"Smart Strategies, Giving Speed to your Growth Trajectory"

Power System Analysis Software Market Size, Share & Industry Analysis, By Deployment (Cloud, On-premises), By Application (Electric Power Distribution, Electric Power Transmission, Electric Power Generation, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104807 | Status : Ongoing

 

KEY MARKET INSIGHTS

Power system analysis software measures the behavior and performance of the power systems under different operating conditions. The rapidly growing and changing power industry requires advanced tools and software to accurately determine power infrastructure equipment life. With efficient planning and measurement tools, the industry can increase productivity, lower equipment repairs, and low investment. The power system analysis software helps in reducing energy loss during electricity generation, distribution, and transmission. The increasing awareness regarding energy consumption is expected to drive the power system analysis software market. The software helps the energy provider with improved services in transmitting and distributing the power. This is likely to boost the demand for power system analysis software.


The growing population and industrialization are surging the demand for power. To cater to the rising need for power, the suppliers are focusing on detecting and monitoring energy loss. This is likely to drive the demand for power system analysis software. The increasing adoption of smart meter, smart grids, and other smart power technologies is likely to drive the software demand. Further, the rising government policies and regulations for energy management is expected to propel the growth of power system analysis software market during forecast period.

Key Market Driver -

• Shift towards Industry 4.0 is likely to drive power supply analysis software market growth • Increasing adoption of smart power technology to boost the demand for power system analysis software

Key Market Restraint -

• High cost to build a simulation model is likely to hamper the market growth


Key Players Covered:


Some of the key players in the global power system analysis software market are ABB Ltd., General Electric Company, Siemens AG, ETAP/Operation Technology Inc., PSI AG, Eaton Corporation plc, Unicorn Systems, Electricity Coordinating Center Ltd., Open Systems International Inc. Neplan AG, Electrocon International Inc., Schneider Electric DMS NS, Artleys SA, Energy Exemplar, Atos SE, Nexant Inc., Pöyry, PowerWorld Corporation, DIgSILENT GmbH among others. The key companies are expanding business with strategic partnership and collaboration. The players are highly investing in research and development for advancing the power supply systems.

Regional Analysis


Asia Pacific is expected to gain rapid growth during the forecast period owing to increasing urbanizations in the leading countries such as China, India, Australia and Japan. The highly populated countries such as China and India are witnessing significant surge in the power supply demand. This is driving the demand for the adopting the solutions to reduce energy losses. China is expected to dominate the region during the forecast period. The significant presence of industries such as manufacturing, automotive, chemical and more are driving the demand for power supply analysis software. India is expected to gain growth during the forecast period owing to increasing adoption of smart city projects across the country. According to India Macro Adviser’s 2019 report Power in India, almost 20% of energy is lost while power distribution. This is likely to drive the demand for the power supply analysis software.

North America to dominate the market share during the forecast period. The increasing implementation of smart electricity solutions is likely to accelerate the demand for the software. The US is likely to gain traction owing to increasing investments in energy saving solutions. The government of Canada has invested USD 182 million on Energy Efficient Buildings Program. Such investments by government would fuel the growth of the power supply analysis software market. Similarly, the Middle East & Africa and Latin America are expected to exhibit steady growth during the forecast period.

To gain extensive insights into the market, Request for Customization


Segmentation






















 ATTRIBUTE

  DETAILS

By Deployment



  • Cloud

  • On-premises



By Application



  • Electric Power Distribution

  • Electric Power Transmission

  • Electric Power Generation

  • Others



By Geography



  • North America (United States, Canada, and Mexico)

  • South America (Brazil, Argentina, and Rest of South America)

  • Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe)

  • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of the Middle East & Africa)

  • Asia Pacific (Japan, China, India, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)



Key Industry Developments



  • August 2019 – ABB Ltd collaborated with Hitachi Ltd to provide Ability Network Manager Market Management System (MMS) solution to Hitachi to balance electricity system in Japan. This is expected to provide reliable and efficient power supply. The partnership supports Japan’s vision for smarter and greener grid with advanced electric power systems.

  • June 2018 – General Electric Company’s Power Grid Solutions business partnered with Tata Power Delhi Distribution to launch Advanced Distribution Management Solution (ADMS) in India. The new ADMS will offer improved control & planning operations, advanced monitoring, analysis to the Tata Power distribution network





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Information & Technology Clients

Go daddy
Google
huawei
Hitachi
Lg

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X