Smart Grid Sensors (SGS) Market Report 2026

Smart Grid Sensors (SGS) Market Overview

• Smart Grid Sensors (SGS) market size has reached to $3.03 billion in 2025 • Expected to grow to $6.45 billion in 2030 at a compound annual growth rate (CAGR) of 16.4% • Growth Driver: The Increasing Adoption Of Renewable Energy Sources Fueling The Growth Of The Smart Grid Sensors (SGS) Market Due To Expanded Integration Of Variable Generation • Market Trend: Smart Grid Sensors (SGS) Market Evolves With Compact Cellular Grid Sensing Platforms • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Smart Grid Sensors (SGS) Market?

Smart grid sensors (SGS) are advanced sensing devices used in electrical power systems to monitor, measure, and communicate real-time data about grid conditions such as voltage, current, frequency, temperature, and power quality. These sensors enable utilities to detect faults, optimize energy distribution, improve reliability, integrate renewable energy sources, and support automation and intelligent decision-making within the smart grid. The main types of components in smart grid sensors (SGS) include hardware, software, and services. Hardware refers to physical sensing devices such as voltage, current, temperature, and power quality sensors that monitor electrical parameters to ensure grid stability, efficiency, and fault detection. The various sensor types involved are voltage sensors, current sensors, temperature sensors, and other sensor types and are applied in smart energy meters and supervisory control and data acquisition (SCADA) and Advanced Metering Infrastructure (AMI) and others. The end users include residential, commercial, and industrial.

What Is The Smart Grid Sensors (SGS) Market Growth Forecast?

The smart grid sensors (sgs) market size is expected to see rapid growth in the next few years. It will grow to $6.45 billion in 2030 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to growing deployment of advanced metering infrastructure (ami), increasing adoption of ai-enabled energy management software, expansion of predictive maintenance solutions, rising investments in grid modernization, growing focus on smart city initiatives. Major trends in the forecast period include increasing adoption of phasor measurement units (pmus), rising deployment of smart energy meters, growing integration of predictive maintenance software, expansion of fault detection and diagnostics solutions, rising focus on installation, integration, and support services.

Global Smart Grid Sensors (SGS) Market Segmentation

1) By Component: Hardware, Software, Services 2) By Sensor Type: Voltage Sensors, Current Sensors, Temperature Sensors, Other Sensor Types 3) By Application: Smart Energy Meters, Supervisory Control And Data Acquisition (SCADA), Advanced Metering Infrastructure (AMI), Other Applications 4) By End User: Residential, Commercial, Industrial Subsegments: 1) By Hardware: Voltage Sensors, Current Sensors, Temperature Sensors, Power Quality Sensors 2) By Software: Grid Monitoring And Analytics Software, Fault Detection And Diagnostics Software, Predictive Maintenance Software, Artificial Intelligence (AI) Enabled Energy Management Software 3) By Services: Installation And Integration Services, Consulting And Advisory Services, Maintenance And Support Services, Training And Capacity Building Services

What Is The Driver Of The Smart Grid Sensors (SGS) Market?

The increasing adoption of renewable energy sources is expected to propel the growth of the smart grid sensors (SGS) market going forward. Renewable energy sources refer to electricity generated from sustainable resources such as solar, wind, and hydropower, which help reduce carbon emissions and support long-term energy transition goals. Adoption of renewable energy is rising as governments and utilities expand clean energy capacity to meet decarbonization targets while ensuring reliable and resilient electricity supply. Smart grid sensors support this transition by enabling real-time monitoring, fault detection, and advanced data analytics across power networks. These capabilities allow grid operators to manage the variability and intermittency associated with renewable energy sources more effectively, optimize grid performance, and maintain system stability. For instance, in May 2024, according to the energy information administration (EIA), a US-based government agency, renewable energy sources are accounted for 24% of total united states (US) electricity generation in 2025, up from 22%in 2024, demonstrating the rising share of renewables on the grid. Therefore, the increasing adoption of renewable energy sources is driving the growth of the smart grid sensors (SGS) industry.

Key Players In The Global Smart Grid Sensors (SGS) Market

Major companies operating in the smart grid sensors (SGS) market are Huawei Technologies Co. Ltd., Siemens AG, IBM Corporation, Cisco Systems Inc., General Electric Company, Oracle Corporation, Schneider Electric, Mitsubishi Electric Corporation, Honeywell International Inc., ABB Ltd., Duke Energy, Nokia Corporation, Toshiba Corporation, Eaton Corporation plc, Sensus (xylem), Aclara Technologies LLC, Itron Inc., Silver Spring Networks Inc., National Instuments, Landis+Gyr Group AG, Kamstrup, ARTECHE, Trilliant Holdings Inc., and GridPoint.

Global Smart Grid Sensors (SGS) Market Trends and Insights

Major companies operating in the smart grid sensors (SGS) market are increasingly focusing on developing miniaturized cellular grid sensing platforms to improve deployment efficiency, reduce installation complexity, and lower total cost of ownership. These platforms enable compact sensor designs with embedded intelligence and integrated wireless connectivity, allowing utilities to expand grid monitoring capabilities more efficiently. Miniaturized cellular grid sensing platforms refer to integrated sensing solutions that combine voltage and current measurement, edge analytics, and cellular communication within a small hardware footprint. For instance, in March 2025, Landis+Gyr, a Switzerland-based energy management technology company, introduced the Revelo cellular grid sensing platform. The solution features a compact, meter-integrated sensor design that simplifies field installation, built-in edge intelligence for real-time analysis of high-resolution voltage and current data, and long-term evolution for machines (LTE-M) cellular connectivity. By eliminating the need for separate communications infrastructure, the platform supports faster and more cost-effective deployment of smart grid sensing networks.

What Are Latest Mergers And Acquisitions In The Smart Grid Sensors (SGS) Market?

In November 2023, Gridspertise, an Italy-based smart grid technology and solutions company, acquired Aidon Oy for an undisclosed amount. Through this acquisition, Gridspertise aims to strengthen its portfolio of smart grid and smart metering technologies, including sensor enabled metering and grid edge digitalization solutions, and accelerate its expansion across Nordic energy markets while driving innovation in intelligent distribution grid infrastructure. Aidon Oy is a Finland-based company that develops smart grid sensors as part of its advanced metering and grid intelligence solutions for electricity distribution system operators (DSOs).

Regional Insights

North America was the largest region in the smart grid sensors (SGS) market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Smart Grid Sensors (SGS) Market?

The smart grid sensors (SGS) market consists of sales of current sensors, voltage sensors, phasor measurement units (PMUs), smart meters, and grid monitoring platforms. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Smart Grid Sensors (SGS) Market Report 2026?

The smart grid sensors (SGS) market research report is one of a series of new reports from The Business Research Company that provides smart grid sensors (SGS) market statistics, including smart grid sensors (SGS) industry global market size, regional shares, competitors with a smart grid sensors (SGS) market share, detailed smart grid sensors (SGS) market segments, market trends and opportunities, and any further data you may need to thrive in the smart grid sensors (SGS) industry. This smart grid sensors (SGS) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.