LONDON, May 27, 2015 /PRNewswire/ --
OBJECTIVES AND SCOPE OF THIS REPORT
• 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.
• 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.
• The scope of this report does not conform to any particular geographical confines; however, discussions are largely focused on countries where smart grids are currently installed or where there are major plans and funding for their installation.
METHODOLOGY OF THIS REPORT
• The research is based on both primary and secondary data sources. The primary research data sources included interviews with industry sources. Secondary data is culled from the Web, commercial and government databases, trade press articles, technical literature, information learned at technical conferences and trade shows, SEC filings,
and other corporate literature.
• The forecasting approach followed is explained in detail in Chapter 4. The basic approach is to identify and quantify the requirements and markets that are served by sensors in smart grid applications. The competitive landscape is assessed to arrive at the suitability and likely volume of each of the sensor types over the next eight years. The projected plans of the key firms are also considered while estimating the market size and growth.
• The market is estimated for segments such as SCADA networks, advanced metering infrastructure, grid management, energy storage, renewable energy generation and microgrids. The market is also segmented broadly based on sensor application, sensor types and geographic locations.
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