Power system analysis software is used by power utilities for analysis, modeling and simulation of the electric system. This analysis offers number of features that help power utilities in the diagnostic and detection of abnormalities or any kind of defects. Furthermore, it provides 24/7 access to operational data, historic data, and trends. Power system analysis software is used to measure adequacy calculations between generation and network capacities.

The Global Power System Analysis Software market was valued for US$ 6922.7 Mn in 2021.

Market Dynamics

Rising demand for energy, and inefficiencies in current supply are expected to drive the growth of global power system analysis software market over the forecast period. The demand of the energy is expected to grow around 778 joule by 2035. Moreover, governments are tightening the rules and regulations to put more pressure on these power industries to meet the sustainable energy goals. For instance, according to European Energy Agency (EEA), European Union countries are expected to generate 20% of the energy from renewables in 2020 from 14% in 2014.

Increasing demand for electricity is expected to drive growth of the global power system analysis software market during the forecast period. Growing urbanization has led to increased demand for electricity worldwide, which in turn, has resulted in increased electricity production. According to Coherent Market Insights’ analysis, electricity production has increased at a CAGR of 9% from 2012-2016. Furthermore, it has compelled power utility companies across the globe to set up a network of power transmission lines as well as boost existing power transmission lines, grids, and related infrastructure, in order to obtain improved and more efficient electricity generation transmission and distribution. These factors are expected to drive growth of the global power system analysis software market during the forecast period.

Key features of the study:

• This report provides an in-depth analysis of the global power system analysis software market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global power system analysis software market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the global power system analysis software market are ABB Ltd., Electricity Coordinating Center Ltd., Siemens AG, Energy Exemplar, Atos SE, General Electric Company, Unicorn Systems, ETAP/Operation Technology, Inc., Operation Simulation Associates, Inc., Schneider Electric DMS NS, PSI AG, and Artelys SA.
• The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global power system analysis software market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global power system analysis software market.

Detailed Segmentation

• Global Power System Analysis Software Market, By Implementation Model:
  • On-premise
  • Cloud-based
• Global Power System Analysis Software Market, By Application:
  • Distribution
  • Transmission
• Global Power System Analysis Software Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
  • ABB Ltd.*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
  • Electricity Coordinating Center Ltd.
  • Siemens AG
  • Energy Exemplar
  • Atos SE
  • General Electric Company
  • Unicorn Systems
  • ETAP/Operation Technology, Inc.
  • Operation Simulation Associates, Inc.
  • Schneider Electric DMS NS
  • PSI AG
  • Artelys SA

“*” marked represents similar segmentation in other categories in the respective section.