NanoMarkets Issues Paper Addressing The Landscape of Smart Grid Sensor Companies
Industry: Market Research
According to NanoMarkets, the market for smart grid sensor applications will grow from $26.4 billion this year to $36.5 billion in 2019 and nearly $46.8 billion by 2021.
Glen Allen, VA (PRUnderground) September 22nd, 2014
Industry analyst firm NanoMarkets today announced the release of an article drawn from the firm’s recent report, “Markets for Sensors for the Smart Grid 2014-2021″ that examines ten firms to watch in the smart grid sensor space.
The market for smart grid sensor applications will grow from $26.4 billion this year to $36.5 billion in 2019 and nearly $46.8 billion by 2021 according to NanoMarkets. See additional details at http://nanomarkets.net/market_reports/report/markets-for-sensors-for-the-smart-grid-2014-2021
“Smart grids” promise to solve many challenges facing today’s electric grid infrastructures by providing better insights to, and enabling actions to address, areas that are key to maintaining grid health and stability at all levels, from generation to transmission & distribution to end-use. These will depend upon real-time collection and communication of a wide range of data throughout the grid, from measuring voltage and inductance levels in the T&D network, to time synchronization and equipment temperatures at substations, to smart meters and energy conservation in homes and businesses. Our recent report on this subject identified specific markets and opportunities for all these multiple sensing, monitoring, and control functions.
As in any evolving market, NanoMarkets expect to see increased consolidation and M&A activity at the intersections of smart grid & sensor functionalities — smart metering, outage management systems, SCADA, data computing & analytics, and feeder automation — as these proliferate within the broader evolution of the Internet-of-Things (IoT). This is especially likely as broad sensor manufacturers show keen interest in developing sensing solutions for smart grid applications, and as established companies from tangential industries (AT&T and Google, for example) seek to extend their reach into smart grids. At the same time, we also expect these advanced sensor technologies will expand the addressable market base, as suppliers seek avenues to cross-sell their products into other industries such as water, gas, transportation, and telecom.
The paper may be accessed at: http://nanomarkets.net/articles/article/evolving-strategies-surveying-the-landscape-of-smart-grid-sensor-companies
About the Report:
Smart grids” promise to solve many problems in managing today’s electric grid infrastructure, by enabling broad knowledge and control of operations at all levels, from generation to transmission & distribution to end-use: asset monitoring, outage management, demand response, and building energy management to name a few. All these multiple sensing, monitoring, and control functions depend upon real-time collection and communication of a wide range of data throughout the grid — which translates into enormous opportunities for various types of sensors.
This report examines each domain of smart grid functionality and identifies the product and technology opportunities for various sensors and vendors, with granular eight-year forecasts in terms of dollars/revenue, units deployed, and penetration rate.
The report also provides in-depth analysis of the all the leading firms involved in supplying sensors for smart grid applications. Companies discussed in this report include: ABB, Alstom, Art Sodar, Atmospheric Systems Corp. (ASC), AT&T, Avent, Axiom Power, Cyan, Eaton (Cooper Industries), Eko Instruments, Ford, GE, General Motors, Google, Grid20/20, Haier, Honda, Honeywell, Itron, IUS Technologies, Landys+Gyr, Leviton, Lockheed Martin, Lutron, Metrycom, Metek, Mitsubishi, Nest Labs, Remtech, Schneider Electric, Scintec, Sensus, Siemens, Silver Spring Networks, Skyworks, Televent, Toshiba, Vaisala, Verizon, and ZephIR.
NanoMarkets tracks and analyzes emerging markets in energy, electronics and other area created by developments in advanced materials. Visit www.nanomarkets.net for a full listing of NanoMarkets’ reports and other services.