Navigant Research Report Shows Global Revenue for Sensing and Measurement Devices for Transmission and Distribution Is Expected to Reach $4.8 Billion by 2026

As the electric grid becomes more diverse, a sophisticated system
of sensing, measurement, condition monitoring, and asset management
solutions must be deployed

BOULDER, Colo.–(BUSINESS WIRE)–#AssetManagement–A new report from Navigant
Research analyzes the technologies and strategies capable of
enhancing sensing and measurement for transmission and distribution
(T&D) networks, providing global market forecasts for eight equipment
categories, segmented by technology category and region, through 2026.

During the next decade, utilities worldwide will undertake significant
investments in automation and monitoring solutions in substations, T&D
lines, transformers, and more as they look to upgrade and replace aging
infrastructure. Driven by increasing demands for distributed generation,
such as wind and solar, and coupled with pressure from regulators and
customers for enhanced grid intelligence, T&D sensing and measurement
(TDSM) devices are likely to have a significant role in paving the way
toward a more advanced, self-monitoring, and self-healing electric grid. Click
to tweet: According to a new report from @NavigantRSRCH,
global revenue for TDSM technology is expected to reach $4.8 billion by
2026.

“The power industry is in the early stages of a radical paradigm shift
that will see the traditional one-way system of towers and lines
connecting a power plant to an electric customer transform into a
complex network characterized by bidirectional power flow, pervasive
communications, and high levels of automation,” says Michael Hartnack,
research analyst at Navigant Research. “As the grid becomes more
diverse, a sophisticated system of sensing, measurement, condition
monitoring, and asset management solutions must be deployed.”

According to the report, as the cost of sensors and connectivity falls,
utilities are expected to deploy TDSM systems farther and faster than
ever before. An advanced sensor, paired with real-time communications
and analysis, provides a utility with vital system health information
and tools for monitoring asset functionality, assessing safety risks,
and preventing extended network interruptions.

The report, T&D
Sensing and Measurement Market Overview, examines the
technologies and strategies being adopted to enhance sensing and
measurement capabilities on T&D networks. The study provides an analysis
of the market issues, including drivers and barriers, associated with
TDSM solutions. Global market forecasts for eight TDSM equipment
categories, segmented by technology category and region, extend through
2026. The report also examines the key technologies related to sensing
and measurement hardware and software in the global T&D market, as well
as the competitive landscape. An Executive Summary of the report is
available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, T&D Sensing and Measurement Market Overview, is a
summary and reflects Navigant Research’s current expectations based on
market data and trend analysis. Market predictions and expectations are
inherently uncertain and actual results may differ materially from those
contained in this press release or the report. Please refer to the full
report for a complete understanding of the assumptions underlying the
report’s conclusions and the methodologies used to create the report.
Neither Navigant Research nor Navigant undertakes any obligation to
update any of the information contained in this press release or the
report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]