PUBLISHER: Acute Market Reports | PRODUCT CODE: 1129996
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1129996
Power System Analysis Software Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
Growing Infrastructure Development to boost the demand for Power System Analysis Software Market
The power system analysis software market worldwide is expected to grow with a CAGR of 9.8% throughout the prediction period from 2022 to 2030, starting from US$ 4.76 Bn in 2021. Rising need for energy generation and increasing penetration of big data analytics are the major reasons driving the market growth. Growing demand for sustainable energy will also gave boost to the market demand. Increased government investments for electricity infrastructure will also give boost to the market growth. Technical advancements in IOT will also surge the market demand. Consequently, we assume that the market will show significant growth during the forecast period.
Cloud-based Segment to be the Fastest Growing Segment
The power system analysis software market by deployment type was led by on-premise segment in 2021. The on-premise segment had nearly 2/3rd of the market share in the same year. Offering improved system uptime and rising data centers are some of the factors due to which on-premise segment has its dominance in 2021. On the other flip, we presume that cloud-based segment to be the fastest growing segment throughout the forecast period. Low cost, easy availability are some of the benefits driving the demand for the segment. Increased internet penetration worldwide will be another major factor for the segment growth. Hence, we assume that cloud-based segment will be the fastest growing segment during the forecast period.
Asia Pacific to be the Fastest Growing
In 2021, North America dominated the power system analysis software market. North America contributed to around 1/3rd of the global market revenue share in the same year. North America enjoys strong market position due to robust investments in smart grid systems and rising electricity infrastructure in the region. On the other hand, we assume that Asia Pacific region to be the fastest rising owing to rising government investments for electricity infrastructure and growing technological adoption in the region. Rapid urbanization in the emerging economies such as China and India will also boost the market in Asia Pacific. As a result, we project that Asia Pacific be the fastest growing during the estimate period.
Some of the prominent players operating in the power system analysis software market: ABB Ltd., General Electric Company, ETAP/Operation Technology Inc., PSI AG, Unicorn Systems, Electricity Coordinating Center Ltd., Open Systems International Inc., Electrocon International Inc., Eaton Corporation plc, Siemens AG, Schneider Electric DMS NS, Atos SE, Artleys SA, Energy Exemplar, PowerWorld Corporation, Nexant Inc., Poyry, Neplan AG, and DIgSILENT GmbH among others.
Historical & Forecast Period:
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Power System Analysis Software market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Power System Analysis Software market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE DETAILS
- Research Period: 2020-2030
- Base Year: 2021
- Forecast Period: 2022-2030
- Historical Year: 2020
- Unit: USD Million
Segmentation
Deployment Model
- Cloud-based
- On-premise
Application
- Distribution
- Transmission
Region Segment (2020-2030; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
- Pre COVID-19 situation
- Post COVID-19 situation
Key questions answered in this report:
- What are the key micro and macro environmental factors that are impacting the growth of Power System Analysis Software market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Power System Analysis Software market?
- Which is the largest regional market for Power System Analysis Software market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Power System Analysis Software market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Power System Analysis Software market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Power System Analysis Software Market
- 2.2. Global Power System Analysis Software Market, By Deployment Model, 2021 (US$ Million)
- 2.3. Global Power System Analysis Software Market, By Application, 2021 (US$ Million)
- 2.4. Global Power System Analysis Software Market, By Geography, 2021 (US$ Million)
- 2.5. Impact of Covid 19
- 2.6. Attractive Investment Proposition by Geography, 2021
- 2.7. Competitive Analysis
- 2.7.1. Market Positioning of Key Power System Analysis Software Market Vendors
- 2.7.2. Strategies Adopted by Power System Analysis Software Market Vendors
- 2.7.3. Key Industry Strategies
3. Power System Analysis Software Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Power System Analysis Software Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Power System Analysis Software Market: By Deployment Model, 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Cloud-based
- 4.3.2. On-premise
5. Power System Analysis Software Market: By Application, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Distribution
- 5.3.2. Transmission
6. North America Power System Analysis Software Market, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Power System Analysis Software Market: By Deployment Model, 2020-2030, USD (Million)
- 6.3. Power System Analysis Software Market: By Application, 2020-2030, USD (Million)
- 6.4.Power System Analysis Software Market: By Region, 2020-2030, USD (Million)
- 6.4.1.North America
- 6.4.1.1. U.S.
- 6.4.1.2. Canada
- 6.4.1.3. Rest of North America
- 6.4.1.North America
7. UK and European Union Power System Analysis Software Market, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Power System Analysis Software Market: By Deployment Model, 2020-2030, USD (Million)
- 7.3. Power System Analysis Software Market: By Application, 2020-2030, USD (Million)
- 7.4.Power System Analysis Software Market: By Region, 2020-2030, USD (Million)
- 7.4.1.UK and European Union
- 7.4.1.1. UK
- 7.4.1.2. Germany
- 7.4.1.3. Spain
- 7.4.1.4. Italy
- 7.4.1.5. France
- 7.4.1.6. Rest of Europe
- 7.4.1.UK and European Union
8. Asia Pacific Power System Analysis Software Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Power System Analysis Software Market: By Deployment Model, 2020-2030, USD (Million)
- 8.3. Power System Analysis Software Market: By Application, 2020-2030, USD (Million)
- 8.4.Power System Analysis Software Market: By Region, 2020-2030, USD (Million)
- 8.4.1.Asia Pacific
- 8.4.1.1. China
- 8.4.1.2. Japan
- 8.4.1.3. India
- 8.4.1.4. Australia
- 8.4.1.5. South Korea
- 8.4.1.6. Rest of Asia Pacific
- 8.4.1.Asia Pacific
9. Latin America Power System Analysis Software Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Power System Analysis Software Market: By Deployment Model, 2020-2030, USD (Million)
- 9.3. Power System Analysis Software Market: By Application, 2020-2030, USD (Million)
- 9.4.Power System Analysis Software Market: By Region, 2020-2030, USD (Million)
- 9.4.1.Latin America
- 9.4.1.1. Brazil
- 9.4.1.2. Mexico
- 9.4.1.3. Rest of Latin America
- 9.4.1.Latin America
10. Middle East and Africa Power System Analysis Software Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Power System Analysis Software Market: By Deployment Model, 2020-2030, USD (Million)
- 10.3. Power System Analysis Software Market: By Application, 2020-2030, USD (Million)
- 10.4.Power System Analysis Software Market: By Region, 2020-2030, USD (Million)
- 10.4.1.Middle East and Africa
- 10.4.1.1. GCC
- 10.4.1.2. Africa
- 10.4.1.3. Rest of Middle East and Africa
- 10.4.1.Middle East and Africa
11. Company Profile
- 11.1. ABB Ltd.
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Portfolio
- 11.1.4. Strategic Initiatives
- 11.2. General Electric Company
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Portfolio
- 11.2.4. Strategic Initiatives
- 11.3. ETAP/Operation Technology Inc.
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Portfolio
- 11.3.4. Strategic Initiatives
- 11.4. PSI AG
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Portfolio
- 11.4.4. Strategic Initiatives
- 11.5. Unicorn Systems
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Portfolio
- 11.5.4. Strategic Initiatives
- 11.6. Electricity Coordinating Center Ltd.
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Portfolio
- 11.6.4. Strategic Initiatives
- 11.7. Open Systems International Inc.
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Portfolio
- 11.7.4. Strategic Initiatives
- 11.8. Electrocon International Inc.
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Portfolio
- 11.8.4. Strategic Initiatives
- 11.9. Eaton Corporation plc
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Portfolio
- 11.9.4. Strategic Initiatives
- 11.10. Siemens AG
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Portfolio
- 11.10.4. Strategic Initiatives
- 11.11. Schneider Electric DMS NS
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Portfolio
- 11.11.4. Strategic Initiatives
- 11.12. Atos SE
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Portfolio
- 11.12.4. Strategic Initiatives
- 11.13. Artleys SA
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Product Portfolio
- 11.13.4. Strategic Initiatives
- 11.14. Energy Exemplar
- 11.14.1. Company Overview
- 11.14.2. Financial Performance
- 11.14.3. Product Portfolio
- 11.14.4. Strategic Initiatives
- 11.15. PowerWorld Corporation
- 11.15.1. Company Overview
- 11.15.2. Financial Performance
- 11.15.3. Product Portfolio
- 11.15.4. Strategic Initiatives
- 11.16. Nexant Inc.
- 11.16.1. Company Overview
- 11.16.2. Financial Performance
- 11.16.3. Product Portfolio
- 11.16.4. Strategic Initiatives
- 11.17. Poyry
- 11.17.1. Company Overview
- 11.17.2. Financial Performance
- 11.17.3. Product Portfolio
- 11.17.4. Strategic Initiatives
- 11.18. Neplan AG
- 11.18.1. Company Overview
- 11.18.2. Financial Performance
- 11.18.3. Product Portfolio
- 11.18.4. Strategic Initiatives
- 11.19. DIgSILENT GmbH
- 11.19.1. Company Overview
- 11.19.2. Financial Performance
- 11.19.3. Product Portfolio
- 11.19.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Power System Analysis Software Market By Deployment Model, 2020-2030, USD (Million)
- TABLE 2 Global Power System Analysis Software Market By Application, 2020-2030, USD (Million)
- TABLE 3 North America Power System Analysis Software Market By Deployment Model, 2020-2030, USD (Million)
- TABLE 4 North America Power System Analysis Software Market By Application, 2020-2030, USD (Million)
- TABLE 5 UK and European Union Power System Analysis Software Market By Deployment Model, 2020-2030, USD (Million)
- TABLE 6 UK and European Union Power System Analysis Software Market By Application, 2020-2030, USD (Million)
- TABLE 7 Asia Pacific Power System Analysis Software Market By Deployment Model, 2020-2030, USD (Million)
- TABLE 8 Asia Pacific Power System Analysis Software Market By Application, 2020-2030, USD (Million)
- TABLE 9 Latin America Power System Analysis Software Market By Deployment Model, 2020-2030, USD (Million)
- TABLE 10 Latin America Power System Analysis Software Market By Application, 2020-2030, USD (Million)
- TABLE 11 Middle East and Africa Power System Analysis Software Market By Deployment Model, 2020-2030, USD (Million)
- TABLE 12 Middle East and Africa Power System Analysis Software Market By Application, 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Power System Analysis Software Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Power System Analysis Software Market: Quality Assurance
- FIG. 5 Global Power System Analysis Software Market, By Deployment Model, 2021
- FIG. 6 Global Power System Analysis Software Market, By Application, 2021
- FIG. 7 Global Power System Analysis Software Market, By Geography, 2021
- FIG. 8 Global Power System Analysis Software Market, By Deployment Model, 2021 Vs 2030, %
- FIG. 9 Global Power System Analysis Software Market, By Application, 2021 Vs 2030, %
- FIG. 10 U.S. Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 11 Canada Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 12 Rest of North America Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 13 UK Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 14 Germany Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 15 Spain Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 16 Italy Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 17 France Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 18 Rest of Europe Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 19 China Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 20 Japan Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 21 India Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 22 Australia Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 23 South Korea Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 24 Rest of Asia Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 25 Brazil Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 26 Mexico Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 27 Rest of Latin America Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 28 GCC Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 29 Africa Power System Analysis Software Market (US$ Million), 2020 - 2030
- FIG. 30 Rest of Middle East and Africa Power System Analysis Software Market (US$ Million), 2020 - 2030
