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Investment in Synchrophasors and Wide Area Situational Awareness Systems For the Grid Is Expected to Total Nearly $107 Billion From 2014 to 2023, According to Navigant Research
[December 10, 2014]

Investment in Synchrophasors and Wide Area Situational Awareness Systems For the Grid Is Expected to Total Nearly $107 Billion From 2014 to 2023, According to Navigant Research


A new 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.

To detect many system problems on the power grid, a new generation of wide-area situational awareness systems is being used to collect and transmit data to identify high-speed disturbances before they cause outages. Known as synchrophasors, these analytics tools can aggregate the data, make comparisons with other nodes on the network, and coordinate and synchronize the measurements to ensure the reliability and smooth functioning of the grid. Click to tweet: According to a new report from Navigant Research, utilities are expected to invest nearly $107 billion from 2014 through 2023 in synchrophasors and wider-area situational awareness systems.

"In the United States, grid operators have begun to digest the results of the 9 Department of Energy-funded projects completed in 2013, and will likely factor the costs of implementation into future rate cases," says James McCray, senior market analyst with Navigant Research. "Critical factors in accelerating growth in the market during in the coming years include the development and acceptance of more complex analytics, and automation approaches that rapidly resolve network issues without intervention at the operation center."

The advent of smart grid technology has vastly expanded the amount of data on grid operations that can be collected and, in theory, acted upon, according to the report. Because high voltage alternating current transmission systms operate at 50 or 60 megahertz, many of the underlying disturbances can only be seen in high-frequency, 30 or 60 readings-per-second interval data on voltage, current, phase angles and other system characteristics.



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.

About Navigant

Navigant is a specialized, global expert 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 provide services that extend from expert and advisory work through implementation and outsourcing. 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.


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