Synchrophasors Market Growth, Demand and Challenges of the Key Industry Players 2024-32
                     Global Synchrophasors 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
About IMARC Group
In ternat ional  Market  Analys is  Research and Consul t ing Group is  a leading adv iser  on management  
s t rategy and market  research wor ldwide.  We par tner  wi th c l ients  in  a l l  regions and indust ry  
vert ica ls  to  ident i fy  thei r  h ighest -value oppor tuni t ies,  address thei r  most  cr i t ica l  chal lenges,  and 
t ransform thei r  bus inesses.
IMARC’s in format ion products  inc lude major market ,  sc ient i f ic ,  economic and technological  
developments  for  bus iness leaders  in  pharmaceut ica l ,  indust r ia l ,  and h igh technology 
organizat ions.  Market  forecasts  and indust ry  analys is  for  b iotechnology,  advanced mater ia ls ,  
chemicals ,  food and beverage,  t ravel  and tour ism, nanotechnology and novel  process ing methods 
are at  the top of  the company’s  exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight  in to the dynamics o f  companies and 
markets wi th c lose cooperat ion at  a l l  levels  of  the c l ient  organizat ion.  This ensures that  our  c l ients 
achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
Accord ing  to  the  l a t es t  r epo r t  by  I MARC Group,  t i t l ed  " Synchrophasors  Market :  
G loba l  I ndust ry  T rends ,  Share ,  S ize ,  Grow th ,  Opportun i ty  and  Forecast  2024-
2032, "  t he   g l oba l  synchrophasors  marke t  s i ze  reached  US$  324 .7  Mi l l i on  in  2023 .
Synchrophasors  a re  rea l - t ime  mon i to r ing  dev ices  used  fo r  t he  measuremen t  o f  
Report vo l t age ,  cur ren t ,  and  f r equency .  They  cons i s t  o f  a  f i l t e r ,  osc i l l a t o r ,  conve r t e r ,  
g loba l  pos i t i on ing  sys tem (GPS) ,  and  commun ica t ion  in t e r face .  They  ass is t  i n  
Highlight and manag ing  t ransmiss ion  and  conges t ion ,  au t omat ing  con t ro ls ,  improv ing  sys t em mode l ing ,  and  l ower ing  opera t i ona l  cos ts .  
They  a lso  p rov ide  fas t e r  measuremen ts ,  cap tu re  rea l - t ime dynamics ,  and  
Description f ac i l i t a t e  w ide -a rea  mon i to r i ng  and  con t ro l  as  compared to  superv iso ry  con t ro l  
and  da ta  acqu is i t i on  (SCADA) .  They  he lp  g r i d  opera to r s  to  iden t i f y  rea l - t ime 
po ten t ia l  p rob lems and  take  co r rec t i ve  ac t ion  t o  ma in ta in  s tab i l i t y  and  re l i ab i l i t y .
Request  fo r  a  PDF sample  o f  th is  repor t :  
ht tps : / / www. imarcgroup .com/synchrophasors -marke t / r eques tsample
Report Description
G lo b a l  S y n c h r o p h a s o r s  M a r k e t  T r e n d s :
A t  p r e s e n t ,  s y n c h r o p h a s o r s  a r e  w i d e l y  u t i l i z e d  f o r  c o n t i n u o u s  m o n i t o r i n g ,  m e a s u r e me n t ,  a n d  p r o t e c t i o n  o f  v a r i o u s  e l e m e n t s  o f  a  
p o w e r  g r i d ,  s u c h  a s  g e n e r a t i o n ,  t r a n s m i s s i o n ,  s u b - t r a n s m i s s i o n ,  a n d  l o a d s ,  w h i c h  i n c r e a s e s  t h e  o b s e r v a b i l i t y  o f  t h e  s y s t e m ,  
e n h a n c e  a w a r e n e s s ,  i m p r o v e  g r i d  r e l i a b i l i t y ,  r e d u c e  e n e r g y  l o s s e s ,  a n d  e n s u r e  l o n g - t e r m  s ta b i l i t y .  T h i s ,  i n  c o n f l u e n c e  w i t h  t h e  
i n c r e a s i n g  a u t o m a t i o n  o f  p o w e r  g r i d s ,  r e p r e s e n t s  o n e  o f  t h e  k e y  f a c to r s  p o s i t i v e l y  i n f l u e n c i n g  t h e  m a r k e t  a c r o s s  t h e  g l o b e .  
I n  a d d i t i o n ,  i n c r e a s i n g  i n c i d e n c e s  o f  p o w e r  o u ta g e s  d u e  t o  i n c l e m e n t  w e a t h e r ,  e q u i p m e n t  f a i l u r e ,  l o a d - s h e d d i n g ,  m a i n te n a n c e  
s h u td o w n ,  a n d  c y b e r a t t a c k s  a r e  c a t a l y z i n g  t h e  d e m a n d  f o r  s y n c h r o p h a s o r s .  A p a r t  f r o m  t h i s ,  g o v e r n m e n ts  o f  v a r i o u s  c o u n t r i e s  a r e  
i m p l e m e n t i n g  f a v o r a b l e  p o l i c i e s  a n d  r e g u l a t i o n s  t h a t  s u p p o r t  t h e  d e p l o y m e n t  o f  s y n c h r o p h a s o r s .  M o r e o v e r ,  t h e  i n t e g r a t i o n  o f  
m a c h i n e  l e a r n i n g  ( M L )  a n d  c l o u d  c o m p u t i n g  t e c h n o l o g i e s  f o r  i m p r o v i n g  p o w e r  s y s t e m  s i t u a t i o n a l  a w a r e n e s s  a n d  r e l i a b i l i t y ,  
d e t e c t i n g  s y s t e m - w i d e  a n o m a l i e s ,  v a l i d a t i n g  mo d e l s ,  a n d  p r e d i c t i n g  e q u i p m e n t  m a l f u n c t i o n  i s  s t i m u l a t i n g  t h e  g r o w th  o f  t h e  
m a r k e t .
L o o k in g  f o r w a r d ,  t h e  m a r k e t  i s  a n t i c ip a t e d  t o  r e a c h  a  v a lu e  o f  U S $  1 , 4 2 2 . 5  M i l l i o n  b y  2 0 3 2 ,  e x h i b i t i n g  a  C A G R  o f  1 7 .3 %  
d u r in g  2 0 2 4 - 2 0 3 2 .
V ie w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / s y n c h r o p h a s o r s - m a r k e t
Component Insights:
• Hardware
• Software
 
Application Insights:
• Fault  Analysis 
Report 
• State Estimation 
Segmentation • Stabi l i ty Monitoring
• Power System Control
• Operat ional  Monitoring
• Improve Grid Visual izat ion
• Others
Regional Insights:
• North America
• Asia-Pacifi c
• Europe
• Latin America
Report • Middle East and Afr ica
Segmentation
• ABB Ltd.
• Arbiter Systems Inc.
• Electr ic Power Group LLC
Competitive • General  Electr ic Company
Landscape • NR Electric Co. Ltd.
• Qual itrol  Company LLC (Fortive 
with Key Corporation)
Players • Schweitzer Engineering Laboratories Inc.
• Siemens AG
• Toshiba Corporat ion
• Vizimax Inc.
How big is the global synchrophasors market?
What is the expected growth rate of the global 
synchrophasors market during 2024-2032?
Key 
Questions What are the key factors driving the global synchrophasors market?
Answered in 
What has been the impact of COVID-19 on the 
the Report global synchrophasors market?
What are the key regions in the global 
synchrophasors market?
Who are the key players/companies in the global 
synchrophasors market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  S y n c h r o p h a s o r s  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  C o m p o n e n t
    6 . 1     H a r d w a r e
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     S o f t w a r e
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
7     M a r k e t  B r e a k u p  b y  A p p l i c a t i o n
    7 . 1     F a u l t  A n a l y s i s
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
       
      7 . 2       S t a t e  E s t im a t i o n
            7 . 2 .1  M a r ke t  Tren d s
            7 . 2 .2  M a r ke t  Fo rec a s t
      7 .3       S t a b i l i t y  M o n i t o r i n g
            7 . 3 .1  M a r ke t  Tren d s
            7 . 3 .2  M a r ke t  Fo rec a s t
      7 .4       Po w e r  S y s t e m  C o n t ro l
            7 . 4 .1  M a r ke t  Tren d s
            7 . 4 .2  M a r ke t  Fo rec a s t
      7 .5       O p e r a t i o n a l  M o n i t o r i n g
            7 . 5 .1  M a r ke t  Tren d s
            7 . 5 .2  M a r ke t  Fo rec a s t
Table of       7 .6       I m p ro v e  G r i d  V i s u a l i z a t i o n
            7 . 6 .1  M a r ke t  Tren d s
            7 . 6 .2  M a r ke t  Fo rec a s t
Contents       7 .7       O t h e r s            7 . 7 .1  M a r ke t  Tren d s
            7 . 7 .2  M a r ke t  Fo rec a s t
8      M arket  Breakup  by  Reg ion
      8 .1       N o r t h  A m e r i c a
            8 . 1 .1  U n i t e d  S t a t es
                 8 . 1 . 1 . 1  M a r ke t  Tre n ds
                 8 . 1 . 1 . 2  M a r ke t  Fo rec a s t
            8 . 1 .2  C a n a da
                 8 . 1 . 2 . 1  M a r ke t  Tre n ds
                 8 . 1 . 2 . 2  M a r ke t  Fo rec a s t
      8 .2       A s i a - Pa c i fi c
            8 . 2 .1  C h in a
                 8 . 2 . 1 . 1  M a r ke t  Tre n ds
                 8 . 2 . 1 . 2  M a r ke t  Fo rec a s t
    
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. im a rcg ro u p . co m / s y n c h ro p h a s o r s - m a r ke t / t o c
Disclaimer
© 2023  IMARC Al l  R ights  Reserved 
Th is  Pub l i ca t ion  and  a l l  i t ’ s  con ten ts  un less  o therw ise  men t i oned  a re  copy r i gh ted  in  the  name o f  
I n t e rna t i ona l  Marke t  Ana lys i s  Research  and  Consu l t ing  ( IMARC) .  No  pa r t  o f  t h i s  pub l i ca t ion  may  be  
rep roduced ,  repackaged ,  red i s t r i bu ted  o r  res o ld  i n  who le  o r  i n  any  pa r t .  The  pub l i ca t ion  may  a l so  
no t  be  used  i n  any  f o rm o r  by  and means  g raph i c  e lec t ron ic  o r  mechan ic a l ,  i nc lud ing  pho tocopy ing ,  
reco rd ing ,  t ap ing  o r  by  i n fo rmat i on  s to rage  o r  re t r ieva l ,  o r  by  any  o the r  f o rm,  w i t hou t  the  exp ress  
c ons en t  o f  I n t e rna t iona l  Marke t  Ana lys i s  Research  and  Consu l t i ng  ( IMARC) .
Disc la imer :  Al l  con ten ts  and  da ta  o f  t h i s  pub l i c a t i on ,  i nc lud ing  fo recas t s ,  da ta  ana lys i s  and  op in ion  
have  been  based  on  in f o rmat ion  and  sources  be l ieved  to  be  accu ra te  and  re l iab le  a t  t he  t ime  o f  
pub l i sh ing .  In t e rna t i ona l  Ma rke t  Ana l ys is  Research  and  Consu l t ing  makes  no  rep resen ta t ion  o f  
war ran t y  o f  any  k ind  as  to  t he  acc u racy  o r  comp le teness  o f  any  I n fo rmat i on  p rov ided .  IMARC 
accep ts  no  l i ab i l i t y  wha tsoever  f o r  any  los s  o r  damage  resu l t i ng  f rom op in ion ,  e r ro rs  o r  
i naccu rac ies  i f  any  f ound  th is  pub l i ca t ion .
IMARC,  IMARC Group  and  G loba l  Therapy  I ns igh t  Ser i es  a re  reg is t e red  t rademarks  o f  I n te rna t iona l  
Marke t  Ana lys i s  Research  and  Consu l t ing .  A l l  o the r  t rademarks  used  i n  th i s  pub l i ca t i on  a re  
reg i s te red  t rademarks  o f  t he i r  r espec t i ve  compan ies .
Contact Us
Visit us at :
https://www.imarcgroup.com
TELEPHONE: +1-631-791-1145 
E-MAIL: [email protected]