Global Power System Simulator Market Size & Outlook

The power system simulator industry worldwide is expected to reach a projected revenue of US$ 2,131.1 million by 2030. A compound annual growth rate of 6.7% is expected of the worldwide power system simulator industry from 2024 to 2030.
Revenue, 2023 (US$M)
$1,356.7
Forecast, 2030 (US$M)
$2,131.1
CAGR, 2024 - 2030
6.7%
Report Coverage
Worldwide

Global power system simulator market, 2018-2030 (US$M)

Global power system simulator market highlights

  • The global power system simulator market generated a revenue of USD 1,356.7 million in 2023 and is expected to reach USD 2,131.1 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 6.7% by 2030.
  • In terms of segment, hardware accounted for a revenue of USD 1,356.7 million in 2023.
  • Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.

Global data book summary

Market revenue in 2023USD 1,356.7 million
Market revenue in 2030USD 2,131.1 million
Growth rate6.7% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentHardware
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware

Other key industry trends

  • In terms of revenue, the North America accounted for 34.8% of the global power system simulator market in 2023.

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Power System Simulator Market Scope

Power system simulator market segmentation & scope
Hardware
Software
Services
Analysis
Load Flow
Short Circuit
Harmonic
Transient
Others
End Use
Power
Industrial
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Australia
China
India
Japan
South Korea
Brazil
UAE
South Africa
Saudi Arabia

Power System Simulator Market Companies

Name Profile # Employees HQ Website

Global power system simulator market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to power system simulator market will help companies and investors design strategic landscapes.


Hardware was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global power system simulator market based on hardware covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Power System Simulator Component Outlook (Revenue, USD Million, 2018-2030)
    • Hardware
    • Software
    • Services
  • Global Power System Simulator Analysis Outlook (Revenue, USD Million, 2018-2030)
    • Load Flow
    • Short Circuit
    • Harmonic
    • Transient
    • Others
  • Global Power System Simulator End Use Outlook (Revenue, USD Million, 2018-2030)
    • Power
    • Industrial
    • Others

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  • Our clientele includes a mix of power system simulator market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global power system simulator market , including forecasts for subscribers. This global databook contains high-level insights into Global power system simulator market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global power system simulator market size, by regions, 2018-2030 (US$M)

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