Opportunity Analysis of Sensors in Power Generation and Smart Grids

Sensors undertake multiple tasks in the power industry. They maintain equipment efficiency in power generation and speed up power flow in the transmission lines. Sensors ensure safety and generate alerts in case of any impending mishaps. Sensors play a vital role in monitoring the health of both the generating machinery and smart grid infrastructure. Sensors enable intelligence of control systems. Power companies’ future focus is to ensure two-way power flow and efficient line ratings and achieve power balance in the grid. Radiation detection sensors have been effective in ensuring safety by monitoring radiation around nuclear power plants and perpetuating corrective measures. Sensors help monitor effluents such as carbon and sulfur in coal- and oil-based power generation plants. The implementation of regulations indirectly determines sensor deployments. Continuous research is leading to the development of new and combined sensors for different applications. Sensors are gradually becoming predictive in nature, ensuring accident-free, pollution-free, and highly efficient and clean power generation.
Published: 29 Nov 2016

Opportunity Analysis of Sensors in Power Generation and Smart Grids

Industry Requirements and IoT Drive Growth

Sensors undertake multiple tasks in the power industry. They maintain equipment efficiency in power generation and speed up power flow in the transmission lines. Sensors ensure safety and generate alerts in case of any impending mishaps. Sensors play a vital role in monitoring the health of both the generating machinery and smart grid infrastructure. Sensors enable intelligence of control systems. Power companies’ future focus is to ensure two-way power flow and efficient line ratings and achieve power balance in the grid. Radiation detection sensors have been effective in ensuring safety by monitoring radiation around nuclear power plants and perpetuating corrective measures. Sensors help monitor effluents such as carbon and sulfur in coal- and oil-based power generation plants. The implementation of regulations indirectly determines sensor deployments. Continuous research is leading to the development of new and combined sensors for different applications. Sensors are gradually becoming predictive in nature, ensuring accident-free, pollution-free, and highly efficient and clean power generation.

Key Question

  • What are the different types of sensors used in power generation and smart grids?
  • Which are the sensors that are likely to experience growth in the coming years in this vertical?
  • What are the key application areas for sensors in power generation and smart grids?
  • How does the competitive landscape look for sensors in power generation and smart grids? What are the opportunity areas for existing participants and where is the scope for new entrants?
  • What are the key market, technology, and economic trends that will have an impact on sensors in power generation and smart grids?

Features of this Research

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