The Latin America, Middle East and Africa Synchrophasor Market is projected to witness market growth of 11.1% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Synchrophasor Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $19.9 million by 2031. Argentina market is registering a CAGR of 12.3% during (2024 - 2031). Additionally, The UAE market is projected to experience a CAGR of 10.4% during (2024 - 2031).
One of the primary applications of this is grid monitoring and stability assessment. By continuously monitoring voltage and frequency deviations across the grid, synchrophasors help operators identify and mitigate potential instabilities before they escalate into larger issues.
Moreover, it supports wide-area monitoring and control (WAMC), allowing operators to monitor grid conditions over large geographic areas in real-time. This capability is particularly beneficial in interconnected grids, where disturbances in one region can propagate and affect neighboring areas.
With increasing electricity capacity, the UAE’s power grid becomes more complex. Synchrophasors provide real-time voltage, frequency, and phase angle data for grid stability. As per the U.S. Energy Information Administration, total electricity capacity in the UAE grew by almost 10 gigawatts (GW) from 2012 to 2021. About 44% of this growth was in capacity derived from fossil fuels. The remainder of the growth in capacity in this period came from nuclear and solar energy sources.
The Brazil market dominated the LAMEA Synchrophasor Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $19.9 million by 2031. Argentina market is registering a CAGR of 12.3% during (2024 - 2031). Additionally, The UAE market is projected to experience a CAGR of 10.4% during (2024 - 2031).
One of the primary applications of this is grid monitoring and stability assessment. By continuously monitoring voltage and frequency deviations across the grid, synchrophasors help operators identify and mitigate potential instabilities before they escalate into larger issues.
Moreover, it supports wide-area monitoring and control (WAMC), allowing operators to monitor grid conditions over large geographic areas in real-time. This capability is particularly beneficial in interconnected grids, where disturbances in one region can propagate and affect neighboring areas.
With increasing electricity capacity, the UAE’s power grid becomes more complex. Synchrophasors provide real-time voltage, frequency, and phase angle data for grid stability. As per the U.S. Energy Information Administration, total electricity capacity in the UAE grew by almost 10 gigawatts (GW) from 2012 to 2021. About 44% of this growth was in capacity derived from fossil fuels. The remainder of the growth in capacity in this period came from nuclear and solar energy sources.
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
- Fault Analysis
- Stability Monitoring
- State Estimation
- Improve Grid Visualization
- Operational Monitoring
- Power System Control
- Others
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Synchrophasor Market by Component
Chapter 5. LAMEA Synchrophasor Market by Application
Chapter 6. LAMEA Synchrophasor Market by Country
Chapter 7. Company Profiles
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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