Harrisburg, NC -- (SBWIRE) -- 03/16/2019 -- Global Power System Analysis Software Market Size, Status and Forecast 2019-2025
Power system analysis software facilitates utility companies to minimize loss of energy during electricity generation and electricity distribution, thereby optimizing operational efficiency. Due to incessant energy consumption along with challenges in energy production, utility providers are increasingly shifting towards power system analysis software to analyze data collected from smart power systems.
The increasing investment in smart power technologies is the primary factor boosting the global power system analysis software market. Apart from this, advancements in Big Data analytics and Internet of Things is also a major factor boosting the demand for power system analysis software. Furthermore, energy conservancy property of the software is gathering the attention of governments across the world for long-term energy security, which is another factor fuelling the market's growth.
The Global Power System Analysis Software market be worth US$11,585.7 mn by 2025, expanding at a CAGR of 12.7% between 2017 and 2025.
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Top Leading Companies are: ABB,Siemens,General Electric,Schneider Electric,Eaton,Etap Operation Technology,Atos SE,Artelys SA,PSI AG,Operation Simulation Associates,Unicorn Systems,Energy Exemplar,Electricity Coordinating,PowerWorld Corporation,Open Systems International,Nexant,Electrocon International,Poyry,DIgSILENT GmbH,Neplan AG
In terms of implementation, the global market for power system analysis software is divided into on-premise and cloud-based models. Of the two, on-premise led the market in 2015 accounting for almost 82% revenue of the overall power system analysis software market. The on-premise implementation segment is expected to rise at a CAGR of 12.3% between 2016 and 2024. The on-premise model offers better system uptime as servers are owned and maintained at the power utilities' buildings, which is one of the key factors for the lead position of the segment.
Contents of the 15 Chapters for This Power System Analysis Software Market Study:-
Chapter 1, to describe Power System Analysis Software Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Power System Analysis Software , with sales, revenue, and price of Power System Analysis Software , in 2017 and 2019;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2017 and 2019;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Power System Analysis Software, for each region, from 2013 to 2019;
Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2019;
Chapter 12, Power System Analysis Software market forecast, by regions, type and application, with sales and revenue, from 2019 to 2025;
Chapter 13, 14 and 15, to describe Power System Analysis Software sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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Power System Analysis Software Market, by Type:
On-premise
Cloud-based
Power System Analysis Software Market, by End User:
Distribution Station
Transmission Station
Other
Region-wise, North America is the leading contributor to the power system analysis software market. The region held almost 33.0% of the revenue in the global market in 2015. This is mainly due to massive investments in smart grid systems. Furthermore, ongoing efforts in Canada to upgrade its electricity infrastructure with the objective to minimize energy loss during production and transmission is expected to have a positive impact on the power system analysis software market in the coming years.
However, rapid urbanization in emerging economies of Asia Pacific is expected to bode well for the growth of this regional market. In Asia Pacific, countries such as China, India, Japan, South Korea, and Australia are the leading domestic markets with large populations and high unmet energy needs.
The report will make detailed analysis mainly on the development environment, Market size, development trends, operation situation and future development trends of Power System Analysis Software Market on the basis of current situation of the industry in 2019 so as to make full comprehension and judgment on the competitive situation of Power System Analysis Software Market Carrier and assist manufacturers and investment organization to better grasp the development course of Power System Analysis Software Market.
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Important attributes of the report:
The 360-degree Power System Analysis Software overview based on a global and regional level.
Market share, value, volume, and production capacity is analyzed on global, regional and country level.
A complete and useful guide for new market aspirants.
Forecast information will drive strategic, innovative and profitable business plans.
SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations.
Lastly, the research methodology and data sources are offered in this report.
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