Press release
Global Synchrophasors Market to grow at a CAGR of 14.58% during the period 2017-2021
The objective of this report is to define, describe, and forecast the market on the basis of type, application, medical condition, and region. It provides detailed information regarding the major factors influencing the growth of the market. This report also tracks and analyzes competitive developments of the key players in terms of market developments, product portfolios, and financials.
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About Synchrophasors
Phasor measurement units (PMUs) collect data, which is a measure of grid health, and transmit it to phasor data concentrator (PDC) devices to identify anomalies, if any, in the grid system. Data such as phase angle, power flow, frequency changes are measured across several points of the power system and are transmitted in real-time to help improve the overall system operation.
Technavios analysts forecast the global synchrophasors market to grow at a CAGR of 14.58% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global synchrophasors market for 2017-2021. To calculate the market size, the report considers new installations of hardware components such as PDC, PMUs, and the software required for data management and excludes the network infrastructure and aftermarket.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Synchrophasors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
ABB
Arbiter Systems
General Electric
Schweitzer Engineering Laboratories
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Other prominent vendors
BEIJING SIFANG AUTOMATION
Comverge (part of Itron)
Doble Engineering Company
Electric Power Group
ERLPhase Power Technologies
Green Mountain Power
Intel
Macrodyne
Power Sensors
PowerWorld
Quanta Technology
Schneider Electric
Siemens
Market driver
Increasing need for reducing grid outages
For a full, detailed list, view our report
Market challenge
High cost of communication system installation
For a full, detailed list, view our report
Market trend
Growing smart grid data management market
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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