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Power System State Estimator Market Worth $5.87 Billion by 2019


News provided by

MarketsandMarkets

23 Sep, 2014, 17:30 GMT

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DALLAS, September 23, 2014 /PRNewswire/ --

The report "Power System State Estimator Market by Software type (Utility & Power Control Centers), Application (Transmission & Distribution Networks) and Solution Methods (WLS, LAV, Kalman Filter, Bayesian, Newton Gaussian) - Global Trends & Forecasts to 2019", published by MarketsandMarkets, defines and segments the global Power System State Estimator Market with an analysis and forecast of the market size. The Power System State Estimator Market will expand from an estimated $3 Billion in 2014 to $5.87 Billion by 2019 with a CAGR of 14.35% from 2014 to 2019.

Browse 63 market data tables with 24 figures spread through 185 pages and in-depth TOC on "Power System State Estimator Market - Global Trends & Forecasts to 2019".

http://www.marketsandmarkets.com/Market-Reports/power-system-state-estimator-market-162531821.html
Early buyers will receive 10% customization on this report.

The biggest market for state estimators is North America and Europe. The fast growth rate of the Latin American market can be attributed to the increasing investments on preventive steps taken up by developed countries such as U.S., U.K., and Germany among others to curb energy loss and theft, thereby increasing the demand for smart infrastructure. Increased adoption towards energy efficiency, roll outs of smart grids, utilities' inclination to mitigate outages, and avoid blackouts are driving the state estimator market.

The major software used in state estimators is utility state estimation software and power control center software. It has two applications: transmission and distribution. Transmission has got the major share compared to the distribution, as the requirements of the observability are easier to determine the distribution systems.

North America: Largest Market by Region 

North America is the largest market for power system state estimators, with continuing upgrades to existing networks. Power system state estimators are witnessing high CAGR in the region, ensuring that it will continue to be the leading market in the near future.

Power Control Centers: Largest Market by Software Type 

Power Control Centers are the largest market for power system state estimators by software type, largely due to the strong presence of independent system operators and private utility companies in North America and Europe.

Inquiry before Buying:  http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=162531821 

Transmission: Largest Market by Application 

Transmission networks are the biggest market for power system state estimators by application, driven by the need for accurate real-time estimation of bus voltages, which helps enhance the reliability of electric power systems.

Weighted Least Square (WLS) Method: Largest Market by Solution Methods 

The Weighted Least Square (WLS) method dominates the power system state estimators market in terms of solution methods used. It is widely used in transmission networks across the globe, due to its ability to handle regression situations where data points vary in quality.

Browse related reports 

Smart Meter (Electric, Water, Gas, AMI) Market by Shipments, Types, Geography, Applications, Regulations Market Trends & Global Forecasts (2011 - 2016)

http://www.marketsandmarkets.com/Market-Reports/smart-meter-366.html

Circuit Breaker Market & Fuse Market by Type (High, Medium, Low Voltage), Application Non-Residential/Residential Construction, Electronic/Electrical Equipment, Transportation Equipment (Automotive/Non-Automotive) & Geography - Global Trends & Forecast to 2018

http://www.marketsandmarkets.com/Market-Reports/circuit-breaker-and-fuse-market-1237.html

About MarketsandMarkets 

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, Agriculture Industry, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact: 

Mr. Rohan

North - Dominion Plaza

17304 Preston Road

Suite 800, Dallas, TX 75252

Tel: +1-888-600-6441

Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power

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