Phasor Measurement Units (PMU) Market Analysis: Global Industry Size, Growth and Forecast

Report ID : 1350624 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel

The market size of the Phasor Measurement Units (PMU) Market is categorized based on Type (Standalone PMUs, Integrated PMUs) and Application (Transmission Monitoring, Substation Automation, Grid Management, Renewable Energy Integration, Frequency Regulation) and End-User (Utilities, Independent Power Producers, Research Institutions, Industrial Sector, Government Agencies) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Valued at $1.2 billion in 2023, the Phasor Measurement Units (PMU) Market size is expected to grow to $3.5 billion by 2033, with a CAGR of 11.5% from 2024 to 2033. The report comprises various segments and analyzes the trends and factors playing a substantial role in the market.

In parallel with the increasing need for real-time monitoring and management of electrical grids, the Phasor Measurement Units (PMU) market is expanding significantly. With the global shift of power generation moving towards renewables, the reliance and therefore need for new technologies that maintain ideal grid conditions, reliability, and stability is becoming even more pressing. The operational value of PMUs within the grid monitoring systems is crucial for this shift as they require utilities to make effective on-spot decisions with the help of precise and advanced measurements of electrical waves, which ultimately aids in improving the resilience of the power systems against impending disturbances and volatile changes. 

In this swiftly changing landscape, smarter grid systems supporting policies and the focus on energy efficiency are fostering the PMU market along with new technological developments. There is an emerging awareness among industries toward the integration of PMUs as a measure to fulfill both operational performance and evolving grid compliance standards. In the quest of stakeholders for the tweaking the advantages of real-time data analytics and enhanced grid management, the PMU market is projected to grow vigorously along with innovation and funding opportunities.

Here at Verified Industry Insights, we explore the details PMU market, studying pertinent trends, competition, along with prospective growth trajectories. With us, businesses can access sophisticated and holistic research reports tailored to the current and shifting dynamics of the PMU market, which is rapidly evolving in today’s interconnected and energy-sensitive environment.

 

ATTRIBUTES	DETAILS
STUDY PERIOD	2023-2033
BASE YEAR	2023
FORECAST PERIOD	2024-2033
HISTORICAL PERIOD	2023-2024
UNIT	VALUE (USD BILLION)
KEY COMPANIES PROFILED	Siemens AG, General Electric, Schneider Electric, ABB Ltd., Honeywell International Inc., OMICRON electronics GmbH, Mitsubishi Electric Corporation, Eaton Corporation, Kinemetrics Inc., Moxa Inc., Nexans, Cisco Systems Inc.
SEGMENTS COVERED	By Type - Standalone PMUs, Integrated PMUs By Application - Transmission Monitoring, Substation Automation, Grid Management, Renewable Energy Integration, Frequency Regulation By End-User - Utilities, Independent Power Producers, Research Institutions, Industrial Sector, Government Agencies By Geography - North America, Europe, APAC, Middle East Asia & Rest of World.

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Phasor Measurement Units (PMU) Market Dynamics

The Phasor Measurement Units (PMU) Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.

Market Drivers

1. Technological Advancements
2. Increasing Consumer Demand
3. Regulatory Support
4. Globalization

Market Restraints

1. High Operational Costs
2. Regulatory Challenges
3. Market Saturation

Market Opportunities

1. Emerging Markets
2. Product Innovation
3. Strategic Partnerships

Market Challenges

1. Technological Disruptions
2. Supply Chain Issues
3. Changing Consumer Preferences

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Key Players in the Phasor Measurement Units (PMU) Market

This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.

• Siemens AG
• General Electric
• Schneider Electric
• ABB Ltd.
• Honeywell International Inc.
• OMICRON electronics GmbH
• Mitsubishi Electric Corporation
• Eaton Corporation
• Kinemetrics Inc.
• Moxa Inc.
• Nexans
• Cisco Systems Inc.

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