Synchrophasor Market Research Report: Market Size Evolution, Share, Promotion Factors, Trends Forecast 2026-2034
Synchrophasor Market Research Report: Market Size Evolution, Share, Promotion Factors, Trends Forecast 2026-2034
According to a new report published by Fortune business Insights titled "Synchrophasor Market," the global Synchrophasor Market size
The global synchrophasor market size was valued at USD 300.08 million in 2025. It is projected to be worth USD 322.19 million in 2026 and reach USD 725.86 million by 2034, exhibiting a CAGR of 10.69% during the forecast period.
Rising investments in renewable energy infrastructure, modernization of aging power plants, and increasing demand for integrated project delivery models are key factors driving market growth.
Get a Sample Research PDF: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/113508
Introduction: Role of Synchrophasor Market in Global Power Infrastructure:
The Synchrophasor Market encompasses engineering, procurement, and construction services provided for power generation facilities across thermal, renewable, and nuclear segments. Synchrophasor Market contractors deliver end-to-end solutions-from conceptual design and equipment procurement to construction, commissioning, and performance testing.
The Synchrophasor Market model is widely preferred in power plant development due to the complex, capital-intensive, and high-risk nature of such projects. By transferring technical, financial, and execution risks to Synchrophasor Market contractors, developers ensure better coordination, cost control, and timely project completion. As global energy systems undergo rapid transformation, the Synchrophasor Market plays a critical role in enabling reliable, efficient, and sustainable electricity generation worldwide.
The Major Key Market Players Covered in this Report:
Schweitzer Engineering Laboratories, Inc. (U.S.)
Powerside (U.S.)
Electro Industries GaugeTech (U.S.)
GE Vernonva (U.S.)
VIZIMAX (Canada)
Siemens (Germany)
WAMSTER (Croatia)
Arbiter Systems (U.S.)
NR Electric Co., Ltd. (China)
Hitachi Energy (Switzerland)
Electric Power Group (U.S.)
Valiant Communications Limited (India)
The market is expected to witness significant growth owing to factors such as the increasing trend of smart grids/advanced grids for reliability and resilience grid, which has led to increasing demand for synchrophasors.
Synchrophasor Market Dynamics
The surge in demand for renewable energy is a major driver of the Synchrophasor Market. Governments and private investors are increasingly prioritizing clean energy projects to meet climate targets and reduce dependence on fossil fuels. Synchrophasor Market firms are actively engaged in turnkey renewable projects that include solar, wind, hydropower, and hybrid systems integrated with energy storage. Additionally, Synchrophasor Market are increasingly adopting advanced project management tools, modular construction techniques, and digital technologies to improve efficiency and reduce project timelines. These innovations further strengthen the growth outlook of the Synchrophasor Market.
Regional Analysis: Asia-Pacific Leads the Market
Region-wise, the Synchrophasor Market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific emerged as the highest revenue contributor, supported by rapid industrialization, population growth, and strong government investments in power infrastructure.
India's Synchrophasor Market reflected a balanced mix of thermal, nuclear, and renewable projects. In the nuclear segment, NPCIL awarded Synchrophasor Market for Kaiga-5 and Kaiga-6 units, reinforcing India's diversified energy strategy.
Simultaneously, large-scale solar-plus-storage projects and upgrades under the Green Energy Corridor program are driving demand for renewable energy transmission and integration across multiple states.
Market Segmentation of Synchrophasor Market :
By Component
Phasor Measurement Unit (PMU)
Phasor Data Concentrator
Others
By Application
Monitoring and Analysis
Control
Offline Applications
Scope of the Synchrophasor Market 2026-2034 :
The Synchrophasor Market 2026-2034 encompasses a fast-evolving ecosystem of technologies, services, and end-use industries. Our holistic approach tracks the entire value chain-from raw material providers and manufacturers to solution integrators and end consumers-across core regions like North America, Europe, Asia-Pacific, and emerging markets. The report also examines regulatory frameworks, ESG trends, innovation pipelines, and investment outlooks-positioning this study as an end-to-end roadmap for stakeholders navigating growth, risk, and transformation.
Conclusion
The global Synchrophasor Market is poised for steady growth over the next decade, driven by renewable energy investments, infrastructure modernization, and the need for integrated project delivery solutions. While fossil fuel dependency presents challenges, the accelerating transition toward clean energy and large-scale green field projects is expected to create substantial opportunities . As governments and utilities prioritize energy security and sustainability, services will remain central to the future of global power generation.
Highlights of Our Report:
Extensive Market Analysis: A deep dive into the manufacturing capabilities, production volumes, and technological innovations within the Synchrophasor Market 2026-2034.
Corporate Insights: An in-depth review of company profiles, spotlighting major players and their strategic manoeuvres in the market's competitive arena.
Consumption Trends: A detailed analysis of consumption patterns, offering insight into current demand dynamics and consumer preferences.
Segmentation Details: An exhaustive breakdown of end-user segments, depicting the market's spread across various applications and industries.
Pricing Evaluation: A study of pricing structures and the elements influencing market pricing strategies.
Future Outlook: Predictive insights into market trends, growth prospects, and potential challenges ahead.
Key Benefits of the Report:
Data-driven insights into trends, opportunities, and challenges from 2026 to 2034
Forecasts of revenue by segment and region
Competitive landscape benchmarking and market share analysis
Regulatory and innovation trend impact assessments
Strategy frameworks (Porter's Five Forces, SWOT, PESTEL)
In-depth analysis of emerging growth strategies and disruptions
Points Covered in Table of Content of Global Synchrophasor Market:
Chapter 01 - Synchrophasor Market Executive Summary
Chapter 02 - Market Overview
Chapter 03 - Key Success Factors
Chapter 04 - Global Synchrophasor Market - Pricing Analysis
Chapter 05 - Global Synchrophasor Market Background or History
Chapter 06 - Global Synchrophasor Market Segmentation (e.g. Type, Application)
Chapter 07 - Key and Emerging Countries Analysis Worldwide Polyester Fiber Market
Chapter 08 - Global Synchrophasor Market Structure & worth Analysis
Chapter 09 - Global Synchrophasor Market Competitive Analysis & Challenges
Chapter 10 - Assumptions and Acronyms
Chapter 11 - Digital Synchrophasor Market Research Method.
Related Reports:
Enterprise Storage System Market
Carrier Routing Equipment Market
Spinal Cord Trauma Treatment Market
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
US:+18339092966
UK: +448085020280
APAC: +91 744 740 1245