Synchrophasor Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, Canada, China, Germany, UK - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 167 SKU: IRTNTR44496

Synchrophasor Market Forecast 2024-2028

The synchrophasor market size is forecast to increase by USD 546.72 million, at a CAGR of 11.9% between 2023 and 2028.

Ageing infrastructure, population growth, and increased power demand strain infrastructure, leading to power outages. Common causes include weather, equipment failure, maintenance, load-shedding, vandalism, and cyber-attacks. Synchrophasors collect data every 60 seconds, timestamped with GPS location, and transmit to control centres. Climate policies and technological advancements drive electricity generation from low-carbon sources like solar, wind, and hydropower, aiding the global shift away from fossil fuels.

What will be the size of the Synchrophasor Market During the Forecast Period?

Synchrophasor Market Forecast 2024-2028

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Synchrophasor Market Dynamic

Driver- Increasing need for reducing grid outages

The aging infrastructure, the rise in population, and raised demand for power resources have increased the strain on the infrastructure, causing power-outages. Factors such as inclement weather, equipment failure, maintenance shutdown, load-shedding, vandalism, and cyber-attacks are the prior reasons for power-outages. Furthermore, synchrophasors collect data at a frequency of 60 times per second, timestamp it according to the GPS location of the information retrieval point, and send it across to the control center.

Moreover, synchrophasors collect the voltage, current, and frequency data, thus providing the operators with an accurate and dynamic view of the grid that helps them identify, locate, and resolve potential threats in the grid. Thus, the growing number of power outages has resulted in the increasing need for synchrophasors, which, in turn, is propelling the growth of the global synchrophasor market during the forecast period. The market analysis and report, along with market forecasting and trends, offer valuable insights into the synchrophasor market growth and forecasting, enabling stakeholders to make informed decisions and capitalize on emerging opportunities.

Trends- Changing power grid structure

Climate change policies and improvements in technology have resulted in electricity generation from low-carbon or carbon-free renewable sources such as solar, wind, and hydropower. As more countries across the globe are becoming aware of the depleting fossil fuel resources as well as the associated carbon emission regulations, they are gradually shifting towards renewable energy harnessed from wind and solar-power to meet their carbon emission goals and reduce their dependence on fossil fuels.

Furthermore, the traditional power grid had a partial connection with its customers and had one-way communication, but the energy and utility companies are improving each part of the value chain by integrating new technology. Therefore, the changing power grid technology is expected to drive the growth of the global synchrophasor market during the forecast period. The market trends and analysis, coupled with market growth analysis, market research and growth, and market growth and trends, provide comprehensive insights into the synchrophasor market landscape, enabling stakeholders to make informed decisions and capitalize on emerging opportunities. Grid monitoring devices and electrical grid optimization, along with real-time monitoring and synchrophasor applications, play crucial roles in enhancing the efficiency and reliability of modern power grids.

Challenge- High cost of communication system installation

Synchrophasor technology provides real-time situational awareness and control of the grid system. The data collected by PMUs is timestamped using the GPS signal, and the data is then sent to the PDC devices. The PDC devices receive a massive amount of data generated over a wide geographical area. However, utilities do not have the communication network bandwidth, that can handle the transfer of such a massive amount of data at high speeds, and the cost of installing the necessary telecommunication infrastructure is high.

Moreover, in such cases, when the PMU hardware must be installed along with the communication network, the project costs increase by 6-7 times, which is more than the cost of the PMU hardware. Therefore, the high cost of communication system installation is a major drawback, which is likely to hamper the growth of the global synchrophasor market during the forecast period.

Synchrophasor Market Segmentation by Application, Component, and Geography

Application Segment Analysis: 

The power station segment will account for a major share of the market's growth during the forecast period.?The power stations are also referred to as generating plants or stations, as they are accountable for the generation of electric power. The synchrophasor is utilized in power-stations to measure the voltage, frequency of current, and phase angle of electrical signals. It is essential in power stations to avoid large disturbances or blackouts.

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The power station segment was valued at USD 187.88 million in 2018. End-users, such as manufacturing plants and business industries, require power to operate their activities smoothly, as these power stations must supply a regular supply of power. The demand for synchrophasors to catch problems at an early stage has consistently increased due to their extremely high-resolution time-synchronized measurements. Thus, the rising demand for power station stability is anticipated to drive the growth of synchrophasors in the power station segment during the forecast period.

Component Segemnet Analaysis 

Based on components, the market has been segmented into hardware and software. The hardware segment will account for the largest share of this segment.?The synchrophasors constitute power management units (PMUs) and phasor data concentrator (PDC) devices, which are installed in the power grid. The data collected by the PMUs are time-stamped using a global positioning system (GPS) as a time reference, and this allows the data to be synchronized with an accuracy level of one microsecond. Therefore, the increasing adoption of synchrophasors in various hardware components is anticipated to boost the growth of this segment, thereby driving the global Synchrophasors market during the forecast period.

Market Analyst Overview

The Synchrophasor Market plays a pivotal role in enhancing power grid monitoring and ensuring grid stability through advanced phasor measurement units. As a cornerstone of smart grid technology, synchrophasors facilitate grid synchronization and enable precise electrical grid control. They empower energy management systems by providing real-time data on grid operations and power system stability, thereby improving grid reliability and grid resilience. Synchrophasors enable power quality monitoring and support the optimization of electrical grid infrastructure through grid data analysis. With their applications in transmission grid technology and beyond, synchrophasors are integral to the modernization of the electrical grid, ensuring efficient and effective management of energy resources.
 

Regional Analysis

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North America is estimated to contribute 39% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The North American region is one of the largest regions for smart grid deployments, with large-scale smart grid adoption in the US and Canada. The US is a key market for smart grid deployments with stimulus funding from the government.

Additionally, the demand for synchrophasors in this region is mainly driven by the need for transmission networks both in terms of capacity and stability. Also, the deployment of synchrophasors is likely to increase the observability of the power system and gain an awareness of the stability situation throughout the whole power network. Thus, such factors drive the growth of the regional synchrophasor market during the forecast period

Who are the Major Synchrophasor Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Electric Power Group LLC: The company offers various applications of synchrophasor such as on-demand synchrophasor training portal and synchrophasor-based state estimation and real-time wide area visualization technology called PhasorNXT.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

ABB Ltd., ALSTOM SA, Arbiter Systems Inc., ElectraNet Pty Ltd., ERLPhase Power-Technologies Ltd., Fortive Corp., General Electric Co., Hitachi Ltd., Quanta Technology LLC, Schneider Electric SE, Schweitzer Engineering Laboratories Inc., SHENZHEN GUOWANG NARI TECHNOLOGY CO. LTD., Siemens AG, Toshiba Corp., and Vizimax Inc.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The synchrophasor market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Application Outlook (USD Million, 2018 - 2028)
    • Power-station
    • Transforming station
    • Others
  • Component Outlook (USD Million, 2018 - 2028)
    • Hardware
    • Software
  • Region Outlook (USD Million, 2018 - 2028)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Synchrophasor Market Scope

Report Coverage

Details

Page number

167

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 11.9%

Market growth 2024-2028

USD 546.72 million

Market structure

Fragmented

YoY growth 2023-2024(%)

11.38

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 39%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., ALSTOM SA, Arbiter Systems Inc., ElectraNet Pty Ltd., Electric Power-Group LLC, ERLPhase Power-Technologies Ltd., Fortive Corp., General Electric Co., Hitachi Ltd., Quanta Technology LLC, Schneider Electric SE, Schweitzer Engineering Laboratories Inc., SHENZHEN GUOWANG NARI TECHNOLOGY CO. LTD., Siemens AG, Toshiba Corp., and Vizimax Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Synchrophasor Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the synchrophasor market between 2024 and 2028
  • Precise estimation of the synchrophasor market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of synchrophasor market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global synchrophasor market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global synchrophasor market 2018 - 2022 ($ million)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • 4.3 Component Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Component Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Power station - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Power station - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Power station - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Power station - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Power station - Year-over-year growth 2023-2028 (%)
    • 6.4 Transforming station - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Transforming station - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Transforming station - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Transforming station - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Transforming station - Year-over-year growth 2023-2028 (%)
    • 6.5 Others - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ million)
      • Exhibit 47: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Component

    • 7.1 Market segments
      • Exhibit 48: Chart on Component - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Component - Market share 2023-2028 (%)
    • 7.2 Comparison by Component
      • Exhibit 50: Chart on Comparison by Component
      • Exhibit 51: Data Table on Comparison by Component
    • 7.3 Hardware - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Hardware - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Hardware - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Hardware - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Hardware - Year-over-year growth 2023-2028 (%)
    • 7.4 Software - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Software - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Software - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Software - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Software - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Component
      • Exhibit 60: Market opportunity by Component ($ million)
      • Exhibit 61: Data Table on Market opportunity by Component ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 APAC - Market size and forecast 2023-2028
      • Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Canada - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 UK - Market size and forecast 2023-2028
      • Exhibit 103: Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 115: ABB Ltd. - Overview
              • Exhibit 116: ABB Ltd. - Business segments
              • Exhibit 117: ABB Ltd. - Key offerings
              • Exhibit 118: ABB Ltd. - Segment focus
            • 12.4 ALSTOM SA
              • Exhibit 119: ALSTOM SA - Overview
              • Exhibit 120: ALSTOM SA - Business segments
              • Exhibit 121: ALSTOM SA - Key offerings
              • Exhibit 122: ALSTOM SA - Segment focus
            • 12.5 Arbiter Systems Inc.
              • Exhibit 123: Arbiter Systems Inc. - Overview
              • Exhibit 124: Arbiter Systems Inc. - Product / Service
              • Exhibit 125: Arbiter Systems Inc. - Key offerings
            • 12.6 ElectraNet Pty Ltd.
              • Exhibit 126: ElectraNet Pty Ltd. - Overview
              • Exhibit 127: ElectraNet Pty Ltd. - Product / Service
              • Exhibit 128: ElectraNet Pty Ltd. - Key offerings
            • 12.7 Electric Power Group LLC
              • Exhibit 129: Electric Power Group LLC - Overview
              • Exhibit 130: Electric Power Group LLC - Product / Service
              • Exhibit 131: Electric Power Group LLC - Key offerings
            • 12.8 ERLPhase Power Technologies Ltd.
              • Exhibit 132: ERLPhase Power Technologies Ltd. - Overview
              • Exhibit 133: ERLPhase Power Technologies Ltd. - Product / Service
              • Exhibit 134: ERLPhase Power Technologies Ltd. - Key offerings
            • 12.9 Fortive Corp.
              • Exhibit 135: Fortive Corp. - Overview
              • Exhibit 136: Fortive Corp. - Business segments
              • Exhibit 137: Fortive Corp. - Key news
              • Exhibit 138: Fortive Corp. - Key offerings
              • Exhibit 139: Fortive Corp. - Segment focus
            • 12.10 General Electric Co.
              • Exhibit 140: General Electric Co. - Overview
              • Exhibit 141: General Electric Co. - Business segments
              • Exhibit 142: General Electric Co. - Key news
              • Exhibit 143: General Electric Co. - Key offerings
              • Exhibit 144: General Electric Co. - Segment focus
            • 12.11 Hitachi Ltd.
              • Exhibit 145: Hitachi Ltd. - Overview
              • Exhibit 146: Hitachi Ltd. - Business segments
              • Exhibit 147: Hitachi Ltd. - Key news
              • Exhibit 148: Hitachi Ltd. - Key offerings
              • Exhibit 149: Hitachi Ltd. - Segment focus
            • 12.12 Quanta Technology LLC
              • Exhibit 150: Quanta Technology LLC - Overview
              • Exhibit 151: Quanta Technology LLC - Product / Service
              • Exhibit 152: Quanta Technology LLC - Key offerings
            • 12.13 Schneider Electric SE
              • Exhibit 153: Schneider Electric SE - Overview
              • Exhibit 154: Schneider Electric SE - Business segments
              • Exhibit 155: Schneider Electric SE - Key news
              • Exhibit 156: Schneider Electric SE - Key offerings
              • Exhibit 157: Schneider Electric SE - Segment focus
            • 12.14 Schweitzer Engineering Laboratories Inc.
              • Exhibit 158: Schweitzer Engineering Laboratories Inc. - Overview
              • Exhibit 159: Schweitzer Engineering Laboratories Inc. - Product / Service
              • Exhibit 160: Schweitzer Engineering Laboratories Inc. - Key offerings
            • 12.15 SHENZHEN GUOWANG NARI TECHNOLOGY CO. LTD.
              • Exhibit 161: SHENZHEN GUOWANG NARI TECHNOLOGY CO. LTD. - Overview
              • Exhibit 162: SHENZHEN GUOWANG NARI TECHNOLOGY CO. LTD. - Product / Service
              • Exhibit 163: SHENZHEN GUOWANG NARI TECHNOLOGY CO. LTD. - Key offerings
            • 12.16 Siemens AG
              • Exhibit 164: Siemens AG - Overview
              • Exhibit 165: Siemens AG - Business segments
              • Exhibit 166: Siemens AG - Key news
              • Exhibit 167: Siemens AG - Key offerings
              • Exhibit 168: Siemens AG - Segment focus
            • 12.17 Vizimax Inc.
              • Exhibit 169: Vizimax Inc. - Overview
              • Exhibit 170: Vizimax Inc. - Product / Service
              • Exhibit 171: Vizimax Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 172: Inclusions checklist
                • Exhibit 173: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 174: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 175: Research methodology
                • Exhibit 176: Validation techniques employed for market sizing
                • Exhibit 177: Information sources
              • 13.5 List of abbreviations
                • Exhibit 178: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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