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The synchrophasor market is forecasted to grow by USD 1.51 billion during 2024-2029, accelerating at a CAGR of 18.2% during the forecast period. The report on the synchrophasor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing need for reducing grid outages, rise in installed capacity of renewable energy, and government support to enhance grid reliability.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The synchrophasor market is segmented as below:
By Application
- Power station
- Transforming station
- Others
By Component
- Hardware
- Software
By End-user
- Utilities
- Industrial
- Commercial
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
The report on the synchrophasor market covers the following areas:
- Synchrophasor Market sizing
- Synchrophasor Market forecast
- Synchrophasor Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by Component
10 Market Segmentation by End-user
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global synchrophasor market: ABB Ltd., ALSTOM SA, Arbiter Systems Inc., ElectraNet Pty Ltd., Electric Power Group LLC, ERLPhase Power Technologies Ltd., Fortive Corp., General Electric Co., Hitachi Ltd., Quanta Technology LLC, Schneider Electric SE, Schweitzer Engineering Laboratories Inc., Shenzhen Nanwang Guorui Technology Co. Ltd., Siemens AG, Toshiba Corp., and Vizimax Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing benefits and advancements of smart grids."
According to the report, one of the major drivers for this market is the increasing need for reducing grid outages.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- ALSTOM SA
- Arbiter Systems Inc.
- ElectraNet Pty Ltd.
- Electric Power Group LLC
- ERLPhase Power Technologies Ltd.
- Fortive Corp.
- General Electric Co.
- Hitachi Ltd.
- Quanta Technology LLC
- Schneider Electric SE
- Schweitzer Engineering Laboratories Inc.
- Shenzhen Nanwang Guorui Technology Co. Ltd.
- Siemens AG
- Toshiba Corp.
- Vizimax Inc.
