Global Synchrophasor Market 2024-2028

Description

List of Tables

The synchrophasor market is forecasted to grow by USD 177.94 mn during 2023-2028, accelerating at a CAGR of 11% during the forecast period. The report on the synchrophasor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing need for reducing grid outages, rise in installed capacity of renewable energy, and government support to enhance grid reliability.

Technavio's synchrophasor market is segmented as below:

Market Scope
Base Year	2022
End Year	2027
Series Year	2023-2027
Growth Momentum	Accelerate
YOY 2023	8.33%
CAGR	11%
Incremental Value	$177.94mn

By Application

Power station
Transforming station
Others

By Component

Hardware
Software

By Geographical Landscape

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the increasing benefits and advancements of smart grids as one of the prime reasons driving the synchrophasor market growth during the next few years. Also, growing smart grid data management and changing power grid structure will lead to sizable demand in the market.

The report on the synchrophasor market covers the following areas:

Synchrophasor market sizing
Synchrophasor market forecast
Synchrophasor market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading synchrophasor market vendors that include ABB Ltd., ALSTOM SA, Arbiter Systems Inc., ElectraNet Pty Ltd., Electric Power Group LLC, ERLPhase Power Technologies Ltd., Fortive Corp., General Electric Co., Hitachi Ltd., Quanta Technology LLC, Schneider Electric SE, Schweitzer Engineering Laboratories Inc., SHENZHEN GUOWANG NARI TECHNOLOGY CO. LTD., Siemens AG, Toshiba Corp., and Vizimax Inc.. Also, the synchrophasor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR44496

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Component
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global synchrophasor market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global synchrophasor market 2018 - 2022 ($ million)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Component Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Component Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2023-2028 (%)
Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Power station - Market size and forecast 2023-2028
Exhibit 34: Chart on Power station - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Power station - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Power station - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Power station - Year-over-year growth 2023-2028 (%)
6.4 Transforming station - Market size and forecast 2023-2028
Exhibit 38: Chart on Transforming station - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Transforming station - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Transforming station - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Transforming station - Year-over-year growth 2023-2028 (%)
6.5 Others - Market size and forecast 2023-2028
Exhibit 42: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 43: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 44: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Others - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Application
Exhibit 46: Market opportunity by Application ($ million)
Exhibit 47: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Component

7.1 Market segments
Exhibit 48: Chart on Component - Market share 2023-2028 (%)
Exhibit 49: Data Table on Component - Market share 2023-2028 (%)
7.2 Comparison by Component
Exhibit 50: Chart on Comparison by Component
Exhibit 51: Data Table on Comparison by Component
7.3 Hardware - Market size and forecast 2023-2028
Exhibit 52: Chart on Hardware - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Hardware - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Hardware - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Hardware - Year-over-year growth 2023-2028 (%)
7.4 Software - Market size and forecast 2023-2028
Exhibit 56: Chart on Software - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Software - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Software - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Software - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Component
Exhibit 60: Market opportunity by Component ($ million)
Exhibit 61: Data Table on Market opportunity by Component ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 APAC - Market size and forecast 2023-2028
Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Canada - Market size and forecast 2023-2028
Exhibit 95: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 UK - Market size and forecast 2023-2028
Exhibit 103: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ million)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 ABB Ltd.
Exhibit 115: ABB Ltd. - Overview
Exhibit 116: ABB Ltd. - Business segments
Exhibit 117: ABB Ltd. - Key offerings
Exhibit 118: ABB Ltd. - Segment focus
12.4 ALSTOM SA
Exhibit 119: ALSTOM SA - Overview
Exhibit 120: ALSTOM SA - Business segments
Exhibit 121: ALSTOM SA - Key offerings
Exhibit 122: ALSTOM SA - Segment focus
12.5 Arbiter Systems Inc.
Exhibit 123: Arbiter Systems Inc. - Overview
Exhibit 124: Arbiter Systems Inc. - Product / Service
Exhibit 125: Arbiter Systems Inc. - Key offerings
12.6 ElectraNet Pty Ltd.
Exhibit 126: ElectraNet Pty Ltd. - Overview
Exhibit 127: ElectraNet Pty Ltd. - Product / Service
Exhibit 128: ElectraNet Pty Ltd. - Key offerings
12.7 Electric Power Group LLC
Exhibit 129: Electric Power Group LLC - Overview
Exhibit 130: Electric Power Group LLC - Product / Service
Exhibit 131: Electric Power Group LLC - Key offerings
12.8 ERLPhase Power Technologies Ltd.
Exhibit 132: ERLPhase Power Technologies Ltd. - Overview
Exhibit 133: ERLPhase Power Technologies Ltd. - Product / Service
Exhibit 134: ERLPhase Power Technologies Ltd. - Key offerings
12.9 Fortive Corp.
Exhibit 135: Fortive Corp. - Overview
Exhibit 136: Fortive Corp. - Business segments
Exhibit 137: Fortive Corp. - Key news
Exhibit 138: Fortive Corp. - Key offerings
Exhibit 139: Fortive Corp. - Segment focus
12.10 General Electric Co.
Exhibit 140: General Electric Co. - Overview
Exhibit 141: General Electric Co. - Business segments
Exhibit 142: General Electric Co. - Key news
Exhibit 143: General Electric Co. - Key offerings
Exhibit 144: General Electric Co. - Segment focus
12.11 Hitachi Ltd.
Exhibit 145: Hitachi Ltd. - Overview
Exhibit 146: Hitachi Ltd. - Business segments
Exhibit 147: Hitachi Ltd. - Key news
Exhibit 148: Hitachi Ltd. - Key offerings
Exhibit 149: Hitachi Ltd. - Segment focus
12.12 Quanta Technology LLC
Exhibit 150: Quanta Technology LLC - Overview
Exhibit 151: Quanta Technology LLC - Product / Service
Exhibit 152: Quanta Technology LLC - Key offerings
12.13 Schneider Electric SE
Exhibit 153: Schneider Electric SE - Overview
Exhibit 154: Schneider Electric SE - Business segments
Exhibit 155: Schneider Electric SE - Key news
Exhibit 156: Schneider Electric SE - Key offerings
Exhibit 157: Schneider Electric SE - Segment focus
12.14 Schweitzer Engineering Laboratories Inc.
Exhibit 158: Schweitzer Engineering Laboratories Inc. - Overview
Exhibit 159: Schweitzer Engineering Laboratories Inc. - Product / Service
Exhibit 160: Schweitzer Engineering Laboratories Inc. - Key offerings
12.15 SHENZHEN GUOWANG NARI TECHNOLOGY CO. LTD.
Exhibit 161: SHENZHEN GUOWANG NARI TECHNOLOGY CO. LTD. - Overview
Exhibit 162: SHENZHEN GUOWANG NARI TECHNOLOGY CO. LTD. - Product / Service
Exhibit 163: SHENZHEN GUOWANG NARI TECHNOLOGY CO. LTD. - Key offerings
12.16 Siemens AG
Exhibit 164: Siemens AG - Overview
Exhibit 165: Siemens AG - Business segments
Exhibit 166: Siemens AG - Key news
Exhibit 167: Siemens AG - Key offerings
Exhibit 168: Siemens AG - Segment focus
12.17 Vizimax Inc.
Exhibit 169: Vizimax Inc. - Overview
Exhibit 170: Vizimax Inc. - Product / Service
Exhibit 171: Vizimax Inc. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 172: Inclusions checklist
Exhibit 173: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 174: Currency conversion rates for US$
13.4 Research methodology
Exhibit 175: Research methodology
Exhibit 176: Validation techniques employed for market sizing
Exhibit 177: Information sources
13.5 List of abbreviations
Exhibit 178: List of abbreviations