The Latin America, Middle East and Africa Smart Grid Sensors Market should witness market growth of 18.0% CAGR during the forecast period (2022-2028).
A smart grid might reduce issue calls by up to 50%. The frequency and length of power outages may be decreased by proactive grid management and automated response, leading to a decrease in concerned calls to utility contact centers and increased customer satisfaction. A self-healing grid, which can recover and avoid outages and increase the lifespan of substation machinery and distribution assets, may be built using remote monitoring and control devices spread throughout the system.
Due to the growing demand for energy, an aging workforce and infrastructure, and increased customer expectations for power quality and dependability, automation may overcome these challenges. The key factors driving the development smart grid sensors market are the increasing integration of cutting-edge technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and the expanding acceptance of sensors in various industrial applications. The energy and power-generating industries are expanding rapidly. In addition, several electrical projects, particularly in Southeast Asian nations, are in the works and will need smart grid sensors.
The initiative is crucial to DEWA's plan to create a cutting-edge infrastructure. In addition, to provide all of the energy needed by 2050 from clean energy sources, it supports the Dubai Clean Energy Plan 2050 and the Dubai Net Zero Emissions Strategy 2050. A major element of a smart city, the DEWA created its first Smart Grid plan up to 2035 in 2014. As a result, DEWA effectively accomplished the short-term objectives of the Smart Grid Strategy 2014-2035. By shifting from a technology-led to a value-driven strategy and consolidating DEWA's 10 smart grid programs into 6 themes, each including 19 industry-leading smart grid capabilities, DEWA unveiled its revised Smart Grid Strategy up to 2035 in 2021. Consequently, over the forecast period, the expansion of the Smart Grid Sensors Market in LAMEA will be supported by the government's ambitions for raising smart cities and its vision.
The Brazil market dominated the LAMEA Smart Grid Sensors Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $14.4 Million by 2028. The Argentina market is experiencing a CAGR of 18.6% during (2022-2028). Additionally, The UAE market would showcase a CAGR of 17.7% during (2022-2028).
Based on Application, the market is segmented into Smart Energy Meter, Advanced Metering Infrastructure, Smart Grid Distribution Management, Supervisory Control & Data Acquisition and Others. Based on Type, the market is segmented into Voltage & Temperature Sensors, Outage Detection and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric Company (GE Grid Solutions), Siemens Energy AG, ABB Group, Renesas Electronics Corporation (Echelon Industries Corporation), Aclara Technologies LLC. (Hubbell Incorporated), Landis+Gyr Group AG, Itron, Inc., S&C Electric Company, Trilliant Holdings, Inc., and Sentient Energy, Inc. (Koch Engineered Solutions) (Koch Industries, Inc.)
A smart grid might reduce issue calls by up to 50%. The frequency and length of power outages may be decreased by proactive grid management and automated response, leading to a decrease in concerned calls to utility contact centers and increased customer satisfaction. A self-healing grid, which can recover and avoid outages and increase the lifespan of substation machinery and distribution assets, may be built using remote monitoring and control devices spread throughout the system.
Due to the growing demand for energy, an aging workforce and infrastructure, and increased customer expectations for power quality and dependability, automation may overcome these challenges. The key factors driving the development smart grid sensors market are the increasing integration of cutting-edge technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and the expanding acceptance of sensors in various industrial applications. The energy and power-generating industries are expanding rapidly. In addition, several electrical projects, particularly in Southeast Asian nations, are in the works and will need smart grid sensors.
The initiative is crucial to DEWA's plan to create a cutting-edge infrastructure. In addition, to provide all of the energy needed by 2050 from clean energy sources, it supports the Dubai Clean Energy Plan 2050 and the Dubai Net Zero Emissions Strategy 2050. A major element of a smart city, the DEWA created its first Smart Grid plan up to 2035 in 2014. As a result, DEWA effectively accomplished the short-term objectives of the Smart Grid Strategy 2014-2035. By shifting from a technology-led to a value-driven strategy and consolidating DEWA's 10 smart grid programs into 6 themes, each including 19 industry-leading smart grid capabilities, DEWA unveiled its revised Smart Grid Strategy up to 2035 in 2021. Consequently, over the forecast period, the expansion of the Smart Grid Sensors Market in LAMEA will be supported by the government's ambitions for raising smart cities and its vision.
The Brazil market dominated the LAMEA Smart Grid Sensors Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $14.4 Million by 2028. The Argentina market is experiencing a CAGR of 18.6% during (2022-2028). Additionally, The UAE market would showcase a CAGR of 17.7% during (2022-2028).
Based on Application, the market is segmented into Smart Energy Meter, Advanced Metering Infrastructure, Smart Grid Distribution Management, Supervisory Control & Data Acquisition and Others. Based on Type, the market is segmented into Voltage & Temperature Sensors, Outage Detection and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric Company (GE Grid Solutions), Siemens Energy AG, ABB Group, Renesas Electronics Corporation (Echelon Industries Corporation), Aclara Technologies LLC. (Hubbell Incorporated), Landis+Gyr Group AG, Itron, Inc., S&C Electric Company, Trilliant Holdings, Inc., and Sentient Energy, Inc. (Koch Engineered Solutions) (Koch Industries, Inc.)
Scope of the Study
By Application
- Smart Energy Meter
- Advanced Metering Infrastructure
- Smart Grid Distribution Management
- Supervisory Control & Data Acquisition
- Others
By Type
- Voltage & Temperature Sensors
- Outage Detection
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- General Electric Company (GE Grid Solutions)
- Siemens Energy AG
- ABB Group
- Renesas Electronics Corporation (Echelon Industries Corporation)
- Aclara Technologies LLC. (Hubbell Incorporated)
- Landis+Gyr Group AG
- Itron, Inc.
- S&C Electric Company
- Trilliant Holdings, Inc.
- Sentient Energy, Inc. (Koch Engineered Solutions) (Koch Industries, Inc.)
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Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Smart Grid Sensors Market, by Application
1.4.2 LAMEA Smart Grid Sensors Market, by Type
1.4.3 LAMEA Smart Grid Sensors Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Market Share Analysis, 2021
3.2 Strategies deployed in Smart Grid Sensors Market
Chapter 4. LAMEA Smart Grid Sensors Market by Application
4.1 LAMEA Smart Energy Meter Market by Country
4.2 LAMEA Advanced Metering Infrastructure Market by Country
4.3 LAMEA Smart Grid Distribution Management Market by Country
4.4 LAMEA Supervisory Control & Data Acquisition Market by Country
4.5 LAMEA Others Market by Country
Chapter 5. LAMEA Smart Grid Sensors Market by Type
5.1 LAMEA Voltage & Temperature Sensors Market by Country
5.2 LAMEA Outage Detection Market by Country
5.3 LAMEA Others Market by Country
Chapter 6. LAMEA Smart Grid Sensors Market by Country
6.1 Brazil Smart Grid Sensors Market
6.1.1 Brazil Smart Grid Sensors Market by Application
6.1.2 Brazil Smart Grid Sensors Market by Type
6.2 Argentina Smart Grid Sensors Market
6.2.1 Argentina Smart Grid Sensors Market by Application
6.2.2 Argentina Smart Grid Sensors Market by Type
6.3 UAE Smart Grid Sensors Market
6.3.1 UAE Smart Grid Sensors Market by Application
6.3.2 UAE Smart Grid Sensors Market by Type
6.4 Saudi Arabia Smart Grid Sensors Market
6.4.1 Saudi Arabia Smart Grid Sensors Market by Application
6.4.2 Saudi Arabia Smart Grid Sensors Market by Type
6.5 South Africa Smart Grid Sensors Market
6.5.1 South Africa Smart Grid Sensors Market by Application
6.5.2 South Africa Smart Grid Sensors Market by Type
6.6 Nigeria Smart Grid Sensors Market
6.6.1 Nigeria Smart Grid Sensors Market by Application
6.6.2 Nigeria Smart Grid Sensors Market by Type
6.7 Rest of LAMEA Smart Grid Sensors Market
6.7.1 Rest of LAMEA Smart Grid Sensors Market by Application
6.7.2 Rest of LAMEA Smart Grid Sensors Market by Type
Chapter 7. Company Profiles
7.1 General Electric Company (GE Grid Solutions)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 Siemens Energy AG
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.5.3 Acquisition and Mergers:
7.3 ABB Group
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 Renesas Electronics Corporation (Echelon Industries Corporation)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.5 Aclara Technologies LLC. (Hubbell Incorporated)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.6 Landis+Gyr Group AG
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research and Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.7 Itron, Inc.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.8 S&C Electric Company
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Product Launches and Product Expansions:
7.9 Trilliant Holdings, Inc.
7.9.1 Company Overview
7.10. Sentient Energy, Inc. (Koch Engineered Solutions) (Koch Industries, Inc.)
7.10.1 Company Overview
Companies Mentioned
- General Electric Company (GE Grid Solutions)
- Siemens Energy AG
- ABB Group
- Renesas Electronics Corporation (Echelon Industries Corporation)
- Aclara Technologies LLC. (Hubbell Incorporated)
- Landis+Gyr Group AG
- Itron, Inc.
- S&C Electric Company
- Trilliant Holdings, Inc.
- Sentient Energy, Inc. (Koch Engineered Solutions) (Koch Industries, Inc.)
Methodology
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