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Synchrophasor Market By Component (Hardware, Software), By Application (Fault Analysis, State Estimation, Stability Monitoring, Power System Control, Operational Monitoring, Improve Grid Visualization, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033

June 2024 | 300 pages | ID: S0B14B51B462EN
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Synchrophasor Market

The synchrophasor market was valued at $0.6 billion in 2023 and is projected t%li%reach $1.5 billion by 2033, growing at a CAGR of 9.6% from 2024 t%li%2033.

Synchrophasor is an advanced measurement equipment used t%li%monitor and control electric power systems. It provides precise and synchronized measurement of current, voltage, phase angle, and frequency at different points within the power grid. The benefit of using synchrophasors over conventional measurement methods is that they offer instantaneous data collection, usually within microseconds. Some of the pivotal properties of synchrophasors include precision and real-time capabilities. These properties make them essential for grid monitoring, optimization, and control.

A pivotal factor driving the growth of the market is surge in expansion of transmission and distribution networks, along with rise in integration of renewable energy sources. The advancement of distribution networks necessitates robust monitoring systems, hence boosting the demand for synchrophasors. According t%li%the International Energy Agency, renewables are projected to account for approximately 95% of rise in power capacity globally by 2026. This trend of renewable energy is increasing the requirement for synchrophasors for improved control over power systems.

However, interference and noise susceptibility of synchrophasor is expected t%li%hamper the development of the market. In addition, concerns pertaining t%li%data security pose significant challenges on the adoption of synchrophasors. For instance, in 2019, American Electric Reliability Corporation detected the availability of synchrophasor data over the internet, surging the concerns pertaining t%li%unauthorized access and misuse of the pivotal information. On the contrary, the continuous efforts toward addressing the limitations of synchrophasors are an indicator of their promising future with lucrative opportunities. Improvements in grid visualization and timing of data executed from the device are anticipated t%li%offer opportunities for maintaining the grid stability.

Segment Review

The global synchrophasor market is segmented int%li%component, application, and region. On the basis of component, the market is bifurcated int%li%hardware and software. By application, it is divided int%li%fault analysis, state estimation, stability monitoring, power system control, operational monitoring, improve grid visualization, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

On the basis of component, the software segment is expected t%li%dominate during the forecast period.

By application, the power system control segment is projected t%li%show the highest growth during the forecast period.

Region wise, Asia-Pacific is anticipated t%li%be the highest revenue generator by 2033.

Competition Analysis

The major players operating in the global synchrophasor market are Schweitzer Engineering Laboratories Inc., ABB, Schneider Electric, Toshiba Corporation, Siemens AG, NR Electric Co. Ltd, General Electric, Vizimax, Wasion Group Holdings Ltd., and Arbiter Systems Inc. These players have adopted various key developmental strategies such as business expansion, new product launches, and partnerships t%li%strengthen their foothold in the market.

Additional benefits you will get with this purchase are:
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      • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting t%li%16 analyst hours t%li%solve questions, and post-sale queries)
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Possible Customization with this report (with additional cost and timeline, please talk t%li%the sales executive t%li%know more)
  • End user preferences and pain points
  • Investment Opportunities
  • Product Life Cycles
  • Upcoming/New Entrant by Regions
  • Technology Trend Analysis
  • Distributor margin Analysis
  • New Product Development/ Product Matrix of Key Players
  • Pain Point Analysis
  • Patient/epidemiology data at country, region, global level
  • Regulatory Guidelines
    • Additional company profiles with specific t%li%client's interest
  • Additional country or region analysis- market size and forecast
  • Brands Share Analysis
  • Expanded list for Company Profiles
  • Historic market data
  • Import Export Analysis/Data
  • List of customers/consumers/raw material suppliers- value chain analysis
  • Market share analysis of players at global/region/country level
  • SWOT Analysis
Key Market Segments

By Component
  • Hardware
  • Software
By Application
  • Fault Analysis
  • State Estimation
  • Stability Monitoring
  • Power System Control
  • Operational Monitoring
  • Improve Grid Visualization
  • Others
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Thailand
  • Malaysia
  • Indonesia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE
  • Argentina
  • Rest of LAMEA
  • Key Market Players
  • Schweitzer Engineering Laboratories Inc.
  • ABB
  • Schneider Electric
  • Toshiba Corporation
  • Siemens AG
  • NR Electric Co. Ltd
  • General Electric
  • Vizimax
  • Wasion Group Holdings Ltd.
  • Arbiter Systems Inc.
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: FLAME RETARDANT CABLE MARKET, BY INSULATION MATERIAL

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Insulation Material
4.2. EPR
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. LSZH
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country
4.4. PVC
  4.4.1. Key Market Trends, Growth Factors and Opportunities
  4.4.2. Market Size and Forecast, By Region
  4.4.3. Market Share Analysis, By Country
4.5. XLPE
  4.5.1. Key Market Trends, Growth Factors and Opportunities
  4.5.2. Market Size and Forecast, By Region
  4.5.3. Market Share Analysis, By Country

CHAPTER 5: FLAME RETARDANT CABLE MARKET, BY VOLTAGE RANGE

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Voltage Range
5.2. Low Voltage
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. Medium Voltage
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country
5.4. High Voltage
  5.4.1. Key Market Trends, Growth Factors and Opportunities
  5.4.2. Market Size and Forecast, By Region
  5.4.3. Market Share Analysis, By Country

CHAPTER 6: FLAME RETARDANT CABLE MARKET, BY END USE INDUSTRY

6.1. Market Overview
  6.1.1 Market Size and Forecast, By End Use Industry
6.2. Automotive And Transportation
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.3. Market Share Analysis, By Country
6.3. Building And Construction
  6.3.1. Key Market Trends, Growth Factors and Opportunities
  6.3.2. Market Size and Forecast, By Region
  6.3.3. Market Share Analysis, By Country
6.4. Energy
  6.4.1. Key Market Trends, Growth Factors and Opportunities
  6.4.2. Market Size and Forecast, By Region
  6.4.3. Market Share Analysis, By Country
6.5. Manufacturing
  6.5.1. Key Market Trends, Growth Factors and Opportunities
  6.5.2. Market Size and Forecast, By Region
  6.5.3. Market Share Analysis, By Country

CHAPTER 7: FLAME RETARDANT CABLE MARKET, BY REGION

7.1. Market Overview
  7.1.1 Market Size and Forecast, By Region
7.2. North America
  7.2.1. Key Market Trends and Opportunities
  7.2.2. Market Size and Forecast, By Insulation Material
  7.2.3. Market Size and Forecast, By Voltage Range
  7.2.4. Market Size and Forecast, By End Use Industry
  7.2.5. Market Size and Forecast, By Country
  7.2.6. U.S. Flame Retardant Cable Market
    7.2.6.1. Market Size and Forecast, By Insulation Material
    7.2.6.2. Market Size and Forecast, By Voltage Range
    7.2.6.3. Market Size and Forecast, By End Use Industry
  7.2.7. Canada Flame Retardant Cable Market
    7.2.7.1. Market Size and Forecast, By Insulation Material
    7.2.7.2. Market Size and Forecast, By Voltage Range
    7.2.7.3. Market Size and Forecast, By End Use Industry
  7.2.8. Mexico Flame Retardant Cable Market
    7.2.8.1. Market Size and Forecast, By Insulation Material
    7.2.8.2. Market Size and Forecast, By Voltage Range
    7.2.8.3. Market Size and Forecast, By End Use Industry
7.3. Europe
  7.3.1. Key Market Trends and Opportunities
  7.3.2. Market Size and Forecast, By Insulation Material
  7.3.3. Market Size and Forecast, By Voltage Range
  7.3.4. Market Size and Forecast, By End Use Industry
  7.3.5. Market Size and Forecast, By Country
  7.3.6. France Flame Retardant Cable Market
    7.3.6.1. Market Size and Forecast, By Insulation Material
    7.3.6.2. Market Size and Forecast, By Voltage Range
    7.3.6.3. Market Size and Forecast, By End Use Industry
  7.3.7. Germany Flame Retardant Cable Market
    7.3.7.1. Market Size and Forecast, By Insulation Material
    7.3.7.2. Market Size and Forecast, By Voltage Range
    7.3.7.3. Market Size and Forecast, By End Use Industry
  7.3.8. Italy Flame Retardant Cable Market
    7.3.8.1. Market Size and Forecast, By Insulation Material
    7.3.8.2. Market Size and Forecast, By Voltage Range
    7.3.8.3. Market Size and Forecast, By End Use Industry
  7.3.9. UK Flame Retardant Cable Market
    7.3.9.1. Market Size and Forecast, By Insulation Material
    7.3.9.2. Market Size and Forecast, By Voltage Range
    7.3.9.3. Market Size and Forecast, By End Use Industry
  7.3.10. Rest of Europe Flame Retardant Cable Market
    7.3.10.1. Market Size and Forecast, By Insulation Material
    7.3.10.2. Market Size and Forecast, By Voltage Range
    7.3.10.3. Market Size and Forecast, By End Use Industry
7.4. Asia-Pacific
  7.4.1. Key Market Trends and Opportunities
  7.4.2. Market Size and Forecast, By Insulation Material
  7.4.3. Market Size and Forecast, By Voltage Range
  7.4.4. Market Size and Forecast, By End Use Industry
  7.4.5. Market Size and Forecast, By Country
  7.4.6. China Flame Retardant Cable Market
    7.4.6.1. Market Size and Forecast, By Insulation Material
    7.4.6.2. Market Size and Forecast, By Voltage Range
    7.4.6.3. Market Size and Forecast, By End Use Industry
  7.4.7. Japan Flame Retardant Cable Market
    7.4.7.1. Market Size and Forecast, By Insulation Material
    7.4.7.2. Market Size and Forecast, By Voltage Range
    7.4.7.3. Market Size and Forecast, By End Use Industry
  7.4.8. India Flame Retardant Cable Market
    7.4.8.1. Market Size and Forecast, By Insulation Material
    7.4.8.2. Market Size and Forecast, By Voltage Range
    7.4.8.3. Market Size and Forecast, By End Use Industry
  7.4.9. South Korea Flame Retardant Cable Market
    7.4.9.1. Market Size and Forecast, By Insulation Material
    7.4.9.2. Market Size and Forecast, By Voltage Range
    7.4.9.3. Market Size and Forecast, By End Use Industry
  7.4.10. Rest of Asia-Pacific Flame Retardant Cable Market
    7.4.10.1. Market Size and Forecast, By Insulation Material
    7.4.10.2. Market Size and Forecast, By Voltage Range
    7.4.10.3. Market Size and Forecast, By End Use Industry
7.5. LAMEA
  7.5.1. Key Market Trends and Opportunities
  7.5.2. Market Size and Forecast, By Insulation Material
  7.5.3. Market Size and Forecast, By Voltage Range
  7.5.4. Market Size and Forecast, By End Use Industry
  7.5.5. Market Size and Forecast, By Country
  7.5.6. Latin America Flame Retardant Cable Market
    7.5.6.1. Market Size and Forecast, By Insulation Material
    7.5.6.2. Market Size and Forecast, By Voltage Range
    7.5.6.3. Market Size and Forecast, By End Use Industry
  7.5.7. Middle East Flame Retardant Cable Market
    7.5.7.1. Market Size and Forecast, By Insulation Material
    7.5.7.2. Market Size and Forecast, By Voltage Range
    7.5.7.3. Market Size and Forecast, By End Use Industry
  7.5.8. Africa Flame Retardant Cable Market
    7.5.8.1. Market Size and Forecast, By Insulation Material
    7.5.8.2. Market Size and Forecast, By Voltage Range
    7.5.8.3. Market Size and Forecast, By End Use Industry

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. Prysmian Group
  9.1.1. Company Overview
  9.1.2. Key Executives
  9.1.3. Company Snapshot
  9.1.4. Operating Business Segments
  9.1.5. Product Portfolio
  9.1.6. Business Performance
  9.1.7. Key Strategic Moves and Developments
9.2. Nexans S.A.
  9.2.1. Company Overview
  9.2.2. Key Executives
  9.2.3. Company Snapshot
  9.2.4. Operating Business Segments
  9.2.5. Product Portfolio
  9.2.6. Business Performance
  9.2.7. Key Strategic Moves and Developments
9.3. NKT Group
  9.3.1. Company Overview
  9.3.2. Key Executives
  9.3.3. Company Snapshot
  9.3.4. Operating Business Segments
  9.3.5. Product Portfolio
  9.3.6. Business Performance
  9.3.7. Key Strategic Moves and Developments
9.4. LS Cable And System Limited
  9.4.1. Company Overview
  9.4.2. Key Executives
  9.4.3. Company Snapshot
  9.4.4. Operating Business Segments
  9.4.5. Product Portfolio
  9.4.6. Business Performance
  9.4.7. Key Strategic Moves and Developments
9.5. Leone AG
  9.5.1. Company Overview
  9.5.2. Key Executives
  9.5.3. Company Snapshot
  9.5.4. Operating Business Segments
  9.5.5. Product Portfolio
  9.5.6. Business Performance
  9.5.7. Key Strategic Moves and Developments
9.6. Jiangnan Group Limited
  9.6.1. Company Overview
  9.6.2. Key Executives
  9.6.3. Company Snapshot
  9.6.4. Operating Business Segments
  9.6.5. Product Portfolio
  9.6.6. Business Performance
  9.6.7. Key Strategic Moves and Developments
9.7. Tratos Limited
  9.7.1. Company Overview
  9.7.2. Key Executives
  9.7.3. Company Snapshot
  9.7.4. Operating Business Segments
  9.7.5. Product Portfolio
  9.7.6. Business Performance
  9.7.7. Key Strategic Moves and Developments
9.8. EL Sewedy Electric Company
  9.8.1. Company Overview
  9.8.2. Key Executives
  9.8.3. Company Snapshot
  9.8.4. Operating Business Segments
  9.8.5. Product Portfolio
  9.8.6. Business Performance
  9.8.7. Key Strategic Moves and Developments
9.9. Sumitomo Electric Industries. Ltd.
  9.9.1. Company Overview
  9.9.2. Key Executives
  9.9.3. Company Snapshot
  9.9.4. Operating Business Segments
  9.9.5. Product Portfolio
  9.9.6. Business Performance
  9.9.7. Key Strategic Moves and Developments
9.10. Yazaki Corporation, SWCC Sjowa Cable Systems Co. Ltd
  9.10.1. Company Overview
  9.10.2. Key Executives
  9.10.3. Company Snapshot
  9.10.4. Operating Business Segments
  9.10.5. Product Portfolio
  9.10.6. Business Performance
  9.10.7. Key Strategic Moves and Developments
9.11. Renesas Electronics
  9.11.1. Company Overview
  9.11.2. Key Executives
  9.11.3. Company Snapshot
  9.11.4. Operating Business Segments
  9.11.5. Product Portfolio
  9.11.6. Business Performance
  9.11.7. Key Strategic Moves and Developments


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