Synchrophasors - Global Strategic Business Report

The global market for Synchrophasors is estimated at US$703.4 Million in 2023 and is projected to reach US$1.4 Billion by 2030, growing at a CAGR of 10.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

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.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Synchrophasor Hardware segment, which is expected to reach US$1.0 Billion by 2030 with a CAGR of a 10.2%. The Synchrophasor Software segment is also set to grow at 10.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $191.6 Million in 2023, and China, forecasted to grow at an impressive 14.1% 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 2023 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 major players such as ABB Ltd, Arbiter Systems, Inc., AXON Group Ltda, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 34 Featured):

• 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.;