Global Substation Wide Area Monitoring System Market Growth (Status and Outlook) 2023-2029

Global Substation Wide Area Monitoring System Market Growth (Status and Outlook) 2023-2029

Wide area monitoring systems help power system operators continuously analyze all the features of a large power network in real time. Utilizing phasor measurement units (PMUs), information can be recorded and monitored to detect disturbances and improve knowledge of network behavior under dynamic conditions, enabling system operators to maximize power flow and network stability. 

LPI (LP Information)' newest research report, the “Substation Wide Area Monitoring System Industry Forecast” looks at past sales and reviews total world Substation Wide Area Monitoring System sales in 2022, providing a comprehensive analysis by region and market sector of projected Substation Wide Area Monitoring System sales for 2023 through 2029. With Substation Wide Area Monitoring System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Substation Wide Area Monitoring System industry.

This Insight Report provides a comprehensive analysis of the global Substation Wide Area Monitoring System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Substation Wide Area Monitoring System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Substation Wide Area Monitoring System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Substation Wide Area Monitoring System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Substation Wide Area Monitoring System.

The global Substation Wide Area Monitoring System market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The increasing investments in smart grid projects is expected to be one of the major substation wide area monitoring system market drivers during the forecast period. Smart grid projects with the implementation of the wide area monitoring technology have created an influence on utility consumers based on uninterrupted power. The smart grids offer advantages such as peak load and outage management, offers lower number of transformer failures, and reduction and instant recovery of unexpected power failures. This will lead to the increased demand for substation wide area monitoring system market.

This report presents a comprehensive overview, market shares, and growth opportunities of Substation Wide Area Monitoring System market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Phasor Measurement Units (PMUs)
Phasor Data Concentrators (PDCs)
Communication Networks
PDC Solutions

Segmentation by application
Transmission Substation
Distribution Substation
Collector Substation
Converter Substations
Switching Station

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Electric Power Group
General Electric
Sc+I34650hneider Electric
Siemens

Please note: The report will take approximately 2 business days to prepare and deliver.