Global power system simulator market was valued at $ 960 million in 2019 and is projected to reach USD 1.38 billion by 2025, owing to rising emphasis on power generation through renewable resources and adoption of IoT as well as cloud-based platforms, globally. Power system simulator is a software tool used by various power system engineers to simulate electrical power transmission, generation & distribution for round-the-clock maintenance and is helpful in reducing the overall downtime of the projects.

 

Furthermore, a simulator acts as a real time simulator, which is used for analyzing grid faults, power flow calculation, and economic dispatch calculation. Moreover, rising necessity for renewable sources of energy such as solar and wind energy has given a boost to the power industry and will likely increase the demand for power system simulators in the coming years.

 

The power system simulator market is segmented based on module, offerings, end-users, and regions. Based of module, the market is segmented into Load Flow, Device Coordination Selectivity, Short Circuit, Harmonics and Others. The Load Flow segment accounted for the largest share in the global power system simulator market, followed by Harmonics segment.

 

Based on offerings, the market is categorized into Software, Hardware and Services. Out of these, the Software category accounted for largest share in the power system simulator market and is anticipated to dominate the market during the forecast period due to the investments into IoT as well as increasing advancements into existing software offerings to achieve higher efficiency.

 

Based on end users, the market is segmented into Power, Industrial and Others, wherein Power segment dominates the market during the forecast period due to rising investments in renewable energy, growing power generation capabilities, and high growth rates in developing the economics of many countries. 

 

Regionally, North America is expected to lead the market due to growing investments in renewable power generation capacities as well as growing IoT Industry in the United States and Canada. Major players operating in the global power system simulator market include ABB Ltd., Eaton Corporation, Siemens AG, General Electric Company, Schneider Electric, Open System International Inc., Fuji Electric Co. Ltd., The Math Works Inc., Powerworld Corporation, RTDS Technologies Inc., and others. Key market players are adopting competitive strategies such as new product developments, mergers & acquisitions, partnership, and agreements in order to expand their geographic reach and to increase their customer base.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

·         To analyse and forecast the market size of Power System Simulator Market, in terms of value.

·         To classify and forecast Global Power System Simulator Market based on module, offerings, end-users, and regional distribution.

·         To identify drivers and challenges for Global Power System Simulator Market.

·         To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Power System Simulator Market.

·         To conduct the pricing analysis for Power System Simulator Market.

·         To identify and analyse the profile of leading players involved in the manufacturing of Global Power System Simulator Market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of power system simulator manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings and presence of all major market players across the globe.

A screenshot of a cell phone

Description automatically generatedTechSci Research calculated the market size of the global power system simulator market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

 

Key Target Audience:

  • Power System Simulator manufacturers, suppliers, and other stakeholders
  • Power System Hardware Providers
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums, and alliances related to power system simulator market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as market players, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, the global power system simulator market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Module:
    • Load Flow
    • Harmonics
    • Short Circuit
    • Device Coordination Selectivity
    • Others
  • Market, By Offerings:
    • Software
    • Hardware
    • Services
  • Market, By End-Users:
    • Power
    • Industrial
    • Others
  • Market, By Regions:
    • North America
      • United States
      • Canada
      • Mexico
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Rest of APAC
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Rest of Europe
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • South Africa
      • Rest of Middle East & Africa
    • South America
      • Brazil
      • Argentina
      • Colombia
      • Rest of South America

 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Power System Simulator Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Power System Simulator Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Product Awareness

5.2.   Brand Awareness

5.3.  Brand Recall

5.4.  Product Pricing

5.5.  Challenges & Unmet Needs

6.    Global Power System Simulator Market Landscape

7.    Global Power System Simulator Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Module (Load Flow, Harmonics, Short Circuit, Device Coordination

    Selectivity and Others)

7.2.2.     By Offerings (Software, Hardware and Services)

7.2.3.     By End-Users (Power, Industrial and Others)

7.2.4.     By Company

7.2.5.     By Region

8.    North America Power System Simulator Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Module (Load Flow, Harmonics, Short Circuit, Device Coordination

    Selectivity and Others)

8.2.2.     By Offerings (Software, Hardware and Services)

8.2.3.     By End-Users (Power, Industrial and Others)

8.2.4.     By Country

8.3.  Market Attractiveness Index

9.    North America: Country Analysis

9.1.  United States Power System Simulator Market Outlook

9.1.1.     Market Size & Forecast

9.1.1.1.         By Value

9.1.2.     Market Share & Forecast

9.1.2.1.         By Module

9.1.2.2.         By Offerings

9.1.2.3.         By End-Users

9.2.  Canada Power System Simulator Market Outlook

9.2.1.     Market Size & Forecast

9.2.1.1.         By Value

9.2.2.     Market Share & Forecast

9.2.2.1.         By Module

9.2.2.2.         By Offerings

9.2.2.3.         By End-Users

9.3.  Mexico Power System Simulator Market Outlook

9.3.1.     Market Size & Forecast

9.3.1.1.         By Value

9.3.2.     Market Share & Forecast

9.3.2.1.         By Module

9.3.2.2.         By Offerings

9.3.2.3.         By End-Users

10.  Asia Pacific Power System Simulator Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Module (Load Flow, Harmonics, Short Circuit, Device Coordination

    Selectivity and Others)

10.2.2.  By Offerings (Software, Hardware and Services)

10.2.3.  By End-Users (Power, Industrial and Others)

10.2.4.  By Country

10.3.              Market Attractiveness Index

11.  Asia Pacific: Country Analysis

11.1.              China Power System Simulator Market Outlook

11.1.1.  Market Size & Forecast

11.1.1.1.      By Value

11.1.2.  Market Share & Forecast

11.1.2.1.      By Module

11.1.2.2.      By Offerings

11.1.2.3.      By End-Users

11.2.              India Power System Simulator Market Outlook

11.2.1.  Market Size & Forecast

11.2.1.1.      By Value

11.2.2.  Market Share & Forecast

11.2.2.1.      By Module

11.2.2.2.      By Offerings

11.2.2.3.      By End-Users

11.3.              Japan Power System Simulator Market Outlook

11.3.1.  Market Size & Forecast

11.3.1.1.      By Value

11.3.2.  Market Share & Forecast

11.3.2.1.      By Module

11.3.2.2.      By Offerings

11.3.2.3.      By End-Users

11.4.              South Korea Power System Simulator Market Outlook

11.4.1.  Market Size & Forecast

11.4.1.1.      By Value

11.4.2.  Market Share & Forecast

11.4.2.1.      By Module

11.4.2.2.      By Offerings

11.4.2.3.      By End-Users

11.5.              Australia Power System Simulator Market Outlook

11.5.1.  Market Size & Forecast

11.5.1.1.      By Value

11.5.2.  Market Share & Forecast

11.5.2.1.      By Module

11.5.2.2.      By Offerings

11.5.2.3.      By End-Users

12.  Europe Power System Simulator Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value

12.2.              Market Share & Forecast

12.2.1.  By Module (Load Flow, Harmonics, Short Circuit, Device Coordination

    Selectivity and Others)

12.2.2.  By Offerings (Software, Hardware and Services)

12.2.3.  By End-Users (Power, Industrial and Others)

12.2.4.  By Country

12.3.              Market Attractiveness Index

13.  Europe: Country Analysis

13.1.              Germany Power System Simulator Market Outlook

13.1.1.  Market Size & Forecast

13.1.1.1.      By Value

13.1.2.  Market Share & Forecast

13.1.2.1.      By Module

13.1.2.2.      By Offerings

13.1.2.3.      By End-Users

13.2.              France Power System Simulator Market Outlook

13.2.1.  Market Size & Forecast

13.2.1.1.      By Value

13.2.2.  Market Share & Forecast

13.2.2.1.      By Module

13.2.2.2.      By Offerings

13.2.2.3.      By End-Users

13.3.              United Kingdom Power System Simulator Market Outlook

13.3.1.  Market Size & Forecast

13.3.1.1.      By Value

13.3.2.  Market Share & Forecast

13.3.2.1.      By Module

13.3.2.2.      By Offerings

13.3.2.3.      By End-Users

13.4.              Italy Power System Simulator Market Outlook

13.4.1.  Market Size & Forecast

13.4.1.1.      By Value

13.4.2.  Market Share & Forecast

13.4.2.1.      By Module

13.4.2.2.      By Offerings

13.4.2.3.      By End-Users

13.5.              Spain Power System Simulator Market Outlook

13.5.1.  Market Size & Forecast

13.5.1.1.      By Value

13.5.2.  Market Share & Forecast

13.5.2.1.      By Module

13.5.2.2.      By Offerings

13.5.2.3.      By End-Users

14.  Middle East & Africa Power System Simulator Market Outlook

14.1.              Market Size & Forecast

14.1.1.  By Value

14.2.              Market Share & Forecast

14.2.1.  By Module (Load Flow, Harmonics, Short Circuit, Device Coordination

    Selectivity and Others)

14.2.2.  By Offerings (Software, Hardware and Services)

14.2.3.  By End-Users (Power, Industrial and Others)

14.2.4.  By Country

14.3.              Market Attractiveness Index

15.  Middle East & Africa: Country Analysis

15.1.              Saudi Arabia Power System Simulator Market Outlook

15.1.1.  Market Size & Forecast

15.1.1.1.      By Value

15.1.2.  Market Share & Forecast

15.1.2.1.      By Module

15.1.2.2.      By Offerings

15.1.2.3.      By End-Users

15.2.              UAE Power System Simulator Market Outlook

15.2.1.  Market Size & Forecast

15.2.1.1.      By Value

15.2.2.  Market Share & Forecast

15.2.2.1.      By Module

15.2.2.2.      By Offerings

15.2.2.3.      By End-Users

15.3.              South Africa Power System Simulator Market Outlook

15.3.1.  Market Size & Forecast

15.3.1.1.      By Value

15.3.2.  Market Share & Forecast

15.3.2.1.      By Module

15.3.2.2.      By Offerings

15.3.2.3.      By End-Users

16.  South America Power System Simulator Market Outlook

16.1.              Market Size & Forecast

16.1.1.  By Value

16.2.              Market Share & Forecast

16.2.1.  By Module (Load Flow, Harmonics, Short Circuit, Device Coordination

    Selectivity and Others)

16.2.2.  By Offerings (Software, Hardware and Services)

16.2.3.  By End-Users (Power, Industrial and Others)

16.2.4.  By Country

16.3.              Market Attractiveness Index

17.  South America: Country Analysis

17.1.              Brazil Power System Simulator ss Market Outlook

17.1.1.  Market Size & Forecast

17.1.1.1.      By Value

17.1.2.  Market Share & Forecast

17.1.2.1.      By Module

17.1.2.2.      By Offerings

17.1.2.3.      By End-Users

17.2.              Argentina Power System Simulator Market Outlook

17.2.1.  Market Size & Forecast

17.2.1.1.      By Value

17.2.2.  Market Share & Forecast

17.2.2.1.      By Module

17.2.2.2.      By Offerings

17.2.2.3.      By End-Users

17.3.              Colombia Power System Simulator Market Outlook

17.3.1.  Market Size & Forecast

17.3.1.1.      By Value

17.3.2.  Market Share & Forecast

17.3.2.1.      By Module

17.3.2.2.      By Offerings

17.3.2.3.      By End-Users

18.  Market Dynamics

18.1.              Drivers

18.2.              Challenges

19.  Market Trends & Developments

20.  Pricing Analysis

21.  Competitive Landscape

21.1.              ABB Ltd.

21.2.              Eaton Corporation

21.3.              Siemens AG

21.4.              General Electric Company

21.5.              Schneider Electric

21.6.              Open System International Inc.

21.7.              Fuji Electric Co. Ltd.

21.8.              The Math Work, Inc.

21.9.              Powerworld Corporation

21.10.            RTDS Technologies Inc.

22.  Strategic Recommendations

 

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figures

     

    Figure 1: Global Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 2: Global Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 3: Global Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 4: Global Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 5: Global Power System Simulator Market Share, By Regions, By Value, 2015-2025F

    Figure 6: Global Power System Simulator Market Share, By Company, By Value, 2015-2025F

    Figure 7: Product Map-Market Size, By Value (USD Million) & Growth Rate (%)

    Figure 8: Region Map-Market Size, By Value (USD Million) & Growth Rate (%)

    Figure 9: North America Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 10: North America Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 11: North America Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 12: North America Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 13: North America Power System Simulator Market Share, By Country, By Value, 2015-2025F

    Figure 14: United States Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 15: United States Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 16: United States Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 17: United States Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 18: Canada Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 19: Canada Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 20: Canada Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 21: Canada Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 22: Mexico Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 23: Mexico Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 24: Mexico Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 25: Mexico Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 26: Asia Pacific Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 27: Asia Pacific Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 28: Asia Pacific Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 29: Asia Pacific Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 30: Asia Pacific Power System Simulator Market Share, By Country, By Value, 2015-2025F

    Figure 31: China Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 32: China Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 33: China Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 34: China Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 35: India Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 36: India Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 37: India Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 38: India Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 39: Japan Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 40: Japan Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 41: Japan Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 42: Japan Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 43: South Korea Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 44: South Korea Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 45: South Korea Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 46: South Korea Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 47: Australia Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 48: Australia Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 49: Australia Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 50: Australia Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 51: Europe Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 52: Europe Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 53: Europe Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 54: Europe Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 55: Europe Power System Simulator Market Share, By Country, By Value, 2015-2025F

    Figure 56: Germany Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 57: Germany Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 58: Germany Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 59: Germany Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 60: France Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 61: France Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 62: France Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 63: France Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 64: United Kingdom Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 65: United Kingdom Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 66: United Kingdom Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 67: United Kingdom Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 68: Italy Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 69: Italy Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 70: Italy Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 71: Italy Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 72: Spain Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 73: Spain Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 74: Spain Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 75: Spain Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 76: Middle East & Africa Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 77: Middle East & Africa Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 78: Middle East & Africa Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 79: Middle East & Africa Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 80: Middle East & Africa Power System Simulator Market Share, By Country, By Value, 2015-2025F

    Figure 81: Saudi Arabia Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 82: Saudi Arabia Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 83: Saudi Arabia Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 84: Saudi Arabia Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 85: UAE Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 86: UAE Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 87: UAE Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 88: UAE Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 89: South Africa Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 90: South Africa Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 91: South Africa Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 92: South Africa Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 93: South America Power System Simulator Market Size, By Value (USD Million), 2015-2025F

    Figure 94: South America Power System Simulator Market Share, By Module, By Value, 2015-2025F

    Figure 95: South America Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

    Figure 96: South America Power System Simulator Market Share, By End-Users, By Value, 2015-2025F

    Figure 97: South America Power System Simulator Market Share, By Country, By Value, 2