Power system simulation and modelling software is used by power utilities for analysis, modelling, and simulation of the electric system. This analysis offers number of features that help power utilities in the diagnostic and detection of abnormalities or any kind of defects. Furthermore, it provides real-time access to operational data, historic data, and trends. Power system simulation and modelling software is used to measure adequacy calculations between generation and network capacities.
MARKET DYNAMICS
Reduction in overall project time & cost is driving the growth of the power system simulation and modelling software market. However, the risk to data security may restrain the growth of the power system simulation and modelling software market. Furthermore, development of smart cities is anticipated to create market opportunity for the power system simulation and modelling software market during the forecast period.
MARKET SCOPE
The "Global Power System Simulation and Modelling Software Market Analysis To 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The power system simulation and modelling software market report aims to provide an overview of the power system simulation and modelling software market with detailed market segmentation by modules, end user, and geography. The global power system simulation and modelling software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading power system simulation and modelling software market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global power system simulation and modelling software market is segmented on the basis of modules and end user. Based on modules, the power system simulation and modelling software market is segmented into: load flow, short circuit, arc flash, device coordination selectivity, harmonics, and others. On the basis of end user, the power system simulation and modelling software market is segmented into: commercial and industrial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global power system simulation and modelling software market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The power system simulation and modelling software market by each region is later sub-segmented by respective countries and segments. The power system simulation and modelling software market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the power system simulation and modelling software market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the power system simulation and modelling software market in these regions.
IMPACT OF COVID-19 ON POWER SYSTEM SIMULATION AND MODELLING SOFTWARE MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has had a positive impact on the power system simulation and modelling software market. Many companies now operate their businesses on online platforms due to the lockdown conditions; more companies are adopting power system simulation and modelling software. Therefore, the demand for power system simulation and modelling software solutions is increasing during COVID-19 and is also set to increase during the forecast period.
MARKET PLAYERS
The reports cover key developments in the power system simulation and modelling software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from power system simulation and modelling software market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the power system simulation and modelling software market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the power system simulation and modelling software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alpine Electronics, Inc.
- Clarion Company, Ltd.
- Continental AG
- Delphi Automotive plc
- Denso Corporation
- Garmin, Ltd.
- Harman International Industries, Inc.
- Panasonic Corporation
- Robert Bosch GmbH
- Visteon Corporation