The smart meter market witnessed a shipment of approximately 131.23 million units of smart meters globally in 2019 and is estimated to reach to 188.12 million units by 2025, registering a CAGR of 6.6% for the forecast period. Smart grids are being implemented around the world, with the aim of improving the efficiency of power networks. Smart...
Smart Grid Sensor Market Research Report by Type (Distributed Generation Sensors, High Voltage Line Temperature & Weather Condition Sensors, Smart Capacitor Control, Smart Sensors for Outage Detection, and Smart Sensors for Transformer Monitoring), by Component (Microcomputer, Power Source, Transceiver, and Transducer), by Solution,...
The global circuit breaker market size is projected to grow from an estimated USD 5.7 billion in 2020 to USD 7.7 billion by 2025, at a CAGR of 5.9% from 2020 to 2025. The key drivers for the circuit breaker market include growing investments in power generation, specifically from renewable energy sources; rising demand for reliable and secure...
The global vacuum interrupter market is projected to reach USD 3.1 billion by 2025 from an estimated USD 2.4 billion in 2020, at a CAGR of 5.1% during the forecast period. This growth can be attributed to factors such as expansion in transmission & distribution networks, upgradation & modernization of aging infrastructure for safe & secure...
The advanced distribution management system market is expected to grow at a CAGR of 16.43% during the forecast period. Increasing renewable energy demand across the world, the surging requirements for better customer service and utility efficiency, and rapid development of the smart grid are some of the major factors driving the growth of...
The smart grid sensors market was valued US$ 325.00 million in 2019 and is expected to reach US$ 1,221.61 million by 2027; it is estimated to grow at a CAGR of 18.3% during 2020–2027.Demand for energy is less among most residences, and the grid was developed to provide electricity to residences with monthly bills. The practice causes one-way...
The global synchronous condenser market is projected to reach USD 574.0 million by 2025 from an estimated USD 508.4 million in 2020, at a CAGR of 2.5% during the forecast period. The increasing electrical power consumption and rising need to maximize transmission capacity are becoming increasingly important. Along with this, growing renewable-based...
The global surge arrester market is projected to reach USD 1.9 billion by 2025 from an estimated USD 1.5 billion in 2020, at a CAGR of 4.9% during the forecast period. The rising demand for electricity in APAC and the growing focus on increasing renewable energy installed capacity are encouraging utilities to invest in the electricity transmission...
Executive Summary The Global HVDC Transmission Market was valued at USD 7831.55 Million in the year 2019. Rapid urbanization along with favorable government reforms across residential & commercial establishments will drive the HVDC Transmission market. With the rising demand for electricity in Asia-Pacific countries and...
Global Smart Grid Sensors Market 2020-2024 The analyst has been monitoring the smart grid sensors market and it is poised to grow by $ 122.47 mn during 2020-2024 progressing at a CAGR of 10% during the forecast period. Our report on smart grid sensors market provides a holistic analysis, market size and forecast, trends,...