North America 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: 43091
- Date: Aug, 2022
- Pages: 88
- Category: Energy & Power
North America power system simulator market is projected to grow by 6.8% annually in the forecast period and reach $719.3 million by 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 20 tables and 37 figures, this 88-page report “North America 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 North America 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 North America 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 North America power system simulator market in every aspect of the classification from perspectives of by Component, Product, Module, Application, and Country.
Based on Component, the North America 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 North America 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 North America 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 North America 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:
• U.S.
• Canada
• Mexico
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 6
1.1 Industry Definition and Research Scope 6
1.1.1 Industry Definition 6
1.1.2 Research Scope 7
1.2 Research Methodology 10
1.2.1 Overview of Market Research Methodology 10
1.2.2 Market Assumption 11
1.2.3 Secondary Data 11
1.2.4 Primary Data 11
1.2.5 Data Filtration and Model Design 12
1.2.6 Market Size/Share Estimation 13
1.2.7 Research Limitations 14
1.3 Executive Summary 15
2 Market Overview and Dynamics 17
2.1 Market Size and Forecast 17
2.1.1 Impact of COVID-19 on World Economy 18
2.1.2 Impact of COVID-19 on the Market 20
2.2 Major Growth Drivers 22
2.3 Market Restraints and Challenges 25
2.4 Emerging Opportunities and Market Trends 28
2.5 Porter’s Fiver Forces Analysis 32
3 Segmentation of North America Market by Component 36
3.1 Market Overview by Component 36
3.2 Hardware 38
3.3 Software 39
3.4 Services 40
4 Segmentation of North America Market by Product 41
4.1 Market Overview by Product 41
4.2 Hardware in the Loop (HIL) 43
4.3 Power Hardware in the Loop (PHIL) 44
5 Segmentation of North America Market by Module 45
5.1 Market Overview by Module 45
5.2 Load Flow 47
5.3 Harmonics 48
5.4 Short Circuit 49
5.5 Arc Flash 50
5.6 Device Coordination Selectivity 51
5.7 Other Modules 52
6 Segmentation of North America Market by Application 53
6.1 Market Overview by Application 53
6.2 Power 55
6.3 Industrial 56
6.4 Other Applications 57
7 North America Market 2021-2031 by Country 58
7.1 Overview of North America Market 58
7.2 U.S. 61
7.3 Canada 64
7.4 Mexico 66
8 Competitive Landscape 68
8.1 Overview of Key Vendors 68
8.2 New Product Launch, Partnership, Investment, and M&A 71
8.3 Company Profiles 72
ABB Ltd. 72
Atos SE 74
Eaton Corporation plc 75
Energy Exemplar 76
ETAP 77
Fuji Electric Co., Ltd. 78
General Electric Company (GE) 79
Neplan AG 80
OPAL-RT Technologies, Inc. 81
Open Systems International, Inc. (OSI) 82
PowerWorld Corporation 83
RTDS Technologies Inc. 84
Schneider Electric SE 85
Siemens AG 86
The MathWorks, Inc. 87
RELATED REPORTS 88
List of Tables
Table 1. Snapshot of North America Power System Simulator Market in Balanced Perspective, 2021-2031 16
Table 2. World Economic Outlook, 2021-2031 19
Table 3. Main Product Trends and Market Opportunities in North America Power System Simulator Market 28
Table 4. North America Power System Simulator Market by Component, 2021-2031, $ mn 36
Table 5. North America Power System Simulator Market by Product, 2021-2031, $ mn 41
Table 6. North America Power System Simulator Market by Module, 2021-2031, $ mn 45
Table 7. North America Power System Simulator Market by Application, 2021-2031, $ mn 53
Table 8. North America Power System Simulator Market by Country, 2021-2031, $ mn 59
Table 9. U.S. Power System Simulator Market by Component, 2021-2031, $ mn 63
Table 10. U.S. Power System Simulator Market by Module, 2021-2031, $ mn 63
Table 11. U.S. Power System Simulator Market by Application, 2021-2031, $ mn 63
Table 12. Canada Power System Simulator Market by Component, 2021-2031, $ mn 65
Table 13. Canada Power System Simulator Market by Module, 2021-2031, $ mn 65
Table 14. Canada Power System Simulator Market by Application, 2021-2031, $ mn 65
Table 15. Mexico Power System Simulator Market by Component, 2021-2031, $ mn 67
Table 16. Mexico Power System Simulator Market by Module, 2021-2031, $ mn 67
Table 17. Mexico Power System Simulator Market by Application, 2021-2031, $ mn 67
Table 18. ABB Ltd.: Company Snapshot 72
Table 19. ABB Ltd.: Business Segmentation 73
Table 20. ABB Ltd.: Product Portfolio 73
List of Figures
Figure 1. Research Method Flow Chart 10
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 13
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 15
Figure 4. North America Power System Simulator Market, 2021-2031, $ mn 17
Figure 5. Impact of COVID-19 on Business 20
Figure 6. Primary Drivers and Impact Factors of North America Power System Simulator Market 22
Figure 7. Primary Restraints and Impact Factors of North America Power System Simulator Market 25
Figure 8. Investment Opportunity Analysis 29
Figure 9. Porter’s Fiver Forces Analysis of North America Power System Simulator Market 32
Figure 10. Breakdown of North America Power System Simulator Market by Component, 2021-2031, % of Revenue 37
Figure 11. North America Addressable Market Cap in 2022-2031 by Component, Value ($ mn) and Share (%) 37
Figure 12. North America Power System Simulator Market by Component: Hardware, 2021-2031, $ mn 38
Figure 13. North America Power System Simulator Market by Component: Software, 2021-2031, $ mn 39
Figure 14. North America Power System Simulator Market by Component: Services, 2021-2031, $ mn 40
Figure 15. Breakdown of North America Power System Simulator Market by Product, 2021-2031, % of Sales Revenue 42
Figure 16. North America Addressable Market Cap in 2022-2031 by Product, Value ($ mn) and Share (%) 42
Figure 17. North America Power System Simulator Market by Product: Hardware in the Loop (HIL), 2021-2031, $ mn 43
Figure 18. North America Power System Simulator Market by Product: Power Hardware in the Loop (PHIL), 2021-2031, $ mn 44
Figure 19. Breakdown of North America Power System Simulator Market by Module, 2021-2031, % of Sales Revenue 46
Figure 20. North America Addressable Market Cap in 2022-2031 by Module, Value ($ mn) and Share (%) 46
Figure 21. North America Power System Simulator Market by Module: Load Flow, 2021-2031, $ mn 47
Figure 22. North America Power System Simulator Market by Module: Harmonics, 2021-2031, $ mn 48
Figure 23. North America Power System Simulator Market by Module: Short Circuit, 2021-2031, $ mn 49
Figure 24. North America Power System Simulator Market by Module: Arc Flash, 2021-2031, $ mn 50
Figure 25. North America Power System Simulator Market by Module: Device Coordination Selectivity, 2021-2031, $ mn 51
Figure 26. North America Power System Simulator Market by Module: Other Modules, 2021-2031, $ mn 52
Figure 27. Breakdown of North America Power System Simulator Market by Application, 2021-2031, % of Revenue 54
Figure 28. North America Addressable Market Cap in 2022-2031 by Application, Value ($ mn) and Share (%) 54
Figure 29. North America Power System Simulator Market by Application: Power, 2021-2031, $ mn 55
Figure 30. North America Power System Simulator Market by Application: Industrial, 2021-2031, $ mn 56
Figure 31. North America Power System Simulator Market by Application: Other Applications, 2021-2031, $ mn 57
Figure 32. Breakdown of North America Power System Simulator Market by Country, 2021 and 2031, % of Revenue 59
Figure 33. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 60
Figure 34. U.S. Power System Simulator Market, 2021-2031, $ mn 62
Figure 35. Canada Power System Simulator Market, 2021-2031, $ mn 64
Figure 36. Power System Simulator Market in Mexico, 2021-2031, $ mn 66
Figure 37. Growth Stage of North America Power System Simulator Industry over the Forecast Period 68
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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