This industry research report provides a detailed analysis of the key drivers, trends, and challenges that influence growth in the synchrophasors market in the US. The report also includes an analysis of the leading vendors, including ABB, AEG, Alstom grid, Arbiter systems, Schweitzer engineering laboratories, and Siemens energy.
Technavio’s market research analysts estimate the synchrophasors market in the US to grow at a high CAGR of around 28% between 2015 and 2019. The market for synchrophasors in the US is expected to show promising growth during the forecast period and is positively influenced by factors like the growing interest in renewable power generation. The US Government has formed the NASPI to increase the installation and use of synchrophasors, while the DOE is working to drive the installation of synchrophasors.
The new market research report from Technavio provides a breakdown and analysis of the synchrophasor segments by technology.
“The installation of synchrophasors helps operators to detect fluctuations in renewable power generation. These synchrophasors are capable of wide-area monitoring and visualization (WAMV) and hence can perform diagnostics several times per second. They provide valuable intelligence and hence facilitate operators to take corrective actions in maintaining grid stability,” says Navin Rajendra, Lead Analyst, Energy, Technavio Research.
Synchrophasors use advanced sensors to measure a grid point 30 times per second, and GPS to timestamp the measurements and provide real-time data to the utilities. The implementation of synchrophasors helps to improve the monitoring of the flow of current and to control remotely located devices. They are capable of data logging, providing the operator with situational awareness at any point in time so that they can understand the situation of the grid and make changes to the grid instantly.
The major players in the synchrophasors market in the US include ABB, AEG, Alstom grid, Arbiter systems, Schweitzer engineering laboratories, and Siemens energy. This market is rapidly growing and consists of vendors that have extensive product portfolios. Companies that have access to high capital resources and dedicated R&D funds have the capacity to develop new technologies, which in turn increases the level of competition in the market.
A more detailed analysis is available in the Technavio report, Synchrophasors Market in the US 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
