News on Synchrophasors Market - Global Analysis and Industry Forecast 2014 – 2020

Integration of synchrophasor measurement in multi-function recorders and protective relays and increasing investments in modernization of the power grid is expected to boost the global demand for synchrophasors market. Synchrophasor is a device which measures values such as voltage and power from phasor measurement units (PMUs). The measurements are taken at high speed and time-stamped as per the common time reference. It allows synchrophasors from different utilities to be synchronized. This provides a detailed operational overview of the entire interconnection. It helps the grid operators to detect disturbances across the grid.

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The measurements obtained by the synchrophasors are used for fault analysis, state estimation, stability monitoring, power system control, operational monitoring, and improve grid visualization. The integration of synchrophasor devices is one of the key factors in updating high voltage substations into centers of real-time information. The increasing demand for substation automation on account of the rise in adoption of smart grid technologies is anticipated to augment the global demand for synchrophasors. The synchrophasor along with communication networks and distribution feeder automation are an integral part of substation automation. This allows faster real-time information and with more reliability.

The global market for synchrophasors can be fragmented on the basis of application and geography. On the basis of applications, the global market for synchrophasors can be segmented as wide-area situational awareness, voltage monitoring and trending, state estimation, resource integration, power oscillation monitoring, and outage restoration. The market on the basis of application of synchrophasors is also segmented as operations planning, frequency stability monitoring, alarming and setting system operating limits, event detection,...