Key features of the study:
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global power system analysis software market.
Market Trends:
Focusing on Growth in environmental concerns regarding existing electricity ecosystem
Accommodating 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. For instance, in 2003, a power outage in Italy affected 50 million people for more than 12 hours.
2.Rising investments in smart power technology will provide major business opportunities.
Key Developments
1. In order to gain a competitive edge in the market, major companies of the market are focused on contracts and agreements. For instance, in August 2019, ABB Ltd. entered into contract with Hitachi to provide software solution for electricity balancing market system.
2. In order to enhance the market presence, key players are involved in contracts and agreements. For instance, in May 2017, Siemens AG entered into an agreement with African countries Uganda and Sudan. The Memoranda of Understanding states that the company would help these countries in the areas of power supply industry, transportation and healthcare.
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
Geographics Covered:
North America: U.S., Canada
Latin America: Brazil, Argentina, Mexico, Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
Middle East: GCC Countries, Israel, Rest of Middle East
Africa: South Africa, North Africa, Central Africa
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Market Segmentation:
By Implementation Model: On premise, Cloud-based.
By Application: Distribution, Transmission.