Smart Grid Sensor Market is set to increase at a healthy CAGR of 13% from 2022-2025

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"Increasing initiatives to reduce carbon emissions by governments and emergence of smart projects across the globe have led to a spur the demand for smart grid sensors," says a Persistence Market Research analyst.

Integration of AI with Smart Grids to Spur Demand for Smart Grid Sensors

Smart grid surveillance systems generally use intelligent sensors to measure the electrical and magnetic fields in power lines. These sensors that are connected to power line poles collect data and send it to units, which use artificial intelligence algorithms to analyze the data. In smart grid solutions, AI can predict power demand based on data such as energy markets, weather, and human behavior.

• For example, Myst AI uses AI to forecast the generation of renewable energy, energy market prices, and power demand across different regions.

Such insights help utilities match energy supply and demand. AI-enabled sensors can detect the exact location of failure and help prevent large-scale blackouts.

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More Valuable Insights on Offer

Persistence Market Research report on the smart grid sensor market is segmented into five major sections – sensor (voltage/temperature sensors, outage detection sensors, transformer monitoring sensors, dynamic line rating sensors, and others), application (smart energy meter, SCADA, Advanced Metering Infrastructure (AMI), and others), end user (public grid operators and private grid operators), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the smart grid sensor demand outlook.

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• Smart Mirror Market
• Smart Grid Security Market
• Smart Grid Data Analytics Market

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