According to a market report by Lucintel, the future of the synchrophasor market in Japan looks promising with opportunities in the fault analysis, state estimation, stability monitoring, power system control, operational monitoring, and improve grid visualization markets. The synchrophasor market in Japan is expected to reach an estimated $0.9 billion by 2031 with a CAGR of 17.2% from 2025 to 2031. The major drivers for this market are the modernization of power grid infrastructure, the high occurrence of power failures, and rising investments in smart grid projects.
A more than 150-page report to understand trends, opportunity and forecast in synchrophasor market in Japan to 2031 by component (hardware and software), and application (fault analysis, state estimation, stability monitoring, power system control, operational monitoring, improve grid visualization, and others).
Lucintel forecasts that, within the component category, hardware will remain the larger segment over the forecast period due to the high need for measuring and synchronizing the phase angle and magnitude of electrical quantities.
Within the application category, power system control is expected to witness the highest growth, as synchrophasor technology helps improve the reliability, efficiency, and security of power systems.
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Lucintel
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