Global Power System Simulator Market Size study & Forecast, by Offering, by Modules, by End user and Regional Analysis, 2023-2030

Description

List of Tables

A power system simulator is a software tool used to model, simulate, and analyze the behavior of electrical power systems. It is designed to simulate the generation, transmission, and distribution of electric power, including the operation of power plants, substations, transformers, transmission lines, and distribution networks. The Power System Simulator market is expanding because of factors such as the rising demand for electricity and the increase in the number of power plants. These simulators typically incorporate mathematical models that represent the electrical components and their interactions within the power system. They utilize numerical algorithms to solve the complex equations governing the system's behavior and provide simulation results based on different operating conditions and scenarios. Its importance has progressively increased during the forecast period 2023-2030.

Dynamic simulations, which involve modeling the transient behavior of the power system, rely heavily on electrical principles. The simulator uses electricity-related equations and models to study the system's response to dynamic events such as load changes, switching operations, and sudden faults. According to Statista, the world's electricity consumption has continuously grown over the past half a century, reaching approximately 25,300 terawatt-hours in 2021. Furthermore, by 2040, it is expected that global electricity demand reach around 35.3 petawatt hours. Another important factor that drives the Power System Simulator market is the increasing number of power plants. A power system simulator includes features to analyze simulation results, generate reports, and display performance metrics. This can help operators evaluate the effectiveness of different control strategies or compare the performance of the plant under different scenarios. In addition, as per Statista For the past three decades, coal has been the world's biggest source of energy generation. Coal power generation will exceed 10,000 terawatt-hours by 2022. Natural gas came in second, with over 5,400 terawatt-hours produced that year. Moreover, rising investment from the government for renewable power sources and growing technological advancement in power system simulator are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high cost associated with power system simulators stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Power System Simulator Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the investments in renewable energy, metals, and mining industry in the region. Furthermore, Europe is expected to grow significantly during the forecast period, owing to factors such as government incentives for manufacturing industries that would boost the demand for power simulators. European countries are actively investing in grid modernization projects to improve energy efficiency and reliability.

Major market player included in this report are:

Operation Technology, Inc
Neplan AG
PowerWorld Corporation
Eaton Corporation, Inc
Fuji Electric Co., Ltd
The MathWorks, Inc
RTDS Technologies, Inc
Opal-RT Technologies, Inc
ABB Ltd
Siemens AG

Recent Developments in the Market:

In May 2023, BAE Systems, a global power management company, is collaborating with Eaton, a pioneer in electric propulsion, to develop solutions for electric car technology. Through a memorandum of understanding, the companies will initially offer a solution for the medium-duty commercial truck platforms market, with a Class-7 pickup and delivery demonstration vehicle in the works. To deliver a comprehensive EV system for medium-duty trucks, BAE Systems combines its power-dense electric motor and innovative silicon carbide/gallium nitride power electronics suite with Eaton's MD 4-speed EV gearbox. The comprehensive solution, which leverages industry-leading technology, provides original equipment manufacturers with a durable, high-performance, compact, efficient, and optimised system that can function with numerous zero-emission platforms.

Global Power System Simulator Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Offering, Modules, End user , Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Offering

Hardware
Software
Services

By Modules

Load Flow
Short Circuit
Arc Flash
Device Coordination Selectivity
Harmonics
Others

By End user

Power Generation
Transmission and Distribution
Oil & Gas
Manufacturing
Metals and Mining
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Power System Simulator Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Power System Simulator Market, by Offering, 2020-2030 (USD Billion)
- 1.2.3. Power System Simulator Market, by Modules, 2020-2030 (USD Billion)
- 1.2.4. Power System Simulator Market, by End user, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Power System Simulator Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Power System Simulator Market Dynamics

3.1. Power System Simulator Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising demand for electricity
  - 3.1.1.2. Increase in number of power plants
- 3.1.2. Market Challenges
  - 3.1.2.1. High cost associated with Power System Simulator
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising investment from the government for renewable power sources
  - 3.1.3.2. Growing technological advancement in Power System Simulator

Chapter 4. Global Power System Simulator Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Power System Simulator Market, by Offering

5.1. Market Snapshot
5.2. Global Power System Simulator Market by Offering, Performance - Potential Analysis
5.3. Global Power System Simulator Market Estimates & Forecasts by Offering 2020-2030 (USD Billion)
5.4. Power System Simulator Market, Sub Segment Analysis
- 5.4.1. Hardware
- 5.4.2. Software
- 5.4.3. Services

Chapter 6. Global Power System Simulator Market, by Modules

6.1. Market Snapshot
6.2. Global Power System Simulator Market by Modules, Performance - Potential Analysis
6.3. Global Power System Simulator Market Estimates & Forecasts by Modules 2020-2030 (USD Billion)
6.4. Power System Simulator Market, Sub Segment Analysis
- 6.4.1. Load Flow
- 6.4.2. Short Circuit
- 6.4.3. Arc Flash
- 6.4.4. Device Coordination Selectivity
- 6.4.5. Harmonics
- 6.4.6. Others

Chapter 7. Global Power System Simulator Market, by End user

7.1. Market Snapshot
7.2. Global Power System Simulator Market by End user, Performance - Potential Analysis
7.3. Global Power System Simulator Market Estimates & Forecasts by End user 2020-2030 (USD Billion)
7.4. Power System Simulator Market, Sub Segment Analysis
- 7.4.1. Power Generation
- 7.4.2. Transmission and Distribution
- 7.4.3. Oil & Gas
- 7.4.4. Manufacturing
- 7.4.5. Metals and Mining
- 7.4.6. Others

Chapter 8. Global Power System Simulator Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Power System Simulator Market, Regional Market Snapshot
8.4. North America Power System Simulator Market
- 8.4.1. U.S. Power System Simulator Market
  - 8.4.1.1. Offering breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Modules breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. End user breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Power System Simulator Market
8.5. Europe Power System Simulator Market Snapshot
- 8.5.1. U.K. Power System Simulator Market
- 8.5.2. Germany Power System Simulator Market
- 8.5.3. France Power System Simulator Market
- 8.5.4. Spain Power System Simulator Market
- 8.5.5. Italy Power System Simulator Market
- 8.5.6. Rest of Europe Power System Simulator Market
8.6. Asia-Pacific Power System Simulator Market Snapshot
- 8.6.1. China Power System Simulator Market
- 8.6.2. India Power System Simulator Market
- 8.6.3. Japan Power System Simulator Market
- 8.6.4. Australia Power System Simulator Market
- 8.6.5. South Korea Power System Simulator Market
- 8.6.6. Rest of Asia Pacific Power System Simulator Market
8.7. Latin America Power System Simulator Market Snapshot
- 8.7.1. Brazil Power System Simulator Market
- 8.7.2. Mexico Power System Simulator Market
8.8. Middle East & Africa Power System Simulator Market
- 8.8.1. Saudi Arabia Power System Simulator Market
- 8.8.2. South Africa Power System Simulator Market
- 8.8.3. Rest of Middle East & Africa Power System Simulator Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Operation Technology, Inc
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Neplan AG
- 9.3.3. PowerWorld Corporation
- 9.3.4. Eaton Corporation, Inc
- 9.3.5. Fuji Electric Co., Ltd
- 9.3.6. The MathWorks, Inc
- 9.3.7. RTDS Technologies, Inc
- 9.3.8. Opal-RT Technologies, Inc
- 9.3.9. ABB Ltd
- 9.3.10. Siemens AG

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Power System Simulator Market, report scope
TABLE 2. Global Power System Simulator Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Power System Simulator Market estimates & forecasts by Offering 2020-2030 (USD Billion)
TABLE 4. Global Power System Simulator Market estimates & forecasts by Modules 2020-2030 (USD Billion)
TABLE 5. Global Power System Simulator Market estimates & forecasts by End user 2020-2030 (USD Billion)
TABLE 6. Global Power System Simulator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Power System Simulator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Power System Simulator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Power System Simulator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Power System Simulator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Power System Simulator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Power System Simulator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Power System Simulator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Power System Simulator Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Power System Simulator Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Power System Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Power System Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Power System Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Power System Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Power System Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Power System Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Power System Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Power System Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Power System Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Power System Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Power System Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Power System Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Power System Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Power System Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Power System Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Power System Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Power System Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Power System Simulator Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Power System Simulator Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Power System Simulator Market
TABLE 71. List of primary sources, used in the study of global Power System Simulator Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Power System Simulator Market, research methodology
FIG 2. Global Power System Simulator Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Power System Simulator Market, key trends 2022
FIG 5. Global Power System Simulator Market, growth prospects 2023-2030
FIG 6. Global Power System Simulator Market, porters 5 force model
FIG 7. Global Power System Simulator Market, pest analysis
FIG 8. Global Power System Simulator Market, value chain analysis
FIG 9. Global Power System Simulator Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Power System Simulator Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Power System Simulator Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Power System Simulator Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Power System Simulator Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Power System Simulator Market, regional snapshot 2020 & 2030
FIG 15. North America Power System Simulator Market 2020 & 2030 (USD Billion)
FIG 16. Europe Power System Simulator Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Power System Simulator Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Power System Simulator Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Power System Simulator Market 2020 & 2030 (USD Billion)