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 Attribute | Details |
| No. of Pages | 396 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $620.8 Million |
| Forecasted Market Value (USD) by 2030 | $1200 Million |
| Compound Annual Growth Rate | 8.6% |
| Regions Covered | Global |
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
