Market Overview:
The global state estimation software market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for real-time state estimation in transmission and distribution networks. Additionally, the growing need for outage management and fault detection are also contributing factors to the growth of this market. On the basis of type, cloud-based state estimation software is expected to witness higher growth as compared to on-premises state estimation software during the forecast period from 2018 to 2030. This can be attributed due high flexibility and scalability offered by cloud-based solutions along with low implementation costs as compared to on-premises solutions. On the basis of application, transmission network is estimated ot hold a larger share of th global state estimation software market in 2018 followed by distribution network . However, over th e course o fthe forecast period , t he distribution network segment i s projected t o witness hig her g rowth rat es du e t o increasin g demand for reliable an d timely power supply across various regions .
Product Definition:
State estimation software is used to calculate the state of a system at any given time. This information can be used to troubleshoot and optimize the system. State estimation software is important for understanding how a system works and making changes that improve its performance.
Cloud-based:
Cloud-based software is a type of software service that provides functionality to manage data and applications across multiple devices. It offers benefits such as on-demand availability of computing resources, easy accessibility from any place, and low operational cost among others. The major factor driving the growth of this market is increasing adoption rate due to its cost effectiveness compared to traditional methods used for estimation purposes which are time intensive and laborious.
On-premises:
On-premises software is a type of software that is installed and used on the end users' computers, laptops, tablets or smartphones. The main aim of installing this type of software is to keep the data safe from hackers and secure it from any external interference. On-premises solutions are widely used by large organizations as they have dedicated IT staff who can handle all types of issues regarding the security aspect in their organization.
Application Insights:
The global state estimation software market is segmented by application into transmission network and distribution network. The transmission network segment dominated the overall market in terms of revenue share in 2017. This can be attributed to factors such as increasing demand for high-speed internet services, growing number of telecom subscriptions, and an increase in data traffic across the globe. Furthermore, a significant increase has been witnessed in the deployment of smart grids on account of their ability to automate numerous processes related to electricity generation and distribution thereby driving demand over the forecast period.
The other applications segment includes applications such as transportation networks, water treatment systems etc., State estimation tools are used for various purposes including capacity planning & management during emergencies or disasters when there is a need to restore normal operations quickly after they occur or when there is a need to improve preparedness against future hazards or risks that may lead to loss economic activity time etc.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its dominance over the forecast period owing to early adoption of technologies and enhanced security measures taken by governments across U.S., Canada, and Mexico. Moreover, growing demand for smart grid solutions is also anticipated to drive regional growth over the forecast period.
Asia Pacific state estimation software market is projected to grow at a lucrative rate during the forecast period due to increasing investments in renewable energy infrastructure such as wind farms and solar photovoltaic installations across China, India, Japan, South Korea, Indonesia Malaysia Philippines Thailand Vietnam among other emerging economies of Asia Pacific region which will lead towards an increase in power demand thereby driving industry growth over the next eight years ‘’‰‰”¤¦£ “œ˜stateestmo@gmail.
Growth Factors:
- Increasing demand for state estimation software from process industries for improving the efficiency of their production processes.
- Growing popularity of big data and analytics, which is helping to drive the adoption of state estimation software in various industrial sectors.
- Proliferation of Internet-of-Things (IoT) and Industrial-IoT (IIoT) is creating new opportunities for the state estimation software market growth.
- Rising demand from end users such as automotive, aerospace & defense, and semiconductor manufacturers for real-time monitoring and control of their manufacturing processes using state estimation software solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
State Estimation Software Market Research Report
By Type
Cloud-based, On-premises
By Application
Transmission Network, Distribution Network
By Companies
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), GDF Suez (Eurostag), PowerWorld
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global State Estimation Software Market Report Segments:
The global State Estimation Software market is segmented on the basis of:
Types
Cloud-based, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transmission Network, Distribution Network
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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)
- GDF Suez (Eurostag)
- PowerWorld
Highlights of The State Estimation Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- On-premises
- By Application:
- Transmission Network
- Distribution Network
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the State Estimation Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
State estimation software is a computer program that estimates the state of a system or network.
Some of the major companies in the state estimation software market are 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), GDF Suez (Eurostag), PowerWorld.
The state estimation software market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 State Estimation Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 State Estimation Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 State Estimation Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the State Estimation Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global State Estimation Software Market Size & Forecast, 2018-2028
4.5.1 State Estimation Software Market Size and Y-o-Y Growth
4.5.2 State Estimation Software Market Absolute $ Opportunity
Chapter 5 Global State Estimation Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 State Estimation Software Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global State Estimation Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 State Estimation Software Market Size Forecast by Applications
6.2.1 Transmission Network
6.2.2 Distribution Network
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global State Estimation Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 State Estimation Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America State Estimation Software Analysis and Forecast
9.1 Introduction
9.2 North America State Estimation Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America State Estimation Software Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America State Estimation Software Market Size Forecast by Applications
9.10.1 Transmission Network
9.10.2 Distribution Network
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe State Estimation Software Analysis and Forecast
10.1 Introduction
10.2 Europe State Estimation Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe State Estimation Software Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe State Estimation Software Market Size Forecast by Applications
10.10.1 Transmission Network
10.10.2 Distribution Network
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific State Estimation Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific State Estimation Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific State Estimation Software Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific State Estimation Software Market Size Forecast by Applications
11.10.1 Transmission Network
11.10.2 Distribution Network
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America State Estimation Software Analysis and Forecast
12.1 Introduction
12.2 Latin America State Estimation Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America State Estimation Software Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America State Estimation Software Market Size Forecast by Applications
12.10.1 Transmission Network
12.10.2 Distribution Network
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) State Estimation Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) State Estimation Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) State Estimation Software Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) State Estimation Software Market Size Forecast by Applications
13.10.1 Transmission Network
13.10.2 Distribution Network
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 State Estimation Software Market: Competitive Dashboard
14.2 Global State Estimation Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Schneider Electric
14.3.4 Open System International (OSI)
14.3.5 General Electric
14.3.6 Nexant
14.3.7 ETAP Electrical Engineering Software
14.3.8 BCP Switzerland (Neplan)
14.3.9 Eaton (CYME)
14.3.10 DIgSILENT (Power Factory)
14.3.11 Energy Computer Systems (Spard)
14.3.12 EPFL (Simsen)
14.3.13 GDF Suez (Eurostag)
14.3.14 PowerWorld
