Lewes, DE -- (SBWIRE) -- 06/10/2015 -- Report forecast the global smart grid sensors market to grow at a CAGR of 16% over the period 2014-2019.

Smart grid sensors are compact electrical devices used to detect and monitor power system equipment. They help in solving various issues related to interoperability and inaccurate management system. Smart grid sensors function by enabling the monitoring of electrical equipment such as transformers, arrestors, power cables, and other equipment installed in the power plant or substation along with the demand side management in the smart grid. These devices monitor the power line temperature and weather conditions in power cables used to calculate the line's carrying capacity. They are also used in the residential areas and offices for enhancing the energy efficiency. A typical smart grid sensor consists of four parts: transducer, which generates electrical signals; microcomputer, which stores the output; transceiver for receiving and transmitting signals; and power source depending on its application.

The report covers the present scenario and the growth prospects of the global smart grid sensors market for the period 2015-2019. The report includes the segmentation of the market based on application.

According to the report, the increased implementation of smart grids is expected to propel the growth of the market. Investments in this technology worldwide may exceed $100 billion by 2015, as several large-scale projects related to the implementation of smart grid applications and smart grid networking have been undertaken by global companies. Smart grids are expected to facilitate the growth of several technologies such as meter data management, AMI, sensing applications, and others. The smart grid sector includes smart grid applications and equipment such as smart energy meters, smart sensors, SCADA systems, substation automation, IT, and other communication networks. These applications hold a considerable market share in the smart grid sector.

Further, the report states that the market is highly fragmented with several small and medium-sized vendors offering smart grids and efficient sensors along with data analytics and networking solutions.

The Global Smart Grid Sensors Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes the geographical segmentation of the market. It also covers a discussion of the key vendors operating in the market.

Key players in the global smart grid sensors market: ABB, Alstom, GE, Landis & Gyr and Siemens

Other Prominent Vendors in the market are: Itron, Mitsubishi Electric and Schneider Electric

Market Driver
- Increase in Smart Grid Deployment
- For a full, detailed list, view our report

Market Challenge
- Fragmentation of Market
- For a full, detailed list, view our report

Market Trend
- Need for Better Energy Management
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 76 pages, "Global Smart Grid Sensors Market 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Application, Geographical Segmentation, Key Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-smart-grid-sensors-market-2015-2019

Find all Electricity Transmission and Smart Grids Reports at: http://www.marketresearchreports.com/electricity-transmission-smart-grids

About Market Research Reports, Inc.
Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

For regular industry updates subscribe to our newsletter at: http://www.marketresearchreports.com/subscribe-to-newsletter