors, Outage Detection Sensors, Transformer Monitoring Sensors and Dynamic Line Rating Sensors.
The last part of the report contains details about the competitive landscape of the smart grid sensor market. This section holds information on the key market players to educate the readers. This competition landscape offers a dashboard view of the key companies operating in the concerned market along with their important information and broad strategy adopted to stay in the lead.