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 global Substation Wide Area Monitoring System market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.
This report studies the Substation Wide Area Monitoring System market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Substation Wide Area Monitoring System in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Electric Power Group
By the product type, the market is primarily split into
Phasor Measurement Units (PMUs)
Phasor Data Concentrators (PDCs)
By the end users/application, this report covers the following segments
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Substation Wide Area Monitoring System market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Substation Wide Area Monitoring System market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Substation Wide Area Monitoring System manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Substation Wide Area Monitoring System with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Substation Wide Area Monitoring System submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Substation Wide Area Monitoring System are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 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.
Raw material suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Substation Wide Area Monitoring System market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.