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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