The global power system simulators market size was valued at around USD 1 billion in 2020 and estimated to grow at a significant CAGR of around 7% during the forecast period 2021 to 2027. The growing power industry and the increasing capacity of power generation across the globe are some major factors to drive the market growth. Furthermore, the increasing adoption of IoT and cloud platform and the reduced cost and project time is further anticipated to boost the market growth. Moreover, the increasing shift towards renewable energy sources such as wind and solar energy is expected to increase the demand for power system simulators in next upcoming years.
The report titled "Power System Simulators Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast - 2020 – 2027" offers a holistic view of the Power System Simulators industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Power System Simulators market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Power System Simulators Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
The Data Power System Simulators Market Segmentation:
By Module:
- Load Flow
- Short Circuit
- Device Coordination Selectivity
- Arc Flash
- Harmonics
- Others
By Component:
- Software
- Hardware
- Services
By End-Use:
- Power
- Industrial
- Others
By Region:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
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List of Key Companies:
- Schneider Electric
- Siemens
- GE (US)
- ETAP
- RTDS Technologies
- MathWorks
- OPAL-RT
- Eaton
Key Questions Answered by Power System Simulators Market Report
· Product popularity and adoption based on various country-level dynamics
· Regional presence and product development for leading market participants
· Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
· Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
· number of employees and market concentration, among others
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