Synchrophasors use phasor measurement units (PMUs) as monitoring devices that measure current, instantaneous voltage, and frequency at specific locations on an electric grid. This provides the operators with a real-time picture of the grid system helping them to make decisions to prevent power outage.
The increasing need for reduced grid outages is one of the primary growth factors for this market. Power outages have become frequent due to the increased strain on infrastructure that attributes to the aging infrastructure, rise in population, and the increased demand for power. Additionally, factors such as inclement weather, equipment failure, maintenance shutdown, load-shedding, vandalism, and cyber-attacks also result in power outages. Power outages cause inconvenience to the end users and also result in huge losses for the utilities, impede emergency services, and jeopardize national security, as it compromises the communication and security systems. Utilities are attempting to implement smart grid technologies to reduce the power outages and to restore power quickly to prevent loss of data and revenue. Synchrophasors collect the voltage, current, and frequency data thus providing the operator an accurate and dynamic view of the grid that help the operators in identifying, locating, and resolving potential threats in the grid, which will result in increasing their demand during the coming years.
The Americas is estimated to be the major revenue contributor to the synchrophasors market throughout the forecast period. This is mainly due to the increased funding from the governments of countries in this region towards the development of smart grids. To enable the efficient monitoring of the grid and to improve its performance, utilities have already deployed numerous power management units (PMUs).
The Synchrophasors Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.

The report offers detailed coverage of Synchrophasors industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Synchrophasors by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Synchrophasors market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.

First, this report covers the present status and the future prospects of the global Synchrophasors market for 2015-2027.

Key Companies
ABB
Arbiter Systems
General Electric
Schweitzer Engineering Laboratories

Synchrophasors Market by Type
Hardware Components
Software Systems
Synchrophasors Market by Application
Fault Analysis
State Estimation
Stability Monitoring
Power System Control
Operational Monitoring
Improve Grid Visualization

Synchrophasors Market by Region
United States
Europe
China
Japan
South Korea
Other Regions

Synchrophasors Market Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa


At the same time, we classify Synchrophasors according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Synchrophasors market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Synchrophasors market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Synchrophasors market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.

Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Synchrophasors market for the forecast period 2021 - 2027?
• What are the driving forces in the Synchrophasors market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Synchrophasors industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

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