Synchrophasors Market in the US 2014-2018: Key Vendors are ABB, Alstom, Arbiter, Schweitzer and Siemens
03 Oct, 2014, 11:22 BST
DUBLIN, Oct. 3, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Synchrophasors Market in the US 2014-2018" report to their offering.
Synchrophasors use phasor measurement units (PMUs) as monitoring devices that measure current, instantaneous voltage, and frequency at specific locations on an electric grid. This provides the operators with a real-time picture of the grid system helping them to make decisions to prevent power outage.
The measurements obtained by the synchrophasors are used to improve grid visualization, operational monitoring, power system control, stability monitoring, state estimation, and fault analysis. Each measurement taken by a synchrophasor is time-stamped according to a common time reference. This helps synchrophasors from different utilities to be combined and synchronized, which presents a comprehensive view of a regional interconnection. The data collected by synchrophasors thus determine the grid stress and help take decisions to maintain reliability of the grid.
The analysts forecast the Synchrophasors market in the US will grow at a CAGR of 30.1 percent over the period 2014-2018.
This report covers the present scenario and the growth prospects of the Synchrophasors market in the US for the period 2014-2018. The forecasting for the market has been done for both the number of synchrophasor units and their revenue. It also provides a list of existing synchrophasor projects in the US along with their details.
The report, the Synchrophasors Market in the US 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the US; it also covers the Synchrophasors market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The US is one of the leading nations in the global effort to use renewable energy sources. The integration of renewable energy sources into the smart grids will help reduce the carbon footprint of the electric power systems. The gradual increase in energy generation in the US has been an important factor that has led the federal government to consider increasing the share of renewable energy sources in the electricity generation mix.
The key modes of power generation in the US are still natural gas, coal, nuclear, and hydroelectric. The recent increases in the price of fossil fuels and concerns over the depleting non-renewable energy resources have prompted the country to shift its focus to renewable sources such as wind and solar energy.
According to the report, the increase in smart grid investments is a major growth driver. With the increasing number of successful smart grid projects in the country, investors and the US government are gaining confidence to spend more on the technology, resulting in an increase in investments.
Further, the report states that one of the main challenges is the interoperability issues. Large-scale adaptation of the synchrophasor technology requires interoperability of all the components supplied by different vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
05. Introduction
06. Market Landscape
07. Advanced Applications of Synchrophasors
08. Major Synchrophasors Projects in US
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
Companies Mentioned:
- ABB Ltd.
- Alstom Grid SAS
- Arbiter Systems
- Schweitzer Engineering Laboratories
- Siemens Energy
- AEG Applied Energy Group
- Comverge
- ERLPhase Power Technologies Ltd.
- GreenMountain Power Corporation
- Macrodyne
- Utility Systems
For more information visit http://www.researchandmarkets.com/research/hssnc9/synchrophasors
Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net
SOURCE Research and Markets