Synchrophasors use phasor measurement units (PMUs) as monitoring devices that measure current, instantaneous voltage, and frequency at specific locations on an electric grid. This provides the operators with a real-time picture of the grid system helping them to make decisions to prevent power outage.
Scope of the Report:This report focuses on the Synchrophasors in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The increasing need for reduced grid outages is one of the primary growth factors for this market. Power outages have become frequent due to the increased strain on infrastructure that attributes to the aging infrastructure, rise in population, and the increased demand for power. Additionally, factors such as inclement weather, equipment failure, maintenance shutdown, load-shedding, vandalism, and cyber-attacks also result in power outages.ÊPowerÊoutages cause inconvenience to the end users and also result in huge losses for the utilities, impede emergency services, and jeopardize national security, as it compromises the communication and security systems. Utilities are attempting to implementÊsmart gridÊtechnologies to reduce the power outages and to restore power quickly to prevent loss of data and revenue. Synchrophasors collect the voltage, current, and frequency data thus providing the operator an accurate and dynamic view of the grid that help the operators in identifying, locating, and resolving potential threats in the grid, which will result in increasing their demand during the coming years.
The Americas is estimated to be the major revenue contributor to the synchrophasors market throughout the forecast period. This is mainly due to the increased funding from the governments of countries in this region towards the development of smart grids. To enable the efficient monitoring of the grid and to improve its performance, utilities have already deployed numerousÊpower managementÊunits (PMUs).
The worldwide market for Synchrophasors is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2026, from xx million US$ in 2020, according to a new study.
Market Segment by Manufacturers, this report covers ABB
Arbiter Systems
General Electric
Schweitzer Engineering Laboratories
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Hardware Components
Software Systems
Market Segment by Applications, can be divided into Fault Analysis
State Estimation
Stability Monitoring
Power System Control
Operational Monitoring
Improve Grid Visualization
There are 15 Chapters to deeply display the global Synchrophasors market.
Chapter 1, to describe Synchrophasors Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Synchrophasors, with sales, revenue, and price of Synchrophasors, in 2018 and 2019;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2018 and 2019;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Synchrophasors, for each region, from 2015 to 2020;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2015 to 2020;
Chapter 12, Synchrophasors market forecast, by regions, type and application, with sales and revenue, from 2020 to 2026;
Chapter 13, 14 and 15, to describe Synchrophasors sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
