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Published Date: 2016-03-28Number of Pages: 128

Power System Analysis Software Market (Implementation Model - On- premise and Cloud-based; Application - Distribution and Transmission) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Rising demand for electric power and growing smart power technologies have led to increased demand for power systems analysis software. The market for power system analysis software is anticipated to expand at a CAGR of 12.6% during the forecast period from 2016 to 2024. The global power system analysis software market was valued at US$ 3,540.4 Mn in 2015. The most significant factor fuelling the market is the rising level of investment on smart grid systems. Due to the ever-increasing demand for electricity, utility providers are seeking reliable solutions to optimize the efficiency of their power system analysis. Another significant factor boosting the power system analysis software market’s growth is the rising advancement in Big Data analytics and the Internet of Things (IoT). Thus, with the increasing penetration and advancements of these solutions, the market for power system analytics software is predicted to witness strong growth in the coming years.

Power system analysis software enables utility providers to optimize their efficiency and minimize losses occurring in electricity generation and distribution. Thus, power system analysis software plays an important role in the energy and utilities sector. Moreover, government encouragement for the use of power system analysis software in different countries is expected to boost the adoption of these systems worldwide. This is another promising driver for the growth of the power system analysis software market during the forecast period. The growing energy and utility sector in Asia Pacific is also expected to substantially drive the market in the coming years. Countries such as China and India are expected to show strong growth during the forecast period.

The market for power system analytics software is segmented on the basis of implementation models and applications. On the basis of implementation models, the market is segmented into on-premise and cloud-based software segments. In 2015, the on-premise software segment was the most preferred, and accounted for around 82% of the revenue of the overall power system analysis software market. Moreover, this segment is expected to expand at a CAGR of 12.3% from 2016 to 2024. 

On the basis of application, the power system analysis software market is classified into distribution and transmission. In 2015, distribution segment held the largest revenue share of around 62% of the overall power system analysis software market. Moreover, this segment is expected to expand at a CAGR of 12.9% from 2016 to 2024.

Geographically, North America is the largest market for power system analysis software, globally. In 2015, the region accounted for around 33% of its revenue. Furthermore, Asia Pacific is expected to witness the fastest growth during the forecast period. China, India, Japan, Australia, and South Korea are among the major markets for power system analysis software in this region.

power-system-analysis-software-market


The power system analysis software market is highly fragmented and a few companies, including General Electric Company, ETAP, Siemens AG, and ABB Ltd., have established themselves. A large number of other regional players are located across different geographies. These players are well established in regional markets but have limited global presence. New product development in turn to increase the efficiency of the software has fueled demand and created greater opportunities. Therefore, all the leading players are focused on bringing product advancement to power system analysis software. Moreover, companies also focused on strengthening their positions through acquisitions and partnerships. For instance, in February 2016, General Electric Company (GE) completed the acquisition of Alstom which it had begun in 2014. GE has expanded its presence in vital and emerging markets; for example, in India it has nearly doubled its revenue after acquiring Alstom. Moreover, in September 2014, ETAP/Operation Technology, Inc. partnered with the U.S.-based OSIsoft, LLC to provide power management solutions for continuous monitoring, optimization, automation, and control of electrical power systems for utilities, smart cities, process industries, mission critical facilities, micro-grids, and government operations.

Some of the major players in the global power system analysis software market are ABB Ltd., Siemens AG, General Electric Company, Schneider Electric DMS NS, ETAP/Operation Technology, Inc., Atos SE, Artelys SA, PSI AG, Operation Simulation Associates, Inc., Unicorn Systems, Energy Exemplar, Electricity Coordinating Center Ltd., PowerWorld Corporation, Open Systems International, Inc., Nexant Inc., Electrocon International Inc., Pöyry, DIgSILENT GmbH, Eaton Corporation Plc, and Neplan AG.


1. Preface
    1.1. Research Scope
    1.2. Market Segmentation
    1.3. Research Methodology

2. Executive Summary
    2.1. Global Power System Analysis Software Market Snapshot
    2.2. Global Power System Analysis Software Market Revenue, 2014 - 2024 (US$ Mn) and Year-on-Year Growth (%) 

3. Global Power System Analysis Software Market Analysis, 2014 - 2024 (US$ Mn) 
    3.1. Overview
    3.2. Key Trends Analysis
    3.3. Market Dynamics
           3.3.1. Drivers
           3.3.2. Restraints
           3.3.3. Opportunities
    3.4. Global Power System Analysis Software Market Analysis, By Implementation Model, 2014 - 2024 (US$ Mn) 
           3.4.1. On-premise
           3.4.2. Cloud-based
    3.5. Global Power System Analysis Software Market Analysis, By Application, 2014 - 2024 (US$ Mn)
           3.5.1. Distribution
           3.5.2. Transmission
    3.6. Competitive Landscape
           3.6.1. Market Positioning of Key Players, 2015
           3.6.2. Competitive Strategies Adopted by Key Players
           3.6.3. Recommendations

4. North America Power System Analysis Software Market Analysis, 2014 - 2024 (US$ Mn) 
    4.1. Key Trends Analysis
    4.2. North America Power System Analysis Software Market Analysis, By Implementation Model, 2014 - 2024 (US$ Mn) 
           4.2.1. On-premise
           4.2.2. Cloud-based
    4.3. North America Power System Analysis Software Market Revenue, By Application, 2014 - 2024 (US$ Mn)
           4.3.1. Distribution
           4.3.2. Transmission
    4.4. North America Power System Analysis Software Market Analysis, By Geography, 2014 – 2024 (US$ Mn)
           4.4.1. The U.S.
           4.4.2. Rest of North America

5. Europe Power System Analysis Software Market Analysis, 2014 - 2024 (US$ Mn) 
    5.1. Key Trends Analysis
    5.2. Europe Power System Analysis Software Market Analysis, By Implementation Model, 2014 - 2024 (US$ Mn) 
           5.2.1. On-premise
           5.2.2. Cloud-based
    5.3. Europe Power System Analysis Software Market Analysis, By Application, 2014 - 2024 (US$ Mn)
           5.3.1. Distribution
           5.3.2. Transmission
    5.4. Europe Power System Analysis Software Market Analysis, By Geography, 2014 – 2024 (US$ Mn)
           5.4.1. EU7 (The U.K., Italy, Spain, France, Germany, Belgium, and the Netherlands)
           5.4.2. CIS
           5.4.3. Rest of Europe

6. Asia Pacific (APAC) Power System Analysis Software Market Analysis, 2014 - 2024 (US$ Mn) 
    6.1. Key Trends Analysis
    6.2. APAC Power System Analysis Software Market Analysis, By Implementation Model, 2014 - 2024 (US$ Mn) 
           6.2.1. On-premise
           6.2.2. Cloud-based
    6.3. APAC Power System Analysis Software Market Analysis, By Application, 2014 - 2024 (US$ Mn)
           6.3.1. Distribution
           6.3.2. Transmission
    6.4. APAC Power System Analysis Software Market Analysis, By Geography, 2014 – 2024 (US$ Mn)
           6.4.1. Japan
           6.4.2. China
           6.4.3. South Asia (India, Pakistan, Bangladesh, & Sri Lanka)
           6.4.4. Australasia (Australia, NZ & Guinea)
           6.4.5. Rest of APAC

7. Middle East and Africa (MEA) Power System Analysis Software Market Analysis, 2014 - 2024 (US$ Mn) 
    7.1. Key Trends Analysis
    7.2. Middle East and Africa Power System Analysis Software Market Analysis, By Implementation Model, 2014 - 2024 (US$ Mn) 
           7.2.1. On-premise
           7.2.2. Cloud-based
    7.3. Middle East and Africa Power System Analysis Software Market Analysis, By Application, 2014 - 2024 (US$ Mn)
           7.3.1. Distribution
           7.3.2. Transmission
    7.4. Middle East and Africa Power System Analysis Software Market Analysis, By Geography, 2014 – 2024 (US$ Mn)
           7.4.1. GCC Countries
           7.4.2. South Africa
           7.4.3. Rest of MEA

8. Latin America Power System Analysis Software Market Analysis, 2014 - 2024 (US$ Mn) 
    8.1. Key Trends Analysis
    8.2. Latin America Power System Analysis Software Market Analysis, By Implementation Model, 2014 - 2024 (US$ Mn) 
           8.2.1. On-premise
           8.2.2. Cloud-based
    8.3. Latin America Power System Analysis Software Market Analysis, By Application, 2014 - 2024 (US$ Mn)
           8.3.1. Distribution
           8.3.2. Transmission
    8.4. Latin America Power System Analysis Software Market Analysis, By Geography, 2014 – 2024 (US$ Mn)
           8.4.1. Brazil
           8.4.2. Rest of Latin America

9. Company Profiles
    9.1. ABB Ltd.
           9.1.1. Company Details (HQ, Foundation Year, Employee Strength)
           9.1.2. Market Presence, By Segment and Geography
           9.1.3. Key Developments
           9.1.4. Strategy and Historical Roadmap
           9.1.5. Revenue and Operating Profits
* Similar details are provided for all the players mentioned below 
    9.2. Siemens AG
    9.3. General Electric Company
    9.4. Schneider Electric DMS NS
    9.5. ETAP/Operation Technology, Inc.
    9.6. Atos SE
    9.7. Artelys SA
    9.8. PSI AG
    9.9. Operation Simulation Associates, Inc.
    9.10. Unicorn Systems
    9.11. Energy Exemplar
    9.12. Electricity Coordinating Center Ltd.
    9.13. PowerWorld Corporation
    9.14. Open Systems International, Inc.
    9.15. Nexant Inc.
    9.16. Electrocon International Inc.
    9.17. Pöyry
    9.18. DIgSILENT GmbH
    9.19. Eaton Corporation Plc
    9.20. Neplan AG
    9.21. Atos SE
    9.22. Electricity Coordinating Center Ltd.
    9.23. The DMS Group
    9.24. Unicorn Power Solutions Pvt. Ltd.
    9.25. PSI AG

This report aims to provide a comprehensive strategic analysis of the global power system analysis software market along with revenue and growth forecasts for the period from 2014 to 2024. The deployment of this software enables utility providers to optimize their efficiency and minimize losses occurring in electricity generation and distribution. Data is generated from smart components such as meters, automated distribution systems, and sensing and measurement devices; this is then transmitted to the utility station for further predictive analysis. Through such predictive analysis, utility providers seek to cater to the ever-increasing demand for electricity more efficiently and with optimum returns on investment (ROI). This is one of the most important drivers for the growing deployment of power system analysis software around the world. 

This research study on the global power system analysis software market provides a detailed analysis of how this software is deployed in distribution and transmission networks. The report offers an in-depth study of the market drivers, restraints, and growth opportunities. Using these factors, the report identifies various trends expected to impact the market during the forecast period from 2016 to 2024. It includes a comprehensive coverage of the underlying economic, environmental, and technological factors influencing the power system analysis software market. It provides the competitive landscape of key players in the power system analysis software market in order to highlight the state of competition therein. The report also provides a detailed competitive analysis of the key players in the power system analysis software market and identifies the various business strategies adopted by them. The study explains the penetration of each market segment within various geographies, and how these segments have accelerated the growth of the market as a whole. 

The market for power system analytics software is segmented based on implementation models and applications. On the basis of the implementation model, the market is segmented into on-premise and cloud-based software. Based on the applications, the market is segmented into distribution and transmission. Geographically, the global market for power system analysis software has been segmented into five regions: North America, Europe, Asia Pacific, Middle East and Africa (MEA), and Latin America. The market size and forecast for each region has been provided for the period from 2014 to 2024 along with the CAGR (%) for the forecast period from 2016 to 2024. The study also includes qualitative analysis of the competitive scenario for major countries/regions in these geographical segments. 

The report includes an overview of the market strategies, annual revenues, and the recent developments of key companies operating in the market. The key market participants profiled in this study include ABB Ltd., Siemens AG, General Electric Company, Schneider Electric DMS NS, ETAP/Operation Technology, Inc., Atos SE, Artelys SA, PSI AG, Operation Simulation Associates, Inc., Unicorn Systems, Energy Exemplar, Electricity Coordinating Center Ltd., PowerWorld Corporation, Open Systems International, Inc., Nexant Inc., Electrocon International Inc., Pöyry, DIgSILENT GmbH, Eaton Corporation Plc, and Neplan AG. 

Market Segmentation: 

Power System Analysis Software Market Analysis, by Implementation Model

  • On-premise
  • Cloud-based 

Power System Analysis Software Market Analysis, by Application

  • Distribution
  • Transmission 

In addition, the report provides cross-sectional analysis of the power system analysis software market with respect to the following geographical segments:

  • North America
    • The U.S.
    • Rest of North America
  • Europe
    • EU7
    • CIS
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • South Asia (India, Pakistan, Bangladesh, and Sri Lanka)
    • Australasia (Australia, NZ, and Guinea)
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Rest of Latin America


 
 
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