Synchrophasors Market Size worth USD 930 billion by 2030 | CAGR: 20% – Notes TMR Assessment
The Synchrophasors market has been evolving rapidly since 2020, driven by the increasing need for real-time monitoring and control of power systems. Synchrophasors are advanced measurement devices that provide precise and synchronized measurements of electrical quantities across different points in a power grid. These devices play a crucial role in enhancing grid reliability, stability, and efficiency, thus enabling utilities to manage complex power networks more effectively. The synchrophasors market, according to a Transparency Market Research (TMR) study, is projected to reach a valuation of approximately US$ 930 million by the conclusion of 2031. Additionally, the report anticipates that the market will witness a compound annual growth rate (CAGR) of 20% throughout the forecast period spanning from 2020 to 2030. To view a sample report, click here: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2651 This study does a thorough examinati