Synchrophasor Market Trends, Regional Overview, Leading Company Analysis, And Key Country Forecast To 2032

Pune, India: The global Synchrophasor market is brilliantly evaluated in the research study that explores vital aspects such as market competition, segmentation, revenue and production growth, and regional expansion. The authors of the report have provided a thorough assessment of the global Synchrophasor market on the basis of CAGR, sales, consumption, price, gross margin, and other significant factors. We have studied key players of the global Synchrophasor market, taking into account their recent developments, geographical market growth, footprint, market expansion, production, and areas served. Our key findings and recommendations have proven quite helpful for both established and new players in the global Synchrophasor market.

The global Synchrophasor market was valued at US$ 511 million in 2025 and is anticipated to reach US$ 2298 million by 2032, witnessing a CAGR of 24.3% during the forecast period 2026-2032.

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Schweitzer Engineering Laboratories, ABB, Siemens Energy and Beijing Sifang Automation captured the Top 4 revenue share spots in the Synchrophasor market in 2019.

Schweitzer Engineering Laboratories dominated with 16.19% revenue share, followed by ABB with 15.68%, Siemens Energy with 11.41% and Beijing Sifang Automation with 10.71%.

The primary and secondary resources we use are recognized by industry experts. Our unfailing, consistent research methodology and tools are authentic and reliable. The comprehensive report allows market participants such as stakeholders, investors, and companies to have a broader, wider, and deeper evaluation of the global Synchrophasor market. This enables them to cement a strong position and ensure lasting success in the global Synchrophasor market. We have segmented the global Synchrophasor market according to type of product, application, and geography. Each segment is analyzed in detail, considering their market shares, revenue growth, CAGR, and other important factors.

Market Key Drivers

One of the primary drivers of the Synchrophasor market is the growing complexity of modern power grids. The rapid integration of renewable energy sources such as wind and solar introduces variability and uncertainty, increasing the need for real-time, high-resolution grid monitoring to maintain stability and balance.

Another major growth driver is the increasing focus on grid reliability and outage prevention. Synchrophasor systems enable early detection of grid disturbances, oscillations, and faults, allowing operators to take corrective action before minor issues escalate into large-scale outages.

The expansion of smart grid initiatives worldwide is also fueling market growth. Governments and utilities are investing in digital grid technologies to improve efficiency, reduce losses, and support advanced applications such as wide-area monitoring, protection, and control.

In addition, rising investments in transmission infrastructure modernization are driving adoption. Aging power grids in many regions require upgrades to handle higher loads, interconnections, and evolving operational requirements, creating strong demand for synchrophasor-based monitoring solutions.

Competitive Landscape

Leading players of the global Synchrophasor market are analyzed taking into account their market share, recent developments, new product launches, partnerships, mergers or acquisitions, and markets served. We also provide an exhaustive analysis of their product portfolios to explore the products and applications they concentrate on when operating in the global Synchrophasor market. Furthermore, the report offers two separate market forecasts - one for the production side and another for the consumption side of the global Synchrophasor market. It also provides useful recommendations for new as well as established players of the global Synchrophasor market.

Key Players Mentioned in the Global Synchrophasor Market Research Report:

Schweitzer Engineering Laboratories
ABB
Beijing Sifang Automation Co. Ltd.
State Grid Corporation of China
Siemens Energy
NR Electric
GE Grid Solutions
Vizimax
Arbiter Systems

Market Segmentation

Our market analysts are experts in deeply segmenting the global Synchrophasor market and thoroughly evaluating the growth potential of each and every segment studied in the report. Right at the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the global Synchrophasor market, taking into consideration the market potential of different segments studied. It assists market participants to focus on high-growth areas of the global Synchrophasor market and plan powerful business tactics to secure a position of strength in the industry.

Segment by Type:

Type I
Type II

Segment by Application:

Power Station
Transforming Station
Others

Regional Insights

North America represents a leading market for synchrophasor technology, supported by early adoption, extensive transmission networks, and strong focus on grid modernization. Widespread deployment of PMUs and advanced grid analytics platforms continues to drive regional market growth.

Asia-Pacific is emerging as a high-growth regional market, driven by rapid expansion of power infrastructure, increasing renewable energy penetration, and large-scale grid development projects. Governments and utilities across the region are investing in advanced monitoring technologies to support reliable power delivery and economic growth.

Europe plays an important role in the global synchrophasor market, supported by cross-border power trading, integration of renewable energy, and stringent grid stability requirements. The region's emphasis on interconnected and resilient energy systems is driving demand for real-time monitoring solutions.

Latin America, the Middle East, and Africa are gradually expanding their adoption of synchrophasor technology as investments in transmission infrastructure, renewable energy, and grid reliability increase, creating long-term growth opportunities.

Market Trends & Dynamics

Several trends are shaping the evolution of the Synchrophasor market. One notable trend is the increasing integration of synchrophasor data with artificial intelligence and machine learning tools. These technologies enhance predictive analytics, anomaly detection, and automated decision support.

Another important dynamic is the growing emphasis on cybersecurity. As grid monitoring systems become more connected, protecting data integrity and system availability is a top priority, influencing product design and deployment strategies.

The market is also witnessing convergence between synchrophasor systems and broader digital grid platforms. Utilities are increasingly seeking unified solutions that combine real-time monitoring, historical analysis, and control capabilities within a single framework.

Interoperability and standardization are gaining importance, enabling utilities to integrate equipment from multiple vendors and future-proof their investments.

Five-Year Outlook for Investors, Researchers, and Manufacturers (2025-2031)

Looking ahead, the Synchrophasor market is expected to experience steady growth over the next five years as power grids worldwide evolve toward smarter, more resilient, and data-driven architectures. For investors, the market offers exposure to a critical enabler of grid modernization and renewable integration. For manufacturers, competitive success will depend on innovation, interoperability, cybersecurity, and strong utility partnerships. For researchers, opportunities remain significant in advanced analytics, real-time control, and next-generation grid intelligence.

As electricity networks become more complex and interconnected, synchrophasor technology is expected to remain a foundational element supporting grid stability, operational efficiency, and energy transition objectives through 2031.

What to expect in our report?

(1) A complete section of the Synchrophasor market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the global Synchrophasor market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the global Synchrophasor market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the global Synchrophasor market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Synchrophasor Market report.

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Table of Content

1 Synchrophasor Market Overview
1.1 Product Definition
1.2 Synchrophasor Market by Type
1.2.1 Global Synchrophasor Market Value by Type (2021-2032)
1.2.2 Type I
1.2.3 Type II
1.3 Synchrophasor by Application
1.3.1 Global Synchrophasor Market Value by Application (2021-2032)
1.3.2 Power Station
1.3.3 Transforming Station
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Synchrophasor Revenue (2021-2032)
1.4.2 Global Synchrophasor Sales (2021-2032)
1.4.3 Global Synchrophasor Market Average Price (2021-2032)
1.5 Assumptions and Limitations
1.6 Study Objectives
1.7 Years Considered
2 Key Insights
2.1 Key Emerging Trends
2.2 Key Developments - Mergers Acquisitions, New Product Launches, Collaborations, Partnerships and Joint Ventures
2.3 Latest Technological Advancements
2.4 Insights on Regulatory Scenarios
2.5 Porters Five Forces Analysis
3 Manufacturers Competitive Analysis
3.1 Global Synchrophasor Revenue by Manufacturer (2021-2026)
3.2 Global Synchrophasor Sales by Manufacturer (2021-2026)
3.3 Global Synchrophasor Average Price by Manufacturer (2021-2026)
3.4 Synchrophasor Company Evaluation Quadrant
3.5 Industry Rank
3.5.1 Global Key Players of Synchrophasor, Industry Ranking, 2024 VS 2025
3.5.2 Global Synchrophasor Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.5.3 Global Synchrophasor Market Concentration Rate
3.5.4 Global 5 and 10 Largest Synchrophasor Players Market Share by Revenue
3.6 Synchrophasor Market: Overall Company Footprint Analysis
3.6.1 Synchrophasor Market: Region Footprint
3.6.2 Synchrophasor Market: Company Product Type Footprint
3.6.3 Synchrophasor Market: Company Product Application Footprint
3.6.4 Global Key Manufacturers of Synchrophasor, Date of Enter into This Industry
3.7 Competitive Environment
3.7.1 Historical Structure of the Industry
3.7.2 Barriers of Market Entry
3.7.3 Factors of Competition
4 Manufacturers Profiles
4.1 Schweitzer Engineering Laboratories
4.1.1 Schweitzer Engineering Laboratories Synchrophasor Details
4.1.2 Schweitzer Engineering Laboratories Synchrophasor Product and Services
4.1.3 Schweitzer Engineering Laboratories Synchrophasor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.1.4 Schweitzer Engineering Laboratories Major Business
4.1.5 Schweitzer Engineering Laboratories Recent Developments/Updates
4.2 ABB
4.2.1 ABB Synchrophasor Details
4.2.2 ABB Synchrophasor Product and Services
4.2.3 ABB Synchrophasor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.2.4 ABB Major Business
4.2.5 ABB Recent Developments/Updates
4.3 Beijing Sifang Automation Co., Ltd.
4.3.1 Beijing Sifang Automation Co., Ltd. Synchrophasor Details
4.3.2 Beijing Sifang Automation Co., Ltd. Synchrophasor Product and Services
4.3.3 Beijing Sifang Automation Co., Ltd. Synchrophasor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.3.4 Beijing Sifang Automation Co., Ltd. Major Business
4.3.5 Beijing Sifang Automation Co., Ltd. Recent Developments/Updates
4.4 State Grid Corporation of China
4.4.1 State Grid Corporation of China Synchrophasor Details
4.4.2 State Grid Corporation of China Synchrophasor Product and Services
4.4.3 State Grid Corporation of China Synchrophasor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.4.4 State Grid Corporation of China Major Business
4.4.5 State Grid Corporation of China Recent Developments/Updates
4.5 Siemens Energy
4.5.1 Siemens Energy Synchrophasor Details
4.5.2 Siemens Energy Synchrophasor Product and Services
4.5.3 Siemens Energy Synchrophasor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.5.4 Siemens Energy Major Business
4.5.5 Siemens Energy Recent Developments/Updates
4.6 NR Electric
4.6.1 NR Electric Synchrophasor Details
4.6.2 NR Electric Synchrophasor Product and Services
4.6.3 NR Electric Synchrophasor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.6.4 NR Electric Major Business
4.6.5 NR Electric Recent Developments/Updates
4.7 GE Grid Solutions
4.7.1 GE Grid Solutions Synchrophasor Details
4.7.2 GE Grid Solutions Synchrophasor Product and Services
4.7.3 GE Grid Solutions Synchrophasor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.7.4 GE Grid Solutions Major Business
4.7.5 GE Grid Solutions Recent Developments/Updates
4.8 Vizimax
4.8.1 Vizimax Synchrophasor Details
4.8.2 Vizimax Synchrophasor Product and Services
4.8.3 Vizimax Synchrophasor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.8.4 Vizimax Major Business
4.8.5 Vizimax Recent Developments/Updates
4.9 Arbiter Systems
4.9.1 Arbiter Systems Synchrophasor Details
4.9.2 Arbiter Systems Synchrophasor Product and Services
4.9.3 Arbiter Systems Synchrophasor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
4.9.4 Arbiter Systems Major Business
4.9.5 Arbiter Systems Recent Developments/Updates
5 Consumption Analysis by Region
5.1 Global Synchrophasor Market Size by Region
5.1.1 Global Synchrophasor Consumption Value by Region: 2021 VS 2025 VS 2032
5.1.2 Global Synchrophasor Consumption Value by Region (2021-2026)
5.1.3 Global Synchrophasor Consumption Value by Region (2027-2032)
5.1.4 Global Synchrophasor Consumption Value Market Share by Region (2021-2032)
5.2 Global Synchrophasor Sales Quantity by Region
5.2.1 Global Synchrophasor Sales Quantity by Region: 2021 VS 2025 VS 2032
5.2.2 Global Synchrophasor Sales Quantity by Region (2021-2026)
5.2.3 Global Synchrophasor Sales Quantity by Region (2027-2032)
5.2.4 Global Synchrophasor Sales Quantity Market Share by Region (2021-2032)
5.3 Global Synchrophasor Average Price by Region
5.4 North America Synchrophasor Consumption Value (2021-2032)
5.5 Europe Synchrophasor Consumption Value (2021-2032)
5.6 Asia-Pacific Synchrophasor Consumption Value (2021-2032)
5.7 South America Synchrophasor Consumption Value (2021-2032)
5.8 Middle East & Africa Synchrophasor Consumption Value (2021-2032)
6 Market Scenario by Region & Country
6.1 Global Synchrophasor Consumption Value by Region & Country: 2021 VS 2025 VS 2032
6.2 Global Synchrophasor Consumption Value by Region & Country (2021-2032)
6.3 Global Synchrophasor Sales Quantity by Region & Country (2021-2032)
6.4 Global Synchrophasor Average Price by Region & Country (2021-2032)
6.5 North America Synchrophasor Market Facts & Figures by Country
6.5.1 North America Synchrophasor Consumption Value by Country: 2021 VS 2025 VS 2032
6.5.2 North America Synchrophasor Sales Quantity by Country (2021-2032)
6.5.3 North America Synchrophasor Consumption Value by Country (2021-2032)
6.5.4 U.S.
6.5.5 Canada
6.6 Europe Synchrophasor Market Facts & Figures by Country
6.6.1 Europe Synchrophasor Consumption Value by Country: 2021 VS 2025 VS 2032
6.6.2 Europe Synchrophasor Sales Quantity by Country (2021-2032)
6.6.3 Europe Synchrophasor Consumption Value by Country (2021-2032)
6.6.4 Germany
6.6.5 France
6.6.6 U.K.
6.6.7 Italy
6.6.8 Russia
6.7 Asia Pacific Synchrophasor Market Facts & Figures by Region
6.7.1 Asia Pacific Synchrophasor Market Size by Region: 2021 VS 2025 VS 2032
6.7.2 Asia Pacific Synchrophasor Sales Quantity by Region (2021-2032)
6.7.3 Asia Pacific Synchrophasor Consumption Value by Region (2021-2032)
6.7.4 China
6.7.5 Japan
6.7.6 South Korea
6.7.7 India
6.7.8 Australia
6.7.9 China Taiwan
6.7.10 Indonesia
6.7.11 Thailand
6.7.12 Malaysia
6.7.13 Philippines
6.8 South America Synchrophasor Market Facts & Figures by Country
6.8.1 South America Synchrophasor Market Size by Country: 2021 VS 2025 VS 2032
6.8.2 South America Synchrophasor Sales Quantity by Country (2021-2032)
6.8.3 South America Synchrophasor Consumption Value by Country
6.8.4 Mexico
6.8.5 Brazil
6.8.6 Argentina
6.9 Middle East and Africa Synchrophasor Market Facts & Figures by Country
6.9.1 Middle East and Africa Synchrophasor Market Size by Country: 2021 VS 2025 VS 2032
6.9.2 Middle East and Africa Synchrophasor Sales Quantity by Country (2021-2032)
6.9.3 Middle East and Africa Synchrophasor Consumption Value by Country
6.9.4 Turkey
6.9.5 Saudi Arabia
6.9.6 U.A.E
7 Segment by Type
7.1 Global Synchrophasor Sales Quantity by Type (2021-2032)
7.1.1 Global Synchrophasor Sales Quantity by Type (2021-2026)
7.1.2 Global Synchrophasor Sales Quantity by Type (2027-2032)
7.1.3 Global Synchrophasor Sales Quantity Market Share by Type (2021-2032)
7.2 Global Synchrophasor Revenue by Type (2021-2032)
7.2.1 Global Synchrophasor Revenue by Type (2021-2026)
7.2.2 Global Synchrophasor Revenue by Type (2027-2032)
7.2.3 Global Synchrophasor Revenue Market Share by Type (2021-2032)
7.3 Global Synchrophasor Price by Type (2021-2032)
8 Segment by Application
8.1 Global Synchrophasor Sales Quantity by Application (2021-2032)
8.1.1 Global Synchrophasor Sales Quantity by Application (2021-2026)
8.1.2 Global Synchrophasor Sales Quantity by Application (2027-2032)
8.1.3 Global Synchrophasor Sales Quantity Market Share by Application (2021-2032)
8.2 Global Synchrophasor Revenue by Application (2021-2032)
8.2.1 Global Synchrophasor Revenue by Application (2021-2026)
8.2.2 Global Synchrophasor Revenue by Application (2027-2032)
8.2.3 Global Synchrophasor Revenue Market Share by Application (2021-2032)
8.3 Global Synchrophasor Price by Application (2021-2032)
9 Industry Chain and Sales Channels Analysis
9.1 Synchrophasor Industry Chain Analysis
9.2 Synchrophasor Key Raw Materials
9.2.1 Key Raw Materials
9.2.2 Raw Materials Key Suppliers
9.3 Synchrophasor Production Mode & Process
9.4 Synchrophasor Sales and Marketing
9.4.1 Synchrophasor Sales Channels
9.4.2 Synchrophasor Distributors
9.5 Synchrophasor Customers
10 Research Findings and Conclusion
11 Appendix
11.1 Research Methodology
11.1.1 Methodology/Research Approach
11.1.1.1 Research Programs/Design
11.1.1.2 Market Size Estimation
11.1.1.3 Market Breakdown and Data Triangulation
11.1.2 Data Source
11.1.2.1 Secondary Sources
11.1.2.2 Primary Sources
11.2 Author Details
11.3 Disclaimer

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