Global Power System State Estimator Market By Software (Utility State Estimator Software And Power Control Centers) And Solution (Weighted Lease Square (WLS) Method, Least Absolute Value (LAV) Method And Others) For Transmission Network And Distribution Network Application: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020

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Zion Research has published a new report titled “Global Power System State Estimator Market By Software (Utility State Estimator Software And Power Control Centers) And Solution (Weighted Lease Square (WLS) Method, Least Absolute Value (LAV) Method And Others) For Transmission Network And Distribution Network Application: Global Industry Perspective, Comprehensive Analysis And Forecast, 2014 – 2020.” According to the report, global demand for power system state estimator market was valued at USD 3.00 billion in 2014, and is expected to generate revenue of USD 6.61 billion by end of 2020, growing at a CAGR of 14.1%between 2015 and 2020.

Power system state estimator is a process where telemetered data from network measuring points to a central computer converted into set of potential data for recording and control intentions. Energy management system is a system of computer-aided tools used by operator of electric utility grids to monitor, control, and optimize the performance of the generation, distribution and transmission system. These monitor and control functions are known as SCADA (Supervisory Control and Data Acquisition System). Energy management is the process of monitoring, coordinating and controlling the generation, transmission and distribution of electrical energy.

Browse the full "Global Power System State Estimator Market By Software (Utility State Estimator Software And Power Control Centers) And Solution (Weighted Lease Square (WLS) Method, Least Absolute Value (LAV) Method And Others) For Transmission Network And Distribution Network Application: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020" report at http://www.marketresearchstore.com/report/global-power-system-state-estimator-market-z52694

The major driving factor for power system state estimator market is increasing demand for smart grids, and growing and complex nature of transmission & distribution networks. Government regulations favoring energy efficient systems and advantages of synchrophasor measurements over SCADA measurements for introduction power system state estimation is expected to be another prime driving factor for power system state estimator market. However, lack of industry standards for state estimation is expected to major restraints for power system state estimator market.

Power System State Estimator Market

Based on software, the global power system state estimator market is segmented in to utility state estimator software and power control centers. Power control centers was the leading software segment in power system state estimator market and accounted for over 67.0% of the overall share of market. Weighted lease square (WLS) method, least absolute value (LAV) method and other methods are the key solution of the global power system state estimator market. In 2014, weighted lease square (WLS) method segment was the largest segment that accounted around 45.0% share of the total market. Least absolute value (LAV) method was the second largest segment and it accounted for over 30.0% share of the power system state estimator market.

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