Press release
Synchrophasor Market: Understanding the Key Product Segments and their Future 2031
Synchrophasor Market Forecast and CAGRAccording to latest research by Persistence Market Research, Synchrophasor market is set to witness exceptional growth between 8% and 10% during 2021-2031. Advancements in communication technologies, alongside advancing automation and monitoring systems are anticipated to have a positive impact on the market.
What is Driving Demand for Synchrophasor?
Phasor measurement units (PMUs) collect data, which gives information regarding grid performance, and transmit it to phasor data concentrator (PDC) devices to identify anomalies, if any, in the grid system
GET A CUSTOMIZED SCOPE TO MATCH YOUR NEED ASK AN EXPERT - https://www.persistencemarketresearch.com/ask-an-expert/32502
The aging grid framework, the rise in domestic and commercial energy consumption rates, industrialization and development of civic infrastructure and an increased demand on power resources have created strain on the framework causing power blackouts, owing to which government organizations and end users are extensively adopting smart grids and this factor is considered to have optimistic results on the market.
For instance according to US. Energy Department currently U.S has 9,200 electric generating units with more than 1 million megawatts of generating capacity connected to more than 300,000 miles of transmission lines, with such numbers smart grids are critical for the power systems.
Increasing custom electric powers systems have proved to be beneficial for the market. Increasing complexity and efficiency concerns has increased the demand for monitoring systems and therefore Synchrophasor has emerged as best option for the above application. Additionally its benefits over conventional methods will further uplift the market.
Renewable Energy Industry to boost Synchrophasor Sales
The rapid adoption of renewable energy has further complicated things for the power system and made power grids vulnerable than ever and demand for Synchrophasor have been consistently increasing for monitoring purposes in the power grid systems.
Although Covid-19 pandemic slightly affected the market due to closure of and shutdown of industrial sector, however the market is forecast to get on track in next few quarters.
FOR ENTIRE LIST OF MARKET PLAYERS, REQUEST FOR TOC HERE - https://www.persistencemarketresearch.com/toc/32502
North America Market Outlook
Demand for Synchrophasor in US and Canada will be led by Energy sector.
Government is enrolling schemes and promoting inter industry collaboration to encourage use of Synchrophasor technology, like North American Synchrophasor Initiative (NASPI), which is a collaboration between electric industry, the North American Electric Reliability Corporation (NERC), and the U.S. Department of Energy (DOE) to advance the use of synchrophasor technology to enhance grid reliability and economics through high-speed, wide-area measurement, monitoring, and control.
Europe Demand Scenario Overview
European Commission is by far most active organization keen to reduce its carbon footprint, owing to which this organization is regulating and implementing norms to reduce carbon footprint across all industries.
As of March 1, 2021, the European Energy Label Regulation 2019/2018 came into force for professional equipment. The purpose of the European Union is to reduce the environmental impact in terms of energy consumption by encouraging and promoting the sale of more efficient and sustainable products, which expected to be optimistic factor for the market.
Also integration of renewable energy sources in smart grids is expected to drive the market in the region. This integration decrease the carbon footprint generated from electric power frameworks, thus improving the overall efficiency of smart grid platforms and decreasing the reliance on non-renewable control source.
GAIN COMPLETE ACCESS TO THE REPORT PRE-BOOK HERE - https://www.persistencemarketresearch.com/checkout/32502
Who are the Key Manufacturers and Suppliers of Synchrophasor?
Some of the leading manufacturers and suppliers of Synchrophasor include
Schneider Electric
Siemens
Toshiba Corporation
General Electric
ABB Ltd
Schweitzer Engineering Laboratories Inc.
Powerside
Arbiter Systems
Macrodyne
Others
Many leading manufacturers are indeed a smart grid infrastructure and large scale power system manufactures and have agreements with governments, like Siemens.
Explore PMR's Extensive Coverage on Industrial Automation Domain -
Laser Warning System Market
The global laser warning system market has been valued at around US$ 452 Mn in 2018 and will reportedly expand at a CAGR of 5.8% through 2028, as suggested by PMR's study: https://www.persistencemarketresearch.com/market-research/laser-warning-system-market.asp
Shipping Containers Market
The rising number of manufacturing units would result in significant rise in demand for containers and improving transportation services are boosting growth of the container shipping market: https://www.persistencemarketresearch.com/market-research/container-shipping-market.asp
Platform Screen Doors Market
The platform screen doors market is estimated to be valued at ~ US$ 861.1 Mn in 2019. Market gains are further upheld by governmental schemes that reinforce deployment of platform screen doors in the largest possible numbers: https://www.persistencemarketresearch.com/market-research/platform-screen-doors-market.asp
Industrial Gloves Market
Global Industrial Gloves Market - check share, size, revenue, valuation, CAGR, regional outlook, key players, competitive landscape, top manufacturers & forecast: https://www.persistencemarketresearch.com/market-research/industrial-gloves-market.asp
Contact us:
Persistence Market Research
305 Broadway, 7th Floor,
New York City, NY 10007
United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Web- https://www.persistencemarketresearch.com
About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Synchrophasor Market: Understanding the Key Product Segments and their Future 2031 here
News-ID: 2628150 • Views: …
More Releases from Persistence Market Research

Global Automotive Active Health Monitoring Systems Market Expected to Surge from …
The Automotive Active Health Monitoring Systems Market is poised for significant growth over the forecast period of 2025 to 2032. This market is projected to expand from USD 683.9 million in 2025 to USD 2,338.3 million by 2032, registering a robust CAGR of 19.20%. Automotive active health monitoring systems are designed to track the real-time status of vehicles, enabling predictive maintenance, reducing downtime, and enhancing overall vehicle safety. With growing…

Primary Packaging Labels Market to Reach US$12.2 Bn by 2031 with Steady Growth a …
➤Overview of the Market
The global primary packaging labels market is a crucial segment of the packaging industry, enabling product identification, regulatory compliance, and brand differentiation. Primary labels are applied directly on product packaging, such as bottles, vials, boxes, and pouches, serving both functional and promotional roles. As consumer awareness of product authenticity and safety continues to rise, demand for innovative labeling solutions is expanding. Moreover, stringent regulatory frameworks in industries…

Shelf Stable Packaging Market to Reach US$10.7 Bn by 2031 with Steady Growth at …
➤Overview of the Market
The shelf stable packaging market plays a critical role in extending the shelf life of food and beverages without the need for refrigeration, ensuring product safety, convenience, and affordability. These packaging solutions-spanning cartons, pouches, cans, and plastic containers-are widely used in ready-to-eat meals, dairy alternatives, sauces, soups, and beverages. Growth in the market is closely linked to evolving consumer lifestyles, increasing urbanization, and demand for long-lasting packaged…

Print Label Market to Reach US$68.6 Bn by 2031 with Steady Growth at 4.3% CAGR - …
➤Overview of the Market
The global print label market is poised for substantial expansion, driven by increasing demand across industries such as food & beverages, pharmaceuticals, cosmetics, and logistics. Labels play a crucial role in brand identity, product differentiation, and regulatory compliance. In addition to providing essential information like product ingredients, expiration dates, and barcodes, printed labels serve as key marketing tools that influence consumer purchase decisions. With the rapid rise…
More Releases for Synchrophasor
Malaysia Synchrophasor Market Report 2023, Trends, Competitive Landscape And Opp …
New Jersey, USA- According to Market Research conducted by industry experts, the Global Malaysia Synchrophasor Market product is expected to experience significant growth over the forecast period of 2023-2030. This growth can be attributed to several factors, including increasing demand from emerging economies and technological advancements in the industry. The market is also expected to witness a shift towards sustainable and eco-friendly products, which is expected to further drive growth.…
Synchrophasor Market Size, Competitive Landscape, Regional Outlook and COVID-19 …
The Synchrophasor market was valued at XX Million US$ in 2018 and is projected to reach XX Million US$ by 2024, at a CAGR of XX% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2024 as the forecast period to estimate the market size for Synchrophasor.
Global Synchrophasor industry market professional research 2014-2024, is a report which provides the details about…
Global Synchrophasor Market 2019 to Witness Excellent Long-Term Growth Outlook
Market Study Report provides 'Global Synchrophasor , 2019 Market Report', which is a professional and in-depth study on the current state of the Synchrophasor market.
The recent research report on the global Synchrophasor market presents the latest industry data and future trends, allowing you to recognize the products and end users driving Revenue growth and profitability of the market.
The report offers an extensive analysis of key drivers, leading market players,…
Synchrophasor Market to Witness Robust Expansion by 2023
New report published by Market Research Report Store (MRRS) which offers insights on the global Synchrophasor market.
Synchrophasors use phasor measurement units (PMUs) as monitoring devices that measure current, instantaneous voltage, and frequency at specific locations on an electric grid. This provides the operators with a real-time picture of the grid system helping them to make decisions to prevent power outage.
Click to view the full report TOC, figure and tables:
https://www.marketresearchreportstore.com/reports/58863/global-synchrophasors-market
Global Synchrophasor…
Worldwide Synchrophasor Market Production, Sales, Future Trends and Forecasts 20 …
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…
Synchrophasor Sales Market Size, Share, Trends, History, Gross Margin and Foreca …
ReportBazzar has released its latest research-based report entitled “Synchrophasor Sales” market.' This comprehensive report provides a holistic approach to the market growth with a detailed and precise analysis of the overall competitive scenario of the “Synchrophasor Sales” market worldwide along with the key trends and latest technologies, playing a prominent role in the Synchrophasor Sales market growth over the next eight years.
It also takes into account the market trends,…