PUBLISHER: Value Market Research | PRODUCT CODE: 1352897
PUBLISHER: Value Market Research | PRODUCT CODE: 1352897
The global demand for Power System Analysis Software Market is presumed to reach the market size of nearly USD 29.67 BN by 2030 from USD 9.89 BN in 2022 with a CAGR of 14.72% under the study period 2023 - 2030.
Power system analysis software performs data analysis, modelling and simulation of the electric system by power utilities. Power system analysis software increases electricity transmission, distribution, and generation efficiency. Power system analysis offers several features that help power utilities in the diagnostic and detection of abnormalities or any defects.
The growing concern for energy efficiency and the carbon footprint is expected to drive market growth. Also, the expanding industrialization of several regions and develop the construction, and building industry will likely aid product sales. Moreover, increasing investment in smart power technologies is one of the main factors fueling the power system analysis software market growth. Apart from this, development in Big Data analytics and the Internet of Things are major factors increasing the demand for power system analysis software. Furthermore, rising energy demand and inefficiencies in the current supply are expected to drive the power system analysis software market growth during the forecast period. In addition, the various government's energy efficiency and conservation regulations are anticipated to propel market growth. However, a lack of awareness may hamper the growth of the power system analysis software market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of power system analysis software. The growth and trends of power system analysis software industry provide a holistic approach to this study.
This section of the power system analysis software market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Power System Analysis Software market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the power system analysis software market include 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. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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