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

The Europe Synchrophasor Market would witness market growth of 9.1% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Synchrophasor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $72.3 million by 2031. The UK market is exhibiting a CAGR of 8.2% during (2024 - 2031). Additionally, The France market would experience a CAGR of 10.2% during (2024 - 2031).

Synchrophasors are devices that sample electrical quantities—such as voltage and current—at high speeds, typically 30 to 60 times per second, and timestamp these measurements with GPS synchronization. These synchronized measurements provide a real-time view of the grid’s health, enabling operators to swiftly detect anomalies, disturbances, and potential failures.

Additionally, unlike traditional SCADA systems, which sample data at slower rates and lack precise time synchronization, it offers unparalleled accuracy and temporal resolution.

As electricity production increases in Europe, grid operators need more accurate and real-time data to ensure stability and reliability. It provides synchronized measurements across the grid, helping operators quickly detect and respond to disturbances. As per the Eurostat, in 2021, the gross electricity production in the EU showed an increase of 4.4 % compared with 2020, at 2,907 TWh. In 2021, renewable energy sources were the largest contributors to electricity production, surpassing natural gas and manufactured gases, solid fossil fuels (coal), and nuclear energy. Increasing electricity production drives the demand for smart grid technologies

Free Valuable Insights: The Global Synchrophasor Market will Hit 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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.)

Europe 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

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Synchrophasor Market, by Component
1.4.2 Europe Synchrophasor Market, by Application
1.4.3 Europe 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. Europe Synchrophasor Market by Component
4.1 Europe Hardware Market by Country
4.2 Europe Software Market by Country

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

Chapter 6. Europe Synchrophasor Market by Country
6.1 Germany Synchrophasor Market
6.1.1 Germany Synchrophasor Market by Component
6.1.2 Germany Synchrophasor Market by Application
6.2 UK Synchrophasor Market
6.2.1 UK Synchrophasor Market by Component
6.2.2 UK Synchrophasor Market by Application
6.3 France Synchrophasor Market
6.3.1 France Synchrophasor Market by Component
6.3.2 France Synchrophasor Market by Application
6.4 Russia Synchrophasor Market
6.4.1 Russia Synchrophasor Market by Component
6.4.2 Russia Synchrophasor Market by Application
6.5 Spain Synchrophasor Market
6.5.1 Spain Synchrophasor Market by Component
6.5.2 Spain Synchrophasor Market by Application
6.6 Italy Synchrophasor Market
6.6.1 Italy Synchrophasor Market by Component
6.6.2 Italy Synchrophasor Market by Application
6.7 Rest of Europe Synchrophasor Market
6.7.1 Rest of Europe Synchrophasor Market by Component
6.7.2 Rest of Europe 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 Europe Synchrophasor Market, 2020 - 2023, USD Million
TABLE 2 Europe Synchrophasor Market, 2024 - 2031, USD Million
TABLE 3 Europe Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 4 Europe Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 5 Europe Hardware Market by Country, 2020 - 2023, USD Million
TABLE 6 Europe Hardware Market by Country, 2024 - 2031, USD Million
TABLE 7 Europe Software Market by Country, 2020 - 2023, USD Million
TABLE 8 Europe Software Market by Country, 2024 - 2031, USD Million
TABLE 9 Europe Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 10 Europe Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 11 Europe Fault Analysis Market by Country, 2020 - 2023, USD Million
TABLE 12 Europe Fault Analysis Market by Country, 2024 - 2031, USD Million
TABLE 13 Europe Stability Monitoring Market by Country, 2020 - 2023, USD Million
TABLE 14 Europe Stability Monitoring Market by Country, 2024 - 2031, USD Million
TABLE 15 Europe State Estimation Market by Country, 2020 - 2023, USD Million
TABLE 16 Europe State Estimation Market by Country, 2024 - 2031, USD Million
TABLE 17 Europe Improve Grid Visualization Market by Country, 2020 - 2023, USD Million
TABLE 18 Europe Improve Grid Visualization Market by Country, 2024 - 2031, USD Million
TABLE 19 Europe Operational Monitoring Market by Country, 2020 - 2023, USD Million
TABLE 20 Europe Operational Monitoring Market by Country, 2024 - 2031, USD Million
TABLE 21 Europe Power System Control Market by Country, 2020 - 2023, USD Million
TABLE 22 Europe Power System Control Market by Country, 2024 - 2031, USD Million
TABLE 23 Europe Others Market by Country, 2020 - 2023, USD Million
TABLE 24 Europe Others Market by Country, 2024 - 2031, USD Million
TABLE 25 Europe Synchrophasor Market by Country, 2020 - 2023, USD Million
TABLE 26 Europe Synchrophasor Market by Country, 2024 - 2031, USD Million
TABLE 27 Germany Synchrophasor Market, 2020 - 2023, USD Million
TABLE 28 Germany Synchrophasor Market, 2024 - 2031, USD Million
TABLE 29 Germany Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 30 Germany Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 31 Germany Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 32 Germany Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 33 UK Synchrophasor Market, 2020 - 2023, USD Million
TABLE 34 UK Synchrophasor Market, 2024 - 2031, USD Million
TABLE 35 UK Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 36 UK Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 37 UK Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 38 UK Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 39 France Synchrophasor Market, 2020 - 2023, USD Million
TABLE 40 France Synchrophasor Market, 2024 - 2031, USD Million
TABLE 41 France Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 42 France Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 43 France Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 44 France Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 45 Russia Synchrophasor Market, 2020 - 2023, USD Million
TABLE 46 Russia Synchrophasor Market, 2024 - 2031, USD Million
TABLE 47 Russia Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 48 Russia Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 49 Russia Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 50 Russia Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 51 Spain Synchrophasor Market, 2020 - 2023, USD Million
TABLE 52 Spain Synchrophasor Market, 2024 - 2031, USD Million
TABLE 53 Spain Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 54 Spain Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 55 Spain Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 56 Spain Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 57 Italy Synchrophasor Market, 2020 - 2023, USD Million
TABLE 58 Italy Synchrophasor Market, 2024 - 2031, USD Million
TABLE 59 Italy Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 60 Italy Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 61 Italy Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 62 Italy Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 63 Rest of Europe Synchrophasor Market, 2020 - 2023, USD Million
TABLE 64 Rest of Europe Synchrophasor Market, 2024 - 2031, USD Million
TABLE 65 Rest of Europe Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 66 Rest of Europe Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 67 Rest of Europe Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 68 Rest of Europe 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 Europe Synchrophasor Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Synchrophasor Market
FIG 4 Porter’s Five Forces Analysis – Synchrophasor Market
FIG 5 Europe Synchrophasor Market share by Component, 2023
FIG 6 Europe Synchrophasor Market share by Component, 2031
FIG 7 Europe Synchrophasor Market by Component, 2020 - 2031, USD Million
FIG 8 Europe Synchrophasor Market share by Application, 2023
FIG 9 Europe Synchrophasor Market share by Application, 2031
FIG 10 Europe Synchrophasor Market by Application, 2020 - 2031, USD Millio
FIG 11 Europe Synchrophasor Market share by Country, 2023
FIG 12 Europe Synchrophasor Market share by Country, 2031
FIG 13 Europe 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.