The global market for Phasor Measurement Unit was valued at US$ 682 million in the year 2024 and is projected to reach a revised size of US$ 1074 million by 2031, growing at a CAGR of 6.8% during the forecast period.
A Phasor Measurement Unit (PMU) is a high-speed sensor designed to measure the synchronized phasors of voltage and current in a power system with microsecond-level accuracy. This capability significantly outpaces traditional SCADA (Supervisory Control and Data Acquisition) technology in terms of speed and precision.
Market Overview
The PMU market has witnessed substantial growth in recent years, driven by factors such as the increasing need for grid reliability and stability, advancements in technology, and the integration of renewable energy sources into the grid. The market is expected to continue to expand in the coming years, fueled by ongoing investments in smart grid infrastructure and the adoption of digital technologies in the energy sector.
Market Trends and Drivers
Several trends are shaping the PMU market, including:
Integration with Advanced Analytics: The integration of PMU data with advanced analytics tools is enabling more accurate and real-time insights into power system dynamics, driving demand for PMUs.
Renewable Energy Integration: The increasing integration of renewable energy sources into the grid is creating a need for more sophisticated monitoring and control systems, including PMUs.
Smart Grid Development: Ongoing investments in smart grid infrastructure are fueling demand for PMUs, as they play a critical role in real-time monitoring and control of power systems.
Challenges and Opportunities
While the PMU market presents significant growth opportunities, it also faces some challenges. These include the need for standardization and interoperability of PMU devices, the high cost of deployment and maintenance, and the complexity of integrating PMU data into existing power system control and monitoring systems. Despite these challenges, the market is expected to continue to grow, driven by ongoing advancements in technology and the increasing need for grid reliability and stability.
In conclusion, the Phasor Measurement Unit market is a dynamic and evolving segment within the energy and power industry. With ongoing investments in smart grid infrastructure and the adoption of digital technologies, the market is poised for significant growth in the coming years. Key players in the market are continuously innovating and expanding their offerings to meet the evolving needs of the energy sector.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Phasor Measurement Unit, 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 Phasor Measurement Unit.
The Phasor Measurement Unit market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Phasor Measurement Unit market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Phasor Measurement Unit manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Qualitrol
Siemens
Hitachi
GE
Arbiter Systems
VCL
Elspec
Kenda Group
Vizimax
Fluke
Insulect
EIG
NR Electric
Beijing Sifang Automation
by Type
9 Analog Channels
18 Analog Channels
36 Analog Channels
Others
by Application
Power Plant
Distribution Station
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Phasor Measurement Unit manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Phasor Measurement Unit by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Phasor Measurement Unit 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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Phasor Measurement Unit Market Overview
1.1 Product Definition
1.2 Phasor Measurement Unit by Type
1.2.1 Global Phasor Measurement Unit Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 9 Analog Channels
1.2.3 18 Analog Channels
1.2.4 36 Analog Channels
1.2.5 Others
1.3 Phasor Measurement Unit by Application
1.3.1 Global Phasor Measurement Unit Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Power Plant
1.3.3 Distribution Station
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Phasor Measurement Unit Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Phasor Measurement Unit Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Phasor Measurement Unit Production Estimates and Forecasts (2020-2031)
1.4.4 Global Phasor Measurement Unit Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Phasor Measurement Unit Production Market Share by Manufacturers (2020-2025)
2.2 Global Phasor Measurement Unit Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Phasor Measurement Unit, Industry Ranking, 2023 VS 2024
2.4 Global Phasor Measurement Unit Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Phasor Measurement Unit Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Phasor Measurement Unit, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Phasor Measurement Unit, Product Offered and Application
2.8 Global Key Manufacturers of Phasor Measurement Unit, Date of Enter into This Industry
2.9 Phasor Measurement Unit Market Competitive Situation and Trends
2.9.1 Phasor Measurement Unit Market Concentration Rate
2.9.2 Global 5 and 10 Largest Phasor Measurement Unit Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Phasor Measurement Unit Production by Region
3.1 Global Phasor Measurement Unit Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Phasor Measurement Unit Production Value by Region (2020-2031)
3.2.1 Global Phasor Measurement Unit Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Phasor Measurement Unit by Region (2026-2031)
3.3 Global Phasor Measurement Unit Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Phasor Measurement Unit Production Volume by Region (2020-2031)
3.4.1 Global Phasor Measurement Unit Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Phasor Measurement Unit by Region (2026-2031)
3.5 Global Phasor Measurement Unit Market Price Analysis by Region (2020-2025)
3.6 Global Phasor Measurement Unit Production and Value, Year-over-Year Growth
3.6.1 North America Phasor Measurement Unit Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Phasor Measurement Unit Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Phasor Measurement Unit Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Phasor Measurement Unit Production Value Estimates and Forecasts (2020-2031)
4 Phasor Measurement Unit Consumption by Region
4.1 Global Phasor Measurement Unit Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Phasor Measurement Unit Consumption by Region (2020-2031)
4.2.1 Global Phasor Measurement Unit Consumption by Region (2020-2025)
4.2.2 Global Phasor Measurement Unit Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Phasor Measurement Unit Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Phasor Measurement Unit Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Phasor Measurement Unit Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Phasor Measurement Unit Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Phasor Measurement Unit Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Phasor Measurement Unit Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Phasor Measurement Unit Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Phasor Measurement Unit Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Phasor Measurement Unit Production by Type (2020-2031)
5.1.1 Global Phasor Measurement Unit Production by Type (2020-2025)
5.1.2 Global Phasor Measurement Unit Production by Type (2026-2031)
5.1.3 Global Phasor Measurement Unit Production Market Share by Type (2020-2031)
5.2 Global Phasor Measurement Unit Production Value by Type (2020-2031)
5.2.1 Global Phasor Measurement Unit Production Value by Type (2020-2025)
5.2.2 Global Phasor Measurement Unit Production Value by Type (2026-2031)
5.2.3 Global Phasor Measurement Unit Production Value Market Share by Type (2020-2031)
5.3 Global Phasor Measurement Unit Price by Type (2020-2031)
6 Segment by Application
6.1 Global Phasor Measurement Unit Production by Application (2020-2031)
6.1.1 Global Phasor Measurement Unit Production by Application (2020-2025)
6.1.2 Global Phasor Measurement Unit Production by Application (2026-2031)
6.1.3 Global Phasor Measurement Unit Production Market Share by Application (2020-2031)
6.2 Global Phasor Measurement Unit Production Value by Application (2020-2031)
6.2.1 Global Phasor Measurement Unit Production Value by Application (2020-2025)
6.2.2 Global Phasor Measurement Unit Production Value by Application (2026-2031)
6.2.3 Global Phasor Measurement Unit Production Value Market Share by Application (2020-2031)
6.3 Global Phasor Measurement Unit Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Qualitrol
7.1.1 Qualitrol Phasor Measurement Unit Company Information
7.1.2 Qualitrol Phasor Measurement Unit Product Portfolio
7.1.3 Qualitrol Phasor Measurement Unit Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Qualitrol Main Business and Markets Served
7.1.5 Qualitrol Recent Developments/Updates
7.2 Siemens
7.2.1 Siemens Phasor Measurement Unit Company Information
7.2.2 Siemens Phasor Measurement Unit Product Portfolio
7.2.3 Siemens Phasor Measurement Unit Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Siemens Main Business and Markets Served
7.2.5 Siemens Recent Developments/Updates
7.3 Hitachi
7.3.1 Hitachi Phasor Measurement Unit Company Information
7.3.2 Hitachi Phasor Measurement Unit Product Portfolio
7.3.3 Hitachi Phasor Measurement Unit Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Hitachi Main Business and Markets Served
7.3.5 Hitachi Recent Developments/Updates
7.4 GE
7.4.1 GE Phasor Measurement Unit Company Information
7.4.2 GE Phasor Measurement Unit Product Portfolio
7.4.3 GE Phasor Measurement Unit Production, Value, Price and Gross Margin (2020-2025)
7.4.4 GE Main Business and Markets Served
7.4.5 GE Recent Developments/Updates
7.5 Arbiter Systems
7.5.1 Arbiter Systems Phasor Measurement Unit Company Information
7.5.2 Arbiter Systems Phasor Measurement Unit Product Portfolio
7.5.3 Arbiter Systems Phasor Measurement Unit Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Arbiter Systems Main Business and Markets Served
7.5.5 Arbiter Systems Recent Developments/Updates
7.6 VCL
7.6.1 VCL Phasor Measurement Unit Company Information
7.6.2 VCL Phasor Measurement Unit Product Portfolio
7.6.3 VCL Phasor Measurement Unit Production, Value, Price and Gross Margin (2020-2025)
7.6.4 VCL Main Business and Markets Served
7.6.5 VCL Recent Developments/Updates
7.7 Elspec
7.7.1 Elspec Phasor Measurement Unit Company Information
7.7.2 Elspec Phasor Measurement Unit Product Portfolio
7.7.3 Elspec Phasor Measurement Unit Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Elspec Main Business and Markets Served
7.7.5 Elspec Recent Developments/Updates
7.8 Kenda Group
7.8.1 Kenda Group Phasor Measurement Unit Company Information
7.8.2 Kenda Group Phasor Measurement Unit Product Portfolio
7.8.3 Kenda Group Phasor Measurement Unit Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Kenda Group Main Business and Markets Served
7.8.5 Kenda Group Recent Developments/Updates
7.9 Vizimax
7.9.1 Vizimax Phasor Measurement Unit Company Information
7.9.2 Vizimax Phasor Measurement Unit Product Portfolio
7.9.3 Vizimax Phasor Measurement Unit Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Vizimax Main Business and Markets Served
7.9.5 Vizimax Recent Developments/Updates
7.10 Fluke
7.10.1 Fluke Phasor Measurement Unit Company Information
7.10.2 Fluke Phasor Measurement Unit Product Portfolio
7.10.3 Fluke Phasor Measurement Unit Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Fluke Main Business and Markets Served
7.10.5 Fluke Recent Developments/Updates
7.11 Insulect
7.11.1 Insulect Phasor Measurement Unit Company Information
7.11.2 Insulect Phasor Measurement Unit Product Portfolio
7.11.3 Insulect Phasor Measurement Unit Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Insulect Main Business and Markets Served
7.11.5 Insulect Recent Developments/Updates
7.12 EIG
7.12.1 EIG Phasor Measurement Unit Company Information
7.12.2 EIG Phasor Measurement Unit Product Portfolio
7.12.3 EIG Phasor Measurement Unit Production, Value, Price and Gross Margin (2020-2025)
7.12.4 EIG Main Business and Markets Served
7.12.5 EIG Recent Developments/Updates
7.13 NR Electric
7.13.1 NR Electric Phasor Measurement Unit Company Information
7.13.2 NR Electric Phasor Measurement Unit Product Portfolio
7.13.3 NR Electric Phasor Measurement Unit Production, Value, Price and Gross Margin (2020-2025)
7.13.4 NR Electric Main Business and Markets Served
7.13.5 NR Electric Recent Developments/Updates
7.14 Beijing Sifang Automation
7.14.1 Beijing Sifang Automation Phasor Measurement Unit Company Information
7.14.2 Beijing Sifang Automation Phasor Measurement Unit Product Portfolio
7.14.3 Beijing Sifang Automation Phasor Measurement Unit Production, Value, Price and Gross Margin (2020-2025)
7.14.4 Beijing Sifang Automation Main Business and Markets Served
7.14.5 Beijing Sifang Automation Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Phasor Measurement Unit Industry Chain Analysis
8.2 Phasor Measurement Unit Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Phasor Measurement Unit Production Mode & Process Analysis
8.4 Phasor Measurement Unit Sales and Marketing
8.4.1 Phasor Measurement Unit Sales Channels
8.4.2 Phasor Measurement Unit Distributors
8.5 Phasor Measurement Unit Customer Analysis
9 Phasor Measurement Unit Market Dynamics
9.1 Phasor Measurement Unit Industry Trends
9.2 Phasor Measurement Unit Market Drivers
9.3 Phasor Measurement Unit Market Challenges
9.4 Phasor Measurement Unit Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Qualitrol
Siemens
Hitachi
GE
Arbiter Systems
VCL
Elspec
Kenda Group
Vizimax
Fluke
Insulect
EIG
NR Electric
Beijing Sifang Automation
听
听
*If Applicable.