Substation Wide Area Monitoring System Market

Wide area monitoring systems help power system operators continuously analyze all the features of a large power network in real time. Utilizing phasor measurement units (PMUs), information can be recorded and monitored to detect disturbances?and improve knowledge of network behavior under dynamic conditions, enabling system operators to maximize power flow and network stability.?
Substation Wide Area Monitoring System Market aims to provide a comprehensive presentation of the global market for Substation Wide Area Monitoring System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Substation Wide Area Monitoring System. Substation Wide Area Monitoring System Market contains market size and forecasts of Substation Wide Area Monitoring System in global, including the following market information:
Global Substation Wide Area Monitoring System Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Substation Wide Area Monitoring System market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The increasing investments in smart grid projects is expected to be one of the major substation wide area monitoring system market drivers during the forecast period. Smart grid projects with the implementation of the wide area monitoring technology have created an influence on utility consumers based on uninterrupted power. The smart grids offer advantages such as peak load and outage management, offers lower number of transformer failures, and reduction and instant recovery of unexpected power failures. This will lead to the increased demand for substation wide area monitoring system market.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Substation Wide Area Monitoring System companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Substation Wide Area Monitoring System Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Substation Wide Area Monitoring System Market Segment Percentages, by Type, 2022 (%)
Phasor Measurement Units (PMUs)
Phasor Data Concentrators (PDCs)
Communication Networks
PDC Solutions
Global Substation Wide Area Monitoring System Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Substation Wide Area Monitoring System Market Segment Percentages, by Application, 2022 (%)
Transmission Substation
Distribution Substation
Collector Substation
Converter Substations
Switching Station
Global Substation Wide Area Monitoring System Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Substation Wide Area Monitoring System Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Substation Wide Area Monitoring System revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Substation Wide Area Monitoring System revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
Electric Power Group
General Electric
Sc+I34650hneider Electric
Siemens
Outline of Major Chapters:
Chapter 1: Introduces the definition of Substation Wide Area Monitoring System, market overview.
Chapter 2: Global Substation Wide Area Monitoring System market size in revenue.
Chapter 3: Detailed analysis of Substation Wide Area Monitoring System company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Substation Wide Area Monitoring System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.