Synchrophasors Market in the US 2015-2019

Market outlook of the synchrophasors market in the US

Synchrophasor is a precise, smart grid measurement technology that is used by the utility sector to implement smart grid at the transmission level. 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. Additionally, its increasing applicability in power distribution systems and microgrid management systems are expected to result in its profound CAGR of more than 28% by 2019.

Increased data analysis and monitoring of the grid is the key driver for the growth of this market. Data analysis and monitoring of the grid is rapidly gaining importance as it helps operators to take necessary actions and correct faults in the grid. The ability of synchrophasors to efficiently monitor the flow of current and to control remotely located devices is expected to result in its increased implementation during the forecast period.

Competitive landscape and key vendors: ABB, AEG, Alstom grid

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.

Key vendors in this market are -

• ABB
• AEG
• Alstom grid
• Arbiter systems
• Schweitzer engineering laboratories
• Siemens energy

Other prominent vendors in this market are Comverge, ERLPhase Power Technologies, Green Mountain Power, Macrodyne, and Utility Systems.

Growth drivers, challenges, and upcoming trends:  Synchrophasors

Technavio’s market research analyst has estimated upcoming trends, such as the increase in renewable power generation sources, to incite market growth during the forecast period. The power generated from solar and wind power plants is intermittent and variable in nature. Consequently, synchrophasors are now being incorporated into power grids to identify stress points and to maintain stability in the grid.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the synchrophasors market in the US. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2019?
• What are the key factors driving the synchrophasors market in the US?
• What are the key market trends impacting the growth of the synchrophasors market in the US?
• What are the challenges to market growth?
• Who are the key vendors in the synchrophasors market in the US?
• What are the market opportunities and threats faced by the vendors in the synchrophasors market in the US?
• What are the key outcomes of the five forces analysis of the synchrophasors market in the US?

Technavio also offers customization on reports based on specific client requirement.

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