Recent Research on Power System Analysis Software Market with Forecast by 2024

Rising demand for electric power and growing smart power technologies have led to increased demand for power systems analysis software. The market for power system analysis software is anticipated to expand at a CAGR of 12.6% during the forecast period from 2016 to 2024. The global power system analysis software market was valued at US$ 3,540.4 Mn in 2015.


Albany, NY -- (SBWIRE) -- 04/22/2016 -- This report aims to provide a comprehensive strategic analysis of the global power system analysis software market along with revenue and growth forecasts for the period from 2014 to 2024. The deployment of this software enables utility providers to optimize their efficiency and minimize losses occurring in electricity generation and distribution. Data is generated from smart components such as meters, automated distribution systems, and sensing and measurement devices; this is then transmitted to the utility station for further predictive analysis. Through such predictive analysis, utility providers seek to cater to the ever-increasing demand for electricity more efficiently and with optimum returns on investment (ROI). This is one of the most important drivers for the growing deployment of power system analysis software around the world.

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This research study on the global power system analysis software market provides a detailed analysis of how this software is deployed in distribution and transmission networks. The report offers an in-depth study of the market drivers, restraints, and growth opportunities. Using these factors, the report identifies various trends expected to impact the market during the forecast period from 2016 to 2024. It includes a comprehensive coverage of the underlying economic, environmental, and technological factors influencing the power system analysis software market. It provides the competitive landscape of key players in the power system analysis software market in order to highlight the state of competition therein. The report also provides a detailed competitive analysis of the key players in the power system analysis software market and identifies the various business strategies adopted by them. The study explains the penetration of each market segment within various geographies, and how these segments have accelerated the growth of the market as a whole.

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The market for power system analytics software is segmented based on implementation models and applications. On the basis of the implementation model, the market is segmented into on-premise and cloud-based software. Based on the applications, the market is segmented into distribution and transmission. Geographically, the global market for power system analysis software has been segmented into five regions: North America, Europe, Asia Pacific, Middle East and Africa (MEA), and Latin America. The market size and forecast for each region has been provided for the period from 2014 to 2024 along with the CAGR (%) for the forecast period from 2016 to 2024. The study also includes qualitative analysis of the competitive scenario for major countries/regions in these geographical segments.

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The report includes an overview of the market strategies, annual revenues, and the recent developments of key companies operating in the market. The key market participants profiled in this study include ABB Ltd., Siemens AG, General Electric Company, Schneider Electric DMS NS, ETAP/Operation Technology, Inc., Atos SE, Artelys SA, PSI AG, Operation Simulation Associates, Inc., Unicorn Systems, Energy Exemplar, Electricity Coordinating Center Ltd., PowerWorld Corporation, Open Systems International, Inc., Nexant Inc., Electrocon International Inc., Pöyry, DIgSILENT GmbH, Eaton Corporation Plc, and Neplan AG.

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