Global Power System Simulator Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Power System Simulator market:
The latest research study on the global Power System Simulator market finds that the global Power System Simulator market reached a value of USD 1174.91 million in 2022. It’s expected that the market will achieve USD 1774.07 million by 2028, exhibiting a CAGR of 7.11% during the forecast period.

The booming power industry is one of the main reasons for driving the power system simulation market.
Electricity is related to economic development and human life. Electricity comes from primary energy. In order to protect the national energy supply security, its sources are implemented in a variety of types and multi-channel supply models. Electricity is an important material basis for production and life in modern society. With the development of industrialization in various countries, human demand for electricity has increased year by year. The ability to provide a large amount of cheap, high-quality, reliable electricity is directly related to the process of national economic development. Electricity production can be divided into two broad categories: fossil fuel produced electricity and clean energy (nuclear energy and renewable energy) to produce electricity. At present, it is the fossil fuel production power, especially coal-fired power generation and gas-fired power generation. In order to ensure energy supply, countries have vigorously developed energy power generation projects. The rapid development of these power industries has promoted the growth of the power system simulation market.

Data security risks are a limiting factor in the power system simulator market.
As a key infrastructure in various countries, once a cyber war occurs, it must become the preferred target of cyber-attacks, such as the “Ukraine power outage” or the “Shenzhen virus” attack on Iran’s nuclear facilities. Big data is an available and attackable carrier. Some hackers hide malware and virus code to attack and tamper with and steal data. The most typical is APT attack. By obtaining the power big data value information through attack, it is possible to analyze the distribution of power consumption of the target location, the location of key information infrastructure, and tamper with key data such as monitoring and warning information and operation instructions of key nodes, resulting in power system failure or major safety accidents. These data security risks exist may hinder market development.

Region Overview:
North America dominated the Power System Simulator market in 2022, with a market share of 29.2%.

Company Overview:
Siemens is one of the major players operating in the Power System Simulator market, holding a share of 14.33% in 2023.

Siemens
Siemens is a global powerhouse focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. In infrastructure and industry solutions the company plays a pioneering role.

General Electric Company
General Electric Company is a globally diversified technology and financial services company. The Company's products and services include aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing, and industrial products.

Segmentation Overview:
Among different product types, Software segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Power segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Power System Simulator market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Power System Simulator market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Power System Simulator and its sub-markets in an intuitive way.

Key Companies in the global Power System Simulator market covered in Chapter 3:
Siemens
ETAP
Eaton
Mathworks
ABB
Powerworld
Rtds Technologies
Fuji Electric
DIgSILENT GmbH
Opal-RT Technologies
GE
OSI

In Chapter 4 and Chapter 14.2, on the basis of types, the Power System Simulator market from 2018 to 2029 is primarily split into:
Hardware
Software
Services

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Power System Simulator market from 2018 to 2029 covers:
Power
Industrial
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Power System Simulator market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

Frequently Asked Questions