Global Synchrophasors Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application

Summary

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.
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. Power outages 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 implement smart grid technologies 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 numerous power management units (PMUs).
The global Synchrophasors market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.

This report studies the Synchrophasors market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Synchrophasors in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
ABB
Arbiter Systems
General Electric
Schweitzer Engineering Laboratories
By the product type, the market is primarily split into
Hardware Components
Software Systems
By the end users/application, this report covers the following segments
Fault Analysis
State Estimation
Stability Monitoring
Power System Control
Operational Monitoring
Improve Grid Visualization

We can also provide the customized separate regional or country-level reports, for the following regions:
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
Europe
Germany
France
UK
Italy
Spain
Russia
Rest of Europe
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

The study objectives of this report are:
To study and analyze the global Synchrophasors market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Synchrophasors market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Synchrophasors manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Synchrophasors with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Synchrophasors submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Synchrophasors are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025

This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Synchrophasors market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Key Stakeholders
Raw material suppliers
Distributors/traders/wholesalers/suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
End-use industries

Available Customizations
With the given market data, offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Synchrophasors market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.