Dec 22, 2017   SOURCE: BusinessWire

Global 2017 $836 Million Power System Simulator Market by Module, Offering, End-User, and Region - Global Forecast to 2022 - Research and Markets

The "Power System Simulator Market by Module, Offering, End-User, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering

The power system simulator market is projected to grow from an estimated USD 836.1 million in 2017 to USD 1,180.6 million by 2022, at a CAGR of 7.14%, from 2017 to 2022.

The booming power sector and augmented power generation capacities and reduced overall project time and cost are driving the market across the world. Risk to data security is a restraint for the power system simulator market.

The software segment is expected to dominate the power system simulator market during the forecast period. The upgradation of existing software and increased use of IoT and cloud platforms are the major drivers of the software segment of the power system simulator market. North America is expected to be the largest and the Middle East the fastest-growing software power system simulator market.

Europe is the second-largest market for power system simulators after North America. Government incentives for manufacturing industries would enhance investments and increase the need for power. This would boost the demand for power system simulators in Europe. Russia and the UK are expected to grow at a fast pace during the forecast period.

The leading players in the power system simulator market are ABB (Switzerland), Schneider Electric (France), Siemens AG (Germany), GE (US), and ETAP (US).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Power System Simulator Market, By Module

7 Power System Simulator Market, By Offering

8 Power System Simulator Market, By End-User

9 Power System Simulator Market, By Region

10 Competitive Landscape

11 Company Profiles

  • ABB
  • Eaton
  • ETAP
  • GE
  • Mathworks
  • Neplan
  • Opal-RT
  • OSI
  • Powerworld
  • Rtds Technologies
  • Schneider Electric
  • Siemens

For more information about this report visit https://www.researchandmarkets.com/research/hl3llq/global_2017_836?w=4