Synchrophasors Market to grow at a CAGR of 14.58% by 2021


    Global Synchrophasors Market Research Report 2017 to 2021 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the Synchrophasors Market.

    Companies Mentioned are ABB, Arbiter Systems, General Electric, Schweitzer Engineering Laboratories, 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, and Siemens.

    The global Synchrophasors market consists of different international, regional, and local vendors. The market competition is foreseen to grow higher with the rise in technological innovation and M&A activities in the future. Moreover, many local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.

    Major points covered in Global Synchrophasors Market 2017 Research are:-

    • What will the market size and the growth rate be in 2021?
    • What are the key factors driving the global Synchrophasors market?
    • What are the key market trends impacting the growth of the global Synchrophasors market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Synchrophasors market?
    • What are the market opportunities and threats faced by the vendors in the global Synchrophasors market?
    • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
    • What are the key outcomes of the five forces analysis of the global Synchrophasors market?

    This independent 71 page report guarantees you will remain better informed than your competition. With over 160 tables and figures examining the Synchrophasors market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.

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    Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Synchrophasors in these regions, from 2012 to 2021 (forecast), covering Americas, APAC and EMEA.

    The report provides a basic overview of the Synchrophasors industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

    Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Synchrophasors industry development trends and marketing channels are analyzed.

    Commenting on the report, an analyst from MIR’s team said: “One trend in the market is growing smart grid data management market. Globally the power grid is transitioning to smart grid by the use of several sensors and devices for sensing, collecting, and analyzing the operation of the grid. This transition is driven by the need to improve the grid efficiency, and managing the aging assets in the field, while also exceeding the customer expectation in terms of service and power supply reliability.”

    According to the report, one driver in the market is increasing need for reducing grid outages. The aging infrastructure, the rise in population, and an increased demand on power resources have increased the strain on the infrastructure causing power outages. The exhibit below represents the year-over-year analysis of the number of outages in the US between 2009-2016 caused by inclement weather, equipment failure, maintenance shutdown, load-shedding, vandalism, and cyber-attacks.

    Further, the report states that one challenge in the market is high cost of communication system installation. Synchrophasor technology provides a real-time situational awareness and control of the grid system. It can help utilities identify and locate disturbances across the grid network and is not geographically limited thus helping in making the grid resilient. The data collected by PMUs is timestamped using GPS signal, and the data is then sent to the PDC devices.

    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 a SWOT analysis of the key vendors.

    The research includes historic data from 2012 to 2016 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Synchrophasors on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of Synchrophasors Market and assist manufacturers and investment organization to better grasp the development course of Synchrophasors Market.

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