Global Smart Water Grid Market was valued at US $ 23.86 Billion in 2023 and is expected to reach US $ 93.24 Billion by 2032 growing at a CAGR of 18.57% during the forecast period 2024 – 2032.

Smart grid sensors are used for obtaining data concerning an electric power system. These sensors are used for measuring different parameters like voltage, current, temperature and power consumptions. These devices can collect information that would help make the electric power grid effective, reliable, and secure. This is because by tethering smart grid sensors to the internet; one can send their obtained information to a distant center where it is monitored and analysed. Some intelligent grid sensor systems adopt advanced analytics and machine learning techniques for revealing pattern’s and defects in the data. It also helps in anticipating and preventing vital events such as blackouts, explosion, and breakdowns by utility companies. ederbörd: Noun: Sentence: In general, women in contemporary society have a strong desire for physical beauty.

Energy market of the future is a concept which implies a smart grid, which automatically controls energy flow and reacts to disturbances in fuel flow and demand. Such smart grids are complex electric-power schemes incorporating important equipment, such as electronic power conditioning, distribution and production control among others. Smart infrastructure incorporates sensors as a crucial element. Smart grids have small and lightweight detectors called nodes which act as its detection terminals.

However, through utilization of real time data and minimization of power consumption, these sensors make them less expensive. By this, there are fewer service and power outages. It also uses as one of the highly resistant method saves money and time while working under high intensity conditions. It is also used in meteorology as a means of forecasting the weather.

Some of these key drivers impacting market growth include consumer acceptance, new product offerings, changing lifestyle trends, as well as market challenges and restraints. The technologically advanced grids feature enhanced capability toward fault detection and self restoring functionality of the network. The government is expected to encourage public awareness on energy conservation by enacting diverse policies and regulations hence spurring market growth. These regulations have created demand for smart grid technology for industrial, commercial, and residential applications. The market is expected to grow with help of smart grid in the domains of intelligent grid and supply. The growing transmission capacity for power lines temperature monitoring fuels market growth.

However, the growth of this market has been driven by the increased consumption of electricity and efficient power grids that were required during electrification campaigns and the development of deep infrastructures. Intelligent sensor technologies are common in many countries such as India or China. Furthermore, governments are fostering development of modern smart grids as an alternative way to diminish wastages in transmission and distribution lines through the replacement of aged power systems. The use of IoT devices for smart grid operation is very productive and effective. Utilization of green energy through incorporation of IoT, environmental data into renewable energy optimize power-generation processes.

Although the global smart grid sensor market is expanding, it is facing bottlenecks due to security concerns and low awareness on availability of smart grid solutions. Apart from that, these technologies have very high initial investments, thereby hindering the market for smart grids because they are capital intensive. Furthermore, high-cost maintenance and operation fees can constitute a market barrier even after disposal. The growth of the market, however, is hindered by a lack of regulations from the government to enhance and extend the grid infrastructure, coupled with insufficient amounts of electricity, especially in underdeveloped countries.

Modern solutions in software implementation involving SCADA and smart grid distribution management aim at reliability, adaptability and efficiency. Consequently, many opportunities arise for its development. Many smart city projects in developing countries use transport, environmental, sustainability lifestyle and technological policies for supporting green economy growth in order to improve lives. In fact, intense research on smart solution development can also yield more opportunities for the Smart Water Grid Market during the forecast period.

The Smart Water Grid Market Trend Analysis

Expanding Adoption of Smart Grids: Smart grids have been able to enhance the effectiveness, reliability, and environment-friendly nature of electricity distribution on a worldwide scale.3

• Demand for energy efficiency is on the rise:

In general, governments and utilities emphasize on improving efficiency in energy generation and reducing power distribution losses . Smart grid sensors supply critical real time information and data for the attainment of these targets.

• Implementation of Sophisticated Technologies:

The use of modern technologies in smart grid sensor systems is a reality that is currently being practiced across the world and includes various approaches such as ML, IoT, AI, etc. These are supporting tools for sensor functions in terms of optimization, preventive maintenance, and analysis.

• Growing Significance of Integrating Renewable Energy Sources:

Increasingly, renewable energy like wind and solar are being interwoven with the grid. Smart grid sensors help in managing intermittence and variability in renewables as part of ensuring continuous and reliable supply of energy.

• Concentrate on Cybersecurity:

Smart grids are increasingly interconnected and communication-dependent; hence, it calls for increased attention towards cyber security to deter cyber threats and ensure integrity of data from smart grid sensors.

Segmentation Analysis of the Smart Water Grid Market

By Components

These parts include software, hardware, and services that segment the market. However, the software segment is projected to enjoy the largest market share during this period. The seven sub-segments of the software include measuring infrastructure, smart grid distribution management, smart grid network management, smart grid asset management substation automation, smart grid security, invoicing, and customer information systems.

By End-User

According to End-User, the market comprises of Utility, Industrial, Residential, and Commercial.It is predicted that the Utility segment will register an impressive increase in the market over the next few years. The growing population, industrialization, and the environmental concerns brought about by the fossil fuel-based power stations prompts the governments to set out the regulatory standards regarding carbon emissions that are likely to inspire the market growth.

By Application

The market is segmented according to application into the following stages: generation, transmission, distribution, and consumption. As such Distribution segment is projected to have the biggest share in the market throughout forecasted period. It ensures that power outages are promptly rectified; utility operations and administration costs are reduced enabling consumers to afford lower electricity bills by virtue of the Distribution segment.

Regional Analysis of the Smart Water Grid Market

The analysis focuses on the market trends for smart grid sensors in the following regions: Such countries include China, Japan, India, South Korea, Australia, and the entire Asia-Pacific region; Europe (the United States and Canada); and LAMEA (comprising Latin America, the Middle East, and Africa); Asia Pacific (the United States, Germany, France

Real time data and status update about the directional nature of energy flow for protection, control, and monitoring purposes are given by intelligent sensors in smart grids enhancing reliability and robustness of grid functions. Intelligent sensors in intelligent grids provide up-to-date information about two-way energy flows. It is needed for protection, control and monitoring purposes.

The world experiences an increasing trend of electrification with subsequent growing electricity demand together with higher power transmission and distribution efficiency. IEA estimates that world’s electricity demand will grow by 2.1 p.a. until 2040. This has resulted in a rate of growth twice as fast as the world’s demand for primary energy.

One can also use sophisticated SCADA based software such as dependable, adaptable and effective modern applications like these ones. Many smart city initiatives in developing countries are related to different domains including technology, mobility, environment, lifestyle, and policy. These initiatives contribute to creating sustainable economic development and a better quality of living. Growth potentials for the market of smart grid sensors in this period may also arise from extensive, ongoing research into intelligent solution.

Despite this, the increase in the volume of the smart grid sensor’s market share might be stunted by the high costs involved in putting them up and the complicated process that they often require for integration into various systems.

COVID-19 Impact Analysis on Smart Water Grid Market.

Growth of outdoor manufacturing and industrial sectors slowed down in 2020 by Covid pandemic. However, it is worth noting that in 2021 there were significant improvements in sophisticated networking and communication technologies use. Nevertheless, most challenges affecting the smart grid’s sensors were mainly caused by Covid 19 epidemic. For instance, specific experts shortage or nonavailability and the global strike which led to suspension of some projects. Demand for sensors used in smart grid system should continue growing due to growth in demand for IoT hardware in industrial, manufacturing, and commercial sector areas.

One of the key drivers for the smart grid sensors market is the increase in demand for environmentally friendly and energy saving options. Furthermore, the growth of the ultrasonic air bubble detectors market will largely be driven by the supportive regulatory policy frameworks adopted by different countries for smart grid adoption. However, there will still be some concerns of insecurity as well as ignorance about availability of smart grid solutions which can limit the growth of the market. However, smart city initiatives underway among developing countries may constitute an opportunity for growth for the smart grid sensor industry.

Top Key Players Covered

• ABB, Trilliant
• Landis+Gyr
• Siemens
• Ge grid solutions
• Itron, Inc.
• Echelon Corporation
• S&C electric company
• Sentient Energy, Inc.
• Aclara Technologies LLC

Key Industry Developments in the Smart Water Grid Market

• In January 2021, Schneider Electric acquired DC Systems BV, an important supplier of intelligent systems. The acquisition facilitated pushing innovations in the electrical distribution domain.

• Benifici solar a Thailand based power company partnered with HIchatchi ABB in providing power grids in May 2021.

Table of Contents

1 INTRODUCTION OF GLOBAL Smart Water Grid Market

1.1 Overview of the Market

1.2 Scope of Report

1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

3.1 Data Mining

3.2 Validation

3.3 Primary Interviews

3.4 List of Data Sources

4 GLOBAL Smart Water Grid Market OUTLOOK

4.1 Overview

4.2 Market Dynamics

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.3 Porters Five Force Model

4.3.1. Bargaining Power of Suppliers

4.3.2. Threat of New Entrants

4.3.3. Threat of Substitutes

4.3.4. Competitive Rivalry

4.3.5. Bargaining Power among Buyers

4.4 Value Chain Analysis

5 GLOBAL Smart Water Grid Market BY Product

5.1 Overview

5.2 Smart Infrastructure

5.3 Control & Automation

5.4 ICT & Analytical Software

5.5 Design & Engineering

6 GLOBAL Smart Water Grid Market, BY Application

6.1 Overview

6.2 Residential

6.3 Commercial

6.4 Utility

7 GLOBAL Smart Water Grid Market, By REGION

7.1 North America

7.1.1 U.S.

7.1.2 Canada

7.2 Europe

7.2.1 Germany

7.2.3 U.K.

7.2.4 France

7.2.5 Rest of Europe

7.3 Asia Pacific

7.3.1 China

7.3.2 Japan

7.3.3 India

7.3.4 South Korea

7.3.5 Singapore

7.3.6 Malaysia

7.3.7 Australia

7.3.8 Thailand

7.3.8 Indonesia

7.3.10 Philippines

7.3.11 Rest of Asia Pacific

7.4 Others

7.4.1 Saudi Arabia

7.4.2 U.A.E.

7.4.3 South Africa

7.4.4 Egypt

7.4.5 Israel

7.4.6 Rest of Middle East and Africa (MEA)

7.4.7 Brazil

7.4.8 Argentina

7.4.8 Mexico

7.4.10 Rest of South America

8 COMPANY PROFILES

8.1 Airborne

8.1.1. Company Overview

8.1.2. Key Executives

8.1.3. Operating Business Segments

8.1.4. Product Portfolio

8.1.5. Financial Performance (As per availability)

8.1.6 Key News

8.2 AZUR SPACE Solar Power

8.2.1. Company Overview

8.2.2. Key Executives

8.2.3. Operating Business Segments

8.2.4. Product Portfolio

8.2.5. Financial Performance (As per availability)

8.2.6 Key News

8.3 Borrego Energy

8.3.1. Company Overview

8.3.2. Key Executives

8.3.3. Operating Business Segments

8.3.4. Product Portfolio

8.3.5. Financial Performance (As per availability)

8.3.6 Key News

8.4 DHV Technology

8.4.1. Company Overview

8.4.2. Key Executives

8.4.3. Operating Business Segments

8.4.4. Product Portfolio

8.4.5. Financial Performance (As per availability)

8.4.6 Key News

8.5 Fralock

8.5.1. Company Overview

8.5.2. Key Executives

8.5 3. Operating Business Segments

8.5.4. Product Portfolio

8.5.5. Financial Performance (As per availability)

8.5.6 Key News

8.6 Japan Aerospace Exploration Agency

8.61. Company Overview

8.6.2. Key Executives

8.6.3. Operating Business Segments

8.6.4. Product Portfolio

8.6.5. Financial Performance (As per availability)

8.6.6 Key News

8.7 Northrop Grumman

8.7.1. Company Overview

8.7.2. Key Executives

8.7.3. Operating Business Segments

8.7.4. Product Portfolio

8.7.5. Financial Performance (As per availability)

8.7.6 Key News

8.8 Solaren Corporation

8.8.1. Company Overview

8.8.2. Key Executives

8.8.3. Operating Business Segments

8.8.4. Product Portfolio

8.8.5. Financial Performance (As per availability)

8.8.6 Key News

8.9 SpaceTech

8.9.1. Company Overview

8 9.2. Key Executives

8.9.3. Operating Business Segments

8.9.4. Product Portfolio

8.9.5. Financial Performance (As per availability)

8.9.6 Key News

8.10 Space Canada

8.10.1. Company Overview

8.10.2. Key Executives

8.10.3. Operating Business Segments

8.10.4. Product Portfolio

8.10.5. Financial Performance (As per availability)

8.10.6 Key News

8.11 Delair (France)

8.11.1. Company Overview

8.11.2. Key Executives

8.11.3. Operating Business Segments

8.11.4. Product Portfolio

8.11.5. Financial Performance (As per availability)

8.11.6 Key News

8.12 AeroVironment Inc., (U.S.)

8.12.1. Company Overview

8.12.2. Key Executives

8.12.3. Operating Business Segments

8.12.4. Product Portfolio

8.12.5. Financial Performance (As per availability)

8.12.6 Key News

8.13 Other Players

8.13.1. Company Overview

8.13.2. Key Executives

8.13.3. Operating Business Segments

8.13.4. Product Portfolio

8.13.5. Financial Performance (As per availability)

8.13.6 Key News

Global Smart Water Grid Market Segmentation

Smart Water Grid by Product: Market Size & Forecast 2024-2032

• Smart Infrastructure
• Control & Automation
• ICT & Analytical Software
• Design & Engineering

Smart Water Grid by Application: Market Size & Forecast 2024-2032

• Residential
• Commercial
• Utility

Smart Water Grid by Geography: Market Size & Forecast 2024-2032

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

• ABB, Trilliant
• Landis+Gyr
• Siemens
• Ge grid solutions
• Itron, Inc.
• Echelon Corporation
• S&C electric company
• Sentient Energy, Inc.
• Aclara Technologies LLC