Smart Grid Sensor Market
Smart Grid Sensor Market Analysis by Voltage/Temperature Sensors, Outage Detection Sensors, Transformer Monitoring Sensors, and Dynamic Line Rating Sensors from 2023 to 2033
Analysis of Smart Grid Sensor Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Smart Grid Sensor Market Outlook (2023 to 2033)
Based on the latest industry analysis by Fact.MR, the global smart grid sensor market size is valued at US$ 587.3 million in 2023 and is projected to expand at a noteworthy CAGR of 15.1% to reach US$ 2.39 billion by the end of 2033.
The market is witnessing significant growth due to the increasing adoption of smart grid technology across the world. These sensors are crucial for real-time data monitoring, accurate billing, and remote readings, supporting the efficient management of electricity distribution.
Market expansion is also driven by the rising demand for enhanced grid monitoring, integration of renewable energy sources, and government initiatives promoting smart grid adoption. The smart grid sensor market growth is expected to continue as worldwide focus on energy efficiency and sustainability persists.
| Report Attributes | Details |
|---|---|
| Smart Grid Sensor Market Size (2022A) | US$ 520.4 Million |
| Estimated Market Value (2023E) | US$ 587.3 Million |
| Forecasted Market Value (2033F) | US$ 2.39 Billion |
| Global Market Growth Rate (2023 to 2033) | 15.1% CAGR |
| United States Market Growth Rate (2023 to 2033) | 15.9% CAGR |
| Smart Energy Meters Segment Market Share (2023) | 43.1% |
| Key Companies Profiled | ABB Ltd.; Aclara Technologies LLC; General Electric Company; Honeywell International Inc.; Eaton; Toshiba Corporation; Networked Energy Services Corporation; QinetiQ Group PLC; Torino Power Solutions Inc.; Sentient Energy, Inc.; ARTECHE; Siemens AG; Ingenu Inc.; GIPRO GmbH; GRID20/20 Inc. |
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Historic (2018 to 2022) and Future (2023 to 2033) Pathway Analysis for Smart Grid Sensors
The smart grid sensor market advanced at a CAGR of 11.3% from 2018 to 2022. Smart grid sensors have come a long way and are now an essential component in the energy sector. They improve grid reliability, minimize energy losses, and optimize energy distribution.
As renewable energy sources and electric vehicles have become more prevalent, smart sensors have evolved to meet these new demands. In the future, they are expected to continue to play a critical role in achieving grid modernization, promoting sustainability, and creating a resilient, efficient, and environmentally responsible energy future.
- Short Term (2023 to 2026): As utilities aim to improve power grid reliability and efficiency, demand for smart grid sensors is expected to grow steadily. This is driven by the need to integrate renewable energy sources, manage peak demand, and enhance grid resilience.
- Medium Term (2026 to 2029): Demand for a robust charging infrastructure is expected to increase significantly due to the rapid adoption of electric vehicles. This is expected to entail a focus on grid modernization and environmental sustainability, leading to a wider deployment of smart grid sensors.
- Long Term (2029 to 2033): Smart grid sensors are becoming increasingly important towards a fully interconnected, adaptable, and carbon-neutral electrical grid. This change is driven by investments in research and development to produce better sensors and widely used applications.
The market is predicted to expand at a CAGR of 15.1% during the forecast period from 2023 to 2033, according to Fact.MR, a market research and competitive intelligence provider.
How Do Smart Grid Sensors Enhance Utility Operations?
“Crucial Role in Immediate Fault Detection and Response”
Smart grid sensors are a powerful tool for utilities to monitor and optimize grid operations. These sensors collect and transmit real-time data, providing precise information on power quality, consumption patterns, and grid health, and can even be used as wireless sensor networks.
Unlike their analog counterparts, smart grid sensors offer immediate insights that enable quick detection and response to faults and outages. They integrate renewable energy sources and demand response capabilities, making them an essential component of modern grid infrastructure.
Utilizing smart grid sensors is crucial for modernizing the grid system and achieving a more efficient, sustainable, and resilient energy future. Advancements in technology are steering towards the adoption of smart grid sensors in place of conventional grid systems.
“Growing Adoption of Electric Vehicles Necessitating Efficient Charging Infrastructure”
A reliable charging infrastructure is crucial for electric vehicles (EVs). Smart grid sensors are necessary to manage the unique challenges posed by EVs to the electrical grid. They provide real-time information on grid performance, allowing utilities to balance the load, prevent overloads, and carry out demand-response programs during peak hours. Smart grid sensors also play a crucial role in integrating renewable energy sources into the grid to ensure sustainable power for EVs.
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What Challenges Do Utilities Face in Adopting Smart Grid Sensors?
“High Upfront Installation Costs”
Adoption of smart grid sensors encounters a notable hurdle in the form of substantial upfront costs for purchasing, installing, and setting up the necessary infrastructure. For utilities and grid operators, these initial expenses can be discouraging, particularly in financially constrained circumstances. Nevertheless, investing in smart grid technology yields substantial returns over time, contributing to enhanced efficiency, reduced operating costs, improved reliability, and incorporation of renewable energy sources.
Country-Wise Insights
How is Demand for Smart Grid Sensors Shaping Up in the United States?
“Goal for Carbon-Free Electricity Driving Demand for Smart Grid Sensors”
The United States market stands at US$ 128.5 million in 2023 and is projected to expand at a CAGR of 15.9% from 2023 to 2033.
Smart grid sensors offer various benefits for achieving carbon-free electricity in the United States. They integrate renewable energy sources by monitoring output and ensuring efficient distribution. Smart grid sensors provide real-time data on grid performance and electricity consumption, enabling informed decisions and reducing energy waste.
Smart grid sensors support demand-response programs, incentivize cleaner energy sources, and contribute to grid resilience. Investing in smart grid sensors, along with other clean energy technologies and policies, is critical for the United States to reach carbon pollution-free electricity goals.
How are Smart Grid Sensors Supporting India's Growing Economy?
“High Demand for Smart Grid Sensors Due to Rising Power Consumption”
The market in India is valued at US$ 40.6 million in 2023. India's fast-growing industrialization, urbanization, and economy are increasing the need for smart grid sensors. The rise in power consumption is putting significant pressure on electrical grids, making smart grid sensors critical tools to monitor and optimize electricity distribution.
These sensors provide real-time data about grid performance, helping utilities balance loads, prevent overloads, and improve energy efficiency. They make smart grid sensors sustainable and adaptable to India's evolving power needs.
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Category-wise Insights
How are Voltage and Temperature Sensors Enhancing Smart Grid Reliability?
“Swift Detection of Fluctuations and Imbalances Enabling Quick Corrective Actions”
Sales of voltage and temperature sensors for smart grids are estimated at US$ 129 million in 2023, as per this study by Fact.MR.
Voltage and temperature sensors are crucial components of a smart grid system. Voltage sensors play a crucial role in ensuring power quality by detecting voltage fluctuations and imbalances, enabling swift corrective actions to prevent equipment damage and power disruptions. On the other hand, temperature sensors provide valuable insights into the health of grid infrastructure, such as transformers and power lines, by detecting temperature fluctuations. This allows proactive maintenance to prevent costly outages.
Why are Smart Energy Meters in Such High Demand?
“Growing Demand for Data-driven Insights and Rising Need for Energy Conservation”
Smart energy meters account for over 43% of the smart grid sensor market share and the segment has reached a valuation of US$ 224.3 million in 2023.
As the energy industry advances, smart energy meters are becoming more popular due to the increasing installation of smart metering systems. These meters replace outdated analog ones and offer real-time information on energy usage, thereby facilitating real-time grid monitoring. This enables consumers to track and manage their consumption, resulting in energy savings. Smart meters also simplify billing procedures by eliminating the need for manual meter readings, reducing disputes.
For utility providers, smart meters offer insights into grid performance, load distribution, and power quality. This allows for efficient grid management and supports initiatives such as time-of-use pricing and demand response. By encouraging customers to minimize energy usage during peak hours, these meters are becoming increasingly essential for modernized and efficient energy infrastructure. They align with the growing demand for data-driven insights and energy conservation.
Competition Landscape
Leading manufacturers of smart grid sensors are ABB Ltd., Aclara Technologies LLC, General Electric Company, Honeywell International Inc., Eaton, Toshiba Corporation, Networked Energy Services Corporation, QinetiQ Group PLC, Torino Power Solutions Inc., Sentient Energy, Inc., ARTECHE, Siemens AG, Ingenu Inc., GIPRO GmbH, and GRID20/20 Inc.
Market players looking at smart grid integration are focused on manufacturing more technologically advanced smart grid sensors such as voltage and temperature smart grid sensors, outage detection smart grid sensors, transformer monitoring smart grid sensors, dynamic line rating smart grid sensors, and others. Investments in research and development of sensors for various applications such as smart energy meters, SCADA, advanced metering infrastructure (AMI), and others.
Segmentation of Smart Grid Sensor Market Research
-
By Sensor :
- Voltage/Temperature Smart Grid Sensors
- Outage Detection Smart Grid Sensors
- Transformer Monitoring Smart Grid Sensors
- Dynamic Line Rating Smart Grid Sensors
- Others
-
By Application :
- Smart Energy Meters
- SCADA
- Advanced Metering Infrastructure (AMI)
- Others
-
By End User :
- Public Grid Operators
- Private Grid Operators
-
By Region :
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Middle East & Africa
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Units) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ Million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Sensor
- 7.1. Voltage/Temperature Smart Grid Sensors
- 7.2. Outage Detection Smart Grid Sensors
- 7.3. Transformer Monitoring Smart Grid Sensors
- 7.4. Dynamic Line Rating Smart Grid Sensors
- 7.5. Others
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Smart Energy Meters
- 8.2. SCADA
- 8.3. Advanced Metering Infrastructure (AMI)
- 8.4. Others
- 9. Global Market Analysis and Forecast, By End User
- 9.1. Public Grid Operators
- 9.2. Private Grid Operators
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. East Asia
- 10.4. South Asia & Pacific
- 10.5. Western Europe
- 10.6. Eastern Europe
- 10.7. Middle East & Africa
- 11. North America Market Analysis and Forecast
- 12. Latin America Market Analysis and Forecast
- 13. Western Europe Market Analysis and Forecast
- 14. Eastern Europe Market Analysis and Forecast
- 15. East Asia Market Analysis and Forecast
- 16. South Asia & Pacific Market Analysis and Forecast
- 17. Middle East & Africa Market Analysis and Forecast
- 18. Country-level Market Analysis and Forecast
- 19. Market Structure Analysis
- 20. Competition Analysis
- 20.1. ABB Ltd.
- 20.2. Aclara Technologies LLC
- 20.3. General Electric Company
- 20.4. Honeywell International Inc.
- 20.5. Eaton
- 20.6. Toshiba Corporation
- 20.7. Networked Energy Services Corporation
- 20.8. QinetiQ Group PLC
- 20.9. Torino Power Solutions Inc.
- 20.10. Sentient Energy, Inc.
- 20.11. ARTECHE
- 20.12. Siemens AG
- 20.13. Ingenu Inc.
- 20.14. GIPRO GmbH
- 20.15. GRID20/20 Inc.
- 21. Assumptions & Acronyms Used
- 22. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ Million), by Region, 2018 to 2022
Table 02. Global Market Value (US$ Million) and Forecast by Region, 2023 to 2033
Table 03. Global Market Volume (Units), by Region, 2018 to 2022
Table 04. Global Market Volume (Units) and Forecast by Region, 2023 to 2033
Table 05. Global Market Value (US$ Million), By Sensor, 2018 to 2022
Table 06. Global Market Value (US$ Million) and Forecast By Sensor, 2023 to 2033
Table 07. Global Market Volume (Units), By Sensor, 2018 to 2022
Table 08. Global Market Volume (Units) and Forecast By Sensor, 2023 to 2033
Table 09. Global Market Value (US$ Million), By Application, 2018 to 2022
Table 10. Global Market Value (US$ Million) and Forecast By Application, 2023 to 2033
Table 11. Global Market Volume (Units), By Application, 2018 to 2022
Table 12. Global Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 13. Global Market Value (US$ Million), By End User, 2018 to 2022
Table 14. Global Market Value (US$ Million) and Forecast By End User, 2023 to 2033
Table 15. Global Market Volume (Units), By End User, 2018 to 2022
Table 16. Global Market Volume (Units) and Forecast By End User, 2023 to 2033
Table 17. North America Market Value (US$ Million), by Country, 2018 to 2022
Table 18. North America Market Value (US$ Million) and Forecast by Country, 2023 to 2033
Table 19. North America Market Volume (Units), by Country, 2018 to 2022
Table 20. North America Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 21. North America Market Value (US$ Million), By Sensor, 2018 to 2022
Table 22. North America Market Value (US$ Million) and Forecast By Sensor, 2023 to 2033
Table 23. North America Market Volume (Units), By Sensor, 2018 to 2022
Table 24. North America Market Volume (Units) and Forecast By Sensor, 2023 to 2033
Table 25. North America Market Value (US$ Million), By Application, 2018 to 2022
Table 26. North America Market Value (US$ Million) and Forecast By Application, 2023 to 2033
Table 27. North America Market Volume (Units), By Application, 2018 to 2022
Table 28. North America Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 29. North America Market Value (US$ Million), By End User, 2018 to 2022
Table 30. North America Market Value (US$ Million) and Forecast By End User, 2023 to 2033
Table 31. North America Market Volume (Units), By End User, 2018 to 2022
Table 32. North America Market Volume (Units) and Forecast By End User, 2023 to 2033
Table 33. Latin America Market Value (US$ Million), by Country, 2018 to 2022
Table 34. Latin America Market Value (US$ Million) and Forecast by Country, 2023 to 2033
Table 35. Latin America Market Volume (Units), by Country, 2018 to 2022
Table 36. Latin America Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 37. Latin America Market Value (US$ Million), By Sensor, 2018 to 2022
Table 38. Latin America Market Value (US$ Million) and Forecast By Sensor, 2023 to 2033
Table 39. Latin America Market Volume (Units), By Sensor, 2018 to 2022
Table 40. Latin America Market Volume (Units) and Forecast By Sensor, 2023 to 2033
Table 41. Latin America Market Value (US$ Million), By Application, 2018 to 2022
Table 42. Latin America Market Value (US$ Million) and Forecast By Application, 2023 to 2033
Table 43. Latin America Market Volume (Units), By Application, 2018 to 2022
Table 44. Latin America Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 45. Latin America Market Value (US$ Million), By End User, 2018 to 2022
Table 46. Latin America Market Value (US$ Million) and Forecast By End User, 2023 to 2033
Table 47. Latin America Market Volume (Units), By End User, 2018 to 2022
Table 48. Latin America Market Volume (Units) and Forecast By End User, 2023 to 2033
Table 49. Western Europe Market Value (US$ Million), by Country, 2018 to 2022
Table 50. Western Europe Market Value (US$ Million) and Forecast by Country, 2023 to 2033
Table 51. Western Europe Market Volume (Units), by Country, 2018 to 2022
Table 52. Western Europe Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 53. Western Europe Market Value (US$ Million), By Sensor, 2018 to 2022
Table 54. Western Europe Market Value (US$ Million) and Forecast By Sensor, 2023 to 2033
Table 55. Western Europe Market Volume (Units), By Sensor, 2018 to 2022
Table 56. Western Europe Market Volume (Units) and Forecast By Sensor, 2023 to 2033
Table 57. Western Europe Market Value (US$ Million), By Application, 2018 to 2022
Table 58. Western Europe Market Value (US$ Million) and Forecast By Application, 2023 to 2033
Table 59. Western Europe Market Volume (Units), By Application, 2018 to 2022
Table 60. Western Europe Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 61. Western Europe Market Value (US$ Million), By End User, 2018 to 2022
Table 62. Western Europe Market Value (US$ Million) and Forecast By End User, 2023 to 2033
Table 63. Western Europe Market Volume (Units), By End User, 2018 to 2022
Table 64. Western Europe Market Volume (Units) and Forecast By End User, 2023 to 2033
Table 65. Eastern Europe Market Value (US$ Million), by Country, 2018 to 2022
Table 66. Eastern Europe Market Value (US$ Million) and Forecast by Country, 2023 to 2033
Table 67. Eastern Europe Market Volume (Units), by Country, 2018 to 2022
Table 68. Eastern Europe Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 69. Eastern Europe Market Value (US$ Million), By Sensor, 2018 to 2022
Table 70. Eastern Europe Market Value (US$ Million) and Forecast By Sensor, 2023 to 2033
Table 71. Eastern Europe Market Volume (Units), By Sensor, 2018 to 2022
Table 72. Eastern Europe Market Volume (Units) and Forecast By Sensor, 2023 to 2033
Table 73. Eastern Europe Market Value (US$ Million), By Application, 2018 to 2022
Table 74. Eastern Europe Market Value (US$ Million) and Forecast By Application, 2023 to 2033
Table 75. Eastern Europe Market Volume (Units), By Application, 2018 to 2022
Table 76. Eastern Europe Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 77. Eastern Europe Market Value (US$ Million), By End User, 2018 to 2022
Table 78. Eastern Europe Market Value (US$ Million) and Forecast By End User, 2023 to 2033
Table 79. Eastern Europe Market Volume (Units), By End User, 2018 to 2022
Table 80. Eastern Europe Market Volume (Units) and Forecast By End User, 2023 to 2033
Table 81. East Asia Market Value (US$ Million), by Country, 2018 to 2022
Table 82. East Asia Market Value (US$ Million) and Forecast by Country, 2023 to 2033
Table 83. East Asia Market Volume (Units), by Country, 2018 to 2022
Table 84. East Asia Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 85. East Asia Market Value (US$ Million), By Sensor, 2018 to 2022
Table 86. East Asia Market Value (US$ Million) and Forecast By Sensor, 2023 to 2033
Table 87. East Asia Market Volume (Units), By Sensor, 2018 to 2022
Table 88. East Asia Market Volume (Units) and Forecast By Sensor, 2023 to 2033
Table 89. East Asia Market Value (US$ Million), By Application, 2018 to 2022
Table 90. East Asia Market Value (US$ Million) and Forecast By Application, 2023 to 2033
Table 91. East Asia Market Volume (Units), By Application, 2018 to 2022
Table 92. East Asia Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 93. East Asia Market Value (US$ Million), By End User, 2018 to 2022
Table 94. East Asia Market Value (US$ Million) and Forecast By End User, 2023 to 2033
Table 95. East Asia Market Volume (Units), By End User, 2018 to 2022
Table 96. East Asia Market Volume (Units) and Forecast By End User, 2023 to 2033
Table 97. South Asia & Pacific Market Value (US$ Million), by Country, 2018 to 2022
Table 98. South Asia & Pacific Market Value (US$ Million) and Forecast by Country, 2023 to 2033
Table 99. South Asia & Pacific Market Volume (Units), by Country, 2018 to 2022
Table 100. South Asia & Pacific Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 101. South Asia & Pacific Market Value (US$ Million), By Sensor, 2018 to 2022
Table 102. South Asia & Pacific Market Value (US$ Million) and Forecast By Sensor, 2023 to 2033
Table 103. South Asia & Pacific Market Volume (Units), By Sensor, 2018 to 2022
Table 104. South Asia & Pacific Market Volume (Units) and Forecast By Sensor, 2023 to 2033
Table 105. South Asia & Pacific Market Value (US$ Million), By Application, 2018 to 2022
Table 106. South Asia & Pacific Market Value (US$ Million) and Forecast By Application, 2023 to 2033
Table 107. South Asia & Pacific Market Volume (Units), By Application, 2018 to 2022
Table 108. South Asia & Pacific Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 109. South Asia & Pacific Market Value (US$ Million), By End User, 2018 to 2022
Table 110. South Asia & Pacific Market Value (US$ Million) and Forecast By End User, 2023 to 2033
Table 111. South Asia & Pacific Market Volume (Units), By End User, 2018 to 2022
Table 112. South Asia & Pacific Market Volume (Units) and Forecast By End User, 2023 to 2033
Table 113. MEA Market Value (US$ Million), by Country, 2018 to 2022
Table 114. MEA Market Value (US$ Million) and Forecast by Country, 2023 to 2033
Table 115. MEA Market Volume (Units), by Country, 2018 to 2022
Table 116. MEA Market Volume (Units) and Forecast by Country, 2023 to 2033
Table 117. MEA Market Value (US$ Million), By Sensor, 2018 to 2022
Table 118. MEA Market Value (US$ Million) and Forecast By Sensor, 2023 to 2033
Table 119. MEA Market Volume (Units), By Sensor, 2018 to 2022
Table 120. MEA Market Volume (Units) and Forecast By Sensor, 2023 to 2033
Table 121. MEA Market Value (US$ Million), By Application, 2018 to 2022
Table 122. MEA Market Value (US$ Million) and Forecast By Application, 2023 to 2033
Table 123. MEA Market Volume (Units), By Application, 2018 to 2022
Table 124. MEA Market Volume (Units) and Forecast By Application, 2023 to 2033
Table 125. MEA Market Value (US$ Million), By End User, 2018 to 2022
Table 126. MEA Market Value (US$ Million) and Forecast By End User, 2023 to 2033
Table 127. MEA Market Volume (Units), By End User, 2018 to 2022
Table 128. MEA Market Volume (Units) and Forecast By End User, 2023 to 2033
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List Of Figures
Figure 01. Global Market Value (US$ Million) and Volume (Units) Forecast, 2023 to 2033
Figure 02. Global Market Absolute $ Opportunity (US$ Million), 2023 to 2033
Figure 03. Global Market Value (US$ Million) and Volume (Units) by Region, 2023 & 2033
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2023 to 2033
Figure 05. Global Market Value (US$ Million) and Volume (Units) By Sensor, 2023 & 2033
Figure 06. Global Market Y-o-Y Growth Rate By Sensor, 2023 to 2033
Figure 07. Global Market Value (US$ Million) and Volume (Units) By Application, 2023 & 2033
Figure 08. Global Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 09. Global Market Value (US$ Million) and Volume (Units) By End User, 2023 & 2033
Figure 10. Global Market Y-o-Y Growth Rate By End User, 2023 to 2033
Figure 11. North America Market Value (US$ Million) and Volume (Units) Forecast, 2023 to 2033
Figure 12. North America Market Absolute $ Opportunity (US$ Million), 2023 to 2033
Figure 13. North America Market Value (US$ Million) and Volume (Units) by Country, 2023 & 2033
Figure 14. North America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 15. North America Market Value (US$ Million) and Volume (Units) By Sensor, 2023 & 2033
Figure 16. North America Market Y-o-Y Growth Rate By Sensor, 2023 to 2033
Figure 17. North America Market Value (US$ Million) and Volume (Units) By Application, 2023 & 2033
Figure 18. North America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 19. North America Market Value (US$ Million) and Volume (Units) By End User, 2023 & 2033
Figure 20. North America Market Y-o-Y Growth Rate By End User, 2023 to 2033
Figure 21. North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 22. North America Market Attractiveness Analysis By Sensor, 2023 to 2033
Figure 23. North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 24. North America Market Attractiveness Analysis By End User, 2023 to 2033
Figure 25. Latin America Market Value (US$ Million) and Volume (Units) Forecast, 2023 to 2033
Figure 26. Latin America Market Absolute $ Opportunity (US$ Million), 2023 to 2033
Figure 27. Latin America Market Value (US$ Million) and Volume (Units) by Country, 2023 & 2033
Figure 28. Latin America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 29. Latin America Market Value (US$ Million) and Volume (Units) By Sensor, 2023 & 2033
Figure 30. Latin America Market Y-o-Y Growth Rate By Sensor, 2023 to 2033
Figure 31. Latin America Market Value (US$ Million) and Volume (Units) By Application, 2023 & 2033
Figure 32. Latin America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 33. Latin America Market Value (US$ Million) and Volume (Units) By End User, 2023 & 2033
Figure 34. Latin America Market Y-o-Y Growth Rate By End User, 2023 to 2033
Figure 35. Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 36. Latin America Market Attractiveness Analysis By Sensor, 2023 to 2033
Figure 37. Latin America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 38. Latin America Market Attractiveness Analysis By End User, 2023 to 2033
Figure 39. Western Europe Market Value (US$ Million) and Volume (Units) Forecast, 2023 to 2033
Figure 40. Western Europe Market Absolute $ Opportunity (US$ Million), 2023 to 2033
Figure 41. Western Europe Market Value (US$ Million) and Volume (Units) by Country, 2023 & 2033
Figure 42. Western Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 43. Western Europe Market Value (US$ Million) and Volume (Units) By Sensor, 2023 & 2033
Figure 44. Western Europe Market Y-o-Y Growth Rate By Sensor, 2023 to 2033
Figure 45. Western Europe Market Value (US$ Million) and Volume (Units) By Application, 2023 & 2033
Figure 46. Western Europe Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 47. Western Europe Market Value (US$ Million) and Volume (Units) By End User, 2023 & 2033
Figure 48. Western Europe Market Y-o-Y Growth Rate By End User, 2023 to 2033
Figure 49. Western Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 50. Western Europe Market Attractiveness Analysis By Sensor, 2023 to 2033
Figure 51. Western Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 52. Western Europe Market Attractiveness Analysis By End User, 2023 to 2033
Figure 53. Eastern Europe Market Value (US$ Million) and Volume (Units) Forecast, 2023 to 2033
Figure 54. Eastern Europe Market Absolute $ Opportunity (US$ Million), 2023 to 2033
Figure 55. Eastern Europe Market Value (US$ Million) and Volume (Units) by Country, 2023 & 2033
Figure 56. Eastern Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 57. Eastern Europe Market Value (US$ Million) and Volume (Units) By Sensor, 2023 & 2033
Figure 58. Eastern Europe Market Y-o-Y Growth Rate By Sensor, 2023 to 2033
Figure 59. Eastern Europe Market Value (US$ Million) and Volume (Units) By Application, 2023 & 2033
Figure 60. Eastern Europe Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 61. Eastern Europe Market Value (US$ Million) and Volume (Units) By End User, 2023 & 2033
Figure 62. Eastern Europe Market Y-o-Y Growth Rate By End User, 2023 to 2033
Figure 63. Eastern Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 64. Eastern Europe Market Attractiveness Analysis By Sensor, 2023 to 2033
Figure 65. Eastern Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 66. Eastern Europe Market Attractiveness Analysis By End User, 2023 to 2033
Figure 67. East Asia Market Value (US$ Million) and Volume (Units) Forecast, 2023 to 2033
Figure 68. East Asia Market Absolute $ Opportunity (US$ Million), 2023 to 2033
Figure 69. East Asia Market Value (US$ Million) and Volume (Units) by Country, 2023 & 2033
Figure 70. East Asia Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 71. East Asia Market Value (US$ Million) and Volume (Units) By Sensor, 2023 & 2033
Figure 72. East Asia Market Y-o-Y Growth Rate By Sensor, 2023 to 2033
Figure 73. East Asia Market Value (US$ Million) and Volume (Units) By Application, 2023 & 2033
Figure 74. East Asia Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 75. East Asia Market Value (US$ Million) and Volume (Units) By End User, 2023 & 2033
Figure 76. East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 77. East Asia Market Attractiveness Analysis By Sensor, 2023 to 2033
Figure 78. East Asia Market Attractiveness Analysis By Application, 2023 to 2033
Figure 79. East Asia Market Attractiveness Analysis By End User, 2023 to 2033
Figure 80. South Asia & Pacific Market Value (US$ Million) and Volume (Units) Forecast, 2023 to 2033
Figure 81. South Asia & Pacific Market Absolute $ Opportunity (US$ Million), 2023 to 2033
Figure 82. South Asia & Pacific Market Value (US$ Million) and Volume (Units) by Country, 2023 & 2033
Figure 83. South Asia & Pacific Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 84. South Asia & Pacific Market Value (US$ Million) and Volume (Units) By Sensor, 2023 & 2033
Figure 85. South Asia & Pacific Market Y-o-Y Growth Rate By Sensor, 2023 to 2033
Figure 86. South Asia & Pacific Market Value (US$ Million) and Volume (Units) By Application, 2023 & 2033
Figure 87. South Asia & Pacific Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 88. South Asia & Pacific Market Value (US$ Million) and Volume (Units) By End User, 2023 & 2033
Figure 89. South Asia & Pacific Market Y-o-Y Growth Rate By End User, 2023 to 2033
Figure 90. South Asia & Pacific Market Attractiveness Analysis by Country, 2023 to 2033
Figure 91. South Asia & Pacific Market Attractiveness Analysis By Sensor, 2023 to 2033
Figure 92. South Asia & Pacific Market Attractiveness Analysis By Application, 2023 to 2033
Figure 93. South Asia & Pacific Market Attractiveness Analysis By End User, 2023 to 2033
Figure 94. MEA Market Value (US$ Million) and Volume (Units) Forecast, 2023 to 2033
Figure 95. MEA Market Absolute $ Opportunity (US$ Million), 2023 to 2033
Figure 96. MEA Market Value (US$ Million) and Volume (Units) by Country, 2023 & 2033
Figure 97. MEA Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 98. MEA Market Value (US$ Million) and Volume (Units) By Sensor, 2023 & 2033
Figure 99. MEA Market Y-o-Y Growth Rate By Sensor, 2023 to 2033
Figure 100. MEA Market Value (US$ Million) and Volume (Units) By Application, 2023 & 2033
Figure 101. MEA Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 102. MEA Market Value (US$ Million) and Volume (Units) By End User, 2023 & 2033
Figure 103. MEA Market Y-o-Y Growth Rate By End User, 2023 to 2033
Figure 104. MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 105. MEA Market Attractiveness Analysis By Sensor, 2023 to 2033
Figure 106. MEA Market Attractiveness Analysis By Application, 2023 to 2033
Figure 107. MEA Market Attractiveness Analysis By End User, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
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- FAQs -
What was the value of the smart grid sensor market for 2022?
The global smart grid sensor market was valued at US$ 520.4 million in 2022.
At what rate did the demand for smart grid sensors rise historically?
Demand for smart grid sensors increased at 11.3% CAGR from 2018 to 2022.
Who are the leading manufacturers of smart grid sensors?
Key manufacturers of smart grid sensors are ABB, Aclara Technologies LLC, General Electric Company, Honeywell International, Eaton, and Toshiba Corporation.
What is the market size of smart grid sensors in 2023?
The market for smart grid sensors is valued at US$ 587.3 million in 2023.
At what rate is the market projected to grow through 2023?
Sales of smart grid sensors are forecasted to increase at 15.1% CAGR through 2033.
What is the estimated valuation of the global market for 2033?
The global market is projected to reach a valuation of US$ 2.39 billion by 2033.
How much is the market for smart grid sensors valued in the United States?
The market in the U.S. has reached a size of US$ 128.5 million in 2023.
Smart Grid Sensor Market