Lucintel Forecasts the Synchrophasor Market in United States to Reach $1 Billion by 2031
Lucintel Forecasts the Synchrophasor Market in United States to Reach $1 Billion by 2031
Blog Article
According to a market report by Lucintel, the future of the synchrophasor market in United States looks promising with opportunities in the fault analysis, state estimation, stability monitoring, power system control, operational monitoring, and improve grid visualization markets. The synchrophasor market in United States is expected to reach an estimated $1 billion by 2031 with a CAGR of 17.2% from 2025 to 2031. The major drivers for this market are the modernization of power grid infrastructure, the high occurrence of power failures, and rising investments in smart grid projects.
A more than 150-page report to understand trends, opportunity and forecast in synchrophasor market in United States to 2031 by component (hardware and software), and application (fault analysis, state estimation, stability monitoring, power system control, operational monitoring, improve grid visualization, and others).
Lucintel forecasts that, within the component category, hardware will remain the larger segment over the forecast period due to the high need for measuring and synchronizing the phase angle and magnitude of electrical quantities.
Within the application category, power system control is expected to witness the highest growth, as synchrophasor technology helps improve the reliability, efficiency, and security of power systems.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056