Market Overview:
The global power system simulator market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for electricity and the need for advanced and reliable power systems. The load flow, short circuit, arc flash, device coordination selectivity, harmonics and others segments are expected to contribute significantly to the growth of the global power system simulator market during the forecast period. The North America region is expected to dominate the global power system simulator market during the forecast period owing to technological advancements in this region coupled with rising demand for electricity.
Product Definition:
A power system simulator is a computer program used to model the behavior of an electrical power grid. It can be used to study how different changes or disruptions in the grid might affect its operation. The simulator can also help identify potential problems and solutions for improving the grid's reliability.
Load Flow:
The load flow is the total power drawn from all the sources like transformers, motors, and other electrical equipment. It is measured in kW or MW and represents the total power that a particular system/equipment can handle. The load flow for any particular system/equipment can be computed by multiplying its output rating (in kW or MW) by its input rating (in kW).
Short Circuit:
Short circuit is a situation where the current through an electrical component is so high that it could cause damage to the component or even melt down. The short circuit can be caused by many factors such as poor installation, damaged components, and aging infrastructure. In order to avoid this situation there are certain rules and regulations which must be followed in power system simulator market.
Application Insights:
Power generation was the dominant application segment in 2016 and accounted for over 60% of the overall revenue share. The simulator is used to analyze power system dynamics, such as short-circuit protection & restoration, rotating machine coordination, uninterruptible power supply, and voltage regulation. These simulators are also used to design high-fidelity prototypes for testing purposes in order to enhance grid reliability.
The manufacturing sector is expected to emerge as one of the fastest growing segments over the forecast period owing to increasing automation across various processes including material handling & storage systems along with rising demand for electric motors across industries such as oil & gas and construction among others. The transmission and distribution segment accounted for a significant market share in 2016 due mainlyto its abilityto model complex topologyand interconnection distances with accuracy levels that can be validated against reality thus providing confidence that all components have been correctly modeled based on actual measurements from different sources within an asset or network element (elements).
Regional Analysis:
North America accounted for the largest market share in 2016 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to increasing demand for power system simulators from various end-user industries, such as manufacturing, oil and gas, healthcare/medical, transportation/logistics. Moreover, growing need for improved grid security is also anticipated to drive regional demand.
Asia Pacific is projected to witness significant growth over the coming years owing to rising industrialization coupled with rapid urbanization in countries such as China and India. In addition, robust economic growth of developing nations including China and India are further expected to fuel industry expansion across this region during the forecast period. Europe was valued at USD X million in 2016 owing largely electrical equipment manufacturers based there have been working on improving their product lines by incorporating more complex features into them thus making them suitable for use across a wider range of applications than before which has contributed significantly towards industry development since then (Ref).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid deployment of smart grids and renewable energy sources
- Proliferation of electric vehicles and the rise of the sharing economy
- Development of new simulation tools and applications
- Growing awareness of power system risks and vulnerabilities
Scope Of The Report
Report Attributes
Report Details
Report Title
Power System Simulator Market Research Report
By Type
Load Flow, Short Circuit, Arc Flash, Device Coordination Selectivity, Harmonics, Others
By Application
Power Generation, Transmission and Distribution, Oil & Gas, Manufacturing, Metals and Mining, Others
By Companies
ABB, Schneider Electric, Siemens, Eaton, GE, ETAP, OSI, Mathworks, Opal-RT, Powerworld, ABB, Rtds Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Power System Simulator Market Report Segments:
The global Power System Simulator market is segmented on the basis of:
Types
Load Flow, Short Circuit, Arc Flash, Device Coordination Selectivity, Harmonics, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Generation, Transmission and Distribution, Oil & Gas, Manufacturing, Metals and Mining, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Schneider Electric
- Siemens
- Eaton
- GE
- ETAP
- OSI
- Mathworks
- Opal-RT
- Powerworld
- ABB
- Rtds Technologies
Highlights of The Power System Simulator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Load Flow
- Short Circuit
- Arc Flash
- Device Coordination Selectivity
- Harmonics
- Others
- By Application:
- Power Generation
- Transmission and Distribution
- Oil & Gas
- Manufacturing
- Metals and Mining
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Power System Simulator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Power System Simulator is a software program that helps engineers design, analyze, and troubleshoot power systems. It can be used to simulate the behavior of individual components or entire systems.
Some of the major companies in the power system simulator market are ABB, Schneider Electric, Siemens, Eaton, GE, ETAP, OSI, Mathworks, Opal-RT, Powerworld, ABB, Rtds Technologies.
The power system simulator market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Power System Simulator Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Power System Simulator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power System Simulator Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Power System Simulator Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Power System Simulator Market Size & Forecast, 2018-2028
4.5.1 Power System Simulator Market Size and Y-o-Y Growth
4.5.2 Power System Simulator Market Absolute $ Opportunity
Chapter 5 Global Power System Simulator Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Power System Simulator Market Size Forecast by Type
5.2.1 Load Flow
5.2.2 Short Circuit
5.2.3 Arc Flash
5.2.4 Device Coordination Selectivity
5.2.5 Harmonics
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Power System Simulator Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Power System Simulator Market Size Forecast by Applications
6.2.1 Power Generation
6.2.2 Transmission and Distribution
6.2.3 Oil & Gas
6.2.4 Manufacturing
6.2.5 Metals and Mining
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power System Simulator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Power System Simulator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Power System Simulator Analysis and Forecast
9.1 Introduction
9.2 North America Power System Simulator Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Power System Simulator Market Size Forecast by Type
9.6.1 Load Flow
9.6.2 Short Circuit
9.6.3 Arc Flash
9.6.4 Device Coordination Selectivity
9.6.5 Harmonics
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Power System Simulator Market Size Forecast by Applications
9.10.1 Power Generation
9.10.2 Transmission and Distribution
9.10.3 Oil & Gas
9.10.4 Manufacturing
9.10.5 Metals and Mining
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Power System Simulator Analysis and Forecast
10.1 Introduction
10.2 Europe Power System Simulator Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Power System Simulator Market Size Forecast by Type
10.6.1 Load Flow
10.6.2 Short Circuit
10.6.3 Arc Flash
10.6.4 Device Coordination Selectivity
10.6.5 Harmonics
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Power System Simulator Market Size Forecast by Applications
10.10.1 Power Generation
10.10.2 Transmission and Distribution
10.10.3 Oil & Gas
10.10.4 Manufacturing
10.10.5 Metals and Mining
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Power System Simulator Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Power System Simulator Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Power System Simulator Market Size Forecast by Type
11.6.1 Load Flow
11.6.2 Short Circuit
11.6.3 Arc Flash
11.6.4 Device Coordination Selectivity
11.6.5 Harmonics
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Power System Simulator Market Size Forecast by Applications
11.10.1 Power Generation
11.10.2 Transmission and Distribution
11.10.3 Oil & Gas
11.10.4 Manufacturing
11.10.5 Metals and Mining
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Power System Simulator Analysis and Forecast
12.1 Introduction
12.2 Latin America Power System Simulator Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Power System Simulator Market Size Forecast by Type
12.6.1 Load Flow
12.6.2 Short Circuit
12.6.3 Arc Flash
12.6.4 Device Coordination Selectivity
12.6.5 Harmonics
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Power System Simulator Market Size Forecast by Applications
12.10.1 Power Generation
12.10.2 Transmission and Distribution
12.10.3 Oil & Gas
12.10.4 Manufacturing
12.10.5 Metals and Mining
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Power System Simulator Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Power System Simulator Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Power System Simulator Market Size Forecast by Type
13.6.1 Load Flow
13.6.2 Short Circuit
13.6.3 Arc Flash
13.6.4 Device Coordination Selectivity
13.6.5 Harmonics
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Power System Simulator Market Size Forecast by Applications
13.10.1 Power Generation
13.10.2 Transmission and Distribution
13.10.3 Oil & Gas
13.10.4 Manufacturing
13.10.5 Metals and Mining
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Power System Simulator Market: Competitive Dashboard
14.2 Global Power System Simulator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Schneider Electric
14.3.3 Siemens
14.3.4 Eaton
14.3.5 GE
14.3.6 ETAP
14.3.7 OSI
14.3.8 Mathworks
14.3.9 Opal-RT
14.3.10 Powerworld
14.3.11 ABB
14.3.12 Rtds Technologies
