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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. 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.
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The country currently accounts for a 22.13% share in the global market. is estimated at US$128.8 Million in the year 2021. The Power System State Estimators market in the U.S. Market is Estimated at $128.8 Million in 2021, While China is Forecast to Reach $156.2 Million by 2026 This segment currently accounts for a 35.2% share of the global Power System State Estimators market. 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. 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. 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.Īmid 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 system state estimation appears poised to garner more attention with continuous shift from passive towards active distribution networks.
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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. 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. They make use of certain redundant measurements obtained from the power systems to identify the true state of the system. Power system state estimators help monitor, supervise and control the distribution and transmission networks. Global Power System State Estimators Market to Reach US$858.2 Million by the Year 2026 You may also build your own bespoke report using our MarketGlass ™ Platform which offers thousands of data bytes without an obligation to purchase our report. Previews provide deep insider access to business trends competitive brands domain expert profiles and market data templates and much more.
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We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Preview our research program before you make a purchase decision. Geographies: World United States Canada Japan China Europe ( France Germany Italy United Kingdom Spain Russia and Rest of Europe) Asia-Pacific ( Australia India South Korea and Rest of Asia-Pacific) Latin America ( Argentina Brazil Mexico and Rest of Latin America) Middle East ( Iran Israel Saudi Arabia United Arab Emirates and Rest of Middle East) and Africa.Ĭomplimentary Project Preview - This is an ongoing global program.
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Segments: Software (Power Control Centers, Utility State Estimator) Solution (Weighted Lease Square (WLS), Least Absolute Value (LAV), Other Solutions) Application (Transmission Network, Distribution Network) Tom (Pasha) (Power Apparatus & System Homological Analysis) and Others.Ĭoverage: All major geographies and key segments PowerWorld Corporation Siemens AG Siemens Power Technologies International SKM Systems Analysis Inc. Power Research & Development Consultants Pvt. DIgSILENT GmbH Energy Computer Systems (Spard) Epfl (Simsen) ETAP - Operation Technology, Inc. Companies: 30 - Players covered include ABB Group Alstom SA CYME International T&D Inc.