Press release
Power System Analysis Software Market - Rapidly Growing Industry & Forecast 2017 - 2025
Request Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7502
Nevertheless, the power system analysis software market is competitive in terms of product offerings due to the higher concentration of service providers. New product development with the objective to increase the efficiency of software is what players in the power system analysis software market are focused on. Thus, mergers and acquisitions and partnerships are the focus of companies to strengthen their positions and for conversion of growth opportunities into business gains. A case in point is General Electric Company. The company acquired Alstom in 2016, following which it is expanding its presence in emerging markets. This is reflected in its near double revenue in India post its acquisition of Alstom.
“Strategic alliances in order to enhance operational capabilities of partnering company is the growth strategy that key players in the power system analysis software market are adopting’” says a TMR analyst. An excellent example is ETAP/Operation Technology Inc. In September 2014, the company partnered with U.S. based OSIsoft LLC to deliver power management solutions for continuous monitoring, automation, optimization, and control of electrical power systems. These solutions are applicable for utilities, process industries, micro-grids, smart cities, mission critical facilities, and government operations.
Browse Our Report: https://www.transparencymarketresearch.com/power-system-analysis-software-market.html
The global power system analysis software market stood at US$3,959.7 mn in 2016 and is expected to be worth US$11,585.7 mn by 2025, expanding at a CAGR of 12.7% between 2017 and 2025.
Cloud-based Implementation Segment to Display Steady Rise in Future
The on-premise implementation segment accounted for a massive 81% of revenue of overall power system analysis software market in 2016. The massive revenue contribution of the on-premise segment is due to their better system uptime, as the servers are on-premise at the power utilities’ buildings. However, the segment of cloud-based implementation is also anticipated to display a steady rise due to the widespread outreach of the Internet.
North America is the leading regional market with the region accounting for almost 33% of the power analysis software market in 2016. The growth of this region is primarily driven by huge amount of investments on smart grid systems. However, Asia Pacific is anticipated to display the fastest growth over the forecast period. India, China, Japan, and Australia are the key domestic markets for power system analysis software in the region.
Adoption of Smart Grid Technology for Boosting Electricity Production Drives Market
The rising investment in smart grid technology is the leading factor boosting the power system analysis software market. Across the world, the incessantly increasing demand for electricity has forced utility companies to boost production. This includes setting up new power transmission networks and also boosting the capacity of existing power transmission lines, grids, and associated infrastructure, which in turn, enhances their efficiency for electricity generation, transmission, and generation. Smart power technology requires power system analysis software to monitor grid performance and to enable condition-based maintenance.
Buy This Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=7502<ype=S
Governments and regulatory agencies are driving adoption of power system analysis software by advocating the implementation of smart power technologies through incentives or regulatory mandates. Emerging countries are displaying an increased deployment of smart grid technology and thus benefitting the power system analysis software market.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Power System Analysis Software Market - Rapidly Growing Industry & Forecast 2017 - 2025 here
News-ID: 896894 • Views: …
More Releases from Transparency Market Research
Gas Compressor Market Outlook 2036: Global Industry Expected to Reach US$ 41.0 B …
The global gas compressor market was valued at US$ 23.2 Bn in 2025 and is projected to reach US$ 41.0 Bn by 2036, expanding at a compound annual growth rate (CAGR) of 5.3% from 2026 to 2036. This steady growth trajectory reflects the structural importance of gas compression systems across upstream, midstream, and downstream gas value chains. Rising natural gas consumption, expansion of pipeline and LNG infrastructure, and national energy…
Anesthesia Drugs Market to be Worth USD 12.6 Bn by 2036 - By Drug / By Applicati …
The global anesthesia drugs market was valued at US$ 7.6 billion in 2025 and is projected to reach US$ 12.6 billion by 2036, expanding at a compound annual growth rate (CAGR) of 4.7% from 2026 to 2036. This steady growth trajectory reflects the essential and non-substitutable role of anesthesia drugs in modern healthcare systems. As surgical interventions continue to rise globally-across both elective and emergency procedures-the demand for safe, effective,…
Single-Atom Catalysts Market Size is Expected to Expand from US$ 177.8 Million t …
The global single-atom catalysts (SACs) market is poised for remarkable growth as industries seek highly efficient, cost-effective, and sustainable catalytic solutions. Valued at US$ 177.8 million in 2025, the market is projected to reach US$ 1,000.2 million by 2036, expanding at a robust compound annual growth rate (CAGR) of 17.0% from 2026 to 2036. This rapid expansion reflects the growing importance of advanced catalysis in energy, chemicals, environmental protection, and…
Non-specific Endonuclease Market to Reach USD 726.6 Million by 2036, Supported b …
The non-specific endonuclease market is witnessing steady growth, driven by the expanding use of molecular biology tools across biotechnology, pharmaceuticals, diagnostics, and academic research. Non-specific endonucleases are enzymes that cleave nucleic acids without requiring a specific recognition sequence, making them highly valuable for applications such as DNA/RNA degradation, sample preparation, viscosity reduction, and contamination control. Their broad activity profile differentiates them from restriction enzymes and enables versatile usage across multiple…
More Releases for TMR
Ophthalmic Drugs Market Reviews 2027 | TMR Study
Ophthalmic Drugs Market: Overview
According to Transparency Market Research's latest report on the global Ophthalmic Drugs Market for the historical period 2017-2018 and forecast period 2019-2027, Rising adoption of newly developed therapeutics in ophthalmology, Increasing incidence rates of eye related disorders, Advanced retinal treatment approvals for unmet needs in eye disorders, Significant awareness about the diagnosis and treatment of eye disorders are projected to drive the global Ophthalmic Drugs Market during the forecast period.
According…
Electronic Lab Notebook (ELN) Market | TMR Research
Global Electronic Lab Notebook (ELN) Market: Overview
Rising adoption of robotics and process automation in various business verticals, especially in healthcare sector is the prime reason for the growth of global electronic lab notebook (ELN) market. With ELN solutions it is now possible to set-up, execute and monitor the derived result in much lesser time. Owing to these benefit the global electronic lab notebook market in the forecast period of 2018…
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
Compound Chocolate Market 2018-2028 | TMR Research
Global Compound Chocolate Market: Overview
The demand within the global compound chocolate market has been rising on account of advancements in the field of confectioneries. The use of compound chocolate manufacture novel food products has played to the advantage of the global market. Compound chocolate is made up of cocoa and vegetable sweeteners, and this is the most unique trait of this form of chocolate. Several new and old vendors in…
Hyperloop Train Market 2025 | TMR Research
Global Hyperloop Train Market: Snapshot
The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2000
The…
TMR - Research Reports
The torque sensor is a device that is used to measure and record torque on a rotating system. Torque monitoring and measurement are critical parameters in nearly all rotating parts, equipment and machines, which guarantees high performance. Torque monitoring is implemented by using torque systems. There are two types of torque systems - static and dynamic torque. Dynamic torque is tricky to measure and requires transfer of some form of…
