Power System Simulator Market is expected to reach 1583 Million by 2026 from 790 Million in 2016 at CAGR of 7.2%. Power System Simulator analyze electrical power systems using design/offline or real-time data with the stimulation of power system modeling and network. Applications of power system simulators include industrial power systems, commercial facilities, utility transmission, electric power generation – nuclear, conventional, renewable and railway power systems. Elements of power system simulator comprise of optimal power flow, load flow (power flow study), protective device coordination, discrimination or selectivity, and short circuit or fault analysis. Factors like the booming power sector, augmented power generation capacities, rising adoption of IoT and cloud platforms are expected to drive the growth of the Power System Simulator Market during the current forecast period. However, Increasing occurrences of viruses and cyber-attacks are leading to security concerns that are expected to restrain Power System Simulator Market growth. North America is expected to be the largest growing region for Power System Simulator Market. Reason for that can be increasing investment in renewable energy, metals and mining markets in developed regions such as North America. Key Highlights: • Power System Simulator Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Power System Simulator Market. • Power System Simulator Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Power System Simulator Market strategic analysis with respect to individual growth trends, future prospects along with a contribution of various sub-market stakeholders have been considered under the scope of the study. • Power System Simulator Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Power System Simulator Market are also profiled. Research Methodology Bloomberg, Factiva, and Hoovers are some of the sites that are being referred to gain insights about Power System Simulator Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related toPower System Simulator Market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Power System Simulator Market globally.
Global Power System Simulator Market Scope:
Global Power System Simulator Market, By Module:
• Load Flow • Short Circuit • Device Coordination Selectivity • Arc Flash • Harmonics • Others
Global Power System Simulator Market, By Offering:
• Hardware • Software • Services
Global Power System Simulator Market, By End User:
• Power • Industrial • Others
Global Power System Simulator Market, By Region:
• North America • Europe • Asia Pacific • Middle East & Africa • South America
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