싱크로페이저 시장 규모, 점유율, 성장 및 세계 산업 분석 : 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of synchrophasor Market

The global synchrophasor market is witnessing significant momentum as utilities increasingly transition toward modern, digital, and resilient grid infrastructures. According to the report, the market was valued at USD 282.42 million in 2024, is expected to rise to USD 300.08 million by 2025, and is projected to reach USD 649.42 million by 2032, reflecting a strong CAGR of 11.66%. In 2024, North America led the market with a 37.46% share, supported by high smart-grid adoption, early PMU deployment programs, and strong regulatory backing.

Synchrophasors-also known as synchronized phasors-provide real-time measurements of electrical parameters across the power grid. These measurements are collected by Phasor Measurement Units (PMUs) and transmitted to Phasor Data Concentrators (PDCs) for wide-area analysis and control. These high-precision, time-synchronized data streams enable utilities to identify faults, detect instability, and enhance situational awareness across large geographical regions, improving both operational efficiency and system reliability. With the global shift toward smart grids, PMUs have become critical components in maintaining grid resilience, accommodating renewable energy integration, and preventing large-scale outages.

Market Dynamics

Market Driver - Economic Advantages Strengthen Adoption

The deployment of synchrophasor technology delivers major operational and economic advantages. Utilities benefit from reduced operations and maintenance costs, improved asset utilization, and enhanced visibility into system performance. By enabling continuous monitoring of voltage, frequency, and phase angles, synchrophasors significantly reduce outage risk and optimize grid performance. These efficiencies translate into long-term cost savings for utilities and end consumers, encouraging wider deployment across regional and national grids.

Market Driver - Grid Modernization Spurs PMU Installations

Aging grid infrastructure is a major global concern. Many countries face challenges such as equipment failures, blackouts, and limited integration capacity for renewable energy sources. Synchrophasors address these issues by providing real-time data essential for system operators to make accurate decisions during grid disturbances. Their ability to support renewable integration, stabilize grid operations, and reduce losses makes PMUs indispensable for grid modernization efforts.

Market Restraint - High Initial Costs

Despite their benefits, high installation and integration costs remain a major barrier. Synchrophasor systems require PMUs, PDCs, storage, software, communication networks, cybersecurity layers, and skilled personnel. This increases upfront costs, particularly for utilities in developing economies. However, increasing government support and tech advancements are expected to reduce costs over time.

Market Opportunity - Digitization of Grid Infrastructure

The global transition to clean energy is accelerating grid digitalization. With renewable penetration increasing, power systems are facing greater variability, requiring advanced tools for forecasting, monitoring, and control. The International Energy Agency notes that digital technologies can save USD 1.8 trillion in global grid investment by 2050. As utilities aim to achieve net-zero goals, investments in PMU-based Wide Area Monitoring Systems (WAMS) are expected to grow significantly.

Market Challenge - Cybersecurity Risks

Synchrophasor systems generate sensitive real-time data, making cybersecurity a critical concern. Data confidentiality, integrity, and availability must be protected end-to-end-from PMUs to PDCs and control centers. Cyber threats such as data tampering or denial-of-service attacks can compromise system reliability, requiring robust protection frameworks.

Market Trends

A major trend is the growing global recognition and certification of synchrophasor systems. For example, Hitachi ABB Power Grids' RES670 PMU received IEEE certification, strengthening trust and accelerating global adoption. International conformity testing enhances technological credibility and promotes competitive differentiation.

Segmentation Overview

By Component

Phasor Measurement Units (PMUs) dominate the market as core hardware devices for real-time phasor data collection. Phasor Data Concentrators (PDCs) serve as essential intermediaries, aggregating and synchronizing PMU data for advanced monitoring and control applications.

By Application

The monitoring and analysis segment holds the largest share, fueled by growing deployment of PMUs for wide-area monitoring, disturbance detection, and stability analysis.

Offline applications-including post-event analysis and model validation-also play a critical role in improving system planning and reliability.

Regional Insights

North America - Market Leader

Valued at USD 105.80 million in 2024, North America remains the dominant region due to robust smart-grid investments and early PMU deployment through U.S. Department of Energy programs such as SGIG and SGDP.

Europe

Driven by decarbonization targets and high renewable integration, Europe is expanding WAMS deployment through TSOs such as TenneT and National Grid.

Asia Pacific

Rapid grid expansion, urbanization, and blackout risks in India, China, and Southeast Asia drive significant demand for grid-stability solutions such as synchrophasors.

Latin America & Middle East/Africa

These regions are in early adoption phases but are expected to grow steadily as renewable penetration rises and grid modernization programs advance.

Conclusion

With the market expanding from USD 282.42 million in 2024 to USD 649.42 million by 2032, synchrophasors are becoming central to global grid modernization efforts. Their role in enabling real-time grid visibility, renewable integration, and operational reliability positions them as essential technologies for the future of electricity networks.

Segmentation By Component

• Phasor Measurement Unit (PMU)
• Phasor Data Concentrator
• Others

By Application

• Monitoring and Analysis
• Control
• Offline Applications

By Region

• North America (By Component, Application, and Country)
  • U.S. (By Application)
  • Canada (By Application)
• Europe (By Component, Application, and Country)
  • Germany (By Application)
  • U.K. (By Application)
  • France (By Application)
  • Italy (By Application)
  • Spain (By Application)
  • Russia (By Application)
  • Rest of Europe (By Application)
• Asia Pacific (By Component, Application, and Country)
  • China (By Application)
  • Japan (By Application)
  • India (By Application)
  • Australia (By Application)
  • Southeast Asia (By Application)
  • Rest of Asia Pacific (By Application)
• Latin America (By Component, Application, and Country)
  • Brazil (By Application)
  • Mexico (By Application)
  • Rest of Latin America (By Application)
• Middle East & Africa (By Component, Application, and Country)
  • GCC (By Application)
  • South Africa (By Application)
  • Rest of the Middle East & Africa (By Application)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions & Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Emerging Trends - For Major Countries
• 4.2. Latest Technological Advancement
• 4.3. Insight on Regolatory Landscape
• 4.4. Porters Five Forces Analysis
• 4.5. Impact of Tariff on the Global Synchrophasor Market

5. Global Synchrophasor Market (USD Million) Analysis, Insights, and Forecast, 2019-2032

• 5.1. Key Findings
• 5.2. Market Analysis, Insights, and Forecast - By Component
  • 5.2.1. Phasor Measurement Unit (PMU)
  • 5.2.2. Phasor Data Concentrator
  • 5.2.3. Others
• 5.3. Market Analysis, Insights, and Forecast - By Application
  • 5.3.1. Monitoring and Analysis
  • 5.3.2. Control
  • 5.3.3. Offline Applications
• 5.4. Market Analysis, Insights, and Forecast - By Region
  • 5.4.1. North America
  • 5.4.2. Europe
  • 5.4.3. Asia Pacific
  • 5.4.4. Latin America
  • 5.4.5. Middle East & Africa

6. North America Synchrophasor Market (USD Million), Analysis, Insights, and Forecast, 2019-2032

• 6.1. Key Findings
• 6.2. Market Analysis, Insights, and Forecast - By Component
  • 6.2.1. Phasor Measurement Unit (PMU)
  • 6.2.2. Phasor Data Concentrator
  • 6.2.3. Others
• 6.3. Market Analysis, Insights, and Forecast - By Application
  • 6.3.1. Monitoring and Analysis
  • 6.3.2. Control
  • 6.3.3. Offline Applications
• 6.4. Market Analysis, Insights, and Forecast - By Country
  • 6.4.1. S. Market Analysis, Insights, and Forecast - By Application
    • 6.4.1.1. Monitoring and Analysis
    • 6.4.1.2. Control
    • 6.4.1.3. Offline Applications
  • 6.4.2. Canada Market Analysis, Insights, and Forecast - By Application
    • 6.4.2.1. Monitoring and Analysis
    • 6.4.2.2. Control
    • 6.4.2.3. Offline Applications

7. Europe Synchrophasor Market (USD Million) Analysis, Insights, and Forecast, 2019-2032

• 7.1. Key Findings
• 7.2. Market Analysis, Insights, and Forecast - By Component
  • 7.2.1. Phasor Measurement Unit (PMU)
  • 7.2.2. Phasor Data Concentrator
  • 7.2.3. Others
• 7.3. Market Analysis, Insights, and Forecast - By Application
  • 7.3.1. Monitoring and Analysis
  • 7.3.2. Control
  • 7.3.3. Offline Applications
• 7.4. Market Analysis, Insights, and Forecast - By Country
  • 7.4.1. Germany Market Analysis, Insights, and Forecast - By Application
    • 7.4.1.1. Monitoring and Analysis
    • 7.4.1.2. Control
    • 7.4.1.3. Offline Applications
  • 7.4.2. UK Market Analysis, Insights, and Forecast - By Application
    • 7.4.2.1. Monitoring and Analysis
    • 7.4.2.2. Control
    • 7.4.2.3. Offline Applications
  • 7.4.3. France Market Analysis, Insights, and Forecast - By Application
    • 7.4.3.1. Monitoring and Analysis
    • 7.4.3.2. Control
    • 7.4.3.3. Offline Applications
  • 7.4.4. Italy Market Analysis, Insights, and Forecast - By Application
    • 7.4.4.1. Monitoring and Analysis
    • 7.4.4.2. Control
    • 7.4.4.3. Offline Applications
  • 7.4.5. Spain Market Analysis, Insights, and Forecast - By Application
    • 7.4.5.1. Monitoring and Analysis
    • 7.4.5.2. Control
    • 7.4.5.3. Offline Applications
  • 7.4.6. Russia Market Analysis, Insights, and Forecast - By Application
    • 7.4.6.1. Monitoring and Analysis
    • 7.4.6.2. Control
    • 7.4.6.3. Offline Applications
  • 7.4.7. Rest of Europe Market Analysis, Insights, and Forecast - By Application
    • 7.4.7.1. Monitoring and Analysis
    • 7.4.7.2. Control
    • 7.4.7.3. Offline Application

8. Asia Pacific Synchrophasor Market (USD Million) Analysis, Insights, and Forecast, 2019-2032

• 8.1. Key Findings
• 8.2. Market Analysis, Insights, and Forecast - By Component
  • 8.2.1. Phasor Measurement Unit (PMU)
  • 8.2.2. Phasor Data Concentrator
  • 8.2.3. Others
• 8.3. Market Analysis, Insights, and Forecast - By Application
  • 8.3.1. Monitoring and Analysis
  • 8.3.2. Control
  • 8.3.3. Offline Applications
• 8.4. Market Analysis, Insights, and Forecast - By Country
  • 8.4.1. China Market Analysis, Insights, and Forecast - By Application
    • 8.4.1.1. Monitoring and Analysis
    • 8.4.1.2. Control
    • 8.4.1.3. Offline Applications
  • 8.4.2. Japan Market Analysis, Insights, and Forecast - By Application
    • 8.4.2.1. Monitoring and Analysis
    • 8.4.2.2. Control
    • 8.4.2.3. Offline Applications
  • 8.4.3. India Market Analysis, Insights, and Forecast - By Application
    • 8.4.3.1. Monitoring and Analysis
    • 8.4.3.2. Control
    • 8.4.3.3. Offline Applications
  • 8.4.4. Australia Market Analysis, Insights, and Forecast - By Application
    • 8.4.4.1. Monitoring and Analysis
    • 8.4.4.2. Control
    • 8.4.4.3. Offline Applications
  • 8.4.5. Southeast Asia Market Analysis, Insights, and Forecast - By Application
    • 8.4.5.1. Monitoring and Analysis
    • 8.4.5.2. Control
    • 8.4.5.3. Offline Applications
  • 8.4.6. Rest of Asia Pacific Market Analysis, Insights, and Forecast - By Application
    • 8.4.6.1. Monitoring and Analysis
    • 8.4.6.2. Control
    • 8.4.6.3. Offline Applications

9. Latin America Synchrophasor Market (USD Million) Analysis, Insights, and Forecast, 2019-2032

• 9.1. Key Findings
• 9.2. Market Analysis, Insights, and Forecast - By Component
  • 9.2.1. Phasor Measurement Unit (PMU)
  • 9.2.2. Phasor Data Concentrator
  • 9.2.3. Others
• 9.3. Market Analysis, Insights, and Forecast - By Application
  • 9.3.1. Monitoring and Analysis
  • 9.3.2. Control
  • 9.3.3. Offline Applications
• 9.4. Market Analysis, Insights, and Forecast - By Country
  • 9.4.1. Brazil Market Analysis, Insights, and Forecast - By Application
    • 9.4.1.1. Monitoring and Analysis
    • 9.4.1.2. Control
    • 9.4.1.3. Offline Applications
  • 9.4.2. Mexico Market Analysis, Insights, and Forecast - By Application
    • 9.4.2.1. Monitoring and Analysis
    • 9.4.2.2. Control
    • 9.4.2.3. Offline Applications
  • 9.4.3. Rest of Latin America Market Analysis, Insights, and Forecast - By Application
    • 9.4.3.1. Monitoring and Analysis
    • 9.4.3.2. Control
    • 9.4.3.3. Offline Applications

10. Middle East & Africa Synchrophasor Market (USD Million) Analysis, Insights, and Forecast, 2019-2032

• 10.1. Key Findings
• 10.2. Market Analysis, Insights, and Forecast - By Component
  • 10.2.1. Phasor Measurement Unit (PMU)
  • 10.2.2. Phasor Data Concentrator
  • 10.2.3. Others
• 10.3. Market Analysis, Insights, and Forecast - By Application
  • 10.3.1. Monitoring and Analysis
  • 10.3.2. Control
  • 10.3.3. Offline Applications
• 10.4. Market Analysis, Insights, and Forecast - By Country
  • 10.4.1. GCC Market Analysis, Insights, and Forecast - By Application
    • 10.4.1.1. Monitoring and Analysis
    • 10.4.1.2. Control
    • 10.4.1.3. Offline Applications
  • 10.4.2. Sourh Africa Market Analysis, Insights, and Forecast - By Application
    • 10.4.2.1. Monitoring and Analysis
    • 10.4.2.2. Control
    • 10.4.2.3. Offline Applications
  • 10.4.3. Rest of Middle East & Africa Market Analysis, Insights, and Forecast - By Application
    • 10.4.3.1. Monitoring and Analysis
    • 10.4.3.2. Control
    • 10.4.3.3. Offline Applications

11. Competitive Analysis

• 11.1. Company Market Share Analysis, 2024
• 11.2. Company Profile
  • 11.2.1. Schweitzer Engineering Laboratories, Inc.
    • 11.2.1.1. Business Overview
    • 11.2.1.2. Product and Service Offerings
    • 11.2.1.3. Recent Developments
    • 11.2.1.4. Financials (Based on Availability)
  • 11.2.2. Powerside
    • 11.2.2.1. Business Overview
    • 11.2.2.2. Product and Service Offerings
    • 11.2.2.3. Recent Developments
    • 11.2.2.4. Financials (Based on Availability)
  • 11.2.3. Electro Industries GaugeTech
    • 11.2.3.1. Business Overview
    • 11.2.3.2. Product and Service Offerings
    • 11.2.3.3. Recent Developments
    • 11.2.3.4. Financials (Based on Availability)
  • 11.2.4. GE Vernonva
    • 11.2.4.1. Business Overview
      • 11.2.4.1.1. Product and Service Offerings
      • 11.2.4.1.2. Recent Developments
      • 11.2.4.1.3. Financials (Based on Availability)
  • 11.2.5. VIZIMAX
    • 11.2.5.1. Business Overview
    • 11.2.5.2. Product and Service Offerings
    • 11.2.5.3. Recent Developments
    • 11.2.5.4. Financials (Based on Availability)
  • 11.2.6. Siemens
    • 11.2.6.1. Business Overview
    • 11.2.6.2. Product and Service Offerings
    • 11.2.6.3. Recent Developments
    • 11.2.6.4. Financials (Based on Availability)
  • 11.2.7. WAMSTER
    • 11.2.7.1. Business Overview
    • 11.2.7.2. Product and Service Offerings
    • 11.2.7.3. Recent Developments
    • 11.2.7.4. Financials (Based on Availability)
  • 11.2.8. Arbiter Systems
    • 11.2.8.1. Business Overview
    • 11.2.8.2. Product and Service Offerings
    • 11.2.8.3. Recent Developments
    • 11.2.8.4. Financials (Based on Availability)
  • 11.2.9. NR Electric Co., Ltd.
    • 11.2.9.1. Business Overview
    • 11.2.9.2. Product and Service Offerings
    • 11.2.9.3. Recent Developments
    • 11.2.9.4. Financials (Based on Availability)
  • 11.2.10. Hitachi Energy
    • 11.2.10.1. Business Overview
    • 11.2.10.2. Product and Service Offerings
    • 11.2.10.3. Recent Developments
    • 11.2.10.4. Financials (Based on Availability)
  • 11.2.11. Electric Power Group
    • 11.2.11.1. Business Overview
    • 11.2.11.2. Product and Service Offerings
    • 11.2.11.3. Recent Developments
    • 11.2.11.4. Financials (Based on Availability)
  • 11.2.12. Valiant Communications Limited
    • 11.2.12.1. Business Overview
    • 11.2.12.2. Product and Service Offerings
    • 11.2.12.3. Recent Developments
    • 11.2.12.4. Financials (Based on Availability)