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Synchrophasor-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global Synchrophasor market size is expected to reach US$ 1269.6 million by 2029, growing at a CAGR of 24.3% from 2023 to 2029. The market is mainly driven by the significant applications of Synchrophasor in various end use industries. The expanding demands from the Power Station, Transforming Station and Others,, are propelling Synchrophasor market. Type I, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Type II segment is estimated at % CAGR for the next seven-year period.
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%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Synchrophasor, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Synchrophasor market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Synchrophasor market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Synchrophasor sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Synchrophasor covered in this report include Schweitzer Engineering Laboratories, ABB, Beijing Sifang Automation Co., Ltd., State Grid Corporation of China, Siemens Energy, NR Electric, GE Grid Solutions, Vizimax and Arbiter Systems, etc.
The global Synchrophasor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Schweitzer Engineering Laboratories
ABB
Beijing Sifang Automation Co., Ltd.
State Grid Corporation of China
Siemens Energy
NR Electric
GE Grid Solutions
Vizimax
Arbiter Systems
Global Synchrophasor market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Synchrophasor market, Segment by Type:
Type I
Type II
Global Synchrophasor market, by Application
Power Station
Transforming Station
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Synchrophasor manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Synchrophasor in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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.
The global Synchrophasor market size is expected to reach US$ 1269.6 million by 2029, growing at a CAGR of 24.3% from 2023 to 2029. The market is mainly driven by the significant applications of Synchrophasor in various end use industries. The expanding demands from the Power Station, Transforming Station and Others,, are propelling Synchrophasor market. Type I, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Type II segment is estimated at % CAGR for the next seven-year period.
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%.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Synchrophasor, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Synchrophasor market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Synchrophasor market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Synchrophasor sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Synchrophasor covered in this report include Schweitzer Engineering Laboratories, ABB, Beijing Sifang Automation Co., Ltd., State Grid Corporation of China, Siemens Energy, NR Electric, GE Grid Solutions, Vizimax and Arbiter Systems, etc.
The global Synchrophasor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Schweitzer Engineering Laboratories
ABB
Beijing Sifang Automation Co., Ltd.
State Grid Corporation of China
Siemens Energy
NR Electric
GE Grid Solutions
Vizimax
Arbiter Systems
Global Synchrophasor market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Synchrophasor market, Segment by Type:
Type I
Type II
Global Synchrophasor market, by Application
Power Station
Transforming Station
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Synchrophasor manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Synchrophasor in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Synchrophasor Market Overview
1.1 Synchrophasor Product Overview
1.2 Synchrophasor Market Segment by Type
1.2.1 Type I
1.2.2 Type II
1.3 Global Synchrophasor Market Size by Type
1.3.1 Global Synchrophasor Market Size Overview by Type (2018-2029)
1.3.2 Global Synchrophasor Historic Market Size Review by Type (2018-2023)
1.3.3 Global Synchrophasor Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Synchrophasor Sales Breakdown by Type (2018-2023)
1.4.2 Europe Synchrophasor Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Synchrophasor Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Synchrophasor Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Synchrophasor Sales Breakdown by Type (2018-2023)
2 Global Synchrophasor Market Competition by Company
2.1 Global Top Players by Synchrophasor Sales (2018-2023)
2.2 Global Top Players by Synchrophasor Revenue (2018-2023)
2.3 Global Top Players by Synchrophasor Price (2018-2023)
2.4 Global Top Manufacturers Synchrophasor Manufacturing Base Distribution, Sales Area, Product Type
2.5 Synchrophasor Market Competitive Situation and Trends
2.5.1 Synchrophasor Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Synchrophasor Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Synchrophasor as of 2022)
2.7 Date of Key Manufacturers Enter into Synchrophasor Market
2.8 Key Manufacturers Synchrophasor Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Synchrophasor Status and Outlook by Region
3.1 Global Synchrophasor Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Synchrophasor Historic Market Size by Region
3.2.1 Global Synchrophasor Sales in Volume by Region (2018-2023)
3.2.2 Global Synchrophasor Sales in Value by Region (2018-2023)
3.2.3 Global Synchrophasor Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Synchrophasor Forecasted Market Size by Region
3.3.1 Global Synchrophasor Sales in Volume by Region (2024-2029)
3.3.2 Global Synchrophasor Sales in Value by Region (2024-2029)
3.3.3 Global Synchrophasor Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Synchrophasor by Application
4.1 Synchrophasor Market Segment by Application
4.1.1 Power Station
4.1.2 Transforming Station
4.1.3 Others
4.2 Global Synchrophasor Market Size by Application
4.2.1 Global Synchrophasor Market Size Overview by Application (2018-2029)
4.2.2 Global Synchrophasor Historic Market Size Review by Application (2018-2023)
4.2.3 Global Synchrophasor Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Synchrophasor Sales Breakdown by Application (2018-2023)
4.3.2 Europe Synchrophasor Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Synchrophasor Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Synchrophasor Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Synchrophasor Sales Breakdown by Application (2018-2023)
5 North America Synchrophasor by Country
5.1 North America Synchrophasor Historic Market Size by Country
5.1.1 North America Synchrophasor Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Synchrophasor Sales in Volume by Country (2018-2023)
5.1.3 North America Synchrophasor Sales in Value by Country (2018-2023)
5.2 North America Synchrophasor Forecasted Market Size by Country
5.2.1 North America Synchrophasor Sales in Volume by Country (2024-2029)
5.2.2 North America Synchrophasor Sales in Value by Country (2024-2029)
6 Europe Synchrophasor by Country
6.1 Europe Synchrophasor Historic Market Size by Country
6.1.1 Europe Synchrophasor Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Synchrophasor Sales in Volume by Country (2018-2023)
6.1.3 Europe Synchrophasor Sales in Value by Country (2018-2023)
6.2 Europe Synchrophasor Forecasted Market Size by Country
6.2.1 Europe Synchrophasor Sales in Volume by Country (2024-2029)
6.2.2 Europe Synchrophasor Sales in Value by Country (2024-2029)
7 Asia-Pacific Synchrophasor by Region
7.1 Asia-Pacific Synchrophasor Historic Market Size by Region
7.1.1 Asia-Pacific Synchrophasor Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Synchrophasor Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Synchrophasor Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Synchrophasor Forecasted Market Size by Region
7.2.1 Asia-Pacific Synchrophasor Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Synchrophasor Sales in Value by Region (2024-2029)
8 Latin America Synchrophasor by Country
8.1 Latin America Synchrophasor Historic Market Size by Country
8.1.1 Latin America Synchrophasor Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Synchrophasor Sales in Volume by Country (2018-2023)
8.1.3 Latin America Synchrophasor Sales in Value by Country (2018-2023)
8.2 Latin America Synchrophasor Forecasted Market Size by Country
8.2.1 Latin America Synchrophasor Sales in Volume by Country (2024-2029)
8.2.2 Latin America Synchrophasor Sales in Value by Country (2024-2029)
9 Middle East and Africa Synchrophasor by Country
9.1 Middle East and Africa Synchrophasor Historic Market Size by Country
9.1.1 Middle East and Africa Synchrophasor Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Synchrophasor Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Synchrophasor Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Synchrophasor Forecasted Market Size by Country
9.2.1 Middle East and Africa Synchrophasor Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Synchrophasor Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Schweitzer Engineering Laboratories
10.1.1 Schweitzer Engineering Laboratories Company Information
10.1.2 Schweitzer Engineering Laboratories Introduction and Business Overview
10.1.3 Schweitzer Engineering Laboratories Synchrophasor Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Schweitzer Engineering Laboratories Synchrophasor Products Offered
10.1.5 Schweitzer Engineering Laboratories Recent Development
10.2 ABB
10.2.1 ABB Company Information
10.2.2 ABB Introduction and Business Overview
10.2.3 ABB Synchrophasor Sales, Revenue and Gross Margin (2018-2023)
10.2.4 ABB Synchrophasor Products Offered
10.2.5 ABB Recent Development
10.3 Beijing Sifang Automation Co., Ltd.
10.3.1 Beijing Sifang Automation Co., Ltd. Company Information
10.3.2 Beijing Sifang Automation Co., Ltd. Introduction and Business Overview
10.3.3 Beijing Sifang Automation Co., Ltd. Synchrophasor Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Beijing Sifang Automation Co., Ltd. Synchrophasor Products Offered
10.3.5 Beijing Sifang Automation Co., Ltd. Recent Development
10.4 State Grid Corporation of China
10.4.1 State Grid Corporation of China Company Information
10.4.2 State Grid Corporation of China Introduction and Business Overview
10.4.3 State Grid Corporation of China Synchrophasor Sales, Revenue and Gross Margin (2018-2023)
10.4.4 State Grid Corporation of China Synchrophasor Products Offered
10.4.5 State Grid Corporation of China Recent Development
10.5 Siemens Energy
10.5.1 Siemens Energy Company Information
10.5.2 Siemens Energy Introduction and Business Overview
10.5.3 Siemens Energy Synchrophasor Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Siemens Energy Synchrophasor Products Offered
10.5.5 Siemens Energy Recent Development
10.6 NR Electric
10.6.1 NR Electric Company Information
10.6.2 NR Electric Introduction and Business Overview
10.6.3 NR Electric Synchrophasor Sales, Revenue and Gross Margin (2018-2023)
10.6.4 NR Electric Synchrophasor Products Offered
10.6.5 NR Electric Recent Development
10.7 GE Grid Solutions
10.7.1 GE Grid Solutions Company Information
10.7.2 GE Grid Solutions Introduction and Business Overview
10.7.3 GE Grid Solutions Synchrophasor Sales, Revenue and Gross Margin (2018-2023)
10.7.4 GE Grid Solutions Synchrophasor Products Offered
10.7.5 GE Grid Solutions Recent Development
10.8 Vizimax
10.8.1 Vizimax Company Information
10.8.2 Vizimax Introduction and Business Overview
10.8.3 Vizimax Synchrophasor Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Vizimax Synchrophasor Products Offered
10.8.5 Vizimax Recent Development
10.9 Arbiter Systems
10.9.1 Arbiter Systems Company Information
10.9.2 Arbiter Systems Introduction and Business Overview
10.9.3 Arbiter Systems Synchrophasor Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Arbiter Systems Synchrophasor Products Offered
10.9.5 Arbiter Systems Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Synchrophasor Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Synchrophasor Industrial Chain Analysis
11.4 Synchrophasor Market Dynamics
11.4.1 Synchrophasor Industry Trends
11.4.2 Synchrophasor Market Drivers
11.4.3 Synchrophasor Market Challenges
11.4.4 Synchrophasor Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Synchrophasor Distributors
12.3 Synchrophasor Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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