Asia Pacific Synchrophasor Market Size, Share & Trends Analysis Report By Component (Hardware, and Software), By Application, By Country and Growth Forecast, 2024 - 2031

The Asia Pacific Synchrophasor Market would witness market growth of 9.9% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Synchrophasor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $88.8 million by 2031. The Japan market is showcasing a CAGR of 9.3% during (2024 - 2031). Additionally, The India market would register a CAGR of 10.8% during (2024 - 2031).

Synchrophasors form a key component of smart grid deployments, enabling utilities to transition from traditional grid management practices to data-driven, adaptive control systems. Advanced analytics and machine learning algorithms leverage.

Moreover, these technologies enable real-time analysis of synchrophasor data to predict grid behavior, identify anomalies, and optimize grid operations. AI-driven insights enhance decision-making processes, improve grid stability, and support proactive maintenance strategies.

According to the National Investment Promotion & Facilitation Agency, renewable energy sources now boast a collective installed capacity exceeding 150 GW. As of May 2024, this capacity, including large hydropower, has expanded to 193.57 GW in India. By 2030, India aims to produce 5 million tonnes of green hydrogen, supported by 125 GW of renewable energy capacity. India recorded the highest year-on-year growth in renewable energy additions at 9.83% in 2022.

Free Valuable Insights: The Global Synchrophasor Market is Predict to reach USD 1.1 Billion by 2031, at a CAGR of 9.3%

Based on Component, the market is segmented into Hardware, and Software. Based on Application, the market is segmented into Fault Analysis, Stability Monitoring, State Estimation, Improve Grid Visualization, Operational Monitoring, Power System Control, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

• Schweitzer Engineering Laboratories, Inc. (SEL)
• Arbiter Systems, Inc.
• Vizimax Inc.
• Powerside
• ERLPhase Power Technologies Ltd.
• ABB Ltd.
• Siemens AG
• General Electric Company
• NR Electric Co., Ltd. (NARI Technology Development Limited Co.)

Asia Pacific Synchrophasor Market Report Segmentation

By Component

• Hardware
• Software

By Application

• Fault Analysis
• Stability Monitoring
• State Estimation
• Improve Grid Visualization
• Operational Monitoring
• Power System Control
• Others

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Synchrophasor Market, by Component
1.4.2 Asia Pacific Synchrophasor Market, by Application
1.4.3 Asia Pacific Synchrophasor Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis

Chapter 4. Asia Pacific Synchrophasor Market by Component
4.1 Asia Pacific Hardware Market by Country
4.2 Asia Pacific Software Market by Country

Chapter 5. Asia Pacific Synchrophasor Market by Application
5.1 Asia Pacific Fault Analysis Market by Country
5.2 Asia Pacific Stability Monitoring Market by Country
5.3 Asia Pacific State Estimation Market by Country
5.4 Asia Pacific Improve Grid Visualization Market by Country
5.5 Asia Pacific Operational Monitoring Market by Country
5.6 Asia Pacific Power System Control Market by Country
5.7 Asia Pacific Others Market by Country

Chapter 6. Asia Pacific Synchrophasor Market by Country
6.1 China Synchrophasor Market
6.1.1 China Synchrophasor Market by Component
6.1.2 China Synchrophasor Market by Application
6.2 Japan Synchrophasor Market
6.2.1 Japan Synchrophasor Market by Component
6.2.2 Japan Synchrophasor Market by Application
6.3 India Synchrophasor Market
6.3.1 India Synchrophasor Market by Component
6.3.2 India Synchrophasor Market by Application
6.4 South Korea Synchrophasor Market
6.4.1 South Korea Synchrophasor Market by Component
6.4.2 South Korea Synchrophasor Market by Application
6.5 Singapore Synchrophasor Market
6.5.1 Singapore Synchrophasor Market by Component
6.5.2 Singapore Synchrophasor Market by Application
6.6 Malaysia Synchrophasor Market
6.6.1 Malaysia Synchrophasor Market by Component
6.6.2 Malaysia Synchrophasor Market by Application
6.7 Rest of Asia Pacific Synchrophasor Market
6.7.1 Rest of Asia Pacific Synchrophasor Market by Component
6.7.2 Rest of Asia Pacific Synchrophasor Market by Application

Chapter 7. Company Profiles
7.1 ABB Ltd.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 Siemens AG
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 SWOT Analysis
7.3 General Electric Company
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 NR Electric Co., Ltd. (NARI Technology Development Limited Co.)
7.4.1 Company Overview
7.5 Schweitzer Engineering Laboratories, Inc. (SEL)
7.5.1 Company Overview
7.5.2 SWOT Analysis
7.6 Arbiter Systems, Inc.
7.6.1 Company Overview
7.6.2 SWOT Analysis
7.7 Vizimax Inc.
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Powerside
7.8.1 Company Overview
7.8.2 SWOT Analysis
7.9 ERLPhase Power Technologies Ltd.
7.9.1 Company Overview
7.9.2 SWOT Analysis

TABLE 1 Asia Pacific Synchrophasor Market, 2020 - 2023, USD Million
TABLE 2 Asia Pacific Synchrophasor Market, 2024 - 2031, USD Million
TABLE 3 Asia Pacific Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 4 Asia Pacific Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 5 Asia Pacific Hardware Market by Country, 2020 - 2023, USD Million
TABLE 6 Asia Pacific Hardware Market by Country, 2024 - 2031, USD Million
TABLE 7 Asia Pacific Software Market by Country, 2020 - 2023, USD Million
TABLE 8 Asia Pacific Software Market by Country, 2024 - 2031, USD Million
TABLE 9 Asia Pacific Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 10 Asia Pacific Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 11 Asia Pacific Fault Analysis Market by Country, 2020 - 2023, USD Million
TABLE 12 Asia Pacific Fault Analysis Market by Country, 2024 - 2031, USD Million
TABLE 13 Asia Pacific Stability Monitoring Market by Country, 2020 - 2023, USD Million
TABLE 14 Asia Pacific Stability Monitoring Market by Country, 2024 - 2031, USD Million
TABLE 15 Asia Pacific State Estimation Market by Country, 2020 - 2023, USD Million
TABLE 16 Asia Pacific State Estimation Market by Country, 2024 - 2031, USD Million
TABLE 17 Asia Pacific Improve Grid Visualization Market by Country, 2020 - 2023, USD Million
TABLE 18 Asia Pacific Improve Grid Visualization Market by Country, 2024 - 2031, USD Million
TABLE 19 Asia Pacific Operational Monitoring Market by Country, 2020 - 2023, USD Million
TABLE 20 Asia Pacific Operational Monitoring Market by Country, 2024 - 2031, USD Million
TABLE 21 Asia Pacific Power System Control Market by Country, 2020 - 2023, USD Million
TABLE 22 Asia Pacific Power System Control Market by Country, 2024 - 2031, USD Million
TABLE 23 Asia Pacific Others Market by Country, 2020 - 2023, USD Million
TABLE 24 Asia Pacific Others Market by Country, 2024 - 2031, USD Million
TABLE 25 Asia Pacific Synchrophasor Market by Country, 2020 - 2023, USD Million
TABLE 26 Asia Pacific Synchrophasor Market by Country, 2024 - 2031, USD Million
TABLE 27 China Synchrophasor Market, 2020 - 2023, USD Million
TABLE 28 China Synchrophasor Market, 2024 - 2031, USD Million
TABLE 29 China Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 30 China Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 31 China Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 32 China Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 33 Japan Synchrophasor Market, 2020 - 2023, USD Million
TABLE 34 Japan Synchrophasor Market, 2024 - 2031, USD Million
TABLE 35 Japan Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 36 Japan Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 37 Japan Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 38 Japan Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 39 India Synchrophasor Market, 2020 - 2023, USD Million
TABLE 40 India Synchrophasor Market, 2024 - 2031, USD Million
TABLE 41 India Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 42 India Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 43 India Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 44 India Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 45 South Korea Synchrophasor Market, 2020 - 2023, USD Million
TABLE 46 South Korea Synchrophasor Market, 2024 - 2031, USD Million
TABLE 47 South Korea Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 48 South Korea Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 49 South Korea Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 50 South Korea Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 51 Singapore Synchrophasor Market, 2020 - 2023, USD Million
TABLE 52 Singapore Synchrophasor Market, 2024 - 2031, USD Million
TABLE 53 Singapore Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 54 Singapore Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 55 Singapore Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 56 Singapore Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 57 Malaysia Synchrophasor Market, 2020 - 2023, USD Million
TABLE 58 Malaysia Synchrophasor Market, 2024 - 2031, USD Million
TABLE 59 Malaysia Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 60 Malaysia Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 61 Malaysia Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 62 Malaysia Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 63 Rest of Asia Pacific Synchrophasor Market, 2020 - 2023, USD Million
TABLE 64 Rest of Asia Pacific Synchrophasor Market, 2024 - 2031, USD Million
TABLE 65 Rest of Asia Pacific Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 66 Rest of Asia Pacific Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 67 Rest of Asia Pacific Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 68 Rest of Asia Pacific Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 69 Key Information – ABB Ltd.
TABLE 70 Key Information – Siemens AG
TABLE 71 Key Information – General Electric Company
TABLE 72 Key information – NR Electric Co., Ltd.
TABLE 73 Key Information – Schweitzer Engineering Laboratories, Inc. (SEL)
TABLE 74 Key Information – Arbiter Systems, Inc.
TABLE 75 Key Information – Vizimax Inc.
TABLE 76 Key Information – Powerside
TABLE 77 Key Information – ERLPhase Power Technologies Ltd.

List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Synchrophasor Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Synchrophasor Market
FIG 4 Porter’s Five Forces Analysis – Synchrophasor Market
FIG 5 Asia Pacific Synchrophasor Market share by Component, 2023
FIG 6 Asia Pacific Synchrophasor Market share by Component, 2031
FIG 7 Asia Pacific Synchrophasor Market by Component, 2020 - 2031, USD Million
FIG 8 Asia Pacific Synchrophasor Market share by Application, 2023
FIG 9 Asia Pacific Synchrophasor Market share by Application, 2031
FIG 10 Asia Pacific Synchrophasor Market by Application, 2020 - 2031, USD Million
FIG 11 Asia Pacific Synchrophasor Market share by Country, 2023
FIG 12 Asia Pacific Synchrophasor Market share by Country, 2031
FIG 13 Asia Pacific Synchrophasor Market by Country, 2020 - 2031, USD Million
FIG 14 SWOT Analysis: ABB ltd.
FIG 15 SWOT Analysis: Siemens AG
FIG 16 SWOT Analysis: General electric Company
FIG 17 SWOT Analysis: Schweitzer Engineering Laboratories, Inc. (SEL)
FIG 18 SWOT Analysis: Arbiter Systems, Inc.
FIG 19 SWOT Analysis: Vizimax Inc.
FIG 20 SWOT Analysis: Powerside
FIG 21 SWOT Analysis: ERLPhase Power Technologies Ltd.