Smart Grid Sensor Market Set to Reach $33.21 Billion by 2030 with Key Trends in Distributed Generation and Advanced Solutions

Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "Global Smart Grid Sensor Market by Type (Distributed Generation Sensors, High Voltage Line Temperature & Weather Condition Sensors, Smart Capacitor Control), Component (Microcomputer, Power Source, Transceiver), Solution, Application - Forecast 2024-2030" report has been added to's offering.

The global Smart Grid Sensor Market is experiencing a significant growth trajectory, with the latest market research revealing promising figures and trends that will shape the future of energy distribution and monitoring. According to the detailed report now available, the market size, which was estimated at USD 14.27 billion in 2023, is expected to swell to USD 33.21 billion by 2030, expanding at a CAGR of 12.82% between 2024 and 2030.

In an industry striving for modernization and efficiency, the Smart Grid Sensor Market is aligned with soaring demands for sustainable and resilient energy systems. The market’s growth is propelled by various types, including Distributed Generation Sensors, High Voltage Line Temperature & Weather Condition Sensors, and Smart Capacitor Controls, which are vital for the evolving needs of power distribution networks.

Through comprehensive FPNV Positioning Matrix and Market Share Analysis, the report offers a deep dive into the competitive landscape. These tools assess business strategies and product satisfaction, delivering insights for stakeholders to understand their market positioning and the dynamics at play within the industry.

Key company profiles are thoroughly explored, showcasing industry leaders that are pioneering smart grid technology advancements. These profiled companies are at the forefront of strategic innovation and provide a range of solutions critical for driving the modernization of electrical grids worldwide.

Market segmentation and coverage are extensively covered within the report, offering a detailed breakdown of the market across various components, solutions, and applications. Notably, the market analysis explores the role of microcomputers, transceivers, and other essential components in the smart grid sensor ecosystem. Specific attention is given to solutions like Advance Metering Infrastructure (AMI) and Smart Grid Communication, which are revolutionizing how electricity usage is measured and managed.

The application analysis covers the commercial, industrial, and residential sectors, providing a comprehensive view across diverse geographic regions, including the Americas, Asia-Pacific, and Europe, Middle East & Africa.

Key insights from the comprehensive research:

  • Market Penetration: An in-depth look at the offerings of top players in the Smart Grid Sensor Market.

  • Market Development: Insights into potential markets highlight emerging opportunities for investors.

  • Market Diversification: Information on recent product developments, uncovered markets, and investment prospects.

  • Competitive Assessment & Intelligence: A deep analysis of market shares and competitive strategies of leaders in the sector.

  • Product Development & Innovation: Projections for upcoming technologies and advanced product development in the smart grid sphere.

The report answers critical questions about the market size, industry trends, technology developments, and competitive strategies, providing key insights for stakeholders in the Smart Grid Sensor Market. It is an indispensable guide for understanding the current state and future outlook of an industry at the cusp of a technological revolution in energy distribution and management.

This research is essential for anyone looking to gauge market potential, navigate the technological landscape, and stay ahead in the dynamic and rapidly growing Smart Grid Sensor Market.

For businesses and investors, the actionable intelligence detailed in the report is crucial for strategic decision-making, offering a path to capitalize on the opportunities presented by the dynamic Smart Grid Sensor Market.

Key Attributes:

Report AttributeDetails
No. of Pages186
Forecast Period2024 - 2030
Estimated Market Value (USD) in 2024$16.09 Billion
Forecasted Market Value (USD) by 2030$33.21 Billion
Compound Annual Growth Rate12.8%
Regions CoveredGlobal

Companies Mentioned

  • ABB Ltd.
  • Aclara Technologies LLC
  • Arteche Group
  • Eaton Corporation
  • General Electric Company
  • Itron GmbH
  • Landis+Gyr Group AG
  • Metrycom Communication
  • Mitsubishi Electric Corporation
  • Oracle Corporation
  • Powel AS
  • QinetiQ Group plc
  • Schneider Electric S.E.
  • Sentient Technologies Holdings
  • Silver Springs Networks
  • Tantalus Systems Corp.

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Global Smart Grid Sensor Market

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