Market Research Reports, Inc. has announced the addition of “Synchrophasors in Smart Grid in Key Countries, Update 2014 - Market Volume, Average Price and Market Size Forecasts to 2020” research report to their offering.
Lewes, DE -- (SBWIRE) -- 08/26/2014 -- The US has the largest grid in North America and accounts for the majority of the renewable and distributed energy generation in the region. It is also a leading market in terms of smart grid investment and project funding. North America is the base for many Electric Vehicle (EV), microgrid, and smart meter manufacturers, as well as companies involved in the manufacture of other microgrid and smart grid-related equipment. It also leads the North American Synchrophasor Initiative (NASPI). The US is the leading country in the synchrophasor market in North America in terms of value and sales, with a 76% share, followed by Canada with 17% and Mexico with the remaining 7%.
China Holds the Lowest Average Price per Synchrophasor Unit
The average price of a synchrophasor in China is less than half of the price in most developed countries, because they are locally manufactured and tailor-made to specific lower standards and requirements stipulated by the government. The average price of a synchrophasor unit amounted to $3,000 per unit in 2013.
New Smart Grid and Transmission Infrastructure Investment Increases Synchrophasor Demand
Synchrophasors are wide area measurement systems that enable the measurement of voltage and current from different places to provide a detailed view of transmission systems. Their implementation is expected to improve the visibility and reliability of the electric grid for system operators, and they have therefore become an essential part of smart grid investment for utilities and transmission system operators. Global smart grid investment is expected to modernize electric grids in order to support higher energy loads and reduce Transmission and Distribution (T&D) losses.
The US, Mexico and China currently lead the deployment of synchrophasors in their respective electric grids. Countries such as India, Brazil, South Africa, Finland, Denmark, Norway and Sweden have also implemented synchrophasor technology as pilot projects with positive results, and India and Brazil plan to further increase the number of synchrophasors in their electric grid infrastructure, which will increase demand.
Spanning over 98 pages, “Synchrophasors in Smart Grid in Key Countries, Update 2014 - Market Volume, Average Price and Market Size Forecasts to 2020” report covering the Introduction, Synchrophasor for Smart Grid Market, Global, 2009-2020, India, Synchrophasor Market, 2010-2020, China, Synchrophasor Market, 2010-2020, Australia, Synchrophasor Market, 2010-2020, Mexico, Synchrophasor Market, 2010-2020, Canada, Synchrophasor Market, 2010-2020, US, Synchrophasor Market, 2010-2020, Colombia, Synchrophasor Market, 2010-2020, UK, Synchrophasor Market, 2010-2020, Appendix.
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