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 Attribute | Details |
| No. of Pages | 527 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.1 Billion |
| Forecasted Market Value (USD) by 2030 | $1.8 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Power System Simulators - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- An Introduction to Power System Simulation
- Power System Simulator Market: Healthy Growth Prospects
- Software: The Largest Segment
- Load Flow Module Leads Power System Simulator Market
- Power Sector Fuels Need for Power System Simulators
- North America Dominates Global Market
- Competition
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Robust Increase in Power Sector and Growth in Power Generation Capacities Drive Need for Power System Simulators
- Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
- Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
- Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
- High Growth Potential of Renewable Energy Sector to Fuel Market Growth
- Global Solar Power Market: Solar PV Capacity (in GW) and PV Generation (in TWh) for the Years 2017, 2019, 2021 and 2023
- Global Wind Power Market: Cumulated Installed Capacity (in GW) for the Years 2012 through 2018
- Global Renewable Energy Investments in US$ 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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