“Global Power System Stimulation Market 2018-2025” provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the Power System Stimulation Market.
This report studies the Power System Stimulation market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits the Power System Stimulation market by product type and applications/end industries.
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Global Power System Stimulation Market Segmentation:
The global Power System Simulation Market was worth USD 830 million in 2017 and is anticipated to reach USD 1436.18 million by the end of 2025, growing at a CAGR of 7.1 % during the forecast period.
The market growth is driven by several factors such as increasing power generation capacity with growing power sector, new advanced technology to reduce time and cost for different industrial projects. However, the market growth is restrained by the risk of data security over the transmission.
The total energy generation capacity in the UK. It shows that by 2035, renewables are expected to account for 67 GW of electricity produced, of a total of 139 GW in that year.
The global Power System Simulation market is segmented by Modules such as Arc Flash, Short Circuit, Load Flow, Device Coordination Selectivity, Harmonics, and Others. The Load Flow segment accounted for largest market share due to increasing number of power projects and growing investments in oil & gas, mining, and metals market. In addition, load flows are better in optimizing power networks and managing future load expansions.
By Offering, the market is segmented into Software, Hardware, and Services. The software segment is leading the power system simulator market due to rising use of IoT and cloud platforms, increasing advancement in technology and innovations in existing software.
Further, based on end-user, the market is segmented into Power Generation, Industrial, and Others. The power segment is the largest segment accounted for the highest market share of the global power system simulation. Growing power generation capacity, increasing investments in renewable energy and increasing adoption of smart grids in transmission & distribution of power is boosting the power generation segment.
Geographically, the market is segmented into North America, Europe, South America, Asia-Pacific, and RoW. North America is dominating the global power system simulation market during the forecast period due growing mining, metals and oil market.
The major players in the power system simulator market are ABB, Schneider Electric, Eaton, Siemens, GE, and ETAP.
Some recent development in the global power system simulation market are:
In Mar 2018, The PD1000A Power Device Measurement System for Advanced Modeling and the W8598BP/BT Power Electronics Model Generator Software solution addressed the growing needs of the hybrid-electric and electric vehicle and solar industries that power electronics simulation designers to make their modules smaller, cooler and more efficient.
In 2017, Bentley Power Systems partnered with Siemens Energy to develop innovative technology aimed at the digitization of power utilities.
The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
The report profiles the following companies, which includes ABB, Siemens, Schneider Electric, Eaton, ETAP, GE, Rtds Technologies, Mathworks, Opal-RT, Powerworld, Neplan, and OSI.
Scope of the Report:
Device Coordination Selectivity
Why purchase the report?
Visualize the composition of the Power System Stimulation market across each indication, in terms of type and applications, highlighting the key commercial assets and players.
Identify commercial opportunities in Power System Stimulation by analyzing trends and co-development deals.
This is the most comprehensive study on Power System Stimulation to date.
Excel data sheet with thousands of data points of the Power System Stimulation market level 4/5 segmentation
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the key Power System Stimulation products of all major market players
This report on Global Power System Stimulation market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Global market for Power System Stimulation. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).
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