Power System Analysis Software Market

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• Coherent Market Insights
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• https//www.coherentmarketinsights.com
• COVID-19 Impact Tracker

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POWER SYSTEM ANALYSIS SOFTWARE MARKET
ANALYSIS

• Power System Analysis Software Market, By
  Implementation model (On-premise and
  Cloud-based), by Application (Distribution and
  Transmission) and by Region (North America,
  Europe, Asia Pacific, Row) - Size, Share,
  Outlook, and Opportunity Analysis, 2020 - 2027

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• Market Overview
• The global power system analysis software
  market is estimated to account for US
  14,715.3 MN in terms of value by the end of 2027.
• Market Dynamics Drivers
• Increasing demand for electric power is expected
  to drive growth of the global power system
  analysis software market during the forecast
  period
• Encouraging policies and regulations present is
  expected to propel the global power system
  analysis software market growth over the forecast
  period

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Figure 1. Global Power System Analysis Software
Market Share (), in terms of Value, By Region,
2019
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• Market Dynamics Restraints
• High upfront investment and security challenges
  are expected to restrain growth of the global
  power system analysis software market during the
  forecast period
• Incompetency to handle novel technology is
  expected to hinder the global power system
  analysis software market growth over the forecast
  period

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• Market Opportunities
• Increased demand for constant and uninterrupted
  electric power supply can present major growth
  opportunities
• Rising investments in smart power technology can
  provide major business opportunities

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Figure 2. Global Power System Analysis Software
Market Value (US MN), 2017 - 2027
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• Market Trends
• Growing environmental concerns regarding existing
  electricity ecosystem
• Digital technologies have played an integral
  part in the modernization of many sectors of the
  world economy and have resulted in increased
  efficiency and productivity while bringing in new
  opportunities in these sectors
• Accommodating the distributed power generation
  from renewable sources
• In 2012, the International Renewable Energy
  Agency announced the Global Renewable Energy
  Roadmap to proliferate the allocation of
  renewables in the global energy production mix by
  2030.

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• Global Power System Analysis Software Market -
  Impact of Coronavirus (Covid-19) Pandemic
• Due to Covid-19 pandemic, many industries
  witnessed significant shift in their
  business. There is significant impact on power
  system analysis software market due to this
  pandemic.
• Competitive Section
• Key players operating in the global power system
  analysis software market are 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, and Artelys SA.

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  tware-market-3207

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