The Power System Simulator market was valued at $961 million in 2020 and is expected to reach $154 million by 2028, registering a CAGR of 6% from 2021 to 2027.
The growing demand for renewable energy sources such as solar and wind energy has stimulated the power industry and has increased the demand for power system simulators. The demand for Power System Simulator which helps to reduce the total project time and cost is also driving the market growth. Numerous government investments are also driving the growth of the global power system simulator market. The Global Power System Simulator Market report provides a holistic assessment of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that play a vital role in the market.
A full report of Power System Simulator Market available at https://www.orionmarketreports.com/power-system-simulator-market/33292/
Power System Simulator Market: Segmentation
By Offering
• Hardware
• Software
• Services
By Modules
• Load Flow
• Short Circuit
• Arc Flash
• Device Coordination Selectivity
• Harmonics
• Others
By End-User
• Power (Power Generation, Transmission and Distribution)
• Industrial (Oil & Gas, Manufacturing, Metals and Mining)
• Others
Key players in this market are
• ABB
• Eaton Corporation, Inc.
• ETAP
• Fuji Electric Co., Ltd.
• GE Energy Consulting
• Neplan AG
• Opal-RT Technologies, Inc.
• PowerWorld Corporation
• RTDS Technologies, Inc.
• Siemens AG
• The MathWorks, Inc.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
