US Synchrophasors Market to Grow at a 30.1% CAGR by 2018 a New Research Report at Sandlerresearch.org
Dallas, Texas (PRWEB) July 11, 2014 -- 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.
Analysts forecast the Synchrophasors market in US will grow at a CAGR of 30.1 percent over the period 2014-2018. 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.
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. Report 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.
The report 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.
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Key Market Driver
• Increasing Smart Grid Investments
Key Market Challenge
• Interoperability Issues
Key Market Trend
• Increasing Incorporation of Renewable Energy Sources
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.
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)
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Ritesh Tiwari, Sandlerresearch.org, http://www.sandlerresearch.org/, +1 (888) 391-5441, [email protected]
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