Smart Grid Sensors Market Scope And Analysis

Report Code : TIPRE00012739
Category : Electronics and Semiconductor

No. of Pages : 150

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Smart Grid Sensors Market Analysis, Scope, and Growth by 2027

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Smart Grid Sensors Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 631.3 Million
Market Size by 2031	US$ 2489.3 Million
Global CAGR (2023 - 2031)	18.7%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Sensor Type Voltage and Current Sensor Temperature Sensor By Voltage Range Low to Medium Voltage and High Voltage By Application Substation Automation Advanced Metering Infrastructure Smart Grid Distribution Network
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	ABB Ltd LEM Eaton Corporation plc ltron Inc Kamstrup LANDIS GYR Schneider Electric Sentient Energy Inc Siemens AG vCisco Systems

Smart Grid Sensors Market News and Recent Developments

The Smart Grid Sensors Market

is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

In February 2021, TE Connectivity enabled smart grid applications with Raychem RSTI-VS separable connector with voltage sensor, compatible with Kries’ grid monitoring device IKI-50. TE Connectivity, a world leader in connectivity and sensors, launched its Raychem smart RSTI-VS separable connector with voltage sensor. It can be used for grid monitoring and advanced earth fault and short circuit detection in IEC markets. (Source: TE Connectivity, Inc, Press Release, 2021)
In March 2023, NIST researchers Eugene Song and Kang Lee participated in the IEEE P2681 working group, which led to the development of a technical report, PES-TR102, MV Smart Grid Sensor and Sensor Systems: Measurement Accuracy and Uncertainty Considerations. The report was sponsored by the IEEE PES PSIM Sensors Task Force (TF) and posted in January 2023. The report supports the development of the proposed IEEE P2681 standard “Guide for Testing Medium Voltage (MV) Smart Grid Sensors and Intelligent Electronic Device (IED) Systems.” (Source: National Institute of Standard and Technology (NIST), Press Release, 2023)

Smart Grid Sensors Market Report Coverage and Deliverables

The “Smart Grid Sensors Market Size and Forecast (2023–2031)” report provides a detailed analysis of the market covering below areas:

Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Market dynamics such as drivers, restraints, and key opportunities
Key future trends
Detailed PEST/Porter’s Five Forces and SWOT analysis
Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
Detailed company profiles