Wide area monitoring systems help power system operators continuously analyze all the features of a large power network in real time. Utilizing phasor measurement units (PMUs), information can be recorded and monitored to detect disturbances and improve knowledge of network behavior under dynamic conditions, enabling system operators to maximize power flow and network stability.
The increasing investments in smart grid projects is expected to be one of the major substation wide area monitoring system market drivers during the forecast period. Smart grid projects with the implementation of the wide area monitoring technology have created an influence on utility consumers based on uninterrupted power. The smart grids offer advantages such as peak load and outage management, offers lower number of transformer failures, and reduction and instant recovery of unexpected power failures. This will lead to the increased demand for substation wide area monitoring system market.
The Americas is estimated to the major revenue contributor to the substation wide area monitoring system market throughout the forecast period.
The Substation Wide Area Monitoring System market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Substation Wide Area Monitoring System.
This report presents the worldwide Substation Wide Area Monitoring System market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Electric Power Group
Substation Wide Area Monitoring System Breakdown Data by Type
Phasor Measurement Units (PMUs)
Phasor Data Concentrators (PDCs)
Substation Wide Area Monitoring System Breakdown Data by Application
Substation Wide Area Monitoring System Production by Region
Substation Wide Area Monitoring System Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Substation Wide Area Monitoring System status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Substation Wide Area Monitoring System manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Substation Wide Area Monitoring System :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Substation Wide Area Monitoring System market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.