DALLAS, TX -- The report "Markets for Sensors for the Smart Grid: 2014-2021" includes an analysis of how various players up and down the smart grid supply chain -- firms such as electrical equipment manufacturers, electrical companies and the sensor makers themselves -- will be able to make money out of smart grid sensor business. In addition, as with previous studies we have included a forecast of the grid sensor market with breakouts by applications, types of sensor, etc. We also identify the key firms in this market and analyze their strategies.
The "smart grid" is still in an early stage of deployment, but is evolving to suit advanced sensor technologies. Smart grids require multiple sensing, monitoring, and control functions at various levels—thus presenting several opportunities for smart grid sensors going forward. Not all these opportunities are available immediately. Also, once developed, these sensing devices will do not only smart grid functions but also other industry functions.
Smart grids will become more interdependent on increasingly complex systems including renewable energy integration, energy storage, and electric vehicles. In this report, these interdependencies and their implication for sensor opportunities are brought out clearly and objectively. Multiple technologies are being developed by different vendors for solving a common problem. This report attempts to disseminate some of those technologies and their solutions, and how they are aiding to build a smarter grid.
EXCITING DEVELOPMENTS, PRODUCTS & PLAYERS
•Landis+Gyr (part of Toshiba)
•GE's Digital Energy
•Silver Spring Networks
The main objective of this report is to thoroughly study and identify sensor opportunities in each domain of smart grid functionality. The requirements of sensing technologies are analyzed and quantified for business opportunities in detail. This report also discusses the product and technology opportunities for sensors, categorized by the function they serve. The report also extensively covers the activities and strategies of major players, including those playing a disruptive role in shaping the sensors and smart grid industries.
•Smart metering will be a requisite for capturing consumer data
•On-grid distributed generation will gain pace
•Increase demand for grid safety and security
Opportunities in this Industry:
•Smart metering & meter data analytics
•Outage management system, feeder & substation automation, load balancing and advanced SCADA will gain momentum
•Renewable energy integration at distribution and sub-transmission voltage levels
•Wide area management system with synchrophasors
•Demand response, renewable energy grid integration, home area network, energy management systems—the best days for these applications are yet to come
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