Global Power System Analysis Software Market Booming Trends and Forecast Assessment for the Period 2017 – 2025

Market Research Reports Search Engine (MRRSE) has recently updated its massive research catalog by adding a new study, titled “Power System Analysis Software Market”. The study offers a clear insight about the prevailing trends and innovations happening in the Power System Analysis Software Market. Readers can further access details about research highlights and executive summary to gain a better idea about this assessment. The market overview covers key industry developments and market opportunity map during the mentioned forecast period. In addition, a holistic view of the entire global market scenario across all the prime regional segments, such as (Regions) has been delivered.

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With a highly fragmented vendor landscape, the global power system analysis software market is characterized by the presence of large number of regional players spread across geographies. Leading players within the market have established their status by making their presence felt across the globe through strategic alliances and mergers and acquisitions. With a large number of service providers, the global power system analysis software market can be characterized as being extremely competitive in terms of product offerings. General Electric Company, Siemens AG, ETAP, and ABB are the top players within the market. Leading players within the market are focusing extensively on new product development with the motto of increasing the efficiency of the software, states MRRSE in its latest research.

According to MRRSE, the global power system analysis software Market be worth US$11,585.7 mn by 2025, expanding at a CAGR of 12.7% between 2017 and 2025. On the basis of geography, it is expected that North America will continue to lead in the market. This region accounted for 33% of the total market in 2016, driven by smart grid systems. In terms of fastest growth, it is expected that Asia Pacific will expand at the fastest CAGR during the assessment period, led by China, India, Japan, and Australia. In terms of implementation model, this market is segmented into cloud-based and on-premise. Of these the on-premise implementation segment accounted for a whopping 81% of the total revenue generated from the overall power system analysis software market in 2016. This growth is on account of on-premise implementation at power utilities buildings. On the other hand, the cloud-based implementation segment will exhibit a steady growth in the forecast. On account of the growing penetration and widespread outreach of the internet.

Increasing Investments in Smart Grid Technology Bodes Well for Market

According to a MRRSE analyst, the primary factor fuelling the demand for power system analysis software is the rapidly increasing investments towards smart grid technology. Across the globe, the demand for electricity has increased. This can be attributed to the growing industrialization and urbanization. Therefore, the surge in the demand for electricity has compelled utility companies to boost their production of energy including setting up new power transmission networks as well as boosting their existing power transmission capacity. Utility companies are also focusing on expanding or increasing the capacity of the existing power lines and grades as well as any other associated infrastructure which can enhance the efficiency of electricity production and transmission. With smart power technology requiring system analysis software for the monitoring of great performance as well as for enabling condition-based maintenance, the growth of the power system analysis software market is assured during the forecast period from 2017 to 2025.

The report segments the global power system analysis software market on the basis of implementation model into on-premise and cloud -based. By application, the market has been classified into distribution and transmission. Thus, the report provides in-depth cross-segment analysis of the power system analysis software market and classifies it into various levels, thereby providing valuable insights at the macro as well as micro levels.

On the basis of geography, North American market is divided into the U.S., and Rest of North America. Similarly, Europe market is divided into EU7, CIS, and Rest of Europe. Asia Pacific has been segmented into Japan, China, South Asia (India, Pakistan, Bangladesh, and Sri Lanka), Australasia (Australia, NZ, and Guinea), and Rest of Asia Pacific. Middle East and Africa covers the G.C.C., South Africa and Rest of Middle East and Africa. Similarly, Latin American region includes Brazil, and Rest of Latin America. This report provides all the essential information required to understand the power system analysis software and its components. Also, the report provides insights related to the policies and regulations according to the various geographical regions mentioned above. These policies and regulations are directly or indirectly influencing the power system analysis software market.

Complete Report details with List of Tables and Figures @ https://www.mrrse.com/power-system-analysis-software-market

Global System Analysis Software Market: Competitive Landscape

ABB Ltd., Siemens AG, General Electric Company, Schneider Electric DMS NS, ETAP/Operation Technology, Inc., Atos SE, Artelys SA, PSI AG, Operation Simulation Associates, Inc., Unicorn Systems, Energy Exemplar, Electricity Coordinating Center Ltd., PowerWorld Corporation, Open Systems International, Inc., Nexant Inc., Electrocon International Inc., Pöyry, DIgSILENT GmbH, Eaton Corporation Plc, and Neplan AG. are some of the major players operating within the global power system analysis software market profiled in this study. Details such as financials, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.

The global power system analysis software market is segmented as follows.

Power System Analysis Software Market, by Implementation Model

On-premise
Cloud-based

Power System Analysis Software Market, by Application

Distribution
Transmission

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