Power System Analysis Software Market - Global Industry Analysis and Forecast 2015 - 2023

Albany, NY -- (SBWire) -- 11/06/2015 --Power system analysis software tool delivers valuable data to users that operate and design distribution systems and to utilities that take advantage of the innovative energy technologies. Power system analysis software incorporates the most superior modeling methods along with high performance algorithms to provide the best modeling to the end users. Studies pertaining to modeling and simulation are an integral part of power system analysis software. Power system analysis software is widely utilized in the power industry from the early days of digital computers. Furthermore, power system analysis software find growing application demand in the study of controllers design and testing, operation and stability of the system and operator training. Complete AC (alternating current) and DC (direct current) analysis, online simulation alerts, interactive graphical user interface, evaluation of protection and control systems and retrieve archived data for system analysis are some of the key features of power system analysis software.

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Power system analysis software market can be segmented based on the types of software used for power system analysis. Win integrated grounding system (IGS), OneLiner, Neplan, power factory, SynerGEE Electric, computer aided protection engineering (CAPE) software and EasyPower are few software that are used in power system analysis software market. Win IGS is software for integrated grounding system analysis that has a advanced graphical user interface (GUI) permitting simple and quick modeling of ground grids. OneLiner is a relay coordination program checks the rating of circuit against the short circuit current interruptions. Load flow, contingency analysis, short circuit, line parameter calculations, motor starting analysis, network reduction, investment analysis, harmonic analysis and reliability analysis are some of the major modules of Neplan software. Furthermore, power factory is windows based integrated power systems analysis and modeling package that includes some of the key functions such as fault analysis, power flow analysis, network reduction, stability analysis and protection analysis.

The regional segmentation of power system analysis software market can be done on the basis of implementation of power system software and leading power system software companies. Key countries include the U.S., Switzerland, Canada and Germany, wherein the U.S. is expected to have the largest economy in power system analysis software. Recently, developments of power system analysis software projects in North America have augmented the electricity generation. Furthermore, economic growth in countries such as Germany, South Korea and others is one of the major factors driving the demand for power system analysis software market.

Accurate analysis, improve system planning & design, recognition and correction of hidden problems, prevent interruption of power system, identification of the problems during power system operations, reduction in the design and commissioning time and designing of reliable and efficient power systems are some of the major benefits that are projected to drive power system analysis software market. Non provision of analysis capabilities required to study the change in the energy industry is one of the major restraints in power system analysis software market. Achieving international safety standards and reduction in the complexity of power system analysis software are some of the major requirements in power system analysis software market.

Some of the major players in power system analysis software market are Advanced Systems for Power Engineering, Inc., BCP Busarello AG, Commonwealth Associates Inc., CYME International, DIgSILENT GmbH, Energy Computer Systems, Electrocon Internatonal, DNV GL, ERA Technology, EasyPower LLC and GE Energy among others.

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