Europe Power System Simulator Market 2022-2031 by Component (Hardware, Software, Services), Product (HIL, PHIL), Module (Load Flow, Harmonics, Short Circuit, Arc Flash, Device Coordination Selectivity, Others), Application (Power, Industrial, Others), and Country: Trend Forecast and Growth Opportunity
- Report ID: 43092
- Date: Aug, 2022
- Pages: 97
- Category: Energy & Power
Europe power system simulator market was valued at $248.8 million in 2022 and will grow by 6.3% annually over 2022-2031, driven by the rising necessity for renewable sources of energy such as solar and wind energy, rising investments into power infrastructure, growing demand for cost saving and improved efficiency, and the surging adoption of IoT as well as cloud-based platforms.
Highlighted with 30 tables and 41 figures, this 97-page report “Europe Power System Simulator Market 2022-2031 by Component (Hardware, Software, Services), Product (HIL, PHIL), Module (Load Flow, Harmonics, Short Circuit, Arc Flash, Device Coordination Selectivity, Others), Application (Power, Industrial, Others), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe power system simulator market and all its sub-segments through extensively detailed classifications.
Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2022 and provides forecast from 2022 till 2031 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Europe power system simulator market in every aspect of the classification from perspectives of by Component, Product, Module, Application, and Country.
Based on Component, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
• Hardware
• Software
• Services
Based on Product, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
• Hardware in the Loop (HIL)
• Power Hardware in the Loop (PHIL)
By Module, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
• Load Flow
• Harmonics
• Short Circuit
• Arc Flash
• Device Coordination Selectivity
• Other Modules
By Application, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
• Power
• Industrial
• Other Applications
Geographically, the following national/local markets are fully investigated:
• Germany
• UK
• France
• Spain
• Italy
• Netherlands
• Rest of Europe (further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2031. The breakdown of national markets by Component, Module, and Application over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
ABB Ltd.
Atos SE
Eaton Corporation plc
Energy Exemplar
ETAP
Fuji Electric Co., Ltd.
General Electric Company (GE)
Neplan AG
OPAL-RT Technologies, Inc.
Open Systems International, Inc. (OSI)
PowerWorld Corporation
RTDS Technologies Inc.
Schneider Electric SE
Siemens AG
The MathWorks, Inc.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 20
2.1.2 Impact of COVID-19 on the Market 22
2.2 Major Growth Drivers 24
2.3 Market Restraints and Challenges 27
2.4 Emerging Opportunities and Market Trends 30
2.5 Porter’s Fiver Forces Analysis 34
3 Segmentation of Europe Market by Component 38
3.1 Market Overview by Component 38
3.2 Hardware 40
3.3 Software 41
3.4 Services 42
4 Segmentation of Europe Market by Product 43
4.1 Market Overview by Product 43
4.2 Hardware in the Loop (HIL) 45
4.3 Power Hardware in the Loop (PHIL) 46
5 Segmentation of Europe Market by Module 47
5.1 Market Overview by Module 47
5.2 Load Flow 49
5.3 Harmonics 50
5.4 Short Circuit 51
5.5 Arc Flash 52
5.6 Device Coordination Selectivity 53
5.7 Other Modules 54
6 Segmentation of Europe Market by Application 55
6.1 Market Overview by Application 55
6.2 Power 57
6.3 Industrial 58
6.4 Other Applications 59
7 European Market 2021-2031 by Country 60
7.1 Overview of European Market 60
7.2 Germany 63
7.3 U.K. 65
7.4 France 67
7.5 Spain 69
7.6 Italy 71
7.7 Netherlands 73
7.8 Rest of European Market 75
8 Competitive Landscape 77
8.1 Overview of Key Vendors 77
8.2 New Product Launch, Partnership, Investment, and M&A 80
8.3 Company Profiles 81
ABB Ltd. 81
Atos SE 83
Eaton Corporation plc 84
Energy Exemplar 85
ETAP 86
Fuji Electric Co., Ltd. 87
General Electric Company (GE) 88
Neplan AG 89
OPAL-RT Technologies, Inc. 90
Open Systems International, Inc. (OSI) 91
PowerWorld Corporation 92
RTDS Technologies Inc. 93
Schneider Electric SE 94
Siemens AG 95
The MathWorks, Inc. 96
RELATED REPORTS 97
List of Tables
Table 1. Snapshot of Europe Power System Simulator Market in Balanced Perspective, 2021-2031 17
Table 2. World Economic Outlook, 2021-2031 21
Table 3. Main Product Trends and Market Opportunities in Europe Power System Simulator Market 30
Table 4. Europe Power System Simulator Market by Component, 2021-2031, $ mn 38
Table 5. Europe Power System Simulator Market by Product, 2021-2031, $ mn 43
Table 6. Europe Power System Simulator Market by Module, 2021-2031, $ mn 47
Table 7. Europe Power System Simulator Market by Application, 2021-2031, $ mn 55
Table 8. Europe Power System Simulator Market by Country, 2021-2031, $ mn 62
Table 9. Germany Power System Simulator Market by Component, 2021-2031, $ mn 64
Table 10. Germany Power System Simulator Market by Module, 2021-2031, $ mn 64
Table 11. Germany Power System Simulator Market by Application, 2021-2031, $ mn 64
Table 12. U.K. Power System Simulator Market by Component, 2021-2031, $ mn 66
Table 13. U.K. Power System Simulator Market by Module, 2021-2031, $ mn 66
Table 14. U.K. Power System Simulator Market by Application, 2021-2031, $ mn 66
Table 15. France Power System Simulator Market by Component, 2021-2031, $ mn 68
Table 16. France Power System Simulator Market by Module, 2021-2031, $ mn 68
Table 17. France Power System Simulator Market by Application, 2021-2031, $ mn 68
Table 18. Spain Power System Simulator Market by Component, 2021-2031, $ mn 70
Table 19. Spain Power System Simulator Market by Module, 2021-2031, $ mn 70
Table 20. Spain Power System Simulator Market by Application, 2021-2031, $ mn 70
Table 21. Italy Power System Simulator Market by Component, 2021-2031, $ mn 72
Table 22. Italy Power System Simulator Market by Module, 2021-2031, $ mn 72
Table 23. Italy Power System Simulator Market by Application, 2021-2031, $ mn 72
Table 24. Netherlands Power System Simulator Market by Component, 2021-2031, $ mn 74
Table 25. Netherlands Power System Simulator Market by Module, 2021-2031, $ mn 74
Table 26. Netherlands Power System Simulator Market by Application, 2021-2031, $ mn 74
Table 27. Power System Simulator Market in Rest of Europe by Country, 2021-2031, $ mn 76
Table 28. ABB Ltd.: Company Snapshot 81
Table 29. ABB Ltd.: Business Segmentation 82
Table 30. ABB Ltd.: Product Portfolio 82
List of Figures
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 16
Figure 4. Europe Power System Simulator Market, 2021-2031, $ mn 19
Figure 5. Impact of COVID-19 on Business 22
Figure 6. Primary Drivers and Impact Factors of Europe Power System Simulator Market 24
Figure 7. Primary Restraints and Impact Factors of Europe Power System Simulator Market 27
Figure 8. Investment Opportunity Analysis 31
Figure 9. Porter’s Fiver Forces Analysis of Europe Power System Simulator Market 34
Figure 10. Breakdown of Europe Power System Simulator Market by Component, 2021-2031, % of Revenue 39
Figure 11. Europe Addressable Market Cap in 2022-2031 by Component, Value ($ mn) and Share (%) 39
Figure 12. Europe Power System Simulator Market by Component: Hardware, 2021-2031, $ mn 40
Figure 13. Europe Power System Simulator Market by Component: Software, 2021-2031, $ mn 41
Figure 14. Europe Power System Simulator Market by Component: Services, 2021-2031, $ mn 42
Figure 15. Breakdown of Europe Power System Simulator Market by Product, 2021-2031, % of Sales Revenue 44
Figure 16. Europe Addressable Market Cap in 2022-2031 by Product, Value ($ mn) and Share (%) 44
Figure 17. Europe Power System Simulator Market by Product: Hardware in the Loop (HIL), 2021-2031, $ mn 45
Figure 18. Europe Power System Simulator Market by Product: Power Hardware in the Loop (PHIL), 2021-2031, $ mn 46
Figure 19. Breakdown of Europe Power System Simulator Market by Module, 2021-2031, % of Sales Revenue 48
Figure 20. Europe Addressable Market Cap in 2022-2031 by Module, Value ($ mn) and Share (%) 48
Figure 21. Europe Power System Simulator Market by Module: Load Flow, 2021-2031, $ mn 49
Figure 22. Europe Power System Simulator Market by Module: Harmonics, 2021-2031, $ mn 50
Figure 23. Europe Power System Simulator Market by Module: Short Circuit, 2021-2031, $ mn 51
Figure 24. Europe Power System Simulator Market by Module: Arc Flash, 2021-2031, $ mn 52
Figure 25. Europe Power System Simulator Market by Module: Device Coordination Selectivity, 2021-2031, $ mn 53
Figure 26. Europe Power System Simulator Market by Module: Other Modules, 2021-2031, $ mn 54
Figure 27. Breakdown of Europe Power System Simulator Market by Application, 2021-2031, % of Revenue 56
Figure 28. Europe Addressable Market Cap in 2022-2031 by Application, Value ($ mn) and Share (%) 56
Figure 29. Europe Power System Simulator Market by Application: Power, 2021-2031, $ mn 57
Figure 30. Europe Power System Simulator Market by Application: Industrial, 2021-2031, $ mn 58
Figure 31. Europe Power System Simulator Market by Application: Other Applications, 2021-2031, $ mn 59
Figure 32. Breakdown of European Power System Simulator Market by Country, 2021 and 2031, % of Revenue 61
Figure 33. Contribution to Europe 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 62
Figure 34. Power System Simulator Market in Germany, 2021-2031, $ mn 63
Figure 35. Power System Simulator Market in U.K., 2021-2031, $ mn 65
Figure 36. Power System Simulator Market in France, 2021-2031, $ mn 67
Figure 37. Power System Simulator Market in Spain, 2021-2031, $ mn 69
Figure 38. Power System Simulator Market in Italy, 2021-2031, $ mn 71
Figure 39. Power System Simulator Market in Netherlands, 2021-2031, $ mn 73
Figure 40. Power System Simulator Market in Rest of Europe, 2021-2031, $ mn 75
Figure 41. Growth Stage of Europe Power System Simulator Industry over the Forecast Period 77
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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