World Synchrophasors Market to Grow at 14.58% CAGR by 2021

ReportsnReports.com adds Global Synchrophasors Market 2017-2021 latest research report; the analysts forecast global synchrophasors industry to grow at a CAGR of 14.58% during the period 2017-2021.

One trend in the synchrophasors market is growing smart grid data management market. Globally the power grid is transitioning to smart grid by the use of several sensors and devices for sensing, collecting, and analyzing the operation of the grid. This transition is driven by the need to improve the grid efficiency, and managing the aging assets in the field, while also exceeding the customer expectation in terms of service and power supply reliability.

Complete report on synchrophasors market spread across 71 pages, analyzing 4 major companies and providing 28 data exhibits are now available at http://www.reportsnreports.com/reports/1041401-global-synchrophasors-market-2017-2021.html.

According to the synchrophasors market report, one driver in the market is increasing need for reducing grid outages. The aging infrastructure, the rise in population, and an increased demand on power resources have increased the strain on the infrastructure causing power outages. The exhibit below represents the year-over-year analysis of the number of outages in the US between 2009-2016 caused by inclement weather, equipment failure, maintenance shutdown, load-shedding, vandalism, and cyber-attacks.

The following companies as the key players in the global synchrophasors market: ABB, Arbiter Systems, General Electric, and Schweitzer Engineering Laboratories. Other prominent vendors in the market are: BEIJING SIFANG AUTOMATION, Comverge (part of Itron), Doble Engineering Company, Electric Power Group, ERLPhase Power Technologies, Green Mountain Power, Intel, Macrodyne, Power Sensors, PowerWorld, Quanta Technology, Schneider Electric, and Siemens. Order a copy of Global Synchrophasors Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=1041401.

Global Synchrophasors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the global synchrophasors market for 2017-2021. To calculate the market size, the report considers new installations of hardware components such as PDC, PMUs, and the software required for data management and excludes the network infrastructure and aftermarket.

Further, the report states that one challenge in the market is high cost of communication system installation. Synchrophasor technology provides a real-time situational awareness and control of the grid system. It can help utilities identify and locate disturbances across the grid network and is not geographically limited thus helping in making the grid resilient. The data collected by PMUs is timestamped using GPS signal, and the data is then sent to the PDC devices.

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The synchrophasors market study 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.

Key questions answered in this report
What will the market size be in 2021 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?

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