Global Power System Simulator Market Report 2020-2026: Load Flow, Harmonic, Short Circuit, Device Coordination Selectivity, & Others
February 08, 2021 04:03 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The Global Power System Simulator Market was valued at $960 million in 2019 and is projected to reach USD 1.38 billion by 2025, owing to rising emphasis on power generation through renewable resources and adoption of IoT as well as cloud-based platforms, globally.
Power system simulator is a software tool used by various power system engineers to simulate electrical power transmission, generation & distribution for round-the-clock maintenance and is helpful in reducing the overall downtime of the projects.