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Power System State Estimators - Global Market Trajectory & Analytics

  • ID: 5141214
  • Report
  • February 2022
  • Region: Global
  • 396 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ABB Ltd.
  • DIgSILENT GmbH
  • Energy Computer Systems
  • General Electric Company
  • NEPLAN AG
  • Powerworld Corporation

Global Power System State Estimators Market to Reach US$858.2 Million by the Year 2026


Power system state estimators help monitor, supervise and control the distribution and transmission networks. They make use of certain redundant measurements obtained from the power systems to identify the true state of the system. Although they are currently not deployed on a large-scale, they hold potential to deliver real-time protection and control of power systems in the future. Growth in the global market is led by factors including the emergence and increasing adoption of smart grids, the fast expanding and increasingly complex distribution and transmission networks and regulations supporting the use of energy-efficient systems. Power system state estimation appears poised to garner more attention with continuous shift from passive towards active distribution networks. The transition points towards the requirement of effective solutions to monitor and control electrical distribution systems in real-time and push operating performance of these systems.

Amid the COVID-19 crisis, the global market for Power System State Estimators estimated at US$559.4 Million in the year 2020, is projected to reach a revised size of US$858.2 Million by 2026, growing at a CAGR of 7.6% over the analysis period. Power Control Centers, one of the segments analyzed in the report, is projected to grow at a 6.9% CAGR to reach US$580.1 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Utility State Estimator segment is readjusted to a revised 8.8% CAGR for the next 7-year period. This segment currently accounts for a 35.2% share of the global Power System State Estimators market.



The U.S. Market is Estimated at $128.8 Million in 2021, While China is Forecast to Reach $156.2 Million by 2026


The Power System State Estimators market in the U.S. is estimated at US$128.8 Million in the year 2021. The country currently accounts for a 22.13% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$156.2 Million in the year 2026 trailing a CAGR of 9.5% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 6.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7% CAGR while Rest of European market (as defined in the study) will reach US$173.2 Million by the end of the analysis period.

Select Competitors (Total 30 Featured) -

  • ABB Ltd.
  • CYME International T&D Inc.
  • DIgSILENT GmbH
  • Energy Computer Systems
  • ETAP/Operation Technology, Inc.
  • General Electric Company
  • NEPLAN AG
  • Open System International, Inc.
  • Powerworld Corporation
  • Resource Innovations, Inc.
  • Siemens AG
  • SKM Systems Analysis Inc.
Frequently Asked Questions about the Global Market for Power System State Estimators

What is the estimated value of the Global Market for Power System State Estimators?

The Global Market for Power System State Estimators was estimated to be valued at $559.4 Million in 2020.

What is the growth rate of the Global Market for Power System State Estimators?

The growth rate of the Global Market for Power System State Estimators is 7.4%, with an estimated value of $858.2 Million by 2026.

What is the forecasted size of the Global Market for Power System State Estimators?

The Global Market for Power System State Estimators is estimated to be worth $858.2 Million by 2026.

Who are the key companies in the Global Market for Power System State Estimators?

Key companies in the Global Market for Power System State Estimators include ABB Ltd., CYME International T&D Inc., DIgSILENT GmbH, Energy Computer Systems, ETAP/Operation Technology, Inc., General Electric Company, NEPLAN AG, Open System International, Inc. and Resource Innovations, Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd.
  • DIgSILENT GmbH
  • Energy Computer Systems
  • General Electric Company
  • NEPLAN AG
  • Powerworld Corporation

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Power System State Estimators – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 30 Players Worldwide in 2022 (E)
  • Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • COVID-19 Impact, Market Reset & the New Normal: Beyond the Current Challenges, the Pandemic Will Fuel Energy Transition
  • Global Energy Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • After Getting Hit the Hardest, the Clean Energy Segment Bound to Rebound
  • Global Clean Technologies Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Recommendations for the Power & Energy Sector in the Post-Pandemic Era
  • State Estimator and State Estimation: An Introduction
  • Power System State Estimators: Prelude
  • Global Market Prospects & Outlook
  • World Power System State Estimators Market by Software Type (2021): Percentage Breakdown of Revenues for Power Control Centers, and Utility State Estimator
  • World Power System State Estimators Market by Solution (2021): Percentage Breakdown of Revenues for Weighted Lease Square (WLS), Least Absolute Value (LAV), and Other Solutions
  • Regional Analysis
  • World Power System State Estimators Market by Region: Percentage Breakdown of Revenues for Developed and Developing Regions (2021 & 2027)
  • World Power System State Estimators Market - Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Europe, Canada, and Japan
  • Competitive Scenario
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Distribution State Estimators: Taking Power Network Modeling to Next Level
  • Dynamic Power State Estimators for Large-Scale Power Systems
  • D-P2N2 Approach for State Estimation of Large-Scale Distribution Grids
  • New Estimator Deals with Power System Uncertainties Brought by Renewable Integration
  • MSE-based State Estimators for DERs
  • Conditional GAN for Power System State Estimation
  • State Estimation Remains Integral to Next-Generation Power Systems
  • New Approach to Mitigate Impact of System Frequency Variability on State Estimation
  • Power Grid Modernization Implies Upgrades in Policy Regimes & Infrastructure
  • Growing Need to Increase Power T&D Efficiency Bodes Well
  • Global Investments into Power T&D Infrastructure by Region (in %) for 2020 and 2040
  • Relevance in Renewable Energy Based Power Projects
  • Targets for Electricity Production from Renewable Energy Sources in Select Countries
  • Global Investments (US$ Billion) in Renewable Energy by Source: 2018
  • Growing Investments in Energy Infrastructure Elevates Demand
  • Electricity Demand Patterns
  • Projected Global Demand for Electricity (MWh): 2015, 2025, & 2035
  • Change in Gross Electricity Demand in TWh for 2017-50
  • Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
  • Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
  • Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030
  • Rapid Urbanization: A Mega Growth Driver for Power System State Estimators
  • World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
  • World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050
  • World Population Urbanization Rate (%) by Region/Country: 2016 & 2040
  • Rising Investments in Smart Grids Bodes Well
  • Global Smart Grid Revenues in US$ Million for the Years 2018, 2021 and 2024
  • Global Market for Smart Grids (in US$ Billion) for the Years 2020
  • Distributed Generation Offers Opportunities
  • World Distributed Generation Market by Geographic Region (2021 & 2027) – Annual Revenues in US$ Million for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa
  • New Boundary Defense Mechanism to Prevent Cyberattacks on Power System State Estimation

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Power System State Estimators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Power System State Estimators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Power System State Estimators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Power System State Estimators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Power System State Estimators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Power System State Estimators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Power System State Estimators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Power System State Estimators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Power System State Estimators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Power System State Estimators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Power System State Estimators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

MIDDLE EAST

  • Power System State Estimators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

AFRICA

  • Power System State Estimators Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 30
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ABB Ltd.
  • CYME International T&D Inc.
  • DIgSILENT GmbH
  • Energy Computer Systems
  • ETAP/Operation Technology, Inc.
  • General Electric Company
  • NEPLAN AG
  • Open System International, Inc.
  • Powerworld Corporation
  • Resource Innovations, Inc.
  • Siemens AG
  • SKM Systems Analysis Inc.
Note: Product cover images may vary from those shown