Global Synchrophasor Market Growth 2023-2029

Global Synchrophasor Market Growth 2023-2029

A synchrophasor is a time-synchronized measurement of a quantity described by a phasor. Like a vector, a phasor has magnitude and phase information. Devices called phasor measurement units (PMU) measure voltage and current and with these measurements calculate parameters such as frequency and phase angle. It provides real-time data of the grid system to operators, helping them make decisions to prevent any power outage. The measurements obtained from synchrophasor are used to improve grid visualization, operational monitoring, power system control, stability monitoring, state estimation, and fault analysis. Each measurement taken by a synchrophasor is time-stamped according to a common time reference. This enables synchrophasor from different utilities to be combined and synchronized, which presents a comprehensive view of a regional interconnection.
LPI (LP Information)' newest research report, the “Synchrophasor Industry Forecast” looks at past sales and reviews total world Synchrophasor sales in 2022, providing a comprehensive analysis by region and market sector of projected Synchrophasor sales for 2023 through 2029. With Synchrophasor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Synchrophasor industry.
This Insight Report provides a comprehensive analysis of the global Synchrophasor 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 Synchrophasor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Synchrophasor market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Synchrophasor 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 Synchrophasor.
The global Synchrophasor market size is projected to grow from US$ 266.5 million in 2022 to US$ 1285.5 million in 2029; it is expected to grow at a CAGR of 1285.5 from 2023 to 2029.
Schweitzer Engineering Laboratories, ABB, Siemens Energy and Beijing Sifang Automation captured the Top 4 revenue share spots in the Synchrophasor market in 2019. Schweitzer Engineering Laboratories dominated with 16.19% revenue share, followed by ABB with 15.68%, Siemens Energy with 11.41% and Beijing Sifang Automation with 10.71%.
This report presents a comprehensive overview, market shares, and growth opportunities of Synchrophasor market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Type I
Type II
Segmentation by application
Power Station
Transforming Station
Others
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.
Schweitzer Engineering Laboratories
ABB
Beijing Sifang Automation Co., Ltd.
State Grid Corporation of China
Siemens Energy
NR Electric
GE Grid Solutions
Vizimax
Arbiter Systems
Key Questions Addressed in this Report
What is the 10-year outlook for the global Synchrophasor market?
What factors are driving Synchrophasor market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Synchrophasor market opportunities vary by end market size?
How does Synchrophasor break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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