Global Power System State Estimators Strategic Industry Report 2024: Taking Power Network Modeling to Next Level - Market Forecasts to 2030


Dublin, Feb. 15, 2024 (GLOBE NEWSWIRE) -- The "Power System State Estimators - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Power System State Estimators Market to Reach $1.2 Billion by 2030

The global market for Power System State Estimators estimated at US$620.8 Million in the year 2022, is projected to reach a revised size of US$1.2 Billion by 2030, growing at a CAGR of 8.5% over the analysis period 2022-2030. Power Control Centers, one of the segments analyzed in the report, is projected to record 7.8% CAGR and reach US$726.4 Million by the end of the analysis period. Growth in the Utility State Estimator segment is estimated at 9.7% CAGR for the next 8-year period.



The U.S. Market is Estimated at $135.9 Million, While China is Forecast to Grow at 10.4% CAGR

The Power System State Estimators market in the U.S. is estimated at US$135.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$231.8 Million by the year 2030 trailing a CAGR of 10.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 7.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.9% CAGR.

Key Attributes:

Report AttributeDetails
No. of Pages396
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$620.8 Million
Forecasted Market Value (USD) by 2030$1200 Million
Compound Annual Growth Rate8.6%
Regions CoveredGlobal



MARKET OVERVIEW

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

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
  • 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
  • Rapid Urbanization: A Mega Growth Driver for Power System State Estimators
  • Rising Investments in Smart Grids Bodes Well
  • 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

FOCUS ON SELECT PLAYERS(Total 30 Featured)

  • ABB Ltd.
  • General Electric Company
  • Eaton Corporation PLC
  • Open Systems International, Inc.(OSI)
  • ETAP
  • Alstom SA
  • KEPCO Inc.
  • CYME International T&D Inc.
  • NEPLAN AG
  • DIgSILENT GmbH
  • Energy Computer Systems (Spard)
  • Electricity Coordinating Center Ltd.
  • Power Research & Development Consultants Pvt. Ltd.
  • Electric Power Group, LLC
  • Enphase Energy

For more information about this report visit https://www.researchandmarkets.com/r/z6hbk8

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Power System State Estimators Market

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