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

The Latin America, Middle East and Africa Synchrophasor Market would witness market growth of 11.1% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Synchrophasor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $19.9 million by 2031. Argentina market is registering a CAGR of 12.3% during (2024 - 2031). Additionally, The UAE market would experience a CAGR of 10.4% during (2024 - 2031).

One of the primary applications of this is grid monitoring and stability assessment. By continuously monitoring voltage and frequency deviations across the grid, synchrophasors help operators identify and mitigate potential instabilities before they escalate into larger issues.

Moreover, it supports wide-area monitoring and control (WAMC), allowing operators to monitor grid conditions over large geographic areas in real-time. This capability is particularly beneficial in interconnected grids, where disturbances in one region can propagate and affect neighboring areas.

With increasing electricity capacity, the UAE’s power grid becomes more complex. Synchrophasors provide real-time voltage, frequency, and phase angle data for grid stability. As per the U.S. Energy Information Administration, total electricity capacity in the UAE grew by almost 10 gigawatts (GW) from 2012 to 2021. About 44% of this growth was in capacity derived from fossil fuels. The remainder of the growth in capacity in this period came from nuclear and solar energy sources.

Free Valuable Insights: The Worldwide Synchrophasor Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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.)

LAMEA 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

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

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

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

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