BOULDER, Colo.--(BUSINESS WIRE)--A recent report from Navigant Research analyzes the global market for the eight underlying technologies that are the primary components of synchrophasors/wide area situational awareness (SWASA) solutions, including global market forecasts for revenue and installations through 2023.
Typically, transmission systems are monitored using supervisory control and data acquisition (SCADA) systems that collect status data at 4- to 5-second intervals. However, many disturbances can only be seen using sub-second, high-frequency interval data on voltage, current, phase angles, and other system characteristics. Today, wide area situational awareness systems, particularly synchrophasors, are being used to collect and transmit data to identify high-speed disturbances before outages occur. Click to tweet: According to a recent report from Navigant Research, annual transmission synchrophasor revenue is expected to grow from $8.5 billion in 2014 to $16.7 billion in 2023.
“The next generation of SWASA solutions are expected to be part new technologies and part new IT applications and systems that collect, manage, analyze, alert, and automate rapid response to network frequency and phase angle synchronization,” says James McCray, senior research analyst with Navigant Research. “Because of this, many of today’s communications systems and back-office analytics will need to be replaced with new systems that can support and provide the analytics and visualization tools necessary to better provide transmission network reliability and resiliency.”
In Asia Pacific, where large-scale implementations of new high-voltage transmission systems are occurring, grid operators in countries such as India and China are familiar with SWASA technologies and solutions, and in many cases require them. For this reason, according to the report, the region will fuel growth in the SWASA market during the forecast period, with additional traction coming from North America, Europe, and Latin America. These regions combined are expected to account for 90 percent of the SWASA market.
The report, “Synchrophasors and Wide Area Situational Awareness,” analyzes the global market for the eight underlying technologies that are the primary components of SWASA solutions. It provides an analysis of the market drivers and barriers and regional trends associated with synchrophasors and wide area situational awareness. Global market forecasts for revenue and installations, segmented by technology and region, extend through 2023. The report also examines the key technologies related to SWASA solutions, as well as the competitive landscape, and provides case studies of SWASA projects. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global professional services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals deliver expert and advisory work through implementation and business process management services. The firm combines deep technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism to address clients’ needs in highly regulated industries, including Construction, Energy, Financial Services and Healthcare. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, “Synchrophasors and Wide Area Situational Awareness,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.