Synchrophasor in China Trends and Forecast
The future of the synchrophasor market in China looks promising with opportunities in fault analysis, state estimation, stability monitoring, power system control, operational monitoring, and improve grid visualization markets. The global synchrophasor market is expected to reach an estimated $0.9 billion by 2031 with a CAGR of 17.2% from 2025 to 2031. The synchrophasor market in China is also forecasted to witness strong growth over the forecast period. 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.
• 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.
Emerging Trends in the Synchrophasor Market in China
The synchrophasor market in China is rapidly evolving, driven by the country’s ambitions to modernize its power grid, integrate renewable energy sources, and improve overall energy efficiency. With an increasing focus on grid stability and resilience, the use of synchrophasors to monitor, analyze, and control power systems has gained importance. These emerging trends reflect China’s commitment to adopting advanced technologies to meet growing energy demands while ensuring sustainability and reliability in grid operations. The following outlines key trends shaping the synchrophasor market in China.
• Integration with Renewable Energy: As China accelerates its renewable energy transition, synchrophasors have become essential in managing the intermittent nature of wind and solar power. By providing real-time data on grid conditions, synchrophasors help operators stabilize the grid despite fluctuations in renewable energy generation. This trend is vital for enhancing the efficiency and reliability of China power grid as it accommodates a growing share of clean energy sources.
• Smart Grid Development: China is investing heavily in smart grid technology to improve operational efficiency and reliability. Synchrophasors play a crucial role in these developments by offering high-resolution data that helps grid operators detect disturbances and optimize energy distribution. Real-time insights allow for more informed decisions in managing the grid, improving overall efficiency and helping reduce energy losses, which supports the broader smart grid goals of the country.
• Grid Modernization and Upgrades: With the growing demand for electricity and increasing integration of renewable energy, China is prioritizing the modernization of its grid infrastructure. The installation of synchrophasors in key locations enables real-time monitoring of grid conditions and improves the system’s ability to respond to changing energy flows. These upgrades are essential for reducing power outages, improving grid resilience, and ensuring that the power system can handle the increasing complexities of energy distribution.
• Enhanced Grid Resilience and Security: Synchrophasors play a critical role in enhancing the resilience of China’s power grid, particularly in response to extreme weather events and natural disasters. With their ability to monitor grid conditions in real-time, synchrophasors allow grid operators to quickly identify and address faults, preventing cascading failures. This trend is crucial as China works to fortify its energy infrastructure against increasing climate-related risks and natural disruptions, ensuring continued supply during emergencies.
• Government and Policy Support: The Chinese government has strongly supported the adoption of synchrophasor technology through various policies and funding initiatives aimed at upgrading the country’s energy infrastructure. This includes government-backed initiatives to reduce emissions, increase grid stability, and improve energy efficiency. Financial support and regulatory frameworks are driving investment in synchrophasor technology, encouraging utilities and energy providers to deploy these systems on a national scale, which is vital for China’s energy transition.
The emerging trends in the synchrophasor market in China, such as the integration with renewable energy, smart grid development, and grid modernization, are fundamentally reshaping the country power system. Synchrophasor technology supports China efforts to enhance grid efficiency, resilience, and security while enabling a smoother transition to a low-carbon energy future. With strong government support and ongoing investment in grid infrastructure, these trends will continue to propel the synchrophasor market, positioning China as a leader in energy modernization.
Recent Developments in the Synchrophasor Market in China
The synchrophasor market in China has witnessed significant advancements as the country continues to prioritize modernization and the integration of renewable energy into its power grid. These developments are driven by the need for enhanced grid stability, efficient energy distribution, and real-time monitoring of grid conditions. As China aims to meet its growing energy demands while ensuring sustainability, synchrophasors have become key components in managing power system operations. Below are the five key developments that are currently shaping the synchrophasor market in China.
• Expansion of Synchrophasor Deployment Nationwide: China has expanded its synchrophasor technology deployment across its vast power grid to enhance real-time monitoring and data collection. The government has allocated significant funding to install synchrophasors in substations, transmission lines, and renewable energy generation facilities. This wide-scale deployment provides grid operators with valuable insights into power flows, helping prevent blackouts and reduce energy losses. With the increasing adoption of this technology, the accuracy and efficiency of grid management in China have been greatly improved.
• Integration with Smart Grid Infrastructure: Recent efforts to integrate synchrophasors with China smart grid infrastructure have been pivotal in enhancing grid management capabilities. This integration allows for advanced data analytics and predictive modeling, facilitating proactive decision-making by operators. By connecting synchrophasor systems to automated grid control systems, China’s electric grid is becoming more flexible and responsive, improving overall grid reliability and efficiency. This move supports China’s vision of creating a fully automated and resilient energy grid capable of managing the growing demand for electricity.
• Development of Real-Time Grid Monitoring Centers: The establishment of real-time monitoring centers utilizing synchrophasor technology is one of the latest developments in China’s power sector. These centers are equipped with advanced software that processes data collected from synchrophasors, providing grid operators with the ability to monitor and analyze grid conditions in real-time. The implementation of these centers has drastically improved China’s ability to detect disturbances, predict potential failures, and make informed decisions that reduce risks associated with power outages, further enhancing grid security and reliability.
• Increased Focus on Renewable Energy Integration: With the push to increase the share of renewable energy in its power mix, China has focused on improving the integration of wind and solar energy sources into its grid using synchrophasors. The variable and intermittent nature of renewable energy requires real-time data to balance supply and demand. Synchrophasors help manage the fluctuations in power generation, ensuring a smooth and reliable flow of electricity from renewable sources to the grid. This development is critical to achieving China’s sustainability goals and reducing reliance on fossil fuels.
• Government Initiatives and Funding for Synchrophasor Adoption: The Chinese government has launched several initiatives to promote the adoption of synchrophasor technology as part of its broader efforts to modernize the energy sector. This includes significant investments and subsidies for utilities and power companies to deploy synchrophasors. The national focus on grid modernization, coupled with favorable policies, has accelerated the rate of synchrophasor implementation, contributing to improved energy efficiency and grid stability across the country. These efforts align with China long-term energy strategy to reduce carbon emissions and improve grid infrastructure.
Recent developments in the synchrophasor market in China reflect the country commitment to improving grid management, integrating renewable energy, and enhancing grid security. With widespread synchrophasor deployment, integration with smart grids, and the development of real-time monitoring centers, China is positioning itself at the forefront of energy innovation. These developments have led to improved operational efficiency, better risk management, and a more resilient grid, ultimately supporting China’s ambitious energy goals and ensuring a reliable, sustainable power system for the future.
Strategic Growth Opportunities for Synchrophasor Market in China
The synchrophasor market in China presents substantial growth opportunities driven by the country’s rapid energy sector transformation. With increasing integration of renewable energy, grid modernization efforts, and government backing, the demand for synchrophasor technology is on the rise. Synchrophasors provide critical real-time data that is essential for maintaining grid stability, ensuring energy efficiency, and facilitating advanced grid management. Below are key strategic growth opportunities in China’s synchrophasor market.
• Renewable Energy Integration: The rapid growth of renewable energy sources like wind and solar power presents a significant opportunity for synchrophasors to manage grid stability. Synchrophasors help monitor fluctuations in energy generation from these variable sources, providing real-time data to balance supply and demand effectively. As China works to increase its renewable energy share, synchrophasors will play an essential role in integrating clean energy into the national grid while maintaining system reliability. This growth opportunity aligns with China’s sustainability targets and decarbonization goals.
• Grid Modernization and Smart Grid Development: As China advances its grid modernization efforts, the integration of synchrophasors with smart grid infrastructure presents a key growth opportunity. The ability to monitor and analyze real-time data allows for predictive maintenance, reducing downtime and preventing grid failures. By incorporating synchrophasors into smart grids, China can enhance grid flexibility, automation, and resilience. The development of smart grids that can automatically respond to changes in grid conditions will result in more efficient energy distribution and better integration of diverse energy sources.
• Advanced Grid Stability and Security: Synchrophasors enhance grid security by providing real-time data on grid conditions, enabling faster detection of disturbances and vulnerabilities. China’s rapid urbanization and industrialization necessitate a stable and secure power grid. By using synchrophasor data for early warning systems, China can improve grid response to unforeseen events such as power surges, natural disasters, or equipment failures. This not only prevents system failures but also reduces the financial and environmental impacts of power outages, ensuring greater stability in the power supply.
• Government Support for Energy Transition and Smart Infrastructure: China government continues to support initiatives for energy transition and the development of smart infrastructure. This includes incentives for adopting technologies such as synchrophasors to monitor and manage the grid. Funding for research and development in synchrophasor technology, along with subsidies for grid modernization, offers a favorable environment for market growth. As the government prioritizes clean energy and efficient grid operations, synchrophasor adoption will become increasingly prevalent in both urban and rural areas, contributing to the overall sustainability of the energy sector.
• Enhanced Data Analytics for Decision-Making: The rise of big data and advanced analytics offers synchrophasor technology a strategic opportunity to enhance grid management. By integrating synchrophasor data into advanced analytics platforms, China’s utilities can leverage predictive analytics, improving decision-making and operational efficiency. Synchrophasor data is used to forecast grid behavior, identify patterns in energy usage, and optimize power generation. This growth opportunity supports better grid management, enabling utilities to prevent disruptions, reduce costs, and improve service reliability, enhancing customer satisfaction.
The synchrophasor market in China is poised for growth across key applications such as renewable energy integration, grid modernization, security, and data analytics. These growth opportunities are driven by China’s commitment to modernizing its energy infrastructure, transitioning to clean energy, and optimizing grid operations. The adoption of synchrophasors will enhance grid stability, reduce energy waste, and contribute to China sustainability objectives. As the market expands, synchrophasors will continue to play a vital role in ensuring a resilient and efficient energy system.
Synchrophasor Market in China Driver and Challenges
The synchrophasor market in China is influenced by various technological, economic, and regulatory factors. Technologically, the growth of renewable energy and advancements in smart grid systems drive the demand for synchrophasor technology. Economically, China’s rapidly growing energy demand and investment in energy infrastructure contribute to market expansion. However, regulatory challenges and the need for significant capital investment may slow the adoption of synchrophasors. Below are the key drivers and challenges shaping the market.
The factors responsible for driving the synchrophasor market in China include:
• Government Policies and Regulations: The Chinese government plays a pivotal role in the adoption of synchrophasor technology, promoting the transition to a low-carbon economy and smart grid systems. National policies provide financial incentives, tax breaks, and regulatory frameworks that encourage grid operators to integrate synchrophasors into their systems. These policies align with China’s commitment to energy efficiency and sustainable power generation, driving market growth. By creating favorable conditions for innovation, the government accelerates the development and deployment of synchrophasors, supporting grid modernization efforts nationwide.
• Renewable Energy Growth: China’s ambitious renewable energy goals are a significant driver for the synchrophasor market. With increasing investments in solar, wind, and hydroelectric energy, the need for real-time monitoring and control becomes crucial. Synchrophasors enable grid operators to manage the variability of renewable energy, ensuring that fluctuations in energy supply do not disrupt grid stability. As China expands its renewable energy capacity, synchrophasors will play a key role in maintaining the reliable operation of the grid, supporting the country’s transition to a cleaner energy future.
• Smart Grid Development: The global trend toward smart grid development is a primary driver for synchrophasor market growth in China. Smart grids rely on technologies such as synchrophasors to gather data and automate the control of electricity flows. By incorporating synchrophasors into smart grids, utilities gain valuable insights that help prevent outages, optimize energy distribution, and reduce energy losses. This technological integration aligns with China’s goal of creating an intelligent, responsive, and efficient power system capable of managing both traditional and renewable energy sources.
• Grid Resilience and Security Needs: As China’s power grid faces greater demand and increasing exposure to environmental factors, the need for enhanced grid resilience and security is driving the adoption of synchrophasors. These devices provide real-time monitoring that helps operators detect disturbances, forecast failures, and prevent large-scale blackouts. The ability to detect and respond to power system faults immediately improves grid security, reducing the risk of widespread outages that could have severe social and economic consequences, especially in densely populated areas.
• Technological Advancements in Synchrophasor Systems: Continuous technological advancements in synchrophasor systems, such as improved sensors, communication protocols, and data analytics, have made these devices more cost-effective and reliable. These innovations are reducing the barriers to synchrophasor adoption for utilities and grid operators. As synchrophasors become more affordable and accessible, their integration into the energy infrastructure becomes more feasible, expanding their reach across China’s power grid and accelerating the growth of the market.
Challenges in the synchrophasor market in China are:
• High Capital Investment Requirements: The initial cost of deploying synchrophasor technology can be prohibitive for many utilities, especially when scaling up across large and complex grids. The installation of these systems requires significant capital investment in both hardware and software, along with the cost of maintaining and upgrading existing infrastructure. For some smaller utilities, these upfront costs may deter synchrophasor adoption despite the long-term benefits. Financial constraints may therefore slow down the pace of market growth in certain regions.
• Data Integration and Interoperability: The successful implementation of synchrophasor technology depends on the integration of data across various grid components. However, data integration and interoperability between different technologies and systems can present significant challenges. Disparate systems may lack compatibility, hindering the real-time exchange of critical information necessary for grid operators to make informed decisions. Overcoming these integration challenges requires ongoing investments in standardization, training, and system upgrades, which can be time-consuming and costly for utilities.
• Regulatory Hurdles: While the Chinese government supports the adoption of synchrophasors, regulatory challenges such as inconsistent regional regulations and delays in approval processes can impede progress. Local and regional authorities may have varying requirements for the integration of synchrophasors into the grid, leading to delays in the approval and deployment of technology. These regulatory barriers can slow down market growth, particularly for companies operating in multiple regions with differing regulatory frameworks.
The major drivers of the synchrophasor market in China, including government support, renewable energy growth, smart grid development, grid resilience needs, and technological advancements, are pushing the market forward. However, challenges such as high capital costs, data integration issues, and regulatory hurdles continue to present obstacles. Despite these challenges, the market is expected to grow as the benefits of synchrophasor technology in improving grid efficiency and stability outweigh the difficulties, driving innovation and progress in China energy sector.
List of Synchrophasor Market in China Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies, synchrophasor companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the synchrophasor companies profiled in this report include:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
• Company 6
• Company 7
Synchrophasor Market in China by Segment
The study includes a forecast for the synchrophasor market in China by component and application.
Synchrophasor Market in China by Component [Analysis by Value from 2019 to 2031]:
• Hardware
• Software
Synchrophasor Market in China by Application [Analysis by Value from 2019 to 2031]:
• Fault Analysis
• State Estimation
• Stability Monitoring
• Power System Control
• Operational Monitoring
• Improve Grid Visualization
• Others
Features of the Synchrophasor Market in China
Market Size Estimates: Synchrophasor in China market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends and forecasts by various segments.
Segmentation Analysis: Synchrophasor in China market size by component and application in terms of value ($B).
Growth Opportunities: Analysis of growth opportunities in different component and application for the synchrophasor in China.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the synchrophasor in China.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q.1 What are the major drivers influencing the growth of the synchrophasor market in China?
Answer: The major drivers for this market are modernizing the power grid infrastructure, high occurrences of power failures, and rising investments in smart grid projects.
Q2. What are the major segments for synchrophasor market in China?
Answer: The future of the synchrophasor market in China looks promising with opportunities in the fault analysis, state estimation, stability monitoring, power system control, operational monitoring, and improve grid visualization markets.
Q3. Which synchrophasor market segment in China will be the largest in future?
Answer: Lucintel forecasts that hardware will remain the larger segment over the forecast period due to high need for measuring and synchronizing the phase angle and magnitude of electrical quantities.
Q4. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 10 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the synchrophasor market in China by component (hardware and software), and application (fault analysis, state estimation, stability monitoring, power system control, operational monitoring, improve grid visualization, and others)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.4. What are the business risks and competitive threats in this market?
Q.5. What are the emerging trends in this market and the reasons behind them?
Q.6. What are some of the changing demands of customers in the market?
Q.7. What are the new developments in the market? Which companies are leading these developments?
Q.8. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.9. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.10. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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