Synchrophasors Market in the US 2014-2018

2014-06-30
Price :
Published : Jun-2014
No. of Pages : 81

Report Description

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 measurements obtained by the synchrophasors are used to improve grid visualization, operational monitoring, power system control, stability monitoring, state estimation, and fault analysis. Each measurement taken by a synchrophasor is time-stamped according to a common time reference. This helps synchrophasors from different utilities to be combined and synchronized, which presents a comprehensive view of a regional interconnection. The data collected by synchrophasors thus determine the grid stress and help take decisions to maintain reliability of the grid.

TechNavio’s analysts forecast the Synchrophasors market in the US will grow at a CAGR of 30.1 percent over the period 2014-2018.

Covered in this Report

This report covers the present scenario and the growth prospects of the Synchrophasors market in the US for the period 2014-2018. The forecasting for the market has been done for both the number of synchrophasor units and their revenue. It also provides a list of existing synchrophasor projects in the US along with their details.

TechNavio’s report, the Synchrophasors Market in the US 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the US; it also covers the Synchrophasors market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors

  • ABB Ltd.
  • Alstom Grid SAS
  • Arbiter Systems, Inc.
  • Schweitzer Engineering Laboratories, Inc.
  • Siemens Energy, Inc

Other Prominent Vendors

  • AEG Applied Energy Group, Inc.
  • Comverge, Inc.
  • ERLPhase Power Technologies Ltd.
  • Green Mountain Power Corporation
  • Macrodyne, Inc.
  • Utility Systems, Inc.

Key Market Driver

  • Increasing Smart Grid Investments
  • For a full, detailed list, view our report

Key Market Challenge

  • Interoperability Issues
  • For a full, detailed list, view our report

Key Market Trend

  • Increasing Incorporation of Renewable Energy Sources
  • For a full, detailed list, view our report

Key Questions Answered in this Report

  • What will the market size be in 2018 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Table of Contents

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings

04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology

05. Introduction

06. Market Landscape
06.1 Market Size and Forecast
06.2 Five Forces Analysis

07. Advanced Applications of Synchrophasors
07.1 Online Applications
07.2 Offline Applications

08. Major Synchrophasors Projects in US

09. Buying Criteria

10. Market Growth Drivers

11. Drivers and their Impact

12. Market Challenges

13. Impact of Drivers and Challenges

14. Market Trends

15. Trends and their Impact

16. Vendor Landscape
16.1 Competitive Scenario
16.1.1 Key News
16.1.2 Mergers and Acquisitions
16.2 Market Share Analysis 2013
16.3 Other Prominent Vendors

List of Exhibits

Exhibit 1: Market Research Methodology
Exhibit 2: US Synchrophasors Market 2013-2018 (Units)
Exhibit 3: US Synchrophasors Market 2013-2018 (Revenue)

Press Release

TechNavio Announces the Publication of its Research Report - Synchrophasors Market in the US 2014-2018

TechNavio recognizes the following companies as the key players in Synchrophasors Market in the US: ABB Ltd., Alstom Grid SAS, Arbiter Systems, Inc., Schweitzer Engineering Laboratories, Inc., Siemens Energy, Inc , AEG Applied Energy Group, Inc., Comverge, Inc., ERLPhase Power Technologies Ltd., GreenMountain Power Corporation , Macrodyne, Inc., Utility Systems Inc.

Commenting on the report, an analyst from TechNavio’s team said: “The US is one of the leading nations in the global effort to use renewable energy sources. The integration of renewable energy sources into the smart grids will help reduce the carbon footprint of the electric power systems. The gradual increase in energy generation in the US has been an important factor that has led the federal government to consider increasing the share of renewable energy sources in the electricity generation mix. The key modes of power generation in the US are still natural gas, coal, nuclear, and hydroelectric. The recent increases in the price of fossil fuels and concerns over the depleting non-renewable energy resources have prompted the country to shift its focus to renewable sources such as wind and solar energy.a”

According to the report, the increase in smart grid investments is a major growth driver. With the increasing number of successful smart grid projects in the country, investors and the US government are gaining confidence to spend more on the technology, resulting in an increase in investments.

Further, the report states that one of the main challenges is the interoperability issues. Large-scale adaptation of the synchrophasor technology requires interoperability of all the components supplied by different vendors.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Filed in: Energy & Power
Publisher : Infiniti Research Limited
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