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Power System Simulator Market - Global Industry Analysis

Global Power System Simulator Market - By End-User (T&D, Power Generation, Manufacturing, O&G, And Metals), By Offering (Software, Hardware, And Services), By Module (Short Circuit, Load Flow, Arc Flash, And Device Coordination Selectivity), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 24-Sep-2020 Category: Semiconductor & Electronics Report Format : PDF Pages: 110 Report Code: ZMR-2841 Status : Published

Global Power System Simulator market, which was estimated at 1,032.34 (USD Million) in 2019 and is anticipated to hit 1,564. 65 (USD Million) by 2026, is set to record a CAGR of nearly 7.19% over 2020-2026.

Description

The global Power System Simulator market, which was estimated at 1,032.34 (USD Million) in 2019 and is anticipated to hit 1,564. 65 (USD Million) by 2026, is set to record a CAGR of nearly 7.19% over 2020-2026. The report offers valuation and analysis of Power System Simulator market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Million).

Introduction

Power system simulator is a kind of software that is utilized by engineers for simulation of power transmission networks under steady-state conditions and over period ranging from few seconds to many seconds. Apparently, the software is used for long-term power generation and power transmission expansion planning. In addition to this, the software focuses on economic dispatch calculation, faults calculation, and power flow calculation. Additionally, the product act as power system real-time simulator and assess the grid problem in real-time.

Market Growth Dynamics

Escalating need of power system simulators for increasing power generating capacities will steer the market growth over the coming years. Apart from this, massive acceptance of new technologies like IoT and cloud platforms is set to embellish power system simulator industry expansion over the ensuing years. Furthermore, escalating demand for the product due to its ability to minimize project time as well as costs will create lucrative growth avenues for the business over the forthcoming years. Additionally, rise in the funding by the government for encouraging the use of power system simulators will accentuate the growth of power system simulator market in the years ahead. Nevertheless, slow growth witnessed in mining and oil & gas sector are likely to put brakes on power system simulator industry expansion. Additionally, rising cases of data breach will further create hindrances for the business over the coming years. However, infrastructural expansion of electric grid in the emerging economies will offer new growth opportunities for the industry in the foreseeable future.

North American Market To Gain Dominant Position Over 2020-2026

The growth of the market in the sub-continent over the estimated timespan can be attributed to growing renewable energy trends along with thriving metal & mining industries in the region. Additionally, huge allocation of funds by government for developing smart grid systems and growing efforts of Canadian government for enhancing power infrastructure facility to reduce power loss during production & transmission of electricity will facilitate the growth of power system simulator market in North America over the coming years.

Key players influencing the market growth are Schneider Electric, Atos SE, ABB, Siemens, Eaton, ETAP, GE, Fuji Electric, The MathWorks, Inc., Neplan AG, Open Systems International, Inc., PowerWorld Corporation, Opal-RT Technologies, Inc., RTDS Technologies Inc., and Energy Exemplar.

The global power system simulator market is segmented as follows:

By Offering

  • Hardware
  • Software
  • Services

By Modules

  • Load Flow
  • Short Circuit
  • Arc Flash
  • Device Coordination Selectivity
  • Harmonics
  • Others

By End-User

  • Power
    • Power Generation
    • Transmission and Distribution
  • Hardware
    • Oil & Gas
    • Manufacturing
    • Metals and Mining
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Power System Simulator Market, 2016–2026 (USD Million)
    • 2.2. Power System Simulator Market: Snapshot
  • Chapter 3. Global Power System Simulator Market– Industry Analysis
    • 3.1. Power System Simulator Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Rise in the funding by the government for encouraging the use of power system simulators will accentuate the growth of power system simulator market in the years ahead.
      • 3.2.2. Escalating demand for the product due to its ability to minimize project time as well as costs will create lucrative growth avenues for the business over the forthcoming years.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By End-User
      • 3.4.2. Market attractiveness analysis By Offering
      • 3.4.3. Market attractiveness analysis By Module
  • Chapter 4. Global Power System Simulator Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Power System Simulator Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Power System Simulator Market– End-User Analysis
    • 5.1. Global Power System Simulator Market overview: By End-User
      • 5.1.1. Global Power System Simulator Market share, By End-User , 2019 and 2026
    • 5.2. T&D
      • 5.2.1. Global Power System Simulator Market By T&D, 2016–2026 (USD Million)
    • 5.3. Power Generation
      • 5.3.1. Global Power System Simulator Market By Power Generation, 2016–2026 (USD Million)
    • 5.4. Manufacturing
      • 5.4.1. Global Power System Simulator Market By Manufacturing, 2016–2026 (USD Million)
    • 5.5. O&G
      • 5.5.1. Global Power System Simulator Market By O&G, 2016–2026 (USD Million)
    • 5.6. Metals
      • 5.6.1. Global Power System Simulator Market By Metals, 2016–2026 (USD Million)
  • Chapter 6. Global Power System Simulator Market– Offering Analysis
    • 6.1. Global Power System Simulator Market overview: By Offering
      • 6.1.1. Global Power System Simulator Market share, By Offering , 2019 and 2026
    • 6.2. Software
      • 6.2.1. Global Power System Simulator Market By Software, 2016–2026 (USD Million)
    • 6.3. Hardware
      • 6.3.1. Global Power System Simulator Market By Hardware, 2016–2026 (USD Million)
    • 6.4. Services
      • 6.4.1. Global Power System Simulator Market By Services, 2016–2026 (USD Million)
  • Chapter 7. Global Power System Simulator Market– Module Analysis
    • 7.1. Global Power System Simulator Market overview: By Module
      • 7.1.1. Global Power System Simulator Market share, By Module , 2019 and 2026
    • 7.2. Short Circuit
      • 7.2.1. Global Power System Simulator Market By Short Circuit, 2016–2026 (USD Million)
    • 7.3. Load Flow
      • 7.3.1. Global Power System Simulator Market By Load Flow, 2016–2026 (USD Million)
    • 7.4. Arc Flash
      • 7.4.1. Global Power System Simulator Market By Arc Flash, 2016–2026 (USD Million)
    • 7.5. Device Coordination Selectivity
      • 7.5.1. Global Power System Simulator Market By Device Coordination Selectivity, 2016–2026 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1. Schneider Electric
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. ABB
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Siemens
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Eaton
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. ETAP
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Developments
    • 8.6. GE
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Developments
    • 8.7. The MathWorks, Inc.
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product Portfolio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Developments
    • 8.8. Open Systems International, Inc.
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product Portfolio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Developments
    • 8.9. PowerWorld Corporation
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product Portfolio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Developments
    • 8.10. Opal-RT Technologies, Inc.
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product Portfolio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Developments
    • 8.11. RTDS Technologies Inc.
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product Portfolio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Developments
    • 8.12. Neplan AG
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Product Portfolio
      • 8.12.4. Business Strategy
      • 8.12.5. Recent Developments
    • 8.13. Fuji Electric
      • 8.13.1. Overview
      • 8.13.2. Financials
      • 8.13.3. Product Portfolio
      • 8.13.4. Business Strategy
      • 8.13.5. Recent Developments
    • 8.14. Atos SE
      • 8.14.1. Overview
      • 8.14.2. Financials
      • 8.14.3. Product Portfolio
      • 8.14.4. Business Strategy
      • 8.14.5. Recent Developments
    • 8.15. Energy Exemplar
      • 8.15.1. Overview
      • 8.15.2. Financials
      • 8.15.3. Product Portfolio
      • 8.15.4. Business Strategy
      • 8.15.5. Recent Developments

List of Figures

1. Market research process
2. Market research methodology
3. Global Power System Simulator Market, 2016–2026 (USD Million)
4. Porter’s Five Forces Analysis
5. Global Power System Simulator Market attractiveness, By End-User   
6. Global Power System Simulator Market attractiveness, By Offering
7. Global Power System Simulator Market attractiveness, By Module 
8. Global Power System Simulator Market Share by End-User ,2019 and 2026 (USD Million)
9. Global Power System Simulator Market by T&D ,2016–2026 (USD Million)
10. Global Power System Simulator Market by Power Generation ,2016–2026 (USD Million)
11. Global Power System Simulator Market by Manufacturing,2016–2026 (USD Million)
12. Global Power System Simulator Market by O&G,2016–2026 (USD Million)
13. Global Power System Simulator Market by Metals,2016–2026 (USD Million)
14. Global Power System Simulator Market Share By Offering ,2019 and 2026 (USD Million)
15. Global Power System Simulator Market by Software,2016–2026 (USD Million)
16. Global Power System Simulator Market, By Hardware, 2016–2026 (USD Million)
17. Global Power System Simulator Market, By Services,, 2016–2026 (USD Million)
18. Global Power System Simulator Market Share By Module ,2019 and 2026 (USD Million)
19. Global Power System Simulator Market by Short Circuit,2016–2026 (USD Million)
20. Global Power System Simulator Market, By Load Flow, 2016–2026 (USD Million)
21. Global Power System Simulator Market, By Arc Flash, 2016–2026 (USD Million)
22. Global Power System Simulator Market, By Device Coordination Selectivity, 2016–2026 (USD Million)
23. Global Power System Simulator Market share, by Region, 2019 and 2026
24. North America Power System Simulator Market, 2016–2026 (USD Million)
25. Europe Power System Simulator Market, 2016–2026 (USD Million)
26. Asia Pacific Power System Simulator Market, 2016–2026 (USD Million)
27. Latin America Power System Simulator Market, 2016–2026 (USD Million)
28. The Middle East and Africa Power System Simulator Market, 2016–2026 (USD Million)


List of Tables

1. Global Power System Simulator Market: snapshot
2. Drivers of the Power System Simulator Market: impact analysis
3. North America Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
4. North America Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
5. North America Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
6. The U.S. Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
7. The U.S. Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
8. The U.S. Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
9. Rest of North America Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
10. Rest of North America Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
11. Rest of North America Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
12. Europe Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
13. Europe Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
14. Europe Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
15. UK Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
16. UK Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
17. UK Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
18. France Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
19. France Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
20. France Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
21. Germany Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
22. Germany Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
23. Germany Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
24. Rest of Europe Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
25. Rest of Europe Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
26. Rest of Europe Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
27. Asia Pacific Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
28. Asia Pacific Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
29. Asia Pacific Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
30. China Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
31. China Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
32. China Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
33. Japan Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
34. Japan Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
35. Japan Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
36. India Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
37. India Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
38. India Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
39. Rest of Asia Pacific Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
40. Rest of Asia Pacific Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
41. Rest of Asia Pacific Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
42. Latin America Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
43. Latin America Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
44. Latin America Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
45. Brazil Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
46. Brazil Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
47. Brazil Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
48. Rest of Latin America Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
49. Rest of Latin America Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
50. Rest of Latin America Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
51. The Middle East and Africa Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
52. The Middle East and Africa Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
53. The Middle East and Africa Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
54. Saudi Arabia Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
55. Saudi Arabia Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
56. Saudi Arabia Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
57. South Africa Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
58. South Africa Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
59. South Africa  Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)
60. Rest of the Middle East & Africa Power System Simulator Market revenue, By End-User   , 2016–2026 (USD Million)
61. Rest of the Middle East & Africa Power System Simulator Market revenue, By Offering , 2016–2026 (USD Million)
62. Rest of the Middle East & Africa Power System Simulator Market revenue, By Module , 2016–2026 (USD Million)


 


 

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FrequentlyAsked Questions

Escalating need of power system simulators for increasing power generating capacities will steer the market growth over the coming years. Apart from this, massive acceptance of new technologies like IoT and cloud platforms is set to embellish power system simulator industry expansion over the ensuing years. Furthermore, escalating demand for the product due to its ability to minimize project time as well as costs will create lucrative growth avenues for the business over the forthcoming years.

 According to Zion Market Research Report, The global Power System Simulator market, which was estimated at 1,032.34 (USD Million) in 2019 and is anticipated to hit 1,564. 65 (USD Million) by 2026, is set to record a CAGR of nearly 7.19% over 2020-2026.

North America is likely to make noteworthy contributions towards overall market revenue. The growth in the region over 2020-2026 is attributed to growing renewable energy trends along with thriving metal & mining industries in the region. Additionally, huge allocation of funds by government for developing smart grid systems and growing efforts of Canadian government for enhancing power infrastructure facility to reduce power loss during production & transmission of electricity.

The key players profiled in the report include Schneider Electric, Atos SE, ABB, Siemens, Eaton, ETAP, GE, Fuji Electric, The MathWorks, Inc., Neplan AG, Open Systems International, Inc., PowerWorld Corporation, Opal-RT Technologies, Inc., RTDS Technologies Inc., and Energy Exemplar. The major players are trying to introduce are focusing on various branding & promotional activities to enhance their brand image and positioning in the market. These firms are adopting various positioning strategies like breakaway positioning, and reserve positioning to increase their profits. Apart from this, these firms are exploring new business growth opportunities in countries with untapped market growth potential.

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