North America Power System Simulator Market 2021-2031

North America power system simulator market is projected to grow by 6.8% annually in the forecast period and reach $719.3 million by end of the year 2031.

North America power system simulator market is projected to grow by 6.8% annually in the forecast period and reach $719.3 million by 2031, driven by the rising necessity for renewable sources of energy such as solar and wind energy, rising investments into power infrastructure, growing demand for cost saving and improved efficiency, and the surging adoption of IoT as well as cloud-based platforms. Highlighted with 20 tables and 37 figures, this 88-page report “North America Power System Simulator Market 2021-2031 by Component (Hardware, Software, Services), Product (HIL, PHIL), Module (Load Flow, Harmonics, Short Circuit, Arc Flash, Device Coordination Selectivity, Others), Application (Power, Industrial, Others), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America power system simulator market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

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In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America power system simulator market in every aspect of the classification from perspectives of by Component, Product, Module, Application, and Country. Based on Component, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. • Hardware • Software • Services Based on Product, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. • Hardware in the Loop (HIL) • Power Hardware in the Loop (PHIL)

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Arun Kalwani

Arun Kalwani

Research Analyst

By Module, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. • Load Flow • Harmonics • Short Circuit • Arc Flash • Device Coordination Selectivity • Other Modules By Application, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section. • Power • Industrial • Other Applications Geographically, the following national/local markets are fully investigated: • U.S. • Canada • Mexico For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of national markets by Component, Module, and Application over the forecast years are also included.

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Arun Kalwani

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Selected Key Players: ABB Ltd. Atos SE Eaton Corporation plc Energy Exemplar ETAP Fuji Electric Co., Ltd. General Electric Company (GE) Neplan AG OPAL-RT Technologies, Inc. Open Systems International, Inc. (OSI) PowerWorld Corporation RTDS Technologies Inc. Schneider Electric SE Siemens AG The MathWorks, Inc. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

Table of Contents

  • 1 Introduction 6
  • 1.1 Industry Definition and Research Scope 6
  • 1.1.1 Industry Definition 6
  • 1.1.2 Research Scope 7
  • 1.2 Research Methodology 10
  • 1.2.1 Overview of Market Research Methodology 10
  • 1.2.2 Market Assumption 11
  • 1.2.3 Secondary Data 11
  • 1.2.4 Primary Data 11
  • 1.2.5 Data Filtration and Model Design 12
  • 1.2.6 Market Size/Share Estimation 13
  • 1.2.7 Research Limitations 14
  • 1.3 Executive Summary 15
  • 2 Market Overview and Dynamics 17
  • 2.1 Market Size and Forecast 17
  • 2.1.1 Impact of COVID-19 on World Economy 18
  • 2.1.2 Impact of COVID-19 on the Market 20
  • 2.2 Major Growth Drivers 22
  • 2.3 Market Restraints and Challenges 25
  • 2.4 Emerging Opportunities and Market Trends 28
  • 2.5 Porter’s Fiver Forces Analysis 32
  • 3 Segmentation of North America Market by Component 36
  • 3.1 Market Overview by Component 36
  • 3.2 Hardware 38
  • 3.3 Software 39
  • 3.4 Services 40
  • 4 Segmentation of North America Market by Product 41
  • 4.1 Market Overview by Product 41
  • 4.2 Hardware in the Loop (HIL) 43
  • 4.3 Power Hardware in the Loop (PHIL) 44
  • 5 Segmentation of North America Market by Module 45
  • 5.1 Market Overview by Module 45
  • 5.2 Load Flow 47
  • 5.3 Harmonics 48
  • 5.4 Short Circuit 49
  • 5.5 Arc Flash 50
  • 5.6 Device Coordination Selectivity 51
  • 5.7 Other Modules 52
  • 6 Segmentation of North America Market by Application 53
  • 6.1 Market Overview by Application 53
  • 6.2 Power 55
  • 6.3 Industrial 56
  • 6.4 Other Applications 57
  • 7 North America Market 2021-2031 by Country 58
  • 7.1 Overview of North America Market 58
  • 7.2 U.S. 61
  • 7.3 Canada 64
  • 7.4 Mexico 66
  • 8 Competitive Landscape 68
  • 8.1 Overview of Key Vendors 68
  • 8.2 New Product Launch, Partnership, Investment, and M&A 71
  • 8.3 Company Profiles 72
  • ABB Ltd. 72
  • Atos SE 74
  • Eaton Corporation plc 75
  • Energy Exemplar 76
  • ETAP 77
  • Fuji Electric Co., Ltd. 78
  • General Electric Company (GE) 79
  • Neplan AG 80
  • OPAL-RT Technologies, Inc. 81
  • Open Systems International, Inc. (OSI) 82
  • PowerWorld Corporation 83
  • RTDS Technologies Inc. 84
  • Schneider Electric SE 85
  • Siemens AG 86
  • The MathWorks, Inc. 87
  • RELATED REPORTS 88

List of Figures:

Figure 1. Research Method Flow Chart 10
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 13
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 15
Figure 4. North America Power System Simulator Market, 2021-2031, $ mn 17
Figure 5. Impact of COVID-19 on Business 20
Figure 6. Primary Drivers and Impact Factors of North America Power System Simulator Market 22
Figure 7. Primary Restraints and Impact Factors of North America Power System Simulator Market 25
Figure 8. Investment Opportunity Analysis 29
Figure 9. Porter’s Fiver Forces Analysis of North America Power System Simulator Market 32
Figure 10. Breakdown of North America Power System Simulator Market by Component, 2021-2031, % of Revenue 37
Figure 11. North America Addressable Market Cap in 2022-2031 by Component, Value ($ mn) and Share (%) 37
Figure 12. North America Power System Simulator Market by Component: Hardware, 2021-2031, $ mn 38
Figure 13. North America Power System Simulator Market by Component: Software, 2021-2031, $ mn 39
Figure 14. North America Power System Simulator Market by Component: Services, 2021-2031, $ mn 40
Figure 15. Breakdown of North America Power System Simulator Market by Product, 2021-2031, % of Sales Revenue 42
Figure 16. North America Addressable Market Cap in 2022-2031 by Product, Value ($ mn) and Share (%) 42
Figure 17. North America Power System Simulator Market by Product: Hardware in the Loop (HIL), 2021-2031, $ mn 43
Figure 18. North America Power System Simulator Market by Product: Power Hardware in the Loop (PHIL), 2021-2031, $ mn 44
Figure 19. Breakdown of North America Power System Simulator Market by Module, 2021-2031, % of Sales Revenue 46
Figure 20. North America Addressable Market Cap in 2022-2031 by Module, Value ($ mn) and Share (%) 46
Figure 21. North America Power System Simulator Market by Module: Load Flow, 2021-2031, $ mn 47
Figure 22. North America Power System Simulator Market by Module: Harmonics, 2021-2031, $ mn 48
Figure 23. North America Power System Simulator Market by Module: Short Circuit, 2021-2031, $ mn 49
Figure 24. North America Power System Simulator Market by Module: Arc Flash, 2021-2031, $ mn 50
Figure 25. North America Power System Simulator Market by Module: Device Coordination Selectivity, 2021-2031, $ mn 51
Figure 26. North America Power System Simulator Market by Module: Other Modules, 2021-2031, $ mn 52
Figure 27. Breakdown of North America Power System Simulator Market by Application, 2021-2031, % of Revenue 54
Figure 28. North America Addressable Market Cap in 2022-2031 by Application, Value ($ mn) and Share (%) 54
Figure 29. North America Power System Simulator Market by Application: Power, 2021-2031, $ mn 55
Figure 30. North America Power System Simulator Market by Application: Industrial, 2021-2031, $ mn 56
Figure 31. North America Power System Simulator Market by Application: Other Applications, 2021-2031, $ mn 57
Figure 32. Breakdown of North America Power System Simulator Market by Country, 2021 and 2031, % of Revenue 59
Figure 33. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 60
Figure 34. U.S. Power System Simulator Market, 2021-2031, $ mn 62
Figure 35. Canada Power System Simulator Market, 2021-2031, $ mn 64
Figure 36. Power System Simulator Market in Mexico, 2021-2031, $ mn 66
Figure 37. Growth Stage of North America Power System Simulator Industry over the Forecast Period 68

List of Tables:

Table 1. Snapshot of North America Power System Simulator Market in Balanced Perspective, 2021-2031 16
Table 2. World Economic Outlook, 2021-2031 19
Table 3. Main Product Trends and Market Opportunities in North America Power System Simulator Market 28
Table 4. North America Power System Simulator Market by Component, 2021-2031, $ mn 36
Table 5. North America Power System Simulator Market by Product, 2021-2031, $ mn 41
Table 6. North America Power System Simulator Market by Module, 2021-2031, $ mn 45
Table 7. North America Power System Simulator Market by Application, 2021-2031, $ mn 53
Table 8. North America Power System Simulator Market by Country, 2021-2031, $ mn 59
Table 9. U.S. Power System Simulator Market by Component, 2021-2031, $ mn 63
Table 10. U.S. Power System Simulator Market by Module, 2021-2031, $ mn 63
Table 11. U.S. Power System Simulator Market by Application, 2021-2031, $ mn 63
Table 12. Canada Power System Simulator Market by Component, 2021-2031, $ mn 65
Table 13. Canada Power System Simulator Market by Module, 2021-2031, $ mn 65
Table 14. Canada Power System Simulator Market by Application, 2021-2031, $ mn 65
Table 15. Mexico Power System Simulator Market by Component, 2021-2031, $ mn 67
Table 16. Mexico Power System Simulator Market by Module, 2021-2031, $ mn 67
Table 17. Mexico Power System Simulator Market by Application, 2021-2031, $ mn 67
Table 18. ABB Ltd.: Company Snapshot 72
Table 19. ABB Ltd.: Business Segmentation 73
Table 20. ABB Ltd.: Product Portfolio 73

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North America Power System Simulator Market 2021-2031

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