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Global Synchrophasor Market is Booming with Market Strategies Adopted By Key Players like ABB ,GE Grid Solutions, Siemens Energy, State Grid Corporation of China, Beijing Sifang Automation.

03-13-2019 07:49 AM CET | Energy & Environment

Press release from: Research report hub

Global Synchrophasor Market is Booming with Market Strategies

A synchrophasor is a time-synchronized measurement of a quantity described by a phasor. Like a vector, a phasor has magnitude and phase information. Devices called phasor measurement units (PMU) measure voltage and current and with these measurements calculate parameters such as frequency and phase angle. It provides real-time data of the grid system to operators, helping them make decisions to prevent any power outage. The measurements obtained from synchrophasor are used to improve grid visualization, operational monitoring, power system control, stability monitoring, state estimation, and fault analysis. Each measurement taken by a synchrophasor is time-stamped according to a common time reference. This enables synchrophasor from different utilities to be combined and synchronized, which presents a comprehensive view of a regional interconnection.

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Scope of the Report:

ABB, GE Grid Solutions and Siemens Energy captured the top three revenue share spots in the Synchrophasor market in 2016. ABB dominated with 19.77 % revenue share, followed by GE Grid Solutions with 17.39% revenue share and Siemens Energy with 13.84% revenue share.

In the next five years, the global consumption volume of Synchrophasor will show upwards tendency further, consumption volume is expected in 2022 will be 4521 Units. Especially, in some emergence countries, such as India and Brazil among others, the synchrophasor installation capacity will present an upwards growth rate in the future, because of the national policy and the PMUs’ advantage than SCADA. The global average selling price will be around 74596 $/Unit in 2022.

The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.

Despite the presence of competition problems and the high entry, due to the global recovery trend is slightly, investor are still optimistic about this area; the future will still have more new investment enter the field.

The worldwide market for Synchrophasor is expected to grow at a CAGR of roughly 24.3% over the next five years, will reach 280 million US$ in 2024, from 96 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Synchrophasor in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Market Segment by Manufacturers, this report covers
ABB
GE Grid Solutions
Siemens Energy
State Grid Corporation of China
Beijing Sifang Automation
Schweitzer Engineering Laboratories
NR Electric
Arbiter Systems
Vizimax
Macrodyne

.....

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Table of Contents

1 Market Overview
1.1 Synchrophasor Introduction
1.2 Market Analysis by Type
1.2.1 Synchrophasor
1.2.2 Type II
1.3 Market Analysis by Applications
1.3.1 Power Station
1.3.2 Transforming Station
1.3.3 Others
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook (2014-2024)
1.4.1.2 Canada Market States and Outlook (2014-2024)
1.4.1.3 Mexico Market States and Outlook (2014-2024)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook (2014-2024)
1.4.2.2 France Market States and Outlook (2014-2024)
1.4.2.3 UK Market States and Outlook (2014-2024)
1.4.2.4 Russia Market States and Outlook (2014-2024)
1.4.2.5 Italy Market States and Outlook (2014-2024)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook (2014-2024)
1.4.3.2 Japan Market States and Outlook (2014-2024)
1.4.3.3 Korea Market States and Outlook (2014-2024)
1.4.3.4 India Market States and Outlook (2014-2024)
1.4.3.5 Southeast Asia Market States and Outlook (2014-2024)
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook (2014-2024)
1.4.4.2 Egypt Market States and Outlook (2014-2024)
1.4.4.3 Saudi Arabia Market States and Outlook (2014-2024)
1.4.4.4 South Africa Market States and Outlook (2014-2024)
1.4.4.5 Turkey Market States and Outlook (2014-2024)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
2.1 ABB
2.1.1 Business Overview
2.1.2 Synchrophasor Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 ABB Synchrophasor Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)
2.2 GE Grid Solutions
2.2.1 Business Overview
2.2.2 Synchrophasor Type and Applications
2.2.2.1 Product A
2.2.2.2 Product B
2.2.3 GE Grid Solutions Synchrophasor Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)
2.3 Siemens Energy
2.3.1 Business Overview
2.3.2 Synchrophasor Type and Applications
2.3.2.1 Product A
2.3.2.2 Product B
2.3.3 Siemens Energy Synchrophasor Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)
2.4 State Grid Corporation of China
2.4.1 Business Overview
2.4.2 Synchrophasor Type and Applications
2.4.2.1 Product A
2.4.2.2 Product B
2.4.3 State Grid Corporation of China Synchrophasor Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)

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