Global Power System Simulators Strategic Business Report 2023: High Growth Potential of Renewable Energy Sector to Fuel Growth


Dublin, April 25, 2023 (GLOBE NEWSWIRE) -- The "Power System Simulators: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Power System Simulators estimated at US$1.1 Billion in the year 2022, is projected to reach a revised size of US$1.8 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2022-2030.

Load Flow, one of the segments analyzed in the report, is projected to record a 7.1% CAGR and reach US$583.7 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Short Circuit segment is readjusted to a revised 6.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $277.4 Million, While China is Forecast to Grow at 7.2% CAGR

The Power System Simulators market in the U.S. is estimated at US$277.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$213.6 Million by the year 2030 trailing a CAGR of 7.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 5.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$188.1 Million by the year 2030.

Select Competitors (Total 35 Featured) -

  • ABB
  • Eaton Corporation, Inc.
  • ETAP
  • Fuji Electric Co., Ltd.
  • GE Energy Consulting
  • Neplan AG
  • Opal-RT Technologies, Inc.
  • PowerWorld Corporation
  • RTDS Technologies, Inc.
  • Siemens AG
  • The MathWorks, Inc.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages527
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$1.1 Billion
Forecasted Market Value (USD) by 2030$1.8 Billion
Compound Annual Growth Rate6.3%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Power System Simulators - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • An Introduction to Power System Simulation
  • Power System Simulator Market: Healthy Growth Prospects
  • Software: The Largest Segment
  • Load Flow Module Leads Power System Simulator Market
  • Power Sector Fuels Need for Power System Simulators
  • North America Dominates Global Market
  • Competition
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Robust Increase in Power Sector and Growth in Power Generation Capacities Drive Need for Power System Simulators
  • Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
  • Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
  • Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
  • High Growth Potential of Renewable Energy Sector to Fuel Market Growth
  • Global Solar Power Market: Solar PV Capacity (in GW) and PV Generation (in TWh) for the Years 2017, 2019, 2021 and 2023
  • Global Wind Power Market: Cumulated Installed Capacity (in GW) for the Years 2012 through 2018
  • Global Renewable Energy Investments in US$ Billion: 2018 & 2030
  • Global Renewable Capacity Growth by Technology over the Period 2019-2024
  • Growing Importance of Real-time Digital Power System Simulations for Power Systems Design & Scheduling
  • A Glance at Select Real Time Digital Simulators
  • Real Time Simulation Offers Support for Smart Grid Deployments
  • Cloud Platforms and IoT Adoption in Power System Simulators
  • Arc Flash Simulation Studies: Essential to Prevent and Mitigate Hazards Related to Arc Flash Events
  • Investment Scenario in Mining & Metals Sector Influences Market Growth
  • Product Segmentation by Module: Definitions

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/nlkatl

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Global Market for Power System Simulators

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