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Asia Pacific Power System Analysis Software Market Forecast to 2028 -Regional Analysis by Deployment Model (Cloud and On-Premises), Application (Electric Power Generation, Electric Power Distribution, and Electric Power Transmission), Voltage Type (Low Voltage, Medium Voltage, and High Voltage), and Industry Vertical (Oil and Gas, Manufacturing, Transportation, Mining, Renewables, Non-Renewables, and Others)
Market Report I 2023-05-19 I 149 Pages I The Insight Partners
The Asia Pacific power system analysis software market is expected to grow from US$ 3,071.08 million in 2023 to US$ 5,838.44 million by 2028. It is estimated to grow at a CAGR of 13.7% from 2023 to 2028.
Increasing Cases of Power Outages Drive Asia Pacific Power System Analysis Software Market
People and businesses are highly dependent on electricity for almost all operations. Therefore, there is a need for constant and uninterrupted power supply. However, there is a surge in power outages worldwide due to changing weather conditions, storms, and aging power infrastructure. For instance,
According to the Times of India in April 2022, for the first 27 days of April 2022, the electricity supply fell short of demand by 1.88 billion units in India. This resulted in long hours of power outages and negatively impacted industrial sectors. Power system analysis software can help to predict the outage situation due to bad weather. It quickly analyzes the location of the damaged network and the extent of the damage. It monitors the damage situation and suggests the necessary actions. It suggests resource needs, dispatches the repair crews, and communicates key damage and restoration information internally and externally. Therefore, the rise in the cases of power outages worldwide is boosting the demand for power system analysis software to better manage power generation, transmission, and distribution, thereby contributing to the Asia Pacific power system analysis software market growth.
Asia Pacific Power System Analysis Software Market Overview
Based on country, the Asia Pacific power system analysis software market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The rise in industrialization in Asia Pacific countries is increasing the power demand, creating a major opportunity for the key players in the Asia Pacific power system analysis software market. Rapid technological advances and policy support, economic digitization, and rise in disposable income, especially in the middle-class population, are expected to support the transition of economies in this region from the developing phase to the developed phase. According to the International Renewable Energy Agency (IRENA), Asia Pacific accounted for the consumption of more than half of global energy consumed in 2019, out of which, the region consumed 85% of the energy from fossil fuels. The region's electrification rates were 96.6% in 2019. The electrification rate is the percentage of people with stable access to electricity in a particular area. Thus, strong electricity consumption in the region needs more stable and reliable solutions for efficient power management. The generation of electricity through fossil fuels negatively impacts the environment. A robust software solution can efficiently manage power generation, helping reduce CO2 emissions. In addition, the region has a robust IT infrastructure and access to software and service offerings. Thus, adopting power system analysis software solutions for managing the power generation, distribution, and transmission in the region helps reduce energy costs and CO2 emissions, maintaining high levels of safety and security of supply. These factors will propel the demand for power system analysis software solutions and positively impact market growth.
Asia Pacific Power System Analysis Software Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Power System Analysis Software Market Segmentation
The Asia Pacific power system analysis software market is segmented into deployment model, application, voltage type, industry vertical, and country.
Based on deployment model, the Asia Pacific power system analysis software market is bifurcated into cloud and on-premises. In 2023, the on-premises segment registered a larger share in the Asia Pacific power system analysis software market.
Based on application, the Asia Pacific power system analysis software market is segmented into electric power generation, electric power distribution, and electric power transmission. In 2023, the electric power generation segment registered a largest share in the Asia Pacific power system analysis software market.
Based on voltage type, the Asia Pacific power system analysis software market is segmented into low voltage, medium voltage, and high voltage. In 2023, the low voltage segment registered a largest share in the Asia Pacific power system analysis software market.
Based on industry vertical, the Asia Pacific power system analysis software market is segmented into oil and gas, manufacturing, transportation, mining, renewables, non-renewables, and others. In 2023, the oil and gas segment registered a largest share in the Asia Pacific power system analysis software market.
Based on country, the Asia Pacific power system analysis software market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. In 2023, China segment registered a largest share in the Asia Pacific power system analysis software market.
ABB Ltd; DIgSILENT GmbH; General Electric Co; Neplan AG; Operation Technology Inc; RINA SpA; Schneider Electric SE; PowerCad oftware Pty Ltd; Siemens AG; and Trimble Inc are the leading companies operating in the Asia Pacific power system analysis software market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Power System Analysis Software Market - By Deployment Model
1.3.2 Asia Pacific Power System Analysis Software Market - By Application
1.3.3 Asia Pacific Power System Analysis Software Market - By Voltage Type
1.3.4 Asia Pacific Power System Analysis Software Market - By Industry Vertical
1.3.5 Asia Pacific Power System Analysis Software Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Power System Analysis Software Market Landscape
4.1 Market Overview
4.2 Asia Pacific PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific Power System Analysis Software Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Cases of Power Outages
5.1.2 Rising Demand for Electricity
5.2 Market Restraints
5.2.1 High Upfront Investment and Security Challenges
5.3 Market Opportunities
5.3.1 Rising government initiatives for energy management
5.4 Future Trends
5.4.1 Rising Adoption of Smart Grid Technology
5.5 Impact Analysis of Drivers and Restraints
6. Power System Analysis Software Market - Asia Pacific Analysis
6.1 Asia Pacific Power System Analysis Software Market Overview
6.2 Asia Pacific Power System Analysis Software Market - Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Power System Analysis Software Market Analysis - By Deployment Model
7.1 Overview
7.2 Asia Pacific Power System Analysis Software Market, By Deployment Model (2022 and 2028)
7.3 On Premises
7.3.1 Overview
7.3.2 On Premises: Asia Pacific Power System Analysis Software Market - Revenue, and Forecast to 2028 (US$ Million)
7.4 Cloud
7.4.1 Overview
7.4.2 Cloud: Asia Pacific Power System Analysis Software Market - Revenue, and Forecast to 2028 (US$ Million)
8. Asia Pacific Power System Analysis Software Market Analysis - By Application
8.1 Overview
8.2 Asia Pacific Power System Analysis Software Market, By Application (2022 and 2028)
8.3 Electric Power Generation
8.3.1 Overview
8.3.2 Electric Power Generation: Asia Pacific Power System Analysis Software Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Electric Power Distribution
8.4.1 Overview
8.4.2 Electric Power Distribution: Asia Pacific Power System Analysis Software Market- Revenue and Forecast to 2028 (US$ Million)
8.5 Electric Power Transmission
8.5.1 Overview
8.5.2 Electric Power Transmission: Asia Pacific Power System Analysis Software Market- Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Power System Analysis Software Market Analysis - By Voltage Type
9.1 Overview
9.2 Power System Analysis Software Market Breakdown, By Voltage Type, 2022 & 2028
9.3 Low Voltage
9.3.1 Overview
9.3.2 Low Voltage Market Revenue and Forecast to 2028 (US$ Million)
9.4 Medium Voltage
9.4.1 Overview
9.4.2 Medium Voltage Market Revenue and Forecast to 2028 (US$ Million)
9.5 High Voltage
9.5.1 Overview
9.5.2 High Voltage Market Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific Power System Analysis Software Market Analysis - By Industry Vertical
10.1 Overview
10.2 Asia Pacific Power System Analysis Software Market Breakdown, By Industry Vertical, 2022 & 2028
10.3 Oil & Gas
10.3.1 Overview
10.3.2 Oil & Gas Market Revenue and Forecast to 2028 (US$ Million)
10.4 Manufacturing
10.4.1 Overview
10.4.2 Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
10.5 Mining
10.5.1 Overview
10.5.2 Mining Market Revenue and Forecast to 2028 (US$ Million)
10.6 Non-Renewables
10.6.1 Overview
10.6.2 Non-Renewables Market Revenue and Forecast to 2028 (US$ Million)
10.7 Transportation
10.7.1 Overview
10.7.2 Transportation Market Revenue and Forecast to 2028 (US$ Million)
10.8 Renewables
10.8.1 Overview
10.8.2 Renewables Market Revenue and Forecast to 2028 (US$ Million)
10.9 Others
10.9.1 Overview
10.9.2 Others Market Revenue and Forecast to 2028 (US$ Million)
11. Asia Pacific Power System Analysis Software Market - Country Analysis
11.1 Overview
11.1.1 Asia Pacific Power System Analysis Software Market Breakdown, by Country
11.1.1.1 China Power System Analysis Software Market, Revenue and Forecast to 2028
11.1.1.1.1 China Power System Analysis Software Market Breakdown, By Deployment Model
11.1.1.1.2 China Power System Analysis Software Market Breakdown, By Application
11.1.1.1.3 China Power System Analysis Software Market Breakdown, By Voltage Type
11.1.1.1.4 China Power System Analysis Software Market Breakdown, By Industry Vertical
11.1.1.2 Japan Power System Analysis Software Market, Revenue and Forecast to 2028
11.1.1.2.1 Japan Power System Analysis Software Market Breakdown, By Deployment Model
11.1.1.2.2 Japan Power System Analysis Software Market Breakdown, By Application
11.1.1.2.3 Japan Power System Analysis Software Market Breakdown, By Voltage Type
11.1.1.2.4 Japan Power System Analysis Software Market Breakdown, By Industry Vertical
11.1.1.3 India Power System Analysis Software Market, Revenue and Forecast to 2028
11.1.1.3.1 India Power System Analysis Software Market Breakdown, By Deployment Model
11.1.1.3.2 India Power System Analysis Software Market Breakdown, By Application
11.1.1.3.3 India Power System Analysis Software Market Breakdown, By Voltage Type
11.1.1.3.4 India Power System Analysis Software Market Breakdown, By Industry Vertical
11.1.1.4 South Korea Power System Analysis Software Market, Revenue and Forecast to 2028
11.1.1.4.1 South Korea Power System Analysis Software Market Breakdown, By Deployment Model
11.1.1.4.2 South Korea Power System Analysis Software Market Breakdown, By Application
11.1.1.4.3 South Korea Power System Analysis Software Market Breakdown, By Voltage Type
11.1.1.4.4 South Korea Power System Analysis Software Market Breakdown, By Industry Vertical
11.1.1.5 Australia Power System Analysis Software Market, Revenue and Forecast to 2028
11.1.1.5.1 Australia Power System Analysis Software Market Breakdown, By Deployment Model
11.1.1.5.2 Australia Power System Analysis Software Market Breakdown, By Application
11.1.1.5.3 Australia Power System Analysis Software Market Breakdown, By Voltage Type
11.1.1.5.4 Australia Power System Analysis Software Market Breakdown, By Industry Vertical
11.1.1.6 Rest of Asia Pacific Power System Analysis Software Market, Revenue and Forecast to 2028
11.1.1.6.1 Rest of Asia Pacific Power System Analysis Software Market Breakdown, By Deployment Model
11.1.1.6.2 Rest of Asia Pacific Power System Analysis Software Market Breakdown, By Application
11.1.1.6.3 Rest of Asia Pacific Power System Analysis Software Market Breakdown, By Voltage Type
11.1.1.6.4 Rest of Asia Pacific Power System Analysis Software Market Breakdown, By Industry Vertical
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Operation Technology Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Schneider Electric SE
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 PowerCad Software Pty Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Trimble Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Neplan AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 ABB Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 DIgSILENT GmbH
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Siemens AG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 General Electric Co
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 RINA SpA
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Power System Analysis Software Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. Asia Pacific Power System Analysis Software Market, Revenue and Forecast To 2028 - By Country (US$ Million)
Table 3. China Power System Analysis Software Market, Revenue and Forecast to 2028 - By Deployment Model (US$ Million)
Table 4. China Power System Analysis Software Market, Revenue and Forecast to 2028 - By Application (US$ Million)
Table 5. China Power System Analysis Software Market, Revenue and Forecast to 2028 - By Voltage Type (US$ Million)
Table 6. China Power System Analysis Software Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 7. Japan Power System Analysis Software Market, Revenue and Forecast to 2028 - By Deployment Model (US$ Million)
Table 8. Japan Power System Analysis Software Market, Revenue and Forecast to 2028 - By Application (US$ Million)
Table 9. Japan Power System Analysis Software Market, Revenue and Forecast to 2028 - By Voltage Type (US$ Million)
Table 10. Japan Power System Analysis Software Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 11. India Power System Analysis Software Market, Revenue and Forecast to 2028 - By Deployment Model (US$ Million)
Table 12. India Power System Analysis Software Market, Revenue and Forecast to 2028 - By Application (US$ Million)
Table 13. India Power System Analysis Software Market, Revenue and Forecast to 2028 - By Voltage Type (US$ Million)
Table 14. India Power System Analysis Software Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 15. South Korea Power System Analysis Software Market, Revenue and Forecast to 2028 - By Deployment Model (US$ Million)
Table 16. South Korea Power System Analysis Software Market, Revenue and Forecast to 2028 - By Application (US$ Million)
Table 17. South Korea Power System Analysis Software Market, Revenue and Forecast to 2028 - By Voltage Type (US$ Million)
Table 18. South Korea Power System Analysis Software Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 19. Australia Power System Analysis Software Market, Revenue and Forecast to 2028 - By Deployment Model (US$ Million)
Table 20. Australia Power System Analysis Software Market, Revenue and Forecast to 2028 - By Application (US$ Million)
Table 21. Australia Power System Analysis Software Market, Revenue and Forecast to 2028 - By Voltage Type (US$ Million)
Table 22. Australia Power System Analysis Software Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 23. Rest of Asia Pacific Power System Analysis Software Market, Revenue and Forecast to 2028 - By Deployment Model (US$ Million)
Table 24. Rest of Asia Pacific Power System Analysis Software Market, Revenue and Forecast to 2028 - By Application (US$ Million)
Table 25. Rest of Asia Pacific Power System Analysis Software Market, Revenue and Forecast to 2028 - By Voltage Type (US$ Million)
Table 26. Rest of Asia Pacific Power System Analysis Software Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 27. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Power System Analysis Software Market Segmentation
Figure 2. Asia Pacific Power System Analysis Software Market Segmentation - By Country
Figure 3. Asia Pacific Power System Analysis Software Market Overview
Figure 4. On Premises Segment held the Largest Share of Asia Pacific Power System Analysis Software Market
Figure 5. Electric Power Generation Segment held the Largest Share of Asia Pacific Power System Analysis Software Market
Figure 6. Low Voltage Segment held the Largest Share of Asia Pacific Power System Analysis Software Market
Figure 7. Oil and Gas Segment held the Largest Share of Asia Pacific Power System Analysis Software Market
Figure 8. China to Show Great Traction During Forecast Period
Figure 9. Asia Pacific: PEST Analysis
Figure 10. Expert Opinion
Figure 11. Asia Pacific Power System Analysis Software Market Impact Analysis of Drivers and Restraints
Figure 12. Asia Pacific Power System Analysis Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Asia Pacific Power System Analysis Software Market Revenue Share, By Deployment Model (2022 and 2028)
Figure 14. On Premises: Power System Analysis Software Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 15. Cloud: Asia Pacific Power System Analysis Software Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 16. Asia Pacific Power System Analysis Software Market Revenue Share, By Application (2022 and 2028)
Figure 17. Electric Power Generation: Asia Pacific Power System Analysis Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 18. Electric Power Distribution: Asia Pacific Power System Analysis Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. Electric Power Transmission: Asia Pacific Power System Analysis Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 20. Asia Pacific Power System Analysis Software Market Revenue Share, By Voltage Type (2022 and 2028)
Figure 21. Low Voltage Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Medium Voltage Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. High Voltage Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Asia Pacific Power System Analysis Software Market Revenue Share, By Industry Vertical (2022 and 2028)
Figure 25. Oil & Gas Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Mining Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Non-Renewables Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Transportation Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Renewables Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. Asia Pacific Power System Analysis Software Market - Revenue (2022) (US$ Million)
Figure 33. Asia Pacific Power System Analysis Software Market Breakdown, by Country, 2022 & 2028 (%)
Figure 34. China Power System Analysis Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 35. Japan Power System Analysis Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 36. India Power System Analysis Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 37. South Korea Power System Analysis Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 38. Australia Power System Analysis Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 39. Rest of Asia Pacific Power System Analysis Software Market, Revenue and Forecast to 2028 (US$ Million)
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