Smart Grid Market 2017: Technology Innovation and Shifting Customer Requirements Drive New Wave of Growth
Sensors for Smart Grid are anticipated to gain the maximum traction in the smart grid market during the forecast period. Sensor is the essential hardware component that delivers real-time data of the electric grid installed in electric grids. Sensors progress utility performance and operation. They help in effective power management at the transmission, and consumption levels and play a vital role in the integration of power from various resources. A rise in number of smart grid projects in North America, Europe, and Asia would extremely increase the demand of the sensors.
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