Key Market Trend
Increase in the growth of environmental concerns regarding existing electricity ecosystem
Increase in accommodation of the distributed power generation from renewable sources
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Market Opportunities
1.Increased demand for constant and uninterrupted electric power supply can present major growth opportunities
2.Rising investments in smart power technology will provide major business opportunities
Statistcs:
The global power system analysis software market was valued at US$ 5,598.5 Mn in 2019 and is forecast to reach a value of US$ 14715.3 Mn by 2027 at a CAGR of 12.8% between 2020 and 2027.
Key Players
ABB Ltd.*
Electricity Coordinating Center Ltd.
Siemens AG
Energy Exemplar
Atos SE
General Electric Company
Unicorn Systems
General Electric Company
ETAP/Operation Technology, Inc.
Operation Simulation Associates, Inc.
Schneider Electric DMS NS
PSI AG
Artelys SA
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Market Segmentation:
By Implementation Model: On premise, Cloud-based.
By Application: Distribution, Transmission.