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Global Power System State Estimator Market Estimated to Be 1051 Million USD in 2026 - QYResearch Report

Author: QYResearch  |   Published Date: 2021-05-26   |   Views: 125



State Estimation (SE) is a process to estimate the electrical state of a network and find an approximation for the unknown state variables in the system obtained from imperfect measurements.

State estimator is an important tool for online monitoring, analysis and feedback control of power systems. State estimation is used in all Energy Management Systems (EMS) to identify the present operating state of a system, and is the core of distribution system analysis software. It can be also used in power system simulation software.

According to QYResearch latest research, the global Power System State Estimator size is estimated to be USD 1,051 million in 2026 from USD 671 million in 2020, with a change 6.7% between 2020 and 2021. The global Power System State Estimator market size is expected to grow at a CAGR of 8.0% for the next five years.

 

Global Power System State Estimator Market- Key Players

ABB, Siemens, Schneider Electric, Open System International (OSI), General Electric, Nexant, ETAP Electrical Engineering Software, BCP Switzerland (Neplan), Eaton (CYME), DIgSILENT (Power Factory), Energy Computer Systems (Spard), EPFL (Simsen), PowerWorld are some key suppliers in the global Power System State Estimator market. The industry concentration is high and dominated by a few leading companies. ABB, Siemens and Eaton (CYME) are the top 3 players and own 44.57% revenue share in 2020.

 

Power system state estimator has wide range of applications, such as electric power distribution, electric power transmission. Transmission is the conventional application of state estimator, it was the most widely used area which took up about 77% of the global total in 2020.

 

USA, Germany, France, Switzerland etc. are now the key providers of power system state estimator. The power system state estimator market size will reach about 1,051 million USD in 2026 from 671 million USD in 2020 all around the world, with the CAGR of 8.0%.

 

North America and Europe are the two largest regions of power system state estimator in the world in the past few years and it will keep increasing in the next few years. These two regions took up about 2/3 of the global market in 2020, while APAC were about 26%.

 

The power system state estimator market is relatively fragmented, though there are several big players in the world. ABB, Siemens, Eaton Corporation, General Electric, Schneider Electric, etc. are the key suppliers in the global power system state estimator market. Top 5 took up above one half of the global market in 2020.

 

Read More Information: https://www.qyresearch.com/index/detail/3111695/global-power-system-state-estimator-market

 

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