Power System Analysis Software Market, By Implementation model (On-premise and Cloud-based), by Application (Distribution and Transmission) and by Region (North America, Europe, Asia Pacific, RoW) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2

Power System Analysis Software Market, By Implementation model (On-premise and Cloud-based), by Application (Distribution and Transmission) and by Region (North America, Europe, Asia Pacific, RoW) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Power system analysis software is used by power utilities for analysis, modeling and simulation of the electric system. This analysis offers number of features that help power utilities in the diagnostic and detection of abnormalities or any kind of defects. Furthermore, it provides 24/7 access to operational data, historic data, and trends. Power system analysis software is used to measure adequacy calculations between generation and network capacities.
Market Dynamics
Rising demand for energy, and inefficiencies in current supply are expected to drive the growth of global power system analysis software market over the forecast period. The demand of the energy is expected to grow around 778 joule by 2035. Moreover, governments are tightening the rules and regulations to put more pressure on these power industries to meet the sustainable energy goals. For instance, according to European Energy Agency (EEA), European Union countries are expected to generate 20% of the energy from renewables in 2020 from 14% in 2014.
Increasing demand for electrocity is expected to drive growth of the global power system analysis software market during the forecast period. Growing urbanization has led to increased demand for electricity worldwide, which in turn, has resulted in increased electricity production. According to Coherent Market Insights’ analysis, electricity production has increased at a CAGR of 9% from 2012-2016. Furthermore, it has compelled power utility companies across the globe to set up a network of power transmission lines as well as boost existing power transmission lines, grids, and related infrastructure, in order to obtain improved and more efficient electricity generation transmission and distribution. These factors are expected to drive growth of the global power system analysis software market during the forecast period.

Market Taxonomy
This report segments the global power system analysis software market on the basis of implementation model, application and region. On the basis of implementation model, the global power system analysis software market is segmented into on-premise and cloud-based. On the basis of implementation model, the global power system analysis software market is segmented into distribution and transmission. On the basis of region, the global power system analysis software market is segmented into North America, Europe, Asia Pacific, ROW.
Key features of the study:
This report provides an in-depth analysis of the global power system analysis software market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global power system analysis software market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global power system analysis software market are Continental AG, Garmin, Ltd., Denso Corporation, Robert Bosch GmbH, Visteon Corporation, Delphi Automotive plc, Harman International Industries, Inc., Panasonic Corporation, Alpine Electronics, Inc., and Clarion Company, Ltd.
The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global power system analysis software market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global power system analysis software market.
Detailed Segmentation:
Global Power System Analysis Software Market, By Implementation Model:
On-premise
Cloud-based
Global Power System Analysis Software Market, By Application:
Distribution
Transmission
Global Power System Analysis Software Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Company Profiles
ABB Ltd.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Electricity Coordinating Center Ltd.
Siemens AG
Energy Exemplar
Atos SE
General Electric Company
Unicorn Systems
General Electric Company
ETAP/Operation Technology, Inc.
Operation Simulation Associates, Inc.
Schneider Electric DMS NS
PSI AG
Artelys SA
*Browse all the market data tables and figures on “Global Power System Analysis Software Market- Forecast to 2027”