Global Power System Simulator Market, Forecast and Opportunities, 2025

PUBLISHED : OCTOBER 2020

2015 – 2025 GLOBAL POWER SYSTEM SIMULATOR MARKET

MARKET

INTELLIGENCE

.

CONSULTING

© TechSci Research

BY EQUIPMENT TYPE, BY BYBY REGION,

BY MODULE,

BY OFFERINGS, BYEND-USER, END USERS, REGION, COMPETITION, FORECAST AND OPPORTUNITIES COMPETITION, FORECAST AND OPPORTUNITIES

www.techsciresearch.com 1

Table of Contents S. No.

Contents

1.

Product Overview

2.

Research Methodology

3.

Impact of COVID-19 on Global Power System Simulator Market

4.

Executive Summary

5.

Voice of Customer

6.

Global Power System Simulator Market Outlook Market Size & Forecast 6.1.1.

6.2.

6.3.

7.

By Value

Market Share & Forecast 6.2.1.

By Module (Load Flow, Harmonics, Short Circuit, Device Coordination Selectivity, Others)

6.2.2.

By Offerings (Software, Hardware, Services)

6.2.3.

By End Users (Power, Industrial, Others)

6.2.4.

By Region (North America, Asia-Pacific, Europe, Middle East & Africa, South America)

6.2.5.

By Company (2019) Š TechSci Research

6.1.

Market Attractiveness Index

North America Power System Simulator Market Outlook 7.1.

Market Size & Forecast

2

Table of Contents S. No.

Contents 7.1.1

7.3.

Market Share & Forecast 7.2.1.

By Module

7.2.2.

By Offerings

7.2.3.

By End Users

7.2.4.

By Country

North America: Country Analysis

7.3.1.

United States Power System Simulator Market Outlook 7.3.1.1.

Market Size & Forecast 7.3.1.1.1.

7.3.1.2.

7.3.2.

Market Share & Forecast 7.3.1.2.1.

By Module

7.3.1.2.2.

By Offerings

7.3.1.2.3.

By End Users

Canada Power System Simulator Market Outlook 7.3.2.1.

Market Size & Forecast 7.3.2.1.1.

7.3.2.2.

7.3.3.

By Value

By Value

Market Share & Forecast 7.3.2.2.1.

By Module

7.3.2.2.2.

By Offerings

7.3.2.2.3.

By End Users

Š TechSci Research

7.2

By Value

Mexico Power System Simulator Market Outlook 7.3.3.1.

Market Size & Forecast

3

Table of Contents S. No.

Contents 7.3.3.1.1 7.3.3.2.

Market Share & Forecast

7.3.3.2.1.

By Module

7.3.3.2.2.

By Offerings

7.3.3.2.3.

By End Users

Asia-Pacific Power System Simulator Market Outlook 8.1.

Market Size & Forecast 8.1.1

8.2

8.3.

By Value

Market Share & Forecast 8.2.1.

By Module

8.2.2.

By Offerings

8.2.3.

By End Users

8.2.4.

By Country

Asia-Pacific: Country Analysis 8.3.1.

China Power System Simulator Market Outlook 8.3.1.1.

Market Size & Forecast 8.3.1.1.1.

8.3.1.2.

8.3.2.

By Value

Market Share & Forecast 8.3.1.2.1.

By Module

8.3.1.2.2.

By Offerings

8.3.1.2.3.

By End Users

Š TechSci Research

8.

By Value

India Power System Simulator Market Outlook 8.3.2.1.

Market Size & Forecast 8.3.2.1.1.

By Value

4

Table of Contents S. No.

Contents 8.3.2.2.

8.3.2.2.1.

By Module

8.3.2.2.2.

By Offerings

8.3.2.2.3.

By End Users

Japan Power System Simulator Market Outlook 8.3.3.1.

Market Size & Forecast 8.3.3.1.1.

8.3.3.2.

8.3.4.

Market Share & Forecast 8.3.3.2.1.

By Module

8.3.3.2.2.

By Offerings

8.3.3.2.3.

By End Users

South Korea Power System Simulator Market Outlook 8.3.4.1.

Market Size & Forecast 8.3.4.1.1.

8.3.4.2.

8.3.5.

By Value

By Value

Market Share & Forecast 8.3.4.2.1.

By Module

8.3.4.2.2.

By Offerings

8.3.4.2.3.

By End Users

Australia Power System Simulator Market Outlook 8.3.5.1.

Market Size & Forecast 8.3.5.1.1.

8.3.5.2.

By Value

Š TechSci Research

8.3.3.

Market Share & Forecast

Market Share & Forecast

8.3.5.2.1.

By Module

8.3.5.2.2.

By Offerings

8.3.5.2.3.

By End Users

5

Table of Contents S. No. Europe Power System Simulator Market Outlook 9.1.

Market Size & Forecast 9.1.1

9.2

9.3.

By Value

Market Share & Forecast 9.2.1.

By Module

9.2.2.

By Offerings

9.2.3.

By End Users

9.2.4.

By Country

Europe: Country Analysis 9.3.1.

Germany Power System Simulator Market Outlook 9.3.1.1.

Market Size & Forecast 9.3.1.1.1.

9.3.1.2.

9.3.2.

Market Share & Forecast 9.3.1.2.1.

By Module

9.3.1.2.2.

By Offerings

9.3.1.2.3.

By End Users

France Power System Simulator Market Outlook 9.3.2.1.

Market Size & Forecast 9.3.2.1.1.

9.3.1.2.

9.3.3.

By Value

By Value

Market Share & Forecast 9.3.1.2.1.

By Module

9.3.1.2.2.

By Offerings

9.3.1.2.3.

By End Users

Š TechSci Research

9.

Contents

United Kingdom Power System Simulator Market Outlook 9.3.3.1.

Market Size & Forecast 9.3.3.1.1.

By Value

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Table of Contents S. No.

Contents 9.3.3.2.

9.3.4.

Market Share & Forecast 9.3.3.2.1.

By Module

9.3.3.2.2.

By Offerings

9.3.3.2.3.

By End Users

Italy Power System Simulator Market Outlook 9.3.4.1.

Market Size & Forecast 9.3.4.1.1.

9.3.4.2.

9.3.5.

Market Share & Forecast 9.3.4.2.1.

By Module

9.3.4.2.2.

By Offerings

9.3.4.2.3.

By End Users

Spain Power System Simulator Market Outlook 9.3.5.1.

Market Size & Forecast 9.3.5.1.1.

9.3.5.2.

By Value

Market Share & Forecast 9.3.5.2.1.

By Module

9.3.5.2.2.

By Offerings

9.3.5.2.2.

By End Users

Middle East & Africa Power System Simulator Market Outlook 10.1.

Market Size & Forecast 10.1.1

10.2

Š TechSci Research

10.

By Value

By Value

Market Share & Forecast

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Table of Contents S. No.

Contents

By Module

10.2.2

By Offerings

10.2.3

By End Users

10.2.4

By Country

Middle East & Africa: Country Analysis 10.3.1

Saudi Arabia Power System Simulator Market Outlook

10.3.1.1.

Market Size & Forecast 10.3.1.1.1.

10.3.1.2.

10.3.2

Market Share & Forecast 10.3.1.2.1.

By Module

10.3.1.2.2.

By Offerings

10.3.1.2.3.

By End Users

UAE Power System Simulator Market Outlook 10.3.2.1.

Market Size & Forecast 10.3.2.1.1.

10.3.1.2.

10.3.3

By Value

By Value

Market Share & Forecast 10.3.1.2.1.

By Module

10.3.1.2.2.

By Offerings

10.3.1.2.3.

By End Users

South Africa Power System Simulator Market Outlook 10.3.3.1.

Market Size & Forecast 10.3.3.1.1.

10.3.3.2.

Š TechSci Research

10.3.

10.2.1

By Value

Market Share & Forecast 10.3.3.2.1.

By Module

8

Table of Contents S. No.

10.3.3.2.2.

By Offerings

10.3.3.2.3.

By End Users

South America Power System Simulator Market Outlook 11.1.

Market Size & Forecast 11.1.1

11.2.

11.3.

By Value

Market Share & Forecast 11.2.1

By Module

11.2.2

By Offerings

11.2.3

By End Users

11.2.4

By Country

South America: Country Analysis 11.3.1

Brazil Power System Simulator Market Outlook 11.3.1.1.

Market Size & Forecast 11.3.1.1.1.

11.3.1.2.

By Value

Market Share & Forecast 11.3.1.2.1.

By Module

11.3.1.2.2.

By Offerings

11.3.1.2.3.

By End Users

Š TechSci Research

11.

Contents

9

Table of Contents S. No.

Contents 11.3.2

Argentina Power System Simulator Market Outlook 11.3.2.1.

Market Size & Forecast 11.3.2.1.1.

11.3.2.2.

11.3.3

Market Share & Forecast

11.3.2.2.1.

By Module

11.3.2.2.2.

By Offerings

11.3.2.2.3.

By End Users

Colombia Power System Simulator Market Outlook 11.3.3.1.

Market Size & Forecast 11.3.3.1.1.

11.3.3.2.

By Value

Market Share & Forecast 11.3.3.2.1.

By Module

11.3.3.2.2.

By Offerings

11.3.3.2.3.

By End Users

Market Dynamics 12.1.

Drivers

12.2.

Challenges

13.

Market Trends and Developments

14.

Competitive Landscape 14.1.

Š TechSci Research

12.

By Value

Competition Outlook 14.1.1.

ABB Limited

14.1.2.

Eaton Corporation

14.1.3.

Siemens AG

10

Table of Contents Contents 14.1.4.

General Electric Company

14.1.5.

Schneider Electric.

14.1.6.

The Math Work, Inc.

14.1.7.

Open System International Inc.

14.1.8.

Fuji Electric Co. Ltd.

14.1.9.

PowerWorld Corporation

14.1.10.

RTDS Technologies Inc.

15.

Strategic Recommendations

16.

About Us & Disclaimer

© TechSci Research

S. No.

11

© TechSci Research

Product Overview

12

Product Overview

Electrical power system simulation involves power system modelling and network simulation in order to analyze electrical power systems using offline or real-time data. Power System simulator is used for modelling power generation equipment, planning the integration of power plants onto the electric grid, and performing generator control system parameter estimation. It is a software tool used by various power system engineers to simulate electrical power transmission, generation and distribution for round-theclock maintenance and is helpful in reducing the overall downtime of the projects.

Market Segmentation

BY OFFERINGS

BY MODULE •

Load Flow

•

Software

•

Harmonics

•

Hardware

•

Short Circuit

•

Services

•

Device Coordination

BY REGION

BY END USERS Power

•

Industrial

•

Others

2015 – 2018

2019

Others

•

Review Period

Base Year

Selectivity •

Year Range

•

North America

•

Asia-Pacific

•

Europe

•

Middle East & Africa

•

South America

Estimated Year

2020 Forecast Period

© TechSci Research

POWER SYSTEM SIMULATOR MARKET

2021 – 2025

13

Š TechSci Research

Research Methodology

14

Research Methodology

In-depth secondary research was conducted to determine top players in global power system simulator market, overall market size and segmental market share.

Formulating Questionnaire

In order to conduct industry experts’ interviews, TechSci formulated a detailed questionnaire.

Data Collection

Developing List of Respondents

List of industry players, distributors, and industry specialists was developed.

TechSci Research conducted interviews with industry experts and industry players for data collection and verification.

Data obtained as a result of primary and secondary research was validated through rigorous triangulation.

Primary Research ✓ ✓ ✓

Questionnaire Design In-depth Interviews

Data Collection

Data Filter Research & & Analysis Intelligence

Actionable Insights

Business Solution

✓

Company Analysis

✓

Recent Developments

✓

Market Participants

✓

Market Changing Aspects/Dynamics

✓ ✓

Key Strengths Product Differentiation

✓

Government Policies

✓

Final Conclusion

Secondary Research

Primary Research TechSci Internal Database LinkedIn

The data was scrutinized using MS-Excel and statistical tools such as Time Series Analysis, etc. to obtain qualitative and quantitative insights about global power system simulator market.

Desk Research

Identifying Key Opinion Leaders

✓

Data Analysis

Data Validation

✓ ✓ ✓ ✓ ✓ ✓ ✓

Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc.

Paid Sources

✓ ✓

Factiva Hoovers

© TechSci Research

Market Profiling

15

Research Methodology

Baseline Methodology: For the study, TechSci Research has gathered information through primary research surveys with leading global power system simulator companies. We have also put through an exhaustive search of credible paid databases such as Businessweek, Factiva, etc., including our internal database. Our team of analysts has then prudently evaluated all the collected information and presented the same in chronological order to depict a meaningful and clear picture of the global power system simulator market.

While compiling the data, we have also cross-checked all the collected information from multiple sources and data warehouses,

to present the most accurate and precise information of the concerned industry.

Sampling Technique: While conducting the study, TechSci Research followed the stratified random sampling technique to shortlist the Key Opinion Leaders (KOLs) in various power distribution automation companies operating globally. KOLs based out of prominent power

system simulator players were interviewed to assess the global power system simulator market.

Sample Size: No. of Respondents

Mid to Senior Management, Sales Managers, etc., of power distribution automation.

Manufacturer/Service Provider Companies/Dealers & Distributors

50

Government

20

Industry Experts

30

Total

Š TechSci Research

Type of Respondents

100

16

Research Methodology Market Size Calculation Technique: Primary Research For the preparation of ‘global power system simulator market’ report, bottom-up model has been used, which has been later cross validated by using top-down approach. TechSci Research interviewed senior sales managers and regional managers of the prominent power system simulator companies using Delphi technique for calculating the global power system simulator market size. Respondents were also asked about the current and future growth rates, market share by module, by offerings, by end users, by region etc. All the information gathered was carefully analyzed, and data points which exhibited high deviations from the majority estimates were eliminated as outliers and the remaining refined data points were put together to arrive at the final market size and shares data presented in the report.

S. No.

Names of Companies and/or their Dealers Interviewed

1.

ABB Ltd.

2.

Eaton Corporation

3.

Siemens Ag

4.

General Electric Company

5.

Schneider Electric

6.

Open System International Inc.

7.

Fuji Electric Co. Ltd.

8.

The Math Works, Inc.

9.

PowerWorld Corporation

10.

RTDS Technologies inc.

© TechSci Research

Primary Research – Few of the Companies and/or their Dealers Interviewed

17

Research Methodology Secondary Research: We have put through an exhaustive search of credible paid databases such as Factiva, OneSource etc., in addition to our internal database. Further analysis of credible publications, white papers, company annual reports, investor presentations, news articles, etc., were also analyzed to cross validate the end findings derived from primary research.

S. No.

Few of the Secondary Sources

1.

Company Websites

2.

International Energy Agency

3.

World Bank

4.

International Monetary Fund

5.

Annual Reports & Investor Presentations

Forecasting Technique: The team has developed forecast on the basis of econometric and judgemental analysis in addition to statistical techniques such as averaging and geometric mean. During primary research interviews, questions regarding historical market trend of power system simulator market globally were put forward. Respondents were asked about the current and future growth rates, market share of power system simulator companies globally. In order to forecast the global power system simulator market,

• • •

Time Series Analysis Econometric and Judgmental Analysis Moving Average

Note: Addition of some market shares may not be exactly 100% as the numbers are rounded off till two decimal places.

18

© TechSci Research

following forecast techniques were used:

Industry Brief

According to TechSci Research report, “Global Power System Simulator Market By Module, By Offerings, By End-Users, By Region, Competition, Forecast & Opportunities, 2025”, the global power system simulator market is projected to surpass $ 1.38 billion by 2025 due to rising investments in renewable energy such as solar & wind energy coupled with increasing focus on improving power generation capabilities and reducing overall project downtime through the use of IoT and cloud based platforms across the globe.

The global power system simulator is segmented based on module, offerings, end-users, and region. Based on module, the market is categorized into Load Flow, Device Coordination Selectivity, Short Circuit, Harmonics, and Others, wherein the Load Flow segment is expected to lead the market, followed by Harmonics segment during the forecast period. Based on offerings, the market is categorized into Hardware, Software and Services segments. Out of these, the Software category accounted for the largest share due to the rising IoT investments as well as increasing advancements into the existing software to achieve higher efficiency.

Based on end user segmentation, the market is segmented into Power, Industrial and Others. Power segment is expected to dominate the market during the forecast period due to huge and rising investments in renewable energy and increasing power generation capabilities. Some of the major players operating in the global power system simulator market include ABB Ltd., Eaton Corporation, Siemens AG, General Electric Company, Schneider Electric, Open System International Inc., Fuji Electric Co. Ltd., The Math Works Inc., Powerworld Corporation, RTDS Technologies Inc., etc. Leading players are adopting several competitive strategies including new technological developments; mergers & acquisitions; agreements, partnerships, and collaborations in order to strengthen their market position. However, the global economic downturn, spread of COVID-19 pandemic and high risk of data security are few of the major challenges that are expected to restrict market growth in the coming years.

© TechSci Research

“Booming growth in the power sector coupled with expansion of power generation capacity across the globe is anticipated to propel the global power system simulator market in the coming years. Increasing adoption of IoT based platforms as well as rising power generation through renewable sources such as solar and wind energy will also energize the market over the course of next five years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

19

Sample Data - Snapshot Global Power System Simulator Market Size, By Value, 2015-2025F (USD Million) CAGR (2015-2019)

By Value: xx%

2015

2016

2017

CAGR (2020E-2025F)

By Value: xx%

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

North America Power System Simulator Market Share, By Module, By Value, 2015-2025F

Load Flow

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

5.00%

5.00%

5.00%

5.00%

5.00%

5.00%

5.00%

5.00%

5.00%

5.00%

5.00%

Harmonics

10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%

Short Circuit

15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%

Device Coordination Selectivity 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Others

50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

Software

20.00%

20.00%

20.00%

20.00%

20.00%

20.00%

20.00%

20.00%

20.00%

20.00%

20.00%

Hardware

30.00%

30.00%

30.00%

30.00%

30.00%

30.00%

30.00%

30.00%

30.00%

30.00%

30.00%

Services

50.00%

50.00%

50.00%

50.00%

50.00%

50.00%

50.00%

50.00%

50.00%

50.00%

50.00%

Š TechSci Research

North America Power System Simulator Market Share, By Offerings, By Value, 2015-2025F

20

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models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand.

However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.