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Global Synchrophasors Market 2017-2021

Global Synchrophasors Market 2017-2021

About Synchrophasors

Phasor measurement units (PMUs) collect data, which is a measure of grid health, and transmit it to phasor data concentrator (PDC) devices to identify anomalies, if any, in the grid system. Data such as phase angle, power flow, frequency changes are measured across several points of the power system and are transmitted in real-time to help improve the overall system operation.

Technavio’s analysts forecast the global synchrophasors market to grow at a CAGR of 14.58% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global synchrophasors market for 2017-2021. To calculate the market size, the report considers new installations of hardware components such as PDC, PMUs, and the software required for data management and excludes the network infrastructure and aftermarket.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Synchrophasors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Arbiter Systems
  • General Electric
  • Schweitzer Engineering Laboratories
Other prominent vendors
  • BEIJING SIFANG AUTOMATION
  • Comverge (part of Itron)
  • Doble Engineering Company
  • Electric Power Group
  • ERLPhase Power Technologies
  • Green Mountain Power
  • Intel
  • Macrodyne
  • Power Sensors
  • PowerWorld
  • Quanta Technology
  • Schneider Electric
  • Siemens
Market driver
  • Increasing need for reducing grid outages
  • For a full, detailed list, view our report
Market challenge
  • High cost of communication system installation
  • For a full, detailed list, view our report
Market trend
  • Growing smart grid data management market
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Synchrophasors Market 2017-2021

Technavio recognizes the following companies as the key players in the global synchrophasors market: ABB, Arbiter Systems, General Electric, and Schweitzer Engineering Laboratories.

Other Prominent Vendors in the market are: BEIJING SIFANG AUTOMATION, Comverge (part of Itron), Doble Engineering Company, Electric Power Group, ERLPhase Power Technologies, Green Mountain Power, Intel, Macrodyne, Power Sensors, PowerWorld, Quanta Technology, Schneider Electric, and Siemens.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing smart grid data management market. Globally the power grid is transitioning to smart grid by the use of several sensors and devices for sensing, collecting, and analyzing the operation of the grid. This transition is driven by the need to improve the grid efficiency, and managing the aging assets in the field, while also exceeding the customer expectation in terms of service and power supply reliability.”

According to the report, one driver in the market is increasing need for reducing grid outages. The aging infrastructure, the rise in population, and an increased demand on power resources have increased the strain on the infrastructure causing power outages. The exhibit below represents the year-over-year analysis of the number of outages in the US between 2009-2016 caused by inclement weather, equipment failure, maintenance shutdown, load-shedding, vandalism, and cyber-attacks.

Further, the report states that one challenge in the market is high cost of communication system installation. Synchrophasor technology provides a real-time situational awareness and control of the grid system. It can help utilities identify and locate disturbances across the grid network and is not geographically limited thus helping in making the grid resilient. The data collected by PMUs is timestamped using GPS signal, and the data is then sent to the PDC devices.



Companies Mentioned

ABB, Arbiter Systems, General Electric, Schweitzer Engineering Laboratories, BEIJING SIFANG AUTOMATION, Comverge (part of Itron), Doble Engineering Company, Electric Power Group, ERLPhase Power Technologies, Green Mountain Power, Intel, Macrodyne, Power Sensors, PowerWorld, Quanta Technology, Schneider Electric, and Siemens.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
    • Technology Overview
      • Table Synchrophasor communication
    • Advanced applications of synchrophasors
  • Market landscape
    • Market overview
      • Table Global synchrophasors market overview
    • Market size and forecast
      • Table Global synchrophasors market 2016-2021 ($ millions)
      • Table Components of a synchrophasor system
      • Table ARRA synchrophasors funding source, 2009-2015
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Global synchrophasor market by technology
      • Table Global synchrophasors market by technology 2016 and 2021 (%)
      • Table Global synchrophasors market by technology 2016-2021 ($ millions)
    • Global synchrophasor market by hardware components
      • Table Global synchrophasors market by hardware components 2016-2021 ($ millions)
      • Table PMU communication path
    • Global synchrophasors market by software systems
      • Table Global synchrophasors market by software systems 2016-2021 ($ millions)
  • Geographical segmentation
    • Global synchrophasor market by geography
      • Table Global synchrophasors market by geography 2016 and 2021 (%)
      • Table Global synchrophasors market by geography 2016-2021 ($ millions)
    • Synchrophasors market in Americas
      • Table Synchrophasors market in the Americas 2016-2021 ($ millions)
    • Synchrophasors market in APAC
      • Table Synchrophasors market in APAC 2016-2021 ($ millions)
    • Synchrophasors market in EMEA
      • Table Synchrophasors market in EMEA 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Number of outages in the US 2009-2016
      • Table Global renewable energy annual installed capacity 2011-2016 (GW)
    • Market challenges
      • Table Synchrophasor system investment needs
  • Market trends
    • Increasing smart grid investments
      • Table Public R&D energy investment* 2000, 2010, and 2015 ($ billions) * IEA member countries 2016
    • Growing smart grid data management market
      • Table Smart grid data volume growth in a typical utility (Terra bytes)
    • Changing power grid structure
      • Table Traditional power grid
      • Table Transformed grid
  • Vendor landscape
    • Competitive Scenario
    • Other prominent vendors
      • Table Other prominent vendors (indicative list)
  • Key vendor analysis
    • ABB
    • Arbiter Systems
      • Table Arbiter Systems: Synchrophasor product portfolio
    • General Electric
      • Table General Electric: Synchrophasor product offerings
    • Schweitzer Engineering Laboratories
      • Table Schweitzer Engineering Laboratories: Business segmentation
      • Table Schweitzer Engineering Laboratories: Synchrophasor product offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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