Valued at $ 858.2 million by 2026, state of the power system estimators expected to experience robust growth globally


FACTS AT A GLANCE
Editing: 9; Posted: November 2021
Executive pool: 15701
Companies: 30 – The actors covered include the ABB Group; Alstom SA; CYME International T&D Inc .; DIgSILENT GmbH; Energy computer systems (Spard); Epf1 (Simsen); ETAP – Operation Technology, Inc .; GDF Suez – Tractebel Engineering SA; General Electricity Company; KEPCO Inc .; NEPLAN SA; Nexant, Inc .; International Open Systems, Inc .; Power Research & Development Consultants Pvt. Ltd. ; the PowerWorld company; Siemens SA; Siemens Power Technologies International; SKM Systems Analysis Inc .; Tom (Pasha) (Power apparatus and homological analysis of the system) and others.
Blanket: All major geographies and key segments
Segments: Software (power control centers, utility condition estimator); Solution (weighted lease square (WLS), least absolute value (LAV), other solutions); Application (Transmission network, Distribution network)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; 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.

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ABSTRACT-

Global Electricity System Condition Estimator Market To Reach US $ 858.2 million by 2026

Electrical system condition estimators help monitor, supervise and control distribution and transmission networks. They use some redundant measurements obtained from electrical systems to identify the true state of the system. Although they are not currently deployed on a large scale, they have the potential to provide real-time protection and control of power systems in the future. Growth in the global market is driven by factors such as the emergence and growing adoption of smart grids, rapidly expanding and increasingly complex distribution and transmission networks, and regulations supporting the use of systems. energy efficient. Estimating the state of the power system seems poised to gain more attention with the continued shift from passive to active distribution networks. The transition points to the need for efficient solutions to monitor and control electrical distribution systems in real time and improve the operating performance of these systems.

Amid COVID-19 Crisis, Global Power System Condition Estimator Market is estimated to be US $ 559.4 million in 2020, is expected to reach a revised size of US $ 858.2 million by 2026, with a CAGR of 7.6% over the analysis period. Power control centers, one of the segments analyzed in the report, is expected to grow at a CAGR of 6.9% to reach US $ 580.1 million at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the utility condition estimators segment is readjusted to a revised CAGR of 8.8% for the next 7 year period. This segment currently accounts for a 35.2% share of the global electrical system condition estimator market.

The US market is estimated at $ 128.8 million in 2021, when China is expected to reach $ 156.2 million by 2026

The United States Power System Condition Estimator market is estimated to be US $ 128.8 million in 2021. The country currently represents a 22.13% share of the global market. China, the world’s second-largest economy, is expected to reach an estimated market size of US $ 156.2 million during the year 2026, with a CAGR of 9.5% during the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 6.4% and 6.5% respectively over the period of analysis. In Europe, Germany is expected to grow by around 7% CAGR while the rest of the European market (as defined in the study) will reach 173.2 million US dollars at the end of the analysis period. Following

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