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# Power System Simulators - Global Market Trajectory & Analytics

• ID: 4805701
• Report
• September 2020
• Region: Global
• 527 pages
• Global Industry Analysts, Inc
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The global market for Power System Simulator is projected to reach US\$1. 3 billion by 2025, driven by the growing focus shed on optimizing performance of electrical power systems at a time when energy efficiency is pinned to a sustainable future. In electric power generation facilities, significant power is lost on the grid as power repeatedly switches between wires, different voltages, and is converted from AC to DC and vice versa. Approximately 65% of energy consumed to generate electricity is wasted as conversion losses. Simulation helps analyze the power system and its behavior in hypothetical scenarios to identify opportunities for improvement in the real world. Power systems simulation programs use mathematical optimization techniques like quadratic programming, linear programming and mixed integer programming. Few of the elements for simulation include cable ampacity analysis; DC auxiliary power system analysis; Ground mat analysis; Harmonic analysis; Motor-starting analysis; Protective device coordination analysis; Short-circuit analysis; Stability analysis; Switching transients analysis. The basic premise of using simulation for a real power system is to observe and transform the system in a model, which involves formulating mathematical equations to describe a phenomenon. Power systems simulation programs use mathematical optimization techniques like quadratic programming, linear programming and mixed integer programming. An important aspect of power system modeling/ simulation is the proper selection of hypotheses and simplifying the way in which proper balance accuracy and computational cost are achieved. Major elements of electrical power systems for which modeling/simulation is undertaken include cable ampacity analysis, dc auxiliary power system analysis, ground mat analysis, harmonic analysis, motor-starting analysis, protective device coordination analysis, reliability analysis, short-circuit analysis, stability analysis, switching transients analysis.

Competitors identified in this market include, among others:
• ABB
• Eaton Corporation, Inc.
• ETAP
• Fuji Electric Co., Ltd.
• GE Energy Consulting
• Neplan AG
• RTDS Technologies, Inc.
• Siemens AG
• The MathWorks, Inc.
• Opal-RT Technologies, Inc.
• PowerWorld Corporation.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
• Impact of Covid-19 and a Looming Global Recession
• An Introduction to Power System Simulation
• Power System Simulator Market: Healthy Growth Prospects
• Software: The Largest Segment
• Power Sector Fuels Need for Power System Simulators
• North America Dominates Global Market
• Competition
• Recent Market Activity
2. FOCUS ON SELECT PLAYERS
• ABB (Switzerland)
• Eaton Corporation, Inc. (USA)
• ETAP (USA)
• Fuji Electric Co., Ltd. (Japan)
• GE Energy Consulting (USA)
• Neplan AG (Switzerland)
• Siemens AG (Germany)
• The MathWorks, Inc. (USA)
• PowerWorld Corporation (USA)
3. MARKET TRENDS & DRIVERS
• Robust Increase in Power Sector and Growth in Power Generation Capacities Drive Need for Power System Simulators
• Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
• Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
• Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
• High Growth Potential of Renewable Energy Sector to Fuel Market Growth
• Global Solar Power Market: Solar PV Capacity (in GW) and PV Generation (in TWh) for the Years 2017, 2019, 2021 and 2023
• Global Wind Power Market: Cumulated Installed Capacity (in GW) for the Years 2012 through 2018
• Global Renewable Energy Investments in US\$ Billion: 2018 & 2030
• Global Renewable Capacity Growth by Technology over the Period 2019-2024
• Growing Importance of Real-time Digital Power System Simulations for Power Systems Design & Scheduling
• A Glance at Select Real Time Digital Simulators
• Real Time Simulation Offers Support for Smart Grid Deployments
• Cloud Platforms and IoT Adoption in Power System Simulators
• Arc Flash Simulation Studies: Essential to Prevent and Mitigate Hazards Related to Arc Flash Events
• Investment Scenario in Mining & Metals Sector Influences Market Growth
• Product Segmentation by Module: Definitions
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

JAPAN

CHINA

EUROPE

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
• Total Companies Profiled: 34
Note: Product cover images may vary from those shown