Global 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 Region: Trend Forecast and Growth Opportunity
- Report ID: 43090
- Date: Aug, 2022
- Pages: 151
- Category: Energy & Power
Global power system simulator market will reach $2,074.2 million by 2031, growing by 7.2% 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 80 tables and 73 figures, this 151-page report “Global 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 Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global 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 global 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 global power system simulator market in every aspect of the classification from perspectives of by Component, Product, Module, Application, and Region.
Based on Component, the global 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 global 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 global 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 global 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 regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE，Saudi Arabia，South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2031. The breakdown of all regional markets by country and split of each national market 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 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 14
1.2.6 Market Size/Share Estimation 15
1.2.7 Research Limitations 16
1.3 Executive Summary 17
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 Global 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 Global 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 Global 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 Global 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 Segmentation of Global Market by Region 60
7.1 Geographic Market Overview 2021-2031 60
7.2 North America Market 2021-2031 by Country 64
7.2.1 Overview of North America Market 64
7.2.2 U.S. 68
7.2.3 Canada 71
7.2.4 Mexico 73
7.3 European Market 2021-2031 by Country 75
7.3.1 Overview of European Market 75
7.3.2 Germany 79
7.3.3 U.K. 81
7.3.4 France 83
7.3.5 Spain 85
7.3.6 Italy 87
7.3.7 Netherlands 89
7.3.8 Rest of European Market 91
7.4 Asia-Pacific Market 2021-2031 by Country 93
7.4.1 Overview of Asia-Pacific Market 93
7.4.2 Japan 97
7.4.3 China 100
7.4.4 Australia 102
7.4.5 India 104
7.4.6 South Korea 106
7.4.7 Rest of APAC Region 108
7.5 South America Market 2021-2031 by Country 110
7.5.1 Argentina 113
7.5.2 Brazil 115
7.5.3 Chile 117
7.5.4 Rest of South America Market 119
7.6 MEA Market 2021-2031 by Country 120
7.6.1 UAE 123
7.6.2 Saudi Arabia 125
7.6.3 South Africa 127
7.6.4 Other National Markets 129
8 Competitive Landscape 130
8.1 Overview of Key Vendors 130
8.2 New Product Launch, Partnership, Investment, and M&A 134
8.3 Company Profiles 135
ABB Ltd. 135
Atos SE 137
Eaton Corporation plc 138
Energy Exemplar 139
ETAP 140
Fuji Electric Co., Ltd. 141
General Electric Company (GE) 142
Neplan AG 143
OPAL-RT Technologies, Inc. 144
Open Systems International, Inc. (OSI) 145
PowerWorld Corporation 146
RTDS Technologies Inc. 147
Schneider Electric SE 148
Siemens AG 149
The MathWorks, Inc. 150
RELATED REPORTS 151
List of Tables
Table 1. Snapshot of Global Power System Simulator Market in Balanced Perspective, 2021-2031 18
Table 2. World Economic Outlook, 2021-2031 21
Table 3. Main Product Trends and Market Opportunities in Global Power System Simulator Market 30
Table 4. Global Power System Simulator Market by Component, 2021-2031, $ mn 38
Table 5. Global Power System Simulator Market by Product, 2021-2031, $ mn 43
Table 6. Global Power System Simulator Market by Module, 2021-2031, $ mn 47
Table 7. Global Power System Simulator Market by Application, 2021-2031, $ mn 55
Table 8. Global Power System Simulator Market by Region, 2021-2031, $ mn 61
Table 9. Leading National Power System Simulator Market, 2021 and 2031, $ mn 63
Table 10. North America Power System Simulator Market by Country, 2021-2031, $ mn 66
Table 11. U.S. Power System Simulator Market by Component, 2021-2031, $ mn 70
Table 12. U.S. Power System Simulator Market by Module, 2021-2031, $ mn 70
Table 13. U.S. Power System Simulator Market by Application, 2021-2031, $ mn 70
Table 14. Canada Power System Simulator Market by Component, 2021-2031, $ mn 72
Table 15. Canada Power System Simulator Market by Module, 2021-2031, $ mn 72
Table 16. Canada Power System Simulator Market by Application, 2021-2031, $ mn 72
Table 17. Mexico Power System Simulator Market by Component, 2021-2031, $ mn 74
Table 18. Mexico Power System Simulator Market by Module, 2021-2031, $ mn 74
Table 19. Mexico Power System Simulator Market by Application, 2021-2031, $ mn 74
Table 20. Europe Power System Simulator Market by Country, 2021-2031, $ mn 78
Table 21. Germany Power System Simulator Market by Component, 2021-2031, $ mn 80
Table 22. Germany Power System Simulator Market by Module, 2021-2031, $ mn 80
Table 23. Germany Power System Simulator Market by Application, 2021-2031, $ mn 80
Table 24. U.K. Power System Simulator Market by Component, 2021-2031, $ mn 82
Table 25. U.K. Power System Simulator Market by Module, 2021-2031, $ mn 82
Table 26. U.K. Power System Simulator Market by Application, 2021-2031, $ mn 82
Table 27. France Power System Simulator Market by Component, 2021-2031, $ mn 84
Table 28. France Power System Simulator Market by Module, 2021-2031, $ mn 84
Table 29. France Power System Simulator Market by Application, 2021-2031, $ mn 84
Table 30. Spain Power System Simulator Market by Component, 2021-2031, $ mn 86
Table 31. Spain Power System Simulator Market by Module, 2021-2031, $ mn 86
Table 32. Spain Power System Simulator Market by Application, 2021-2031, $ mn 86
Table 33. Italy Power System Simulator Market by Component, 2021-2031, $ mn 88
Table 34. Italy Power System Simulator Market by Module, 2021-2031, $ mn 88
Table 35. Italy Power System Simulator Market by Application, 2021-2031, $ mn 88
Table 36. Netherlands Power System Simulator Market by Component, 2021-2031, $ mn 90
Table 37. Netherlands Power System Simulator Market by Module, 2021-2031, $ mn 90
Table 38. Netherlands Power System Simulator Market by Application, 2021-2031, $ mn 90
Table 39. Power System Simulator Market in Rest of Europe by Country, 2021-2031, $ mn 92
Table 40. APAC Power System Simulator Market by Country, 2021-2031, $ mn 95
Table 41. Japan Power System Simulator Market by Component, 2021-2031, $ mn 99
Table 42. Japan Power System Simulator Market by Module, 2021-2031, $ mn 99
Table 43. Japan Power System Simulator Market by Application, 2021-2031, $ mn 99
Table 44. China Power System Simulator Market by Component, 2021-2031, $ mn 101
Table 45. China Power System Simulator Market by Module, 2021-2031, $ mn 101
Table 46. China Power System Simulator Market by Application, 2021-2031, $ mn 101
Table 47. Australia Power System Simulator Market by Component, 2021-2031, $ mn 103
Table 48. Australia Power System Simulator Market by Module, 2021-2031, $ mn 103
Table 49. Australia Power System Simulator Market by Application, 2021-2031, $ mn 103
Table 50. India Power System Simulator Market by Component, 2021-2031, $ mn 105
Table 51. India Power System Simulator Market by Module, 2021-2031, $ mn 105
Table 52. India Power System Simulator Market by Application, 2021-2031, $ mn 105
Table 53. South Korea Power System Simulator Market by Component, 2021-2031, $ mn 107
Table 54. South Korea Power System Simulator Market by Module, 2021-2031, $ mn 107
Table 55. South Korea Power System Simulator Market by Application, 2021-2031, $ mn 107
Table 56. Power System Simulator Market in Rest of APAC by Country/Region, 2021-2031, $ mn 109
Table 57. South America Power System Simulator Market by Country, 2021-2031, $ mn 112
Table 58. Argentina Power System Simulator Market by Component, 2021-2031, $ mn 114
Table 59. Argentina Power System Simulator Market by Module, 2021-2031, $ mn 114
Table 60. Argentina Power System Simulator Market by Application, 2021-2031, $ mn 114
Table 61. Brazil Power System Simulator Market by Component, 2021-2031, $ mn 116
Table 62. Brazil Power System Simulator Market by Module, 2021-2031, $ mn 116
Table 63. Brazil Power System Simulator Market by Application, 2021-2031, $ mn 116
Table 64. Chile Power System Simulator Market by Component, 2021-2031, $ mn 118
Table 65. Chile Power System Simulator Market by Module, 2021-2031, $ mn 118
Table 66. Chile Power System Simulator Market by Application, 2021-2031, $ mn 118
Table 67. MEA Power System Simulator Market by Country, 2021-2031, $ mn 122
Table 68. UAE Power System Simulator Market by Component, 2021-2031, $ mn 124
Table 69. UAE Power System Simulator Market by Module, 2021-2031, $ mn 124
Table 70. UAE Power System Simulator Market by Application, 2021-2031, $ mn 124
Table 71. Saudi Arabia Power System Simulator Market by Component, 2021-2031, $ mn 126
Table 72. Saudi Arabia Power System Simulator Market by Module, 2021-2031, $ mn 126
Table 73. Saudi Arabia Power System Simulator Market by Application, 2021-2031, $ mn 126
Table 74. South Africa Power System Simulator Market by Component, 2021-2031, $ mn 128
Table 75. South Africa Power System Simulator Market by Module, 2021-2031, $ mn 128
Table 76. South Africa Power System Simulator Market by Application, 2021-2031, $ mn 128
Table 77. Breakdown of World Market by Key Vendor, 2021, % 132
Table 78. ABB Ltd.: Company Snapshot 135
Table 79. ABB Ltd.: Business Segmentation 136
Table 80. ABB Ltd.: Product Portfolio 136
List of Figures
Figure 1. Research Method Flow Chart 12
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 17
Figure 4. Global 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 Global Power System Simulator Market 24
Figure 7. Primary Restraints and Impact Factors of Global Power System Simulator Market 27
Figure 8. Investment Opportunity Analysis 31
Figure 9. Porter’s Fiver Forces Analysis of Global Power System Simulator Market 34
Figure 10. Breakdown of Global Power System Simulator Market by Component, 2021-2031, % of Revenue 39
Figure 11. Global Addressable Market Cap in 2022-2031 by Component, Value ($ mn) and Share (%) 39
Figure 12. Global Power System Simulator Market by Component: Hardware, 2021-2031, $ mn 40
Figure 13. Global Power System Simulator Market by Component: Software, 2021-2031, $ mn 41
Figure 14. Global Power System Simulator Market by Component: Services, 2021-2031, $ mn 42
Figure 15. Breakdown of Global Power System Simulator Market by Product, 2021-2031, % of Sales Revenue 44
Figure 16. Global Addressable Market Cap in 2022-2031 by Product, Value ($ mn) and Share (%) 44
Figure 17. Global Power System Simulator Market by Product: Hardware in the Loop (HIL), 2021-2031, $ mn 45
Figure 18. Global Power System Simulator Market by Product: Power Hardware in the Loop (PHIL), 2021-2031, $ mn 46
Figure 19. Breakdown of Global Power System Simulator Market by Module, 2021-2031, % of Sales Revenue 48
Figure 20. Global Addressable Market Cap in 2022-2031 by Module, Value ($ mn) and Share (%) 48
Figure 21. Global Power System Simulator Market by Module: Load Flow, 2021-2031, $ mn 49
Figure 22. Global Power System Simulator Market by Module: Harmonics, 2021-2031, $ mn 50
Figure 23. Global Power System Simulator Market by Module: Short Circuit, 2021-2031, $ mn 51
Figure 24. Global Power System Simulator Market by Module: Arc Flash, 2021-2031, $ mn 52
Figure 25. Global Power System Simulator Market by Module: Device Coordination Selectivity, 2021-2031, $ mn 53
Figure 26. Global Power System Simulator Market by Module: Other Modules, 2021-2031, $ mn 54
Figure 27. Breakdown of Global Power System Simulator Market by Application, 2021-2031, % of Revenue 56
Figure 28. Global Addressable Market Cap in 2022-2031 by Application, Value ($ mn) and Share (%) 56
Figure 29. Global Power System Simulator Market by Application: Power, 2021-2031, $ mn 57
Figure 30. Global Power System Simulator Market by Application: Industrial, 2021-2031, $ mn 58
Figure 31. Global Power System Simulator Market by Application: Other Applications, 2021-2031, $ mn 59
Figure 32. Global Market Snapshot by Region 60
Figure 33. Geographic Spread of Worldwide Power System Simulator Market, 2021-2031, % of Sales Revenue 61
Figure 34. Global Addressable Market Cap in 2022-2031 by Region, Value ($ mn) and Share (%) 62
Figure 35. North American Power System Simulator Market, 2021-2031, $ mn 65
Figure 36. Breakdown of North America Power System Simulator Market by Country, 2021 and 2031, % of Revenue 66
Figure 37. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 67
Figure 38. U.S. Power System Simulator Market, 2021-2031, $ mn 69
Figure 39. Canada Power System Simulator Market, 2021-2031, $ mn 71
Figure 40. Power System Simulator Market in Mexico, 2021-2031, $ mn 73
Figure 41. European Power System Simulator Market, 2021-2031, $ mn 76
Figure 42. Breakdown of European Power System Simulator Market by Country, 2021 and 2031, % of Revenue 77
Figure 43. Contribution to Europe 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 78
Figure 44. Power System Simulator Market in Germany, 2021-2031, $ mn 79
Figure 45. Power System Simulator Market in U.K., 2021-2031, $ mn 81
Figure 46. Power System Simulator Market in France, 2021-2031, $ mn 83
Figure 47. Power System Simulator Market in Spain, 2021-2031, $ mn 85
Figure 48. Power System Simulator Market in Italy, 2021-2031, $ mn 87
Figure 49. Power System Simulator Market in Netherlands, 2021-2031, $ mn 89
Figure 50. Power System Simulator Market in Rest of Europe, 2021-2031, $ mn 91
Figure 51. Asia-Pacific Power System Simulator Market, 2021-2031, $ mn 94
Figure 52. Breakdown of APAC Power System Simulator Market by Country, 2021 and 2031, % of Revenue 94
Figure 53. Contribution to APAC 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 96
Figure 54. Power System Simulator Market in Japan, 2021-2031, $ mn 98
Figure 55. Power System Simulator Market in China, 2021-2031, $ mn 100
Figure 56. Power System Simulator Market in Australia, 2021-2031, $ mn 102
Figure 57. Power System Simulator Market in India, 2021-2031, $ mn 104
Figure 58. Power System Simulator Market in South Korea, 2021-2031, $ mn 106
Figure 59. Power System Simulator Market in Rest of APAC, 2021-2031, $ mn 108
Figure 60. South America Power System Simulator Market, 2021-2031, $ mn 111
Figure 61. Breakdown of South America Power System Simulator Market by Country, 2021 and 2031, % of Revenue 111
Figure 62. Contribution to South America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 112
Figure 63. Power System Simulator Market in Argentina, 2021-2031, $ mn 113
Figure 64. Power System Simulator Market in Brazil, 2021-2031, $ mn 115
Figure 65. Power System Simulator Market in Chile, 2021-2031, $ mn 117
Figure 66. Power System Simulator Market in Rest of South America, 2021-2031, $ mn 119
Figure 67. Power System Simulator Market in Middle East and Africa (MEA), 2021-2031, $ mn 121
Figure 68. Breakdown of MEA Power System Simulator Market by Country, 2021 and 2031, % of Revenue 121
Figure 69. Contribution to MEA 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 122
Figure 70. Power System Simulator Market in UAE, 2021-2031, $ mn 123
Figure 71. Power System Simulator Market in Saudi Arabia, 2021-2031, $ mn 125
Figure 72. Power System Simulator Market in South Africa, 2021-2031, $ mn 127
Figure 73. Growth Stage of Global Power System Simulator Industry over the Forecast Period 130
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.
Clients
