Synchrophasors Market in the US 2015
Synchrophasor is a technology that is used by utilities to implement smart grid at the transmission level; it is a precise, smart grid measurement technology that takes measurements at a high rate compared to conventional technology like SCADA. It provides the status of the grid in real time to grid operators and ensures that the system is functioning at a reliable level and plan for the future developments. Synchrophasor enhances the grid by displaying the measurements in dashboards and provides visualisation of the grid, so that any stress can be detected or anticipate any situations that could lead to a power outage.
Technavio’s analysts forecast the synchrophasors market in the US to grow at a CAGR of 28.45% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the synchrophasors market in the US for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales and number of synchrophasors units installed.
Technavio’s report, Synchrophasors Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the US market, and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Synchrophasors Market in the US 2015-2019
Technavio recognizes the following companies as the key players in the Synchrophasors Market in the US: ABB, AEG, Alstom grid, Arbiter systems, Schweitzer engineering laboratories and Siemens energy
Other Prominent Vendors in the market are: Comverge, ERLPhase Power Technologies, Green Mountain Power, Macrodyne, and Utility Systems.
Commenting on the report, an analyst from Technavio’s team said: “As a consequence of the increased use of synchrophasor technology, more applications are being explored through the implementation pilot projects. If the pilot projects are successful, the prototype application can be rolled out for widespread adoption. Examples of some successful pilot projects that have been rolled out thus far include phase balancing using three-phase measurements and locating faults in power distribution systems.”
According to the report, the grid initially used some basic technologies, but over the years there has been an increase in the load on the infrastructure. Coupled with an aging infrastructure this has led to the grid becoming prone to sudden outages causing blackouts. This is leading to the modernization of the grid.
Further, the report states that aging infrastructure requires that PMUs are compatible with older devices but they also have to be able to meet the evolving standards, which is causing interoperability issues."
ABB, AEG, Alstom grid, Arbiter systems, Schweitzer engineering laboratories, Siemens energy, Comverge, ERLPhase Power Technologies, Green Mountain Power, Macrodyne, Utility Systems.
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