Synchrophasor Market : Size, Growth, Industry Share, Demand, Analysis And Forecast Report 2018
This report studies the global Synchrophasor market status and forecast, categorizes the global Synchrophasor market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).
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A synchrophasor is a time-synchronized measurement of a quantity described by a phasor. Like a vector, a phasor has magnitude and phase information. Devices called phasor measurement units (PMU) measure voltage and current and with these measurements calculate parameters such as frequency and phase angle. It provides real-time data of the grid system to operators, helping them make decisions to prevent any power outage. The measurements obtained from synchrophasor are used to improve grid visualization, operational monitoring, power system control, stability monitoring, state estimation, and fault analysis. Each measurement taken by a synchrophasor is time-stamped according to a common time reference. This enables synchrophasor from different utilities to be combined and synchronized, which presents a comprehensive view of a regional interconnection.
ABB, GE Grid Solutions and Siemens Energy captured the top three revenue share spots in the Synchrophasor market in 2016. ABB dominated with 19.77 % revenue share, followed by GE Grid Solutions with 17.39% revenue share and Siemens Energy with 13.84% revenue share.
In the next five years, the global consumption volume of Synchrophasor will show upwards tendency further, consumption volume is expected in 2022 will be 4521 Units. Especially, in some emergence countries, such as India and Brazil among others, the synchrophasor installation capacity will present an upwards growth rate in the future, because of the national policy and the PMUs' advantage than SCADA. The global average selling price will be around 74596 $/Unit in 2022.
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The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product's types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
Despite the presence of competition problems and the high entry, due to the global recovery trend is slightly, investor are still optimistic about this area; the future will still have more new investment enter the field.
The global Synchrophasor market is valued at 96 million US$ in 2017 and will reach 440 million US$ by the end of 2025, growing at a CAGR of 24.4% during 2018-2025.
The major manufacturers covered in this report
· ABB
· GE Grid Solutions
· Siemens Energy
· State Grid Corporation of China
· Beijing Sifang Automation
· Schweitzer Engineering Laboratories
· NR Electric
· Arbiter Systems
· Vizimax
· Macrodyne
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
· North America
· Europe
· China
· Japan
· India
· Southeast Asia
· Other regions (Central & South America, Middle East & Africa)
We can also provide the customized separate regional or country-level reports, for the following regions:
· North America
· United States
· Canada
· Mexico
· Asia-Pacific
· China
· India
· Japan
· South Korea
· Australia
· Indonesia
· Singapore
· Rest of Asia-Pacific
· Europe
· Germany
· France
· UK
· Italy
· Spain
· Russia
· Rest of Europe
· Central & South America
· Brazil
· Argentina
· Rest of South America
· Middle East & Africa
· Saudi Arabia
· Turkey
· Rest of Middle East & Africa
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
· Synchrophasor
· Type II
By Application, the market can be split into
· Power Station
· Transforming Station
· Others
The study objectives of this report are:
· To analyze and study the global Synchrophasor capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
· Focuses on the key Synchrophasor manufacturers, to study the capacity, production, value, market share and development plans in future.
· Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
· To define, describe and forecast the market by type, application and region.
· To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
· To identify significant trends and factors driving or inhibiting the market growth.
· To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
· To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
· To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
· To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Synchrophasor are as follows:
· History Year: 2013-2017
· Base Year: 2017
· Estimated Year: 2018
· Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders
· Synchrophasor Manufacturers
· Synchrophasor Distributors/Traders/Wholesalers
· Synchrophasor Subcomponent Manufacturers
· Industry Association
· Downstream Vendors
Available Customizations
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
· Regional and country-level analysis of the Synchrophasor market, by end-use.
· Detailed analysis and profiles of additional market players.
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