Request SampleGlobal Time Synchronization in the Electric Power System Market Research Report 2023
SKU ID : QYR-25150871 | Publishing Date : 10-Oct-2023 | No. of pages : 121
The power system time synchronization uses the positioning system clock to perform unified time synchronization on the computer monitoring system, measurement and control device, line microcomputer protection device, fault recording device, and electric energy billing system of the power plant and substation, so as to realize the clock of the entire power plant and substation totally unified.
According to Researcher's new survey, global Time Synchronization in the Electric Power System market is projected to reach US$ million in 2029, increasing from US$ million in 2022, with the CAGR of % during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Time Synchronization in the Electric Power System market research.
The market driver for time synchronization in the electric power system is the need for accurate and precise timekeeping for efficient and reliable power grid operation. Time synchronization plays a crucial role in various aspects of the electric power system, and its importance has increased with the advent of modern smart grid technologies. The following factors contribute to the growing demand for time synchronization in the electric power system:
Grid Stability and Control: Accurate time synchronization is essential for grid stability and control. In a power system, various devices and equipment, such as generators, substations, and protection relays, must operate in perfect coordination to maintain a stable and reliable power supply. Precise time synchronization ensures that these devices act together in response to changes in the grid conditions, preventing instabilities and cascading failures.
Frequency Regulation: The frequency of an alternating current power system is directly linked to the balance between power generation and consumption. Time synchronization enables grid operators to maintain a constant frequency, avoiding issues like overloading or frequency deviation, which could lead to power disruptions.
Synchronized Phasor Measurement: Synchronized phasor measurements involve time-stamped voltage and current data collected across different locations in the power grid. These measurements help identify and analyze power system disturbances, enabling operators to take swift corrective actions and improve grid resilience.
Wide-Area Protection and Control Systems: In modern smart grids, wide-area protection and control systems rely on synchronized time information to exchange real-time data and make rapid decisions during fault events. This enhances the overall power grid's reliability and reduces downtime.
Data Logging and Analysis: Accurate time synchronization facilitates data logging and analysis across different devices and substations in the power system. This synchronized data is valuable for performance analysis, fault diagnosis, and optimizing grid operations.
Power Quality Monitoring: Time synchronization aids in power quality monitoring, which involves tracking voltage fluctuations, harmonics, and other disturbances. Timely identification of power quality issues enables utilities to take corrective measures and maintain a high-quality power supply.
Protection and Coordination: Protective relays and other protection devices must operate coherently during faults to isolate and protect specific sections of the power grid. Time synchronization ensures proper coordination and avoids misoperations, contributing to grid reliability.
Grid Modernization Initiatives: As power grids evolve into smarter and more interconnected systems, time synchronization becomes a foundational requirement for implementing advanced technologies, such as IoT devices, data analytics, and automated control systems.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Time Synchronization in the Electric Power System market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Microsemi (Microchip)
Meinberg
Grid Solutions (GE)
MOBATIME
Sapling
American Time
Primex
BRG Precision Products
Arbiter Systems
EndRun Technologies
Orolia
SANDS
hopf Elektronik
Valiant Communications
Galleon Systems
Brandywine Communications
Nari Technology
CYG SUNRI
Kehui Power Automation
RUICHENG ELECTRIC
Da He Electric Power Technology
Shuanghe Electric
Chengdu Tian'ao Electronics
Zhong Yuan Hua Dian Science & Technology
Lingtong Electronic Technology
Dongyue Technology
Segment by Type
GPS Time Synchronization
Beidou Time Synchronization
Segment by Application
Substation
Power Station
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Time Synchronization in the Electric Power System report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
According to Researcher's new survey, global Time Synchronization in the Electric Power System market is projected to reach US$ million in 2029, increasing from US$ million in 2022, with the CAGR of % during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Time Synchronization in the Electric Power System market research.
The market driver for time synchronization in the electric power system is the need for accurate and precise timekeeping for efficient and reliable power grid operation. Time synchronization plays a crucial role in various aspects of the electric power system, and its importance has increased with the advent of modern smart grid technologies. The following factors contribute to the growing demand for time synchronization in the electric power system:
Grid Stability and Control: Accurate time synchronization is essential for grid stability and control. In a power system, various devices and equipment, such as generators, substations, and protection relays, must operate in perfect coordination to maintain a stable and reliable power supply. Precise time synchronization ensures that these devices act together in response to changes in the grid conditions, preventing instabilities and cascading failures.
Frequency Regulation: The frequency of an alternating current power system is directly linked to the balance between power generation and consumption. Time synchronization enables grid operators to maintain a constant frequency, avoiding issues like overloading or frequency deviation, which could lead to power disruptions.
Synchronized Phasor Measurement: Synchronized phasor measurements involve time-stamped voltage and current data collected across different locations in the power grid. These measurements help identify and analyze power system disturbances, enabling operators to take swift corrective actions and improve grid resilience.
Wide-Area Protection and Control Systems: In modern smart grids, wide-area protection and control systems rely on synchronized time information to exchange real-time data and make rapid decisions during fault events. This enhances the overall power grid's reliability and reduces downtime.
Data Logging and Analysis: Accurate time synchronization facilitates data logging and analysis across different devices and substations in the power system. This synchronized data is valuable for performance analysis, fault diagnosis, and optimizing grid operations.
Power Quality Monitoring: Time synchronization aids in power quality monitoring, which involves tracking voltage fluctuations, harmonics, and other disturbances. Timely identification of power quality issues enables utilities to take corrective measures and maintain a high-quality power supply.
Protection and Coordination: Protective relays and other protection devices must operate coherently during faults to isolate and protect specific sections of the power grid. Time synchronization ensures proper coordination and avoids misoperations, contributing to grid reliability.
Grid Modernization Initiatives: As power grids evolve into smarter and more interconnected systems, time synchronization becomes a foundational requirement for implementing advanced technologies, such as IoT devices, data analytics, and automated control systems.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Time Synchronization in the Electric Power System market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Microsemi (Microchip)
Meinberg
Grid Solutions (GE)
MOBATIME
Sapling
American Time
Primex
BRG Precision Products
Arbiter Systems
EndRun Technologies
Orolia
SANDS
hopf Elektronik
Valiant Communications
Galleon Systems
Brandywine Communications
Nari Technology
CYG SUNRI
Kehui Power Automation
RUICHENG ELECTRIC
Da He Electric Power Technology
Shuanghe Electric
Chengdu Tian'ao Electronics
Zhong Yuan Hua Dian Science & Technology
Lingtong Electronic Technology
Dongyue Technology
Segment by Type
GPS Time Synchronization
Beidou Time Synchronization
Segment by Application
Substation
Power Station
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Time Synchronization in the Electric Power System report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
24/7 Research Support
Phone: +1 (888) 690-5999 
