openPR Logo
Press release

Synchrophasors Market - Global Industry Analysis 2020

01-05-2017 03:07 PM CET | IT, New Media & Software

Press release from: Transparency Market Research

Integration of synchrophasor measurement in multi-function recorders and protective relays and increasing investments in modernization of the power grid is expected to boost the global demand for synchrophasors market. Synchrophasor is a device which measures values such as voltage and power from phasor measurement units (PMUs). The measurements are taken at high speed and time-stamped as per the common time reference. It allows synchrophasors from different utilities to be synchronized. This provides a detailed operational overview of the entire interconnection. It helps the grid operators to detect disturbances across the grid.

The measurements obtained by the synchrophasors are used for fault analysis, state estimation, stability monitoring, power system control, operational monitoring, and improve grid visualization. The integration of synchrophasor devices is one of the key factors in updating high voltage substations into centers of real-time information. The increasing demand for substation automation on account of the rise in adoption of smart grid technologies is anticipated to augment the global demand for synchrophasors. The synchrophasor along with communication networks and distribution feeder automation are an integral part of substation automation. This allows faster real-time information and with more reliability.

Get Free PDF Brochure for more Professional and Technical Insights: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2651

The global market for synchrophasors can be fragmented on the basis of application and geography. On the basis of applications, the global market for synchrophasors can be segmented as wide-area situational awareness, voltage monitoring and trending, state estimation, resource integration, power oscillation monitoring, and outage restoration. The market on the basis of application of synchrophasors is also segmented as operations planning, frequency stability monitoring, alarming and setting system operating limits, event detection, dynamic line ratings and congestion management.

The primary demand for the synchrophasors is driven by their ability to determine the phase relationship between phase quantities at any location of the power system. Additionally, the escalating power demand and application of synchrophasors in smart grids is expected to boost the demand for this market.

The requirement of high initial investment and a lack of clear roadmap of technology deployment can hamper the growth of synchrophasors market. The Asia Pacific region is expected to be an opportunity area for synchrophasors on account of increasing smart grid activity. China is expected to contribute the most to the growth of synchrophasors market. Under synchrophasor initiatives in India, the pilot projects are deployed across the country. The pilot projects shall allow identifying the challenges that may result prior to the deployment of phasor measurement units in the country. North America is expected to drive the demand for synchrophasors worldwide in the foreseeable future. The demand in this region is driven by the lucrative policies and investment in research and development of new synchrophasor data analysis tools, and grants by the government under the North American SynchroPhasor Initiative (NASPI).

Europe is expected to register moderate growth in the foreseeable future. The demand in this region is driven by the need to transmission networks both in terms of capacity and stability. The deployment of synchrophasors is likely to increase the observability of the power system and gain an awareness of the stability situation throughout the whole power network.

Some of the key players in the synchrophasors market include XJ Electric Co. Ltd, Wasion Group Holdings Limited, Toshiba Corporation, Siemens AG, Schweitzer Engineering Laboratories, Schneider Electric, General Electric Company, Arbiter Systems, Alstom, and ABB among others.

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

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 Synchrophasors Market - Global Industry Analysis 2020 here

News-ID: 406751 • Views: 345

More Releases from Transparency Market Research

Blood Transfusion Devices Market Insights and Emerging Trends by 2031
The products and solutions offered by the manufacturers and players functional within the global blood transfusion devices market are used by various end users in the healthcare and medical industries, such as hospitals, blood banks, and ambulatory surgical centers, among others. Few of the key products and solutions offered by the manufacturers and players operational in the global blood transfusion devices market include blood mixer, blood component separator, pathogen reduction
Clinical Decision Support System Market to Reach US$ 2.3 Billion By 2031 With CA …
The global clinical decision support system market is rising with rule based expert system, funding from societies for improving point of care, and increasing primary healthcare support across the globe is expected to drive the growth of market. Read Report Overview - https://www.transparencymarketresearch.com/clinical-decision-support-system-market.html The global clinical decision support system market was valued over US$ 523.8 Mn in 2016 and is projected to witness cumulative annual growth rate (CAGR) of over 11% from
Healthcare ERP Market Size is Expected to Reach US$ 9.6 Billion and Growing at 6 …
Healthcare ERP Market: Introduction According to the report, the global healthcare ERP market was valued at US$ 4.8 Bn in 2020 and is projected to expand at a CAGR of 6.5% from 2021 to 2031. Enterprise resource planning (ERP) systems and associated technologies have gained considerable traction across diverse industries in the past couple of decades, beginning with the manufacturing sector. The promise of several gains accrued from the deployment of
Dental Equipment Market to Expand at a CAGR of 3.3% from 2021 to 2028
Dental Equipment Market Outlook 2028 • The global dental equipment market was valued at US$ 6.6 Bn in 2020 • It is estimated to expand at a CAGR of 3.3% from 2021 to 2028 • The global dental equipment market is expected to reach the value of US$ 8 Bn by the end of 2028 Report Overview: https://www.transparencymarketresearch.com/dental-devices-market.html Advancements in Technology in Dental Care Treatment Boost Market Growth The changing lifestyles of the masses have been a major cause

All 5 Releases