Power System Simulator Market Size, Competitive Landscape, Revenue Analysis, 2030


 

Power System Simulator Market Analysis

Power System Simulator Market size is projected to reach USD 1,461.8 Million from an estimated USD 962.7 Million, with 7.50% CAGR during the forecast period 2022-2030.

Opportunities 

Growing Need for Renewable Energy Sources to offer Robust Opportunities 

The growing need for renewable sources of energy like wind and solar energy will offer robust opportunities for the power system simulator market over the forecast period. 

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CAGR

  7.50% CAGR (2022-2030)

  Base Year

  2021

  Forecast Period

  2022-2030

  Historical Data

  2019 & 2020

  Forecast Units

   Value (USD Million)

  Report Coverage

  Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

  Segments Covered

  Module, Component and End-user

  Geographies Covered

  North America, Europe, Asia-Pacific, and Rest of the World (RoW)

Market Segmentation 

The global power system simulator market is bifurcated based on module, components and end users. 

·         By module, the load flow segment will lead the market over the forecast period. 

·         By components, the software segment will dominate the market over the forecast period. 

·         By end users, the power segment will spearhead the market over the forecast period. 

Regional Analysis 

North America to Dominate Power System Simulator Market 

North America will dominate the power system simulator market over the forecast period. Thriving power sector, surge in power generation using renewable sources of energy, sizeable investments in the mining and metals industry, rapid expansion of the shale oil market, increasing adoption in the US, heavy investments in the IoT industry, and increased investments in clean energy production capacity are adding to the growth of the global power system simulator market in the region. Besides, increasing IoT industry in Canada and the US, huge allocation of funds via the government for emerging smart grid systems, rising efforts of the Canadian government to increase power infrastructure facility to decrease power loss at the time of production and transmission of electricity, and growing renewable energy trends are also adding to the growth of the market in the region.

Key Players 

Eminent market players profiled in the global power system simulator market report include ABB (Switzerland), Schneider Electric (France), Eaton (Ireland), Siemens (Germany), GE (US), ETAP (US), Open Systems International, Inc. (US), The MathWorks, Inc. (US), Opal-RT Technologies, Inc. (Canada), PowerWorld Corporation (US), Neplan AG (Switzerland), RTDS Technologies Inc. (Canada), Energy Exemplar (Australia), Fuji Electric (Japan), and Atos SE (France).

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