Global Synchrophasors Industry: Key Statistics and Insights in 2025-2033

Summary:

• The global synchrophasors market size reached USD 380.9 Million in 2024.
• The market is expected to reach USD 1,601.7 Million by 2033, exhibiting a growth rate (CAGR) of 16.44% during 2025-2033.
• North America's leads the market, accounting for the largest synchrophasors market share.
• The market is divided into two groups: software components and hardware components.
• It has been further broken down into several applications, including improved grid visualization, fault analysis, state estimation, stability monitoring, power system control, and operational monitoring.
• The global shift to renewable energy is making electrical networks less stable. It is also increasing their uncertainty. This is due to the rise of decentralized power generation.
• The industry is growing because governments worldwide are enforcing strict laws to improve grid resilience and energy efficiency.

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Industry Trends and Drivers:

• Growth of Renewable Energy and Grid Modernization:

As solar and wind power grow, the demands on grid monitoring change. Synchrophasors provide instant insights, helping to keep the system stable and integrate renewables more effectively. These tools are becoming more vital than ever as we shift to cleaner energy sources worldwide. Utilities use their real-time data to navigate the complexities of modern power systems, making sure electricity is distributed reliably despite changing circumstances.

• Enhanced Grid Security and Resilience:

Threats to the power grid are a constant concern, ranging from physical attacks to digital intrusions. Synchrophasors serve as vigilant sentinels, providing real-time insight into these threats. These tools quickly identify anomalies, protecting against both physical damage and virtual attacks. With their constant vigilance, the grid remains strong, reliable, and prepared to withstand any disruption.

• Advanced Grid Analytics and Decision-Making:

Synchrophasors generate a large amount of data that can be examined using advanced analytics. This data helps identify issues and also provides valuable insights into how well the grid is performing. By using AI and machine learning, utilities can boost customer satisfaction, make their operations more effective, and increase efficiency. Synchrophasors also support predictive maintenance and data-driven decision-making, which leads to cost savings and increased consistency.

We explore the factors driving the growth of the market, including technological advancements, consumer behaviors, and regulatory changes, along with emerging synchrophasors market trends.

Synchrophasors Market Report Segmentation:

By Component:

• Hardware
• Software

Based on the component, the market has been bifurcated into hardware and software.

By Application:

• Fault Analysis
• State Estimation
• Stability Monitoring
• Power System Control
• Operational Monitoring
• Improve Grid Visualization
• Others

On the basis of the application, the market has been divided into fault analysis, state estimation, stability monitoring, power system control, operational monitoring, improve grid visualization, and others.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

North America's dominance in the synchrophasors market is attributed to the increasing automation of business operations and rising focus on renewable energy sources.

Top Synchrophasors Market Leaders:

The synchrophasors market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• ABB Ltd.
• Arbiter Systems Inc.
• Electric Power Group LLC
• General Electric Company
• NR Electric Co. Ltd.
• Qualitrol Company LLC (Fortive Corporation)
• Schweitzer Engineering Laboratories Inc.
• Siemens AG
• Toshiba Corporation
• Vizimax Inc.

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