Smart grid sensors market The network of energy that can automatically monitor energy flows and adjust to changes in energy supply and demand accordingly is known as Smart grid. Electronic power conditioning and control of the production and distribution of electricity are important aspects of smart grid. Sensors used in smart grid are small, lightweight nodes that serve as a detection station in a sensor network. Smart grid sensors enable the remote monitoring of equipment such as the demand-side management of resources on an energy smart grid and transformers and power lines.
The major factor that augments the global smart grid sensors market is deployment of smart grid and rising smart metering infrastructure across the globe. The global smart grid market is segmented into type, application and regional outlook. In type segment, the market is bifurcated into wireless sensor networks for automated meter infrastructure (AMI), smart voltage sensors, smart capacitor control, and smart sensors for outage detection, transformer monitoring sensors distribution generation sensors for load balancing, voltage sensing and others. In the application segment, the market is bifurcated into individual, government organization, commercial and industrial.
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Global smart grid sensors market is divided regionally into North America, Europe, Asia Pacific and Rest of the World. North American region is growing at a significant rate as this region is well established and fully matured, and technology in this region is at par. Many major market players are situated in this region such as American Aerospace Controls, Maxim Integrated and so on. The US has a highly established infrastructure, which is beneficial for smart city development. APAC region is growing with a remarkable growth rate, the major factors for the growth of the market is improvement of the basic electricity infrastructure, adoption of smart electric grids, and increasing per capita consumption in the nation. India is one of the fastest growing economies across the globe. China is also growing at a very fast pace in this region owing to deployment of smart metering solution in this region. Apart from that, the rapid economic growth and the acceleration of industrialization and urbanization are the boosting factors of the residential electricity consumption in China.
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The key players in the global smart grid sensors market include Abb, Advanced Power Technologies LLC. , American Aerospace Controls, Beckwith Electric, Eaton, Electrohms, Gridpoint, INC., Hd Electric Company, Lem, Maxim Integrated, Mistras Group INC., Mouser Electronics, Nighthawk, Pulse Electronics, S&C Electric Company, Siemens, Tollgrade, Vaisala, Weidmann, Woodward and so on. Partnerships, R&Ds, M&As, and product launches are the key strategies adopted in the global smart grid sensors market.