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

According to the smart grid sensor industry analysis by Persistence Market Research, demand registered in the market is set to increase at a healthy CAGR of 13% from 2022-2025.

The report also forecasts that the global smart grid sensor market will surpass a valuation of US$ 380 Mn by the end of 2022. Adoption of smart grid sensors has been increasing due to rising integration of Internet of Thing (IoT) technology with smart grids.

mart grids are next generation energy systems that reduce costs and energy consumption through data maintenance and usage. IoT-enabled smart grid technology includes wireless devices such as radio modules, sensors, routers, and gateways. These devices provide the communication and connectivity that helps empower consumers to take better energy-usage decisions.

Smart grid IoT technology majorly used in automation processes and it improves efficiency. It uses IoT technologies and environmental data in renewable energy sources that helps maximize the use of green sources of energy and optimize power production.

One of the IoT applications in smart grids is the Lumin energy management platform. The company offers IoT-based applications in smart grids that help reduce emissions, drive cost savings, and facilitate the easier adoption of green energy at the same time.