- The key vendors in the global smart grid sensors market 2015-2019 are ABB Ltd., Alstom SA, General Electric (GE), Landis+Gyr AG and Siemens AG.
London, 28 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global smart grid sensors market 2015-2019. Need for better energy management is one of the key trends upcoming in the market. Several utilities are developing end-to-end solutions to manage the overall energy consumption of their end-users. Power utilities are increasingly using smart grids and networking solutions with modern sensing technologies to achieve an effective smart grid system. The global smart grid sensors market is estimated to grow significantly, at a CAGR of 16%, during the forecast period of 2014-2019.
The large-scale implementation of smart grid technologies, including smart meters, advanced metering infrastructure, supervisory control and data acquisition, and load forecasting techniques, has led to the significant growth of smart sensors, which help in the efficient and fast detection of abnormal activities in the grid.
“Power utilities worldwide have been investing in innovations to change the way data is transmitted and collected from consumers,” says Faisal Ghaus, Vice President of Technavio Research.
“The smart energy metering solutions, which are integral to the smart grid communication networks, support the overall objective of managing the electricity grid.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
