In 2026, the demand for sensing and measurement equipment for power transmission and distribution will reach $4.8 billion

Navigant Research recently announced that by 2026, as the power grid becomes more diversified, the demand for complete sensor measurement, monitoring and asset management solution systems will increase
.
The market demand for sensing and measurement equipment in the transmission and distribution sector is expected to reach $4.
8 billion
by 2026.

Over the next decade, utilities around the world will invest heavily in automation and monitoring solutions such as substations, transmission and distribution lines, transformers and more to upgrade and replace aging infrastructure
, according to the report.
With the growing demand for distributed generation such as wind and solar, and pressure from regulators and customers to become more intelligent in the grid, sensing measurement devices in the transmission and distribution sector will play an important role
in the development of more advanced self-monitoring and self-healing grids.

Michael Hartnack, research analyst at Navigant Research, explains, "The power industry is in the early stages of a radical paradigm shift that will see traditional one-way systems of towers and lines connecting power plants and power customers into a complex network characterized by bidirectional flow, ubiquitous communications and a high level of automation
.
Therefore, as the power grid becomes more diverse, a complete system of sensing, measurement, condition monitoring and asset management solutions must be deployed
.
”

The report also notes that as the cost of sensors and connectivity falls, the utility power sector is expected to deploy sensor measurement systems
faster than ever before.
Advanced sensors work in conjunction with real-time communication and analytics to provide utilities with critical virtuous system information and tools to monitor asset functionality, assess security risks, and effectively prevent network outages
.