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

The North America Synchrophasor Market would witness market growth of 8.8% CAGR during the forecast period (2024-2031).

The US market dominated the North America Synchrophasor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $287.6 million by 2031. The Canada market is experiencing a CAGR of 11.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 10.2% during (2024 - 2031).

Critical application of synchrophasors is fault detection and localization. By analyzing the phase angles and magnitudes of synchrophasor measurements, operators can quickly pinpoint the location of faults or disturbances within the grid.

Additionally, by analyzing frequency deviations and phase differences across different points in the grid, synchrophasors enable operators to detect and mitigate oscillations efficiently. This capability improves overall grid stability and prevents oscillatory events from causing disruptions or equipment damage.

As electricity demand in Canada grows, grid operators face challenges maintaining grid reliability and stability. Synchrophasor technology provides real-time monitoring of grid conditions, offering precise measurements of voltage, current, and frequency dynamics across transmission and distribution networks. This capability is essential for identifying and managing grid disruptions, optimizing grid operations, and ensuring consistent electricity supply amidst varying demand patterns.

Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.

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.)

North America 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

• US
• Canada
• Mexico
• Rest of North America

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

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

Chapter 6. North America Synchrophasor Market by Country
6.1 US Synchrophasor Market
6.1.1 US Synchrophasor Market by Component
6.1.2 US Synchrophasor Market by Application
6.2 Canada Synchrophasor Market
6.2.1 Canada Synchrophasor Market by Component
6.2.2 Canada Synchrophasor Market by Application
6.3 Mexico Synchrophasor Market
6.3.1 Mexico Synchrophasor Market by Component
6.3.2 Mexico Synchrophasor Market by Application
6.4 Rest of North America Synchrophasor Market
6.4.1 Rest of North America Synchrophasor Market by Component
6.4.2 Rest of North America 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 North America Synchrophasor Market, 2020 - 2023, USD Million
TABLE 2 North America Synchrophasor Market, 2024 - 2031, USD Million
TABLE 3 North America Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 4 North America Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 5 North America Hardware Market by Country, 2020 - 2023, USD Million
TABLE 6 North America Hardware Market by Country, 2024 - 2031, USD Million
TABLE 7 North America Software Market by Country, 2020 - 2023, USD Million
TABLE 8 North America Software Market by Country, 2024 - 2031, USD Million
TABLE 9 North America Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 10 North America Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 11 North America Fault Analysis Market by Country, 2020 - 2023, USD Million
TABLE 12 North America Fault Analysis Market by Country, 2024 - 2031, USD Million
TABLE 13 North America Stability Monitoring Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Stability Monitoring Market by Country, 2024 - 2031, USD Million
TABLE 15 North America State Estimation Market by Country, 2020 - 2023, USD Million
TABLE 16 North America State Estimation Market by Country, 2024 - 2031, USD Million
TABLE 17 North America Improve Grid Visualization Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Improve Grid Visualization Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Operational Monitoring Market by Country, 2020 - 2023, USD Million
TABLE 20 North America Operational Monitoring Market by Country, 2024 - 2031, USD Million
TABLE 21 North America Power System Control Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Power System Control Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 25 North America Synchrophasor Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Synchrophasor Market by Country, 2024 - 2031, USD Million
TABLE 27 US Synchrophasor Market, 2020 - 2023, USD Million
TABLE 28 US Synchrophasor Market, 2024 - 2031, USD Million
TABLE 29 US Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 30 US Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 31 US Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 32 US Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 33 Canada Synchrophasor Market, 2020 - 2023, USD Million
TABLE 34 Canada Synchrophasor Market, 2024 - 2031, USD Million
TABLE 35 Canada Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 36 Canada Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 37 Canada Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 38 Canada Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 39 Mexico Synchrophasor Market, 2020 - 2023, USD Million
TABLE 40 Mexico Synchrophasor Market, 2024 - 2031, USD Million
TABLE 41 Mexico Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 42 Mexico Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 43 Mexico Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 44 Mexico Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 45 Rest of North America Synchrophasor Market, 2020 - 2023, USD Million
TABLE 46 Rest of North America Synchrophasor Market, 2024 - 2031, USD Million
TABLE 47 Rest of North America Synchrophasor Market by Component, 2020 - 2023, USD Million
TABLE 48 Rest of North America Synchrophasor Market by Component, 2024 - 2031, USD Million
TABLE 49 Rest of North America Synchrophasor Market by Application, 2020 - 2023, USD Million
TABLE 50 Rest of North America Synchrophasor Market by Application, 2024 - 2031, USD Million
TABLE 51 Key Information – ABB Ltd.
TABLE 52 Key Information – Siemens AG
TABLE 53 Key Information – General Electric Company
TABLE 54 Key information – NR Electric Co., Ltd.
TABLE 55 Key Information – Schweitzer Engineering Laboratories, Inc. (SEL)
TABLE 56 Key Information – Arbiter Systems, Inc.
TABLE 57 Key Information – Vizimax Inc.
TABLE 58 Key Information – Powerside
TABLE 59 Key Information – ERLPhase Power Technologies Ltd.

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Synchrophasor Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Synchrophasor Market
FIG 4 Porter’s Five Forces Analysis – Synchrophasor Market
FIG 5 North America Synchrophasor Market share by Component, 2023
FIG 6 North America Synchrophasor Market share by Component, 2031
FIG 7 North America Synchrophasor Market by Component, 2020 - 2031, USD Million
FIG 8 North America Synchrophasor Market share by Application, 2023
FIG 9 North America Synchrophasor Market share by Application, 2031
FIG 10 North America Synchrophasor Market by Application, 2020 - 2031, USD Million
FIG 11 North America Synchrophasor Market share by Country, 2023
FIG 12 North America Synchrophasor Market share by Country, 2031
FIG 13 North America 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.