DUBLIN--(BUSINESS WIRE)--The "Power System Simulator - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
According to the report, the market accounted for $900.59 million in 2017 and is expected to reach $1,838.64 million by 2026 growing at a CAGR of 8.2%.
Growing demand for Cloud and IoT platforms, growing number of power sectors, huge investment in smart power technologies are some of the factors driving the market. In addition, advancements of smart cities, increasing smart manufacturing facilities in developing countries are some of the major opportunities fuelling the market. However, sluggish growth of oil & gas industries and lack of data security are inhibiting the market growth.
The demand for power sector is witnessing huge growth and the growth is attributed to rising huge investments in renewable energy, increasing power generation capacities and increasing investments in emerging countries. On the other hand, on-premise implementation has acquired largest market share as these implementation model provides high quality system uptime for servers which are owned at power utilities' buildings.
North America is dominating the power system simulator with huge investments in smart grid systems. Asia Pacific is leading the market and the factors fuelling the growth in this region are rapid urbanization and huge population base with energy needs in China, India and Japan.
Key Topics Covered
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Power System Simulator Market, By Implementation Model
6 Global Power System Simulator Market, By Module
7 Global Power System Simulator Market, By Offering
8 Global Power System Simulator Market, By Application
9 Global Power System Simulator Market, By End User
10 Global Power System Simulator Market, By Geography
11 Key Developments
12 Company Profiling
- Neplan
- Schneider Electric
- ABB
- GE
- Siemens
- Mathworks
- Eaton
- Powerworld
- Rtds Technologies
- Opal-RT
- ETAP
- OSI
For more information about this report visit https://www.researchandmarkets.com/research/tb4vv3/power_system?w=4
