Smart Grid Sensors and Technologies – The Next Generation Energy management
A smart grid is an electric power system that consists of automated control technology, software solutions, and sensors for data collection and data retention. Smart grids have significantly attracted the attention of all industries and governments. Smart grid sensors is a highly progressive technology in the field of power generation, transmission and distribution. Smart grid sensors are highly effective in sensing real-time data of climatic conditions and temperature of power lines while transmitting the energy.
The data sensed is then used to enhance the reliability of power transmission and lower the power dissipation, which eventually minimizes the cost. Thus, smart grid sensors are highly efficient for use in commercial and residential buildings to increase the energy efficiency.
A smart grid sensor has become an innovative technology that uses the
1. Information & Communication Technology
2. Electricity Generation, Transmission and Distribution
The smart grid distribution management is managed through software like SCADA (Supervisory Control and Data Acquisition) has jointly improved the existing power grid system in terms of adaptability, reliability, and efficiency. These factors are expected to promote growth of the smart grid sensors market during the forecast period. Moreover, the latest smart grid sensors do not need batteries to function.
Furthermore, advancements in the measurement science and standards for smart grid technologies have resulted in increased spending on research and development. This is anticipated to drive the smart grid sensors market in the near future. However, factors such as large data acquisition, energy counterfeit, and data security as well as accurate data sensing in harsh environments are expected to restrict the smart grid sensors market.
The smart grid sensors market can be segmented based on functionality domain, sensing parameter, application, and region. Based on functionality domain, the smart grid sensors market can be divided into generation, transmission, and distribution. Based on sensing parameter, the smart grid sensors market can be classified into voltage, current, temperature, continuity, phase measurement, and others. In terms of application, the smart grid sensors market can be segregated into SCADA, smart energy meter, AMI (Advanced Metering Infrastructure), and others.
The market of smart grid sensors is highly fragmented with various start-ups proliferating in the market, especially in developing economies. Manufacturers are investing in research and development to offer innovative techniques for dissipation loss optimization while transmitting power to the general public.
Smart Grid Sensors and Technologies