A recent study report from HIS entitled “The North American Market for Smart Grid Sensors – 2013” has recognized Tollgrade Communications (News - Alert) as No. 1 in market share for “Smart Grid Sensors.”
With a global footprint and over 25 years of experience providing network assurance solutions, Tollgrade Communications, Inc. has built a reputation for improving the reliability and operational efficiency with utilities and communications service providers around the world, allowing operators to reduce customer down time and recover lost revenue.
The HIS report says that the new generation of smart grid sensors market will grow from over $200 million in 2012 to $340 million in 2018.
This report also points out that North America will be the world’s top market for smart grid technologies, due to its severe weather, aging infrastructure, increased interest in green technologies, and inefficient power balancing, all of which are motivating investments in the next generation of smart grid sensors that have combined communications and software analytics into turnkey, affordable packages for utilities.
“In 2013, North American utilities know they are no longer able to run their networks without real-time intelligence from the distribution side of the grid,” said Edward H. Kennedy, president and CEO of Tollgrade Communications. “Tollgrade is excited to be recognized as paving the way forward as a market leader accelerating adoption of this transformative smart grid technology.”
Tollgrade has two powerful smart grid solutions to offer that is the LightHouse Medium Voltage (MV) sensors and predictive grid analytics software that offers real-time grid intelligence from the blind spot of the grid—the distribution network— to help utilities avoid outages, modernize and protect this major asset.
According to the company, these turn-key solutions help organizations to gain immediate visibility and better situational awareness into the operational status of their distribution grid to make the critical planning decisions that will significantly improve reliability.
“The market for feeder line sensors is undergoing radical change now,” said Michael Markides, associate director of the Smart Utility Infrastructure Group at IHS (News - Alert). “Older devices are being replaced by next-generation technologies that are offered by new market entrants. There are numerous takeaways from this, including the continued growth in distribution-level electronic devices, the continued push toward decentralizing grid intelligence and automation, as well as showing the evolving habits and behaviors of utilities in North America as they adopt new technology from a set of new vendors.”
Edited by Alisen Downey