Global Substation Wide Area Monitoring System Market Size, Status and Forecast 2021-2027

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. 
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 Analysis and Insights: Global Substation Wide Area Monitoring System Market
The global Substation Wide Area Monitoring System market size is projected to reach US$ XX million by 2026, from US$ XX million in 2019, at a CAGR of XX% during 2021-2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Substation Wide Area Monitoring System market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Substation Wide Area Monitoring System market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Substation Wide Area Monitoring System market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Substation Wide Area Monitoring System market.

Global Substation Wide Area Monitoring System Scope and Market Size
Substation Wide Area Monitoring System market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Substation Wide Area Monitoring System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Phasor Measurement Units (PMUs)
Phasor Data Concentrators (PDCs)
Communication Networks
PDC Solutions

Segment by Application
Transmission Substation
Distribution Substation
Collector Substation
Converter Substations
Switching Station

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
ABB
Electric Power Group
General Electric
Sc+I34650hneider Electric
Siemens