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Synchrophasor Market By Component: Global Opportunity Analysis and Industry Forecast, 2024-2033

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    Report

  • 300 Pages
  • June 2024
  • Region: Global
  • Allied Market Research
  • ID: 5994090
Description Jump to:
The synchrophasor market was valued at $0.6 billion in 2023 and is projected to reach $1.5 billion by 2033, growing at a CAGR of 9.6% from 2024 to 2033.

Synchrophasor is an advanced measurement equipment used to monitor and control electric power systems. It provides precise and synchronized measurement of current, voltage, phase angle, and frequency at different points within the power grid. The benefit of using synchrophasors over conventional measurement methods is that they offer instantaneous data collection, usually within microseconds. Some of the pivotal properties of synchrophasors include precision and real-time capabilities. These properties make them essential for grid monitoring, optimization, and control.

A pivotal factor driving the growth of the market is surge in expansion of transmission and distribution networks, along with rise in integration of renewable energy sources. The advancement of distribution networks necessitates robust monitoring systems, hence boosting the demand for synchrophasors. According to the International Energy Agency, renewables are projected to account for approximately 95% of rise in power capacity globally by 2026. This trend of renewable energy is increasing the requirement for synchrophasors for improved control over power systems.

However, interference and noise susceptibility of synchrophasor is expected to hamper the development of the market. In addition, concerns pertaining to data security pose significant challenges on the adoption of synchrophasors. For instance, in 2019, American Electric Reliability Corporation detected the availability of synchrophasor data over the internet, surging the concerns pertaining to unauthorized access and misuse of the pivotal information. On the contrary, the continuous efforts toward addressing the limitations of synchrophasors are an indicator of their promising future with lucrative opportunities. Improvements in grid visualization and timing of data executed from the device are anticipated to offer opportunities for maintaining the grid stability.

Segment Review

The global synchrophasor market is segmented into component, application, and region. On the basis of component, the market is bifurcated into hardware and software. By application, it is divided into fault analysis, state estimation, stability monitoring, power system control, operational monitoring, improve grid visualization, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of component, the software segment is expected to dominate during the forecast period.

By application, the power system control segment is projected to show the highest growth during the forecast period.

Region wise, Asia-Pacific is anticipated to be the highest revenue generator by 2033.

Competition Analysis

The major players operating in the global synchrophasor market are Schweitzer Engineering Laboratories Inc., ABB, Schneider Electric, Toshiba Corporation, Siemens AG, NR Electric Co. Ltd, General Electric, Vizimax, Wasion Group Holdings Ltd., and Arbiter Systems Inc. These players have adopted various key developmental strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the market.

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Key Market Segments

By Component

  • Hardware
  • Software

By Application

  • Fault Analysis
  • State Estimation
  • Stability Monitoring
  • Power System Control
  • Operational Monitoring
  • Improve Grid Visualization
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Thailand
  • Malaysia
  • Indonesia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE
  • Argentina
  • Rest of LAMEA
Key Market Players
  • Schweitzer Engineering Laboratories Inc.
  • ABB
  • Schneider Electric
  • Toshiba Corporation
  • Siemens AG
  • NR Electric Co. Ltd
  • General Electric
  • Vizimax
  • Wasion Group Holdings Ltd.
  • Arbiter Systems Inc.

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET LANDSCAPE
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Threat of New Entrants
3.3.3. Threat of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power among Buyers
3.5. Market Dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
CHAPTER 4: SYNCHROPHASOR MARKET, BY COMPONENT
4.1. Market Overview
4.1.1 Market Size and Forecast, By Component
4.2. Hardware
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, By Region
4.2.3. Market Share Analysis, By Country
4.3. Software
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, By Region
4.3.3. Market Share Analysis, By Country
CHAPTER 5: SYNCHROPHASOR MARKET, BY APPLICATION
5.1. Market Overview
5.1.1 Market Size and Forecast, By Application
5.2. Fault Analysis
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, By Region
5.2.3. Market Share Analysis, By Country
5.3. State Estimation
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, By Region
5.3.3. Market Share Analysis, By Country
5.4. Stability Monitoring
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast, By Region
5.4.3. Market Share Analysis, By Country
5.5. Power System Control
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast, By Region
5.5.3. Market Share Analysis, By Country
5.6. Operational Monitoring
5.6.1. Key Market Trends, Growth Factors and Opportunities
5.6.2. Market Size and Forecast, By Region
5.6.3. Market Share Analysis, By Country
5.7. Improve Grid Visualization
5.7.1. Key Market Trends, Growth Factors and Opportunities
5.7.2. Market Size and Forecast, By Region
5.7.3. Market Share Analysis, By Country
5.8. Others
5.8.1. Key Market Trends, Growth Factors and Opportunities
5.8.2. Market Size and Forecast, By Region
5.8.3. Market Share Analysis, By Country
CHAPTER 6: SYNCHROPHASOR MARKET, BY REGION
6.1. Market Overview
6.1.1 Market Size and Forecast, By Region
6.2. North America
6.2.1. Key Market Trends and Opportunities
6.2.2. Market Size and Forecast, By Component
6.2.3. Market Size and Forecast, By Application
6.2.4. Market Size and Forecast, By Country
6.2.5. U.S. Synchrophasor Market
6.2.5.1. Market Size and Forecast, By Component
6.2.5.2. Market Size and Forecast, By Application
6.2.6. Canada Synchrophasor Market
6.2.6.1. Market Size and Forecast, By Component
6.2.6.2. Market Size and Forecast, By Application
6.2.7. Mexico Synchrophasor Market
6.2.7.1. Market Size and Forecast, By Component
6.2.7.2. Market Size and Forecast, By Application
6.3. Europe
6.3.1. Key Market Trends and Opportunities
6.3.2. Market Size and Forecast, By Component
6.3.3. Market Size and Forecast, By Application
6.3.4. Market Size and Forecast, By Country
6.3.5. France Synchrophasor Market
6.3.5.1. Market Size and Forecast, By Component
6.3.5.2. Market Size and Forecast, By Application
6.3.6. Germany Synchrophasor Market
6.3.6.1. Market Size and Forecast, By Component
6.3.6.2. Market Size and Forecast, By Application
6.3.7. Italy Synchrophasor Market
6.3.7.1. Market Size and Forecast, By Component
6.3.7.2. Market Size and Forecast, By Application
6.3.8. Spain Synchrophasor Market
6.3.8.1. Market Size and Forecast, By Component
6.3.8.2. Market Size and Forecast, By Application
6.3.9. UK Synchrophasor Market
6.3.9.1. Market Size and Forecast, By Component
6.3.9.2. Market Size and Forecast, By Application
6.3.10. Russia Synchrophasor Market
6.3.10.1. Market Size and Forecast, By Component
6.3.10.2. Market Size and Forecast, By Application
6.3.11. Rest of Europe Synchrophasor Market
6.3.11.1. Market Size and Forecast, By Component
6.3.11.2. Market Size and Forecast, By Application
6.4. Asia-Pacific
6.4.1. Key Market Trends and Opportunities
6.4.2. Market Size and Forecast, By Component
6.4.3. Market Size and Forecast, By Application
6.4.4. Market Size and Forecast, By Country
6.4.5. China Synchrophasor Market
6.4.5.1. Market Size and Forecast, By Component
6.4.5.2. Market Size and Forecast, By Application
6.4.6. Japan Synchrophasor Market
6.4.6.1. Market Size and Forecast, By Component
6.4.6.2. Market Size and Forecast, By Application
6.4.7. India Synchrophasor Market
6.4.7.1. Market Size and Forecast, By Component
6.4.7.2. Market Size and Forecast, By Application
6.4.8. South Korea Synchrophasor Market
6.4.8.1. Market Size and Forecast, By Component
6.4.8.2. Market Size and Forecast, By Application
6.4.9. Australia Synchrophasor Market
6.4.9.1. Market Size and Forecast, By Component
6.4.9.2. Market Size and Forecast, By Application
6.4.10. Thailand Synchrophasor Market
6.4.10.1. Market Size and Forecast, By Component
6.4.10.2. Market Size and Forecast, By Application
6.4.11. Malaysia Synchrophasor Market
6.4.11.1. Market Size and Forecast, By Component
6.4.11.2. Market Size and Forecast, By Application
6.4.12. Indonesia Synchrophasor Market
6.4.12.1. Market Size and Forecast, By Component
6.4.12.2. Market Size and Forecast, By Application
6.4.13. Rest of Asia-Pacific Synchrophasor Market
6.4.13.1. Market Size and Forecast, By Component
6.4.13.2. Market Size and Forecast, By Application
6.5. LAMEA
6.5.1. Key Market Trends and Opportunities
6.5.2. Market Size and Forecast, By Component
6.5.3. Market Size and Forecast, By Application
6.5.4. Market Size and Forecast, By Country
6.5.5. Brazil Synchrophasor Market
6.5.5.1. Market Size and Forecast, By Component
6.5.5.2. Market Size and Forecast, By Application
6.5.6. South Africa Synchrophasor Market
6.5.6.1. Market Size and Forecast, By Component
6.5.6.2. Market Size and Forecast, By Application
6.5.7. Saudi Arabia Synchrophasor Market
6.5.7.1. Market Size and Forecast, By Component
6.5.7.2. Market Size and Forecast, By Application
6.5.8. UAE Synchrophasor Market
6.5.8.1. Market Size and Forecast, By Component
6.5.8.2. Market Size and Forecast, By Application
6.5.9. Argentina Synchrophasor Market
6.5.9.1. Market Size and Forecast, By Component
6.5.9.2. Market Size and Forecast, By Application
6.5.10. Rest of LAMEA Synchrophasor Market
6.5.10.1. Market Size and Forecast, By Component
6.5.10.2. Market Size and Forecast, By Application
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top Winning Strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top Player Positioning, 2023
CHAPTER 8: COMPANY PROFILES
8.1. Schweitzer Engineering Laboratories Inc.
8.1.1. Company Overview
8.1.2. Key Executives
8.1.3. Company Snapshot
8.1.4. Operating Business Segments
8.1.5. Product Portfolio
8.1.6. Business Performance
8.1.7. Key Strategic Moves and Developments
8.2. ABB
8.2.1. Company Overview
8.2.2. Key Executives
8.2.3. Company Snapshot
8.2.4. Operating Business Segments
8.2.5. Product Portfolio
8.2.6. Business Performance
8.2.7. Key Strategic Moves and Developments
8.3. Schneider Electric
8.3.1. Company Overview
8.3.2. Key Executives
8.3.3. Company Snapshot
8.3.4. Operating Business Segments
8.3.5. Product Portfolio
8.3.6. Business Performance
8.3.7. Key Strategic Moves and Developments
8.4. Toshiba Corporation
8.4.1. Company Overview
8.4.2. Key Executives
8.4.3. Company Snapshot
8.4.4. Operating Business Segments
8.4.5. Product Portfolio
8.4.6. Business Performance
8.4.7. Key Strategic Moves and Developments
8.5. Siemens AG
8.5.1. Company Overview
8.5.2. Key Executives
8.5.3. Company Snapshot
8.5.4. Operating Business Segments
8.5.5. Product Portfolio
8.5.6. Business Performance
8.5.7. Key Strategic Moves and Developments
8.6. NR Electric Co. Ltd
8.6.1. Company Overview
8.6.2. Key Executives
8.6.3. Company Snapshot
8.6.4. Operating Business Segments
8.6.5. Product Portfolio
8.6.6. Business Performance
8.6.7. Key Strategic Moves and Developments
8.7. General Electric
8.7.1. Company Overview
8.7.2. Key Executives
8.7.3. Company Snapshot
8.7.4. Operating Business Segments
8.7.5. Product Portfolio
8.7.6. Business Performance
8.7.7. Key Strategic Moves and Developments
8.8. Vizimax
8.8.1. Company Overview
8.8.2. Key Executives
8.8.3. Company Snapshot
8.8.4. Operating Business Segments
8.8.5. Product Portfolio
8.8.6. Business Performance
8.8.7. Key Strategic Moves and Developments
8.9. Wasion Group Holdings Ltd.
8.9.1. Company Overview
8.9.2. Key Executives
8.9.3. Company Snapshot
8.9.4. Operating Business Segments
8.9.5. Product Portfolio
8.9.6. Business Performance
8.9.7. Key Strategic Moves and Developments
8.10. Arbiter Systems Inc.
8.10.1. Company Overview
8.10.2. Key Executives
8.10.3. Company Snapshot
8.10.4. Operating Business Segments
8.10.5. Product Portfolio
8.10.6. Business Performance
8.10.7. Key Strategic Moves and Developments
LIST OF TABLES
Table 1. Global Synchrophasor Market, by Component, 2024 - 2033 ($Billion)
Table 2. Synchrophasor Market for Hardware, by Region, 2024 - 2033 ($Billion)
Table 3. Synchrophasor Market for Software, by Region, 2024 - 2033 ($Billion)
Table 4. Global Synchrophasor Market, by Application, 2024 - 2033 ($Billion)
Table 5. Synchrophasor Market for Fault Analysis, by Region, 2024 - 2033 ($Billion)
Table 6. Synchrophasor Market for State Estimation, by Region, 2024 - 2033 ($Billion)
Table 7. Synchrophasor Market for Stability Monitoring, by Region, 2024 - 2033 ($Billion)
Table 8. Synchrophasor Market for Power System Control, by Region, 2024 - 2033 ($Billion)
Table 9. Synchrophasor Market for Operational Monitoring, by Region, 2024 - 2033 ($Billion)
Table 10. Synchrophasor Market for Improve Grid Visualization, by Region, 2024 - 2033 ($Billion)
Table 11. Synchrophasor Market for Others, by Region, 2024 - 2033 ($Billion)
Table 12. Synchrophasor Market, by Region, 2024 - 2033 ($Billion)
Table 13. North America Synchrophasor, by Country, 2024 - 2033 ($Billion)
Table 14. North America Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 15. North America Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 16. U.S. Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 17. U.S. Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 18. Canada Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 19. Canada Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 20. Mexico Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 21. Mexico Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 22. Europe Synchrophasor, by Country, 2024 - 2033 ($Billion)
Table 23. Europe Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 24. Europe Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 25. France Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 26. France Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 27. Germany Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 28. Germany Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 29. Italy Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 30. Italy Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 31. Spain Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 32. Spain Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 33. UK Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 34. UK Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 35. Russia Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 36. Russia Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 37. Rest of Europe Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 38. Rest of Europe Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 39. Asia-Pacific Synchrophasor, by Country, 2024 - 2033 ($Billion)
Table 40. Asia-Pacific Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 41. Asia-Pacific Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 42. China Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 43. China Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 44. Japan Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 45. Japan Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 46. India Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 47. India Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 48. South Korea Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 49. South Korea Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 50. Australia Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 51. Australia Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 52. Thailand Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 53. Thailand Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 54. Malaysia Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 55. Malaysia Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 56. Indonesia Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 57. Indonesia Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 58. Rest of Asia-Pacific Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 59. Rest of Asia-Pacific Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 60. LAMEA Synchrophasor, by Country, 2024 - 2033 ($Billion)
Table 61. LAMEA Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 62. LAMEA Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 63. Brazil Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 64. Brazil Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 65. South Africa Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 66. South Africa Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 67. Saudi Arabia Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 68. Saudi Arabia Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 69. UAE Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 70. UAE Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 71. Argentina Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 72. Argentina Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 73. Rest of LAMEA Synchrophasor, by Component, 2024 - 2033 ($Billion)
Table 74. Rest of LAMEA Synchrophasor, by Application, 2024 - 2033 ($Billion)
Table 75. Schweitzer Engineering Laboratories Inc.: Key Executives
Table 76. Schweitzer Engineering Laboratories Inc.: Company Snapshot
Table 77. Schweitzer Engineering Laboratories Inc.: Operating Segments
Table 78. Schweitzer Engineering Laboratories Inc.: Product Portfolio
Table 79. Schweitzer Engineering Laboratories Inc.: Key Strategic Moves and Developments
Table 80. ABB: Key Executives
Table 81. ABB: Company Snapshot
Table 82. ABB: Operating Segments
Table 83. ABB: Product Portfolio
Table 84. ABB: Key Strategic Moves and Developments
Table 85. Schneider Electric: Key Executives
Table 86. Schneider Electric: Company Snapshot
Table 87. Schneider Electric: Operating Segments
Table 88. Schneider Electric: Product Portfolio
Table 89. Schneider Electric: Key Strategic Moves and Developments
Table 90. Toshiba Corporation: Key Executives
Table 91. Toshiba Corporation: Company Snapshot
Table 92. Toshiba Corporation: Operating Segments
Table 93. Toshiba Corporation: Product Portfolio
Table 94. Toshiba Corporation: Key Strategic Moves and Developments
Table 95. Siemens AG: Key Executives
Table 96. Siemens AG: Company Snapshot
Table 97. Siemens AG: Operating Segments
Table 98. Siemens AG: Product Portfolio
Table 99. Siemens AG: Key Strategic Moves and Developments
Table 100. Nr Electric Co. Ltd.: Key Executives
Table 101. Nr Electric Co. Ltd.: Company Snapshot
Table 102. Nr Electric Co. Ltd.: Operating Segments
Table 103. Nr Electric Co. Ltd.: Product Portfolio
Table 104. Nr Electric Co. Ltd.: Key Strategic Moves and Developments
Table 105. General Electric: Key Executives
Table 106. General Electric: Company Snapshot
Table 107. General Electric: Operating Segments
Table 108. General Electric: Product Portfolio
Table 109. General Electric: Key Strategic Moves and Developments
Table 110. Vizimax: Key Executives
Table 111. Vizimax: Company Snapshot
Table 112. Vizimax: Operating Segments
Table 113. Vizimax: Product Portfolio
Table 114. Vizimax: Key Strategic Moves and Developments
Table 115. Wasion Group Holdings Ltd.: Key Executives
Table 116. Wasion Group Holdings Ltd.: Company Snapshot
Table 117. Wasion Group Holdings Ltd.: Operating Segments
Table 118. Wasion Group Holdings Ltd.: Product Portfolio
Table 119. Wasion Group Holdings Ltd.: Key Strategic Moves and Developments
Table 120. Arbiter Systems Inc.: Key Executives
Table 121. Arbiter Systems Inc.: Company Snapshot
Table 122. Arbiter Systems Inc.: Operating Segments
Table 123. Arbiter Systems Inc.: Product Portfolio
Table 124. Arbiter Systems Inc.: Key Strategic Moves and Developments
LIST OF FIGURES
Figure 1. Global Synchrophasor Market Segmentation
Figure 2. Global Synchrophasor Market
Figure 3. Segmentation Synchrophasor Market
Figure 4. Top Investment Pocket in Synchrophasor Market
Figure 5. Moderate Bargaining Power of Buyers
Figure 6. Moderate Bargaining Power of Suppliers
Figure 7. Moderate Threat of New Entrants
Figure 8. Low Threat of Substitution
Figure 9. High Competitive Rivalry
Figure 10. Opportunities, Restraints and Drivers: Globalsynchrophasor Market
Figure 11. Global Synchrophasor Market Segmentation, by Component
Figure 12. Synchrophasor Market for Hardware, by Country, 2024 - 2033 ($Billion)
Figure 13. Synchrophasor Market for Software, by Country, 2024 - 2033 ($Billion)
Figure 14. Global Synchrophasor Market Segmentation, by Application
Figure 15. Synchrophasor Market for Fault Analysis, by Country, 2024 - 2033 ($Billion)
Figure 16. Synchrophasor Market for State Estimation, by Country, 2024 - 2033 ($Billion)
Figure 17. Synchrophasor Market for Stability Monitoring, by Country, 2024 - 2033 ($Billion)
Figure 18. Synchrophasor Market for Power System Control, by Country, 2024 - 2033 ($Billion)
Figure 19. Synchrophasor Market for Operational Monitoring, by Country, 2024 - 2033 ($Billion)
Figure 20. Synchrophasor Market for Improve Grid Visualization, by Country, 2024 - 2033 ($Billion)
Figure 21. Synchrophasor Market for Others, by Country, 2024 - 2033 ($Billion)
Figure 22. Top Winning Strategies, by Year, 2021-2023*
Figure 23. Top Winning Strategies, by Development, 2021-2023*
Figure 24. Top Winning Strategies, by Company, 2021-2023*
Figure 25. Product Mapping of Top 10 Players
Figure 26. Competitive Dashboard
Figure 27. Competitive Heatmap: Synchrophasor Market
Figure 28. Top Player Positioning, 2023
Figure 29. Schweitzer Engineering Laboratories Inc.: Net Sales, 2021-2023 ($Billion)
Figure 30. Schweitzer Engineering Laboratories Inc.: Revenue Share, by Segment, 2023 (%)
Figure 31. Schweitzer Engineering Laboratories Inc.: Revenue Share, by Region, 2023 (%)
Figure 32. ABB: Net Sales, 2021-2023 ($Billion)
Figure 33. ABB: Revenue Share, by Segment, 2023 (%)
Figure 34. ABB: Revenue Share, by Region, 2023 (%)
Figure 35. Schneider Electric: Net Sales, 2021-2023 ($Billion)
Figure 36. Schneider Electric: Revenue Share, by Segment, 2023 (%)
Figure 37. Schneider Electric: Revenue Share, by Region, 2023 (%)
Figure 38. Toshiba Corporation: Net Sales, 2021-2023 ($Billion)
Figure 39. Toshiba Corporation: Revenue Share, by Segment, 2023 (%)
Figure 40. Toshiba Corporation: Revenue Share, by Region, 2023 (%)
Figure 41. Siemens AG: Net Sales, 2021-2023 ($Billion)
Figure 42. Siemens AG: Revenue Share, by Segment, 2023 (%)
Figure 43. Siemens AG: Revenue Share, by Region, 2023 (%)
Figure 44. Nr Electric Co. Ltd.: Net Sales, 2021-2023 ($Billion)
Figure 45. Nr Electric Co. Ltd.: Revenue Share, by Segment, 2023 (%)
Figure 46. Nr Electric Co. Ltd.: Revenue Share, by Region, 2023 (%)
Figure 47. General Electric: Net Sales, 2021-2023 ($Billion)
Figure 48. General Electric: Revenue Share, by Segment, 2023 (%)
Figure 49. General Electric: Revenue Share, by Region, 2023 (%)
Figure 50. Vizimax: Net Sales, 2021-2023 ($Billion)
Figure 51. Vizimax: Revenue Share, by Segment, 2023 (%)
Figure 52. Vizimax: Revenue Share, by Region, 2023 (%)
Figure 53. Wasion Group Holdings Ltd.: Net Sales, 2021-2023 ($Billion)
Figure 54. Wasion Group Holdings Ltd.: Revenue Share, by Segment, 2023 (%)
Figure 55. Wasion Group Holdings Ltd.: Revenue Share, by Region, 2023 (%)
Figure 56. Arbiter Systems Inc.: Net Sales, 2021-2023 ($Billion)
Figure 57. Arbiter Systems Inc.: Revenue Share, by Segment, 2023 (%)
Figure 58. Arbiter Systems Inc.: Revenue Share, by Region, 2023 (%)

Companies Mentioned

Key Market Players in the Synchrophasor Market include:
  • Schweitzer Engineering Laboratories Inc.
  • ABB
  • Schneider Electric
  • Toshiba Corporation
  • Siemens AG
  • NR Electric Co. Ltd
  • General Electric
  • Vizimax
  • Wasion Group Holdings Ltd.
  • Arbiter Systems Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages300
PublishedJune 2024
Forecast Period2023 - 2033
Estimated Market Value ( USD ) in 2023 $ 0.6 billion
Forecasted Market Value ( USD ) by 2033 $ 1.5 billion
Compound Annual Growth Rate9.6%
Regions CoveredGlobal
No. of Companies Mentioned11

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