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Middle East & Africa 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 147 Pages I The Insight Partners
The Middle East & Africa power system analysis software market is expected to grow from US$ 679.44 million in 2023 to US$ 1,105.95 million by 2028. It is estimated to grow at a CAGR of 10.2% from 2023 to 2028.
Increasing Cases of Power Outages Drive Middle East & Africa 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 AP News, in September 2022, there were power outages in various parts of Oman due to electrical grid issues. According to BBC News, in February 2023, there was a power outage issue almost every day in South Africa, which hampered several businesses in the country. 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 Middle East & Africa power system analysis software market growth.
Middle East & Africa Power System Analysis Software Market Overview
Based on country, the Middle East power system analysis software market is segmented into Saudi Arabia, the UAE, Oman, Kuwait, Qatar, and the rest of Middle East. The region has experienced a rapid penetration of internet connectivity over the years. Government bodies have also increased their initiatives to promote the adoption of digital technologies across all industry sectors to increase efficiency and compete in the global market. For instance, in March 2021, the Saudi Arabia government launched the Digital Government Authority (DGA) to oversee the national digital strategy. In addition, the region comprises several growing economies, such as the UAE, Saudi Arabia, Oman, Kuwait, and Qatar, which are becoming potential markets for power system analysis software providers owing to a rapid rise in industrialization. Thus, the rise in digitization, coupled with growing industrialization, will contribute to the Middle East & Africa power system analysis software market. The region is rich in oil reserves and petroleum refineries. It is projected that oil product sales will reach 8-9 million barrels per day by the end of 2023 since projects for new refineries are open in the UAE, Iraq, Oman, and Saudi Arabia. In addition, the three major oil producers in the region are Iraq, Iran, and Saudi Arabia. Oman, Qatar, Kuwait, and the UAE are the next in the regional oil league countries. Currently, there are 53 operating refineries in the region. These refineries need an uninterrupted power supply to manage the power systems efficiently. Power system analysis software can help optimize the performance and production of these refineries.
Middle East & Africa Power System Analysis Software Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Power System Analysis Software Market Segmentation
The Middle East & Africa power system analysis software market is segmented into deployment model, application, voltage type, industry vertical, and country.
Based on deployment model, the Middle East & Africa power system analysis software market is bifurcated into cloud and on-premises. In 2023, the on-premises segment registered a larger share in the Middle East & Africa power system analysis software market.
Based on application, the Middle East & Africa 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 Middle East & Africa power system analysis software market.
Based on voltage type, the Middle East & Africa 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 Middle East & Africa power system analysis software market.
Based on industry vertical, the Middle East & Africa power system analysis software market is segmented into oil and gas, manufacturing, transportation, mining, renewables, non-renewables, and other. In 2023, the oil and gas segment registered a largest share in the Middle East & Africa power system analysis software market.
Based on country, the Middle East & Africa power system analysis software market is segmented into Saudi Arabia, the UAE, Qatar, Kuwait, Oman, and the Rest of Middle East & Africa. In 2023, Saudi Arabia segment registered a largest share in the Middle East & Africa power system analysis software market.
ABB Ltd; DIgSILENT GmbH; General Electric Co; Neplan AG; Operation Technology Inc; RINA SpA; Schneider Electric SE; Siemens AG; and Trimble Inc are the leading companies operating in the Middle East & Africa 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 Middle East & Africa Power System Analysis Software Market - By Deployment Model
1.3.2 Middle East & Africa Power System Analysis Software Market - By Application
1.3.3 Middle East & Africa Power System Analysis Software Market - By Voltage Type
1.3.4 Middle East & Africa Power System Analysis Software Market - By Industry Vertical
1.3.5 Middle East & Africa 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. Middle East & Africa Power System Analysis Software Market Landscape
4.1 Market Overview
4.2 Middle East & Africa PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Middle East & Africa 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 - Middle East & Africa Analysis
6.1 Middle East & Africa Power System Analysis Software Market Overview
6.2 Middle East & Africa Power System Analysis Software Market - Revenue and Forecast to 2028 (US$ Million)
7. Middle East & Africa Power System Analysis Software Market Analysis - By Deployment Model
7.1 Overview
7.2 Middle East & Africa Power System Analysis Software Market, By Deployment Model (2022 and 2028)
7.3 On Premises
7.3.1 Overview
7.3.2 On Premises: Middle East & Africa Power System Analysis Software Market - Revenue, and Forecast to 2028 (US$ Million)
7.4 Cloud
7.4.1 Overview
7.4.2 Cloud: Middle East & Africa Power System Analysis Software Market - Revenue, and Forecast to 2028 (US$ Million)
8. Middle East & Africa Power System Analysis Software Market Analysis - By Application
8.1 Overview
8.2 Middle East & Africa 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: 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: Middle East & Africa 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: Middle East & Africa Power System Analysis Software Market- Revenue and Forecast to 2028 (US$ Million)
9. Middle East & Africa Power System Analysis Software Market Analysis - By Voltage Type
9.1 Overview
9.2 Middle East & Africa 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. Middle East & Africa Power System Analysis Software Market Analysis - By Industry Vertical
10.1 Overview
10.2 Middle East & Africa 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. Middle East & Africa Power System Analysis Software Market - Country Analysis
11.1 Overview
11.1.1 Middle East Power System Analysis Software Market Breakdown, by Country
11.1.1.1 Saudi Arabia Power System Analysis Software Market, Revenue and Forecast to 2028
11.1.1.1.1 Saudi Arabia Power System Analysis Software Market Breakdown, By Deployment Model
11.1.1.1.2 Saudi Arabia Power System Analysis Software Market Breakdown, By Application
11.1.1.1.3 Saudi Arabia Power System Analysis Software Market Breakdown, By Voltage Type
11.1.1.1.4 Saudi Arabia Power System Analysis Software Market Breakdown, By Industry Vertical
11.1.1.2 UAE Power System Analysis Software Market, Revenue and Forecast to 2028
11.1.1.2.1 UAE Power System Analysis Software Market Breakdown, By Deployment Model
11.1.1.2.2 UAE Power System Analysis Software Market Breakdown, By Application
11.1.1.2.3 UAE Power System Analysis Software Market Breakdown, By Voltage Type
11.1.1.2.4 UAE Power System Analysis Software Market Breakdown, By Industry Vertical
11.1.1.3 Qatar Power System Analysis Software Market, Revenue and Forecast to 2028
11.1.1.3.1 Qatar Power System Analysis Software Market Breakdown, By Deployment Model
11.1.1.3.2 Qatar Power System Analysis Software Market Breakdown, By Application
11.1.1.3.3 Qatar Power System Analysis Software Market Breakdown, By Voltage Type
11.1.1.3.4 Qatar Power System Analysis Software Market Breakdown, By Industry Vertical
11.1.1.4 Kuwait Power System Analysis Software Market, Revenue and Forecast to 2028
11.1.1.4.1 Kuwait Power System Analysis Software Market Breakdown, By Deployment Model
11.1.1.4.2 Kuwait Power System Analysis Software Market Breakdown, By Application
11.1.1.4.3 Kuwait Power System Analysis Software Market Breakdown, By Voltage Type
11.1.1.4.4 Kuwait Power System Analysis Software Market Breakdown, By Industry Vertical
11.1.1.5 Oman Power System Analysis Software Market, Revenue and Forecast to 2028
11.1.1.5.1 Oman Power System Analysis Software Market Breakdown, By Deployment Model
11.1.1.5.2 Oman Power System Analysis Software Market Breakdown, By Application
11.1.1.5.3 Oman Power System Analysis Software Market Breakdown, By Voltage Type
11.1.1.5.4 Oman Power System Analysis Software Market Breakdown, By Industry Vertical
11.1.1.6 Rest of Middle East Power System Analysis Software Market, Revenue and Forecast to 2028
11.1.1.6.1 Rest of Middle East Power System Analysis Software Market Breakdown, By Deployment Model
11.1.1.6.2 Rest of Middle East Power System Analysis Software Market Breakdown, By Application
11.1.1.6.3 Rest of Middle East Power System Analysis Software Market Breakdown, By Voltage Type
11.1.1.6.4 Rest of Middle East 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 Trimble Inc
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 Neplan AG
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 ABB Ltd
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 DIgSILENT GmbH
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 Siemens AG
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 General Electric Co
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 RINA SpA
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
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Middle East & Africa Power System Analysis Software Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. Middle East Power System Analysis Software Market, Revenue and Forecast To 2028 - By Country (US$ Million)
Table 3. Saudi Arabia Power System Analysis Software Market, Revenue and Forecast to 2028 - By Deployment Model (US$ Million)
Table 4. Saudi Arabia Power System Analysis Software Market, Revenue and Forecast to 2028 - By Application (US$ Million)
Table 5. Saudi Arabia Power System Analysis Software Market, Revenue and Forecast to 2028 - By Voltage Type (US$ Million)
Table 6. Saudi Arabia Power System Analysis Software Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 7. UAE Power System Analysis Software Market, Revenue and Forecast to 2028 - By Deployment Model (US$ Million)
Table 8. UAE Power System Analysis Software Market, Revenue and Forecast to 2028 - By Application (US$ Million)
Table 9. UAE Power System Analysis Software Market, Revenue and Forecast to 2028 - By Voltage Type (US$ Million)
Table 10. UAE Power System Analysis Software Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 11. Qatar Power System Analysis Software Market, Revenue and Forecast to 2028 - By Deployment Model (US$ Million)
Table 12. Qatar Power System Analysis Software Market, Revenue and Forecast to 2028 - By Application (US$ Million)
Table 13. Qatar Power System Analysis Software Market, Revenue and Forecast to 2028 - By Voltage Type (US$ Million)
Table 14. Qatar Power System Analysis Software Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 15. Kuwait Power System Analysis Software Market, Revenue and Forecast to 2028 - By Deployment Model (US$ Million)
Table 16. Kuwait Power System Analysis Software Market, Revenue and Forecast to 2028 - By Application (US$ Million)
Table 17. Kuwait Power System Analysis Software Market, Revenue and Forecast to 2028 - By Voltage Type (US$ Million)
Table 18. Kuwait Power System Analysis Software Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 19. Oman Power System Analysis Software Market, Revenue and Forecast to 2028 - By Deployment Model (US$ Million)
Table 20. Oman Power System Analysis Software Market, Revenue and Forecast to 2028 - By Application (US$ Million)
Table 21. Oman Power System Analysis Software Market, Revenue and Forecast to 2028 - By Voltage Type (US$ Million)
Table 22. Oman Power System Analysis Software Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 23. Rest of Middle East Power System Analysis Software Market, Revenue and Forecast to 2028 - By Deployment Model (US$ Million)
Table 24. Rest of Middle East Power System Analysis Software Market, Revenue and Forecast to 2028 - By Application (US$ Million)
Table 25. Rest of Middle East Power System Analysis Software Market, Revenue and Forecast to 2028 - By Voltage Type (US$ Million)
Table 26. Rest of Middle East 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. Middle East & Africa Power System Analysis Software Market Segmentation
Figure 2. Middle East & Africa Power System Analysis Software Market Segmentation - By Country
Figure 3. Middle East & Africa Power System Analysis Software Market Overview
Figure 4. On Premises Segment held the Largest Share of Middle East & Africa Power System Analysis Software Market
Figure 5. Electric Power Generation Segment held the Largest Share of Middle East & Africa Power System Analysis Software Market
Figure 6. Low Voltage Segment held the Largest Share of Middle East & Africa Power System Analysis Software Market
Figure 7. Oil and Gas Segment held the Largest Share of Middle East & Africa Power System Analysis Software Market
Figure 8. Saudi Arabia to Show Great Traction During Forecast Period
Figure 9. Middle East & Africa: PEST Analysis
Figure 10. Expert Opinion
Figure 11. Middle East & Africa Power System Analysis Software Market Impact Analysis of Drivers and Restraints
Figure 12. Middle East & Africa Power System Analysis Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Middle East & Africa Power System Analysis Software Market Revenue Share, By Deployment Model (2022 and 2028)
Figure 14. On Premises: Middle East & Africa Power System Analysis Software Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 15. Cloud: Middle East & Africa Power System Analysis Software Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 16. Middle East & Africa Power System Analysis Software Market Revenue Share, By Application (2022 and 2028)
Figure 17. Electric Power Generation: Middle East & Africa Power System Analysis Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 18. Electric Power Distribution: Middle East & Africa Power System Analysis Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. Electric Power Transmission: Middle East & Africa Power System Analysis Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 20. Middle East & Africa 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. Middle East & Africa 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. Middle East Power System Analysis Software Market - Revenue, (2022) (US$ Million)
Figure 33. Middle East Power System Analysis Software Market Breakdown, by Country, 2022 & 2028 (%)
Figure 34. Saudi Arabia Power System Analysis Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 35. UAE Power System Analysis Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 36. Qatar Power System Analysis Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 37. Kuwait Power System Analysis Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 38. Oman Power System Analysis Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 39. Rest of Middle East Power System Analysis Software Market, Revenue and Forecast to 2028 (US$ Million)
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