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Europe Synchrophasor Market Size, Share & Trends Analysis Report By Component (Hardware, and Software), By Application, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 93 Pages
  • July 2024
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5988797
The Europe Synchrophasor Market is projected to witness market growth of 9.1% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Synchrophasor Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $72.3 million by 2031. The UK market is exhibiting a CAGR of 8.2% during (2024 - 2031). Additionally, The France market is projected to experience a CAGR of 10.2% during (2024 - 2031).



Synchrophasors are devices that sample electrical quantities - such as voltage and current - at high speeds, typically 30 to 60 times per second, and timestamp these measurements with GPS synchronization. These synchronized measurements provide a real-time view of the grid’s health, enabling operators to swiftly detect anomalies, disturbances, and potential failures.

Additionally, unlike traditional SCADA systems, which sample data at slower rates and lack precise time synchronization, it offers unparalleled accuracy and temporal resolution.

As electricity production increases in Europe, grid operators need more accurate and real-time data to ensure stability and reliability. It provides synchronized measurements across the grid, helping operators quickly detect and respond to disturbances. As per the Eurostat, in 2021, the gross electricity production in the EU showed an increase of 4.4 % compared with 2020, at 2,907 TWh. In 2021, renewable energy sources were the largest contributors to electricity production, surpassing natural gas and manufactured gases, solid fossil fuels (coal), and nuclear energy. Increasing electricity production drives the demand for smart grid technologies

List of Key Companies Profiled

  • Schweitzer Engineering Laboratories, Inc. (SEL)
  • Arbiter Systems, Inc.
  • Vizimax Inc.
  • Powerside
  • ERLPhase Power Technologies Ltd.
  • ABB Ltd.
  • Siemens AG
  • General Electric Company
  • NR Electric Co., Ltd. (NARI Technology Development Limited Co.)

Market Report Segmentation

By Component
  • Hardware
  • Software
By Application
  • Fault Analysis
  • Stability Monitoring
  • State Estimation
  • Improve Grid Visualization
  • Operational Monitoring
  • Power System Control
  • Others
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Synchrophasor Market, by Component
1.4.2 Europe Synchrophasor Market, by Application
1.4.3 Europe Synchrophasor Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Europe Synchrophasor Market by Component
4.1 Europe Hardware Market by Country
4.2 Europe Software Market by Country
Chapter 5. Europe Synchrophasor Market by Application
5.1 Europe Fault Analysis Market by Country
5.2 Europe Stability Monitoring Market by Country
5.3 Europe State Estimation Market by Country
5.4 Europe Improve Grid Visualization Market by Country
5.5 Europe Operational Monitoring Market by Country
5.6 Europe Power System Control Market by Country
5.7 Europe Others Market by Country
Chapter 6. Europe Synchrophasor Market by Country
6.1 Germany Synchrophasor Market
6.1.1 Germany Synchrophasor Market by Component
6.1.2 Germany Synchrophasor Market by Application
6.2 UK Synchrophasor Market
6.2.1 UK Synchrophasor Market by Component
6.2.2 UK Synchrophasor Market by Application
6.3 France Synchrophasor Market
6.3.1 France Synchrophasor Market by Component
6.3.2 France Synchrophasor Market by Application
6.4 Russia Synchrophasor Market
6.4.1 Russia Synchrophasor Market by Component
6.4.2 Russia Synchrophasor Market by Application
6.5 Spain Synchrophasor Market
6.5.1 Spain Synchrophasor Market by Component
6.5.2 Spain Synchrophasor Market by Application
6.6 Italy Synchrophasor Market
6.6.1 Italy Synchrophasor Market by Component
6.6.2 Italy Synchrophasor Market by Application
6.7 Rest of Europe Synchrophasor Market
6.7.1 Rest of Europe Synchrophasor Market by Component
6.7.2 Rest of Europe Synchrophasor Market by Application
Chapter 7. Company Profiles
7.1 ABB Ltd.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 Siemens AG
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 SWOT Analysis
7.3 General Electric Company
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 NR Electric Co., Ltd. (NARI Technology Development Limited Co.)
7.4.1 Company Overview
7.5 Schweitzer Engineering Laboratories, Inc. (SEL)
7.5.1 Company Overview
7.5.2 SWOT Analysis
7.6 Arbiter Systems, Inc.
7.6.1 Company Overview
7.6.2 SWOT Analysis
7.7 Vizimax Inc.
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Powerside
7.8.1 Company Overview
7.8.2 SWOT Analysis
7.9 ERLPhase Power Technologies Ltd.
7.9.1 Company Overview
7.9.2 SWOT Analysis

Companies Mentioned

  • Schweitzer Engineering Laboratories, Inc. (SEL)
  • Arbiter Systems, Inc.
  • Vizimax Inc.
  • Powerside
  • ERLPhase Power Technologies Ltd.
  • ABB Ltd.
  • Siemens AG
  • General Electric Company
  • NR Electric Co., Ltd. (NARI Technology Development Limited Co.)

Methodology

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