Power System Analysis Software Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Growing Infrastructure Development to boost the demand for Power System Analysis Software Market

The power system analysis software market worldwide is expected to grow with a CAGR of 9.8% throughout the prediction period from 2021 to 2029, starting from US$ 4.34 Bn in 2020. Rising need for energy generation and increasing penetration of big data analytics are the major reasons driving the market growth. Growing demand for sustainable energy will also gave boost to the market demand. Increased government investments for electricity infrastructure will also give boost to the market growth. Technical advancements in IOT will also surge the market demand. Consequently, we assume that the market will show significant growth during the forecast period.

Cloud-based Segment to be the Fastest Growing Segment

The power system analysis software market by deployment type was led by on-premise segment in 2020. The on-premise segment had nearly 2/3rd of the market share in the same year. Offering improved system uptime and rising data centers are some of the factors due to which on-premise segment has its dominance in 2020. On the other flip, we presume that cloud-based segment to be the fastest growing segment throughout the forecast period. Low cost, easy availability are some of the benefits driving the demand for the segment. Increased internet penetration worldwide will be another major factor for the segment growth. Hence, we assume that cloud-based segment will be the fastest growing segment during the forecast period.

Asia Pacific to be the Fastest Growing

In 2020, North America dominated the power system analysis software market. North America contributed to around 1/3rd of the global market revenue share in the same year. North America enjoys strong market position due to robust investments in smart grid systems and rising electricity infrastructure in the region. On the other hand, we assume that Asia Pacific region to be the fastest rising owing to rising government investments for electricity infrastructure and growing technological adoption in the region. Rapid urbanization in the emerging economies such as China and India will also boost the market in Asia Pacific. As a result, we project that Asia Pacific be the fastest growing during the estimate period.

Some of the prominent players operating in the power system analysis software market ABB Ltd., General Electric Company, ETAP/Operation Technology Inc., PSI AG, Unicorn Systems, Electricity Coordinating Center Ltd., Open Systems International Inc., Electrocon International Inc., Eaton Corporation plc, Siemens AG, Schneider Electric DMS NS, Atos SE, Artleys SA, Energy Exemplar, PowerWorld Corporation, Nexant Inc., Pöyry, Neplan AG, and DIgSILENT GmbH among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Report Scope by Segments

The power system analysis software market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global power system analysis software market based on deployment model, application and geography. Key segments covered in the report are as follows:

Deployment Model (2019-2029; US$ Bn)

• Cloud-based
• On-premise

Application (2019-2029; US$ Bn)

• Distribution
• Transmission

Geography Segment (2019-2029; US$ Bn)

• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

• What was the market size of power system analysis software in 2020 and forecast up to 2029?
• Which is the largest regional market for power system analysis software?
• What are the major trends followed in overall power system analysis software across different regions?
• Who are the key power system analysis software companies leading the market?
• What are the key strategies adopted by the leading power system analysis software companies in market?

Unique data points of this report

• Recent trends across different regions in terms of adoption of power system analysis software across various applications
• Notable developments going on in power system analysis software market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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