The global market for Synchrophasors was estimated at US$782.1 Million in 2024 and is projected to reach US$1.4 Billion by 2030, growing at a CAGR of 10.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Synchrophasors market.
The technological advancements in synchrophasor technology have significantly contributed to their widespread adoption. Modern PMUs are equipped with sophisticated algorithms and communication protocols that ensure accurate and timely data transmission even under adverse conditions. The integration of synchrophasors with advanced software platforms allows for real-time data analytics, visualization, and automated decision-making processes. Furthermore, the development of more affordable and compact PMUs has made it feasible to deploy them extensively across power grids. This widespread deployment is crucial for creating a comprehensive and detailed picture of grid operations, which is essential for optimizing performance and preventing blackouts. Additionally, synchrophasor data is increasingly being utilized in the integration of renewable energy sources, where it helps manage the variability and intermittency associated with wind and solar power.
The growth in the synchrophasor market is driven by several factors. Firstly, the increasing need for grid reliability and stability in the face of aging infrastructure and rising demand is a major driver. Utilities are investing in synchrophasor technology to enhance their monitoring and diagnostic capabilities, thereby preventing outages and improving service quality. Secondly, the transition towards smart grids and the integration of distributed energy resources necessitate sophisticated monitoring tools like PMUs to manage complex and decentralized power flows effectively. Thirdly, regulatory mandates and incentives aimed at promoting grid modernization are encouraging the adoption of synchrophasors. Governments and regulatory bodies are recognizing the value of synchrophasor data in ensuring grid security and resilience. Additionally, the growing use of big data analytics and machine learning in grid management is spurring demand for high-quality, time-synchronized data provided by PMUs. As utilities and grid operators increasingly rely on data-driven decision-making, the role of synchrophasors in the energy sector is set to expand, driving continuous innovation and market growth.
Synchrophasors - Key Trends and Drivers
Synchrophasors, also known as synchronized phasor measurement units (PMUs), are devices that provide real-time monitoring of electrical power systems by measuring the instantaneous voltage, current, and frequency at various points across the grid. These measurements are synchronized to a common time source, typically GPS, allowing for the precise comparison of phase angles and the detection of grid anomalies with unprecedented accuracy. Introduced in the late 1980s, synchrophasors have evolved to become critical components in the modernization of power grids, enabling utilities to enhance reliability, efficiency, and resilience. By providing high-speed, time-synchronized data, PMUs facilitate advanced grid management strategies, such as state estimation, fault detection, and dynamic stability assessment.The technological advancements in synchrophasor technology have significantly contributed to their widespread adoption. Modern PMUs are equipped with sophisticated algorithms and communication protocols that ensure accurate and timely data transmission even under adverse conditions. The integration of synchrophasors with advanced software platforms allows for real-time data analytics, visualization, and automated decision-making processes. Furthermore, the development of more affordable and compact PMUs has made it feasible to deploy them extensively across power grids. This widespread deployment is crucial for creating a comprehensive and detailed picture of grid operations, which is essential for optimizing performance and preventing blackouts. Additionally, synchrophasor data is increasingly being utilized in the integration of renewable energy sources, where it helps manage the variability and intermittency associated with wind and solar power.
The growth in the synchrophasor market is driven by several factors. Firstly, the increasing need for grid reliability and stability in the face of aging infrastructure and rising demand is a major driver. Utilities are investing in synchrophasor technology to enhance their monitoring and diagnostic capabilities, thereby preventing outages and improving service quality. Secondly, the transition towards smart grids and the integration of distributed energy resources necessitate sophisticated monitoring tools like PMUs to manage complex and decentralized power flows effectively. Thirdly, regulatory mandates and incentives aimed at promoting grid modernization are encouraging the adoption of synchrophasors. Governments and regulatory bodies are recognizing the value of synchrophasor data in ensuring grid security and resilience. Additionally, the growing use of big data analytics and machine learning in grid management is spurring demand for high-quality, time-synchronized data provided by PMUs. As utilities and grid operators increasingly rely on data-driven decision-making, the role of synchrophasors in the energy sector is set to expand, driving continuous innovation and market growth.
SCOPE OF STUDY:
The report analyzes the Synchrophasors market in terms of units by the following Segments, and Geographic Regions/Countries:- Segments: Component (Hardware Component, Software Component); Application (Power Station Application, Transforming Application, Other Applications)
- Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Hardware Component segment, which is expected to reach US$1.0 Billion by 2030 with a CAGR of a 10.0%. The Software Component segment is also set to grow at 10.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $211.3 Million in 2024, and China, forecasted to grow at an impressive 14.0% CAGR to reach $297.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Synchrophasors Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Synchrophasors Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Synchrophasors Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as ABB Ltd, Arbiter Systems, Inc., AXON Group Ltda, Bachmann electronic GmbH, Electric Power Group LLC and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 34 companies featured in this Synchrophasors market report include:
- ABB Ltd
- Arbiter Systems, Inc.
- AXON Group Ltda
- Bachmann electronic GmbH
- Electric Power Group LLC
- GE Vernova
- NR Electric Co., Ltd.
- PropSync Solutions
- Qualitrol Company LLC
- Schneider Electric SE
- Schweitzer Engineering Laboratories, Inc.
- Siemens AG
- Textron Aviation, Inc.
- Toshiba Energy Systems & Solutions Corporation
- Vizimax, Inc.
This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:
- Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
- Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
- Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
- Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
- Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
- Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
- Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd
- Arbiter Systems, Inc.
- AXON Group Ltda
- Bachmann electronic GmbH
- Electric Power Group LLC
- GE Vernova
- NR Electric Co., Ltd.
- PropSync Solutions
- Qualitrol Company LLC
- Schneider Electric SE
- Schweitzer Engineering Laboratories, Inc.
- Siemens AG
- Textron Aviation, Inc.
- Toshiba Energy Systems & Solutions Corporation
- Vizimax, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 268 |
| Published | July 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 782.1 Million |
| Forecasted Market Value ( USD | $ 1400 Million |
| Compound Annual Growth Rate | 10.2% |
| Regions Covered | Global |
