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South America 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 132 Pages I The Insight Partners
The South America power system analysis software market is expected to grow from US$ 457.32 million in 2023 to US$ 710.93 million by 2028. It is estimated to grow at a CAGR of 9.2% from 2023 to 2028.
Rising Adoption of Smart Grid Technology Drive South America Power System Analysis Software Market
The energy demand is increasing day by day with the rise in urbanization, living standards, disposable income, and adoption of advanced technologies. There is rise in consumption of electricity due to the increase in demand from the residential and business sector worldwide which creates complexity in power grids. With rise in complexity of power grids, there is a rise in need for sustainable, reliable, efficient, and secure power distribution and production. With the rise in electricity consumption and demand, its production and distribution are becoming challenging. To address this challenge, the power grids are made smarter, and this concept is called Smart Grid. Smart grid technology uses electricity networks to distribute, monitor, and manage the electricity from production sites to the end user. It is a smart integration of connected devices and units that gives robust electric supply to electric utility companies and end users. It runs on smart control system, communication, and intelligent distribution of electric supply. In addition, the global initiative to use this technology is rising to address environmental concerns such as CO2 emission. Such initiatives will boost the demand and adoption of smart grid technology, further propelling the adaption of power system analysis software. Governments and industry players are introducing various technologies and additions to existing technologies to ease workflow and boost productivity of power system by introducing power system solutions. The growing population worldwide is remarkably impacting the demand for outputs from oil & gas, manufacturing, mining, and many other industries. To cater to this enormously increasing demand for outputs from these industries, industry players will adopt smart grid technology, propelling the South America power system analysis software market growth.
South America Power System Analysis Software Market Overview
Based on country, the South America power system analysis software market is segmented into Brazil, Argentina, and the Rest of South America. The rise in population contributes to the demand for electricity. According to the World Population Review, the population of South America is 439.71 million in 2023, and Brazil is the fifth most populous country with a population of 210 million, which is further expected to reach 218 million by 2060. With the adoption of digitization, the digital transformation of businesses has become a top priority across SOUTH AMERICA countries such as Brazil, Argentina, Chile, and Peru. The increasing government initiative to promote the adoption of digital technologies across businesses for smooth operations are catalyzing the demand for power system analysis software among industries. The increasing population across the region is boosting the demand for energy, pushing the several industries to adopt digital solutions for power system management for strategic growth planning. This, in turn, is contributing to the growth of the South America power system analysis software market in South America. Furthermore, according to GlobalFirePower in 2023, Brazil has the largest coal reserves in South America, predicted at nearly 6.6 billion metric tons. After Brazil, Colombia ranked second with ~4.5 billion metric tons in 2023, followed by Chile with 1.1 billion metric tons. Brazil is one of the leading coal producers in the region, and most of the coal is directed into power generation. Thus, the presence of coal reserves contributes to the electricity generation by coal, boosting the demand for power system analysis software for efficiently managing the power. Additionally, the region has a large number of operating refineries, which will further promote the use of power system analysis software to optimize the performance and production of these refineries.
South America Power System Analysis Software Market Revenue and Forecast to 2028 (US$ Million)
South America Power System Analysis Software Market Segmentation
The South America power system analysis software market is segmented into deployment model, application, voltage type, industry vertical, and country.
Based on deployment model, the South America power system analysis software market is bifurcated into cloud and on-premises. In 2023, the on-premises segment registered a larger share in the South America power system analysis software market.
Based on application, the South America 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 South America power system analysis software market.
Based on voltage type, the South America 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 South America power system analysis software market.
Based on industry vertical, the South America 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 South America power system analysis software market.
Based on country, the South America power system analysis software market is segmented into Brazil, Argentina, and the Rest of South America. In 2023, Brazil segment registered a largest share in the South America 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 South America 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 South America Power System Analysis Software Market - By Deployment Model
1.3.2 South America Power System Analysis Software Market - By Application
1.3.3 South America Power System Analysis Software Market - By Voltage Type
1.3.4 South America Power System Analysis Software Market - By Industry Vertical
1.3.5 South America 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. South America Power System Analysis Software Market Landscape
4.1 Market Overview
4.2 South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. South America 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 - South America Analysis
6.1 South America Power System Analysis Software Market - Revenue and Forecast to 2028 (US$ Million)
7. South America Power System Analysis Software Market Analysis - By Deployment Model
7.1 Overview
7.2 South America Power System Analysis Software Market, By Deployment Model (2022 and 2028)
7.3 On Premises
7.3.1 Overview
7.3.2 On Premises: South America Power System Analysis Software Market - Revenue, and Forecast to 2028 (US$ Million)
7.4 Cloud
7.4.1 Overview
7.4.2 Cloud: South America Power System Analysis Software Market - Revenue, and Forecast to 2028 (US$ Million)
8. South America Power System Analysis Software Market Analysis - By Application
8.1 Overview
8.2 South America 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: South America 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: South America 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: South America Power System Analysis Software Market- Revenue and Forecast to 2028 (US$ Million)
9. South America Power System Analysis Software Market Analysis - By Voltage Type
9.1 Overview
9.2 South America 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. South America Power System Analysis Software Market Analysis - By Industry Vertical
10.1 Overview
10.2 South America 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. South America Power System Analysis Software Market - Country Analysis
11.1 Overview
11.1.1 South America Power System Analysis Software Market Breakdown, by Country
11.1.1.1 Brazil Power System Analysis Software Market, Revenue and Forecast to 2028
11.1.1.1.1 Brazil Power System Analysis Software Market Breakdown, By Deployment Model
11.1.1.1.2 Brazil Power System Analysis Software Market Breakdown, By Application
11.1.1.1.3 Brazil Power System Analysis Software Market Breakdown, By Voltage Type
11.1.1.1.4 Brazil Power System Analysis Software Market Breakdown, By Industry Vertical
11.1.1.2 Argentina Power System Analysis Software Market, Revenue and Forecast to 2028
11.1.1.2.1 Argentina Power System Analysis Software Market Breakdown, By Deployment Model
11.1.1.2.2 Argentina Power System Analysis Software Market Breakdown, By Application
11.1.1.2.3 Argentina Power System Analysis Software Market Breakdown, By Voltage Type
11.1.1.2.4 Argentina Power System Analysis Software Market Breakdown, By Industry Vertical
11.1.1.3 Rest of South America Power System Analysis Software Market, Revenue and Forecast to 2028
11.1.1.3.1 Rest of SOUTH AMERICA Power System Analysis Software Market Breakdown, By Deployment Model
11.1.1.3.2 Rest of SOUTH AMERICA Power System Analysis Software Market Breakdown, By Application
11.1.1.3.3 Rest of SOUTH AMERICA Power System Analysis Software Market Breakdown, By Voltage Type
11.1.1.3.4 Rest of SOUTH AMERICA 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. South America Power System Analysis Software Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. South America Power System Analysis Software Market, Revenue and Forecast To 2028 - By Country (US$ Million)
Table 3. Brazil Power System Analysis Software Market, Revenue and Forecast to 2028 - By Deployment Model (US$ Million)
Table 4. Brazil Power System Analysis Software Market, Revenue and Forecast to 2028 - By Application (US$ Million)
Table 5. Brazil Power System Analysis Software Market, Revenue and Forecast to 2028 - By Voltage Type (US$ Million)
Table 6. Brazil Power System Analysis Software Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 7. Argentina Power System Analysis Software Market, Revenue and Forecast to 2028 - By Deployment Model (US$ Million)
Table 8. Argentina Power System Analysis Software Market, Revenue and Forecast to 2028 - By Application (US$ Million)
Table 9. Argentina Power System Analysis Software Market, Revenue and Forecast to 2028 - By Voltage Type (US$ Million)
Table 10. Argentina Power System Analysis Software Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 11. Rest of SOUTH AMERICA Power System Analysis Software Market, Revenue and Forecast to 2028 - By Deployment Model (US$ Million)
Table 12. Rest of SOUTH AMERICA Power System Analysis Software Market, Revenue and Forecast to 2028 - By Application (US$ Million)
Table 13. Rest of SOUTH AMERICA Power System Analysis Software Market, Revenue and Forecast to 2028 - By Voltage Type (US$ Million)
Table 14. Rest of SOUTH AMERICA Power System Analysis Software Market, Revenue and Forecast to 2028 - By Industry Vertical (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Power System Analysis Software Market Segmentation
Figure 2. South America Power System Analysis Software Market Segmentation - By Country
Figure 3. South America Power System Analysis Software Market Overview
Figure 4. On Premises Segment held the Largest Share of South America Power System Analysis Software Market
Figure 5. Electric Power Generation Segment held the Largest Share of South America Power System Analysis Software Market
Figure 6. Low Voltage Segment held the Largest Share of South America Power System Analysis Software Market
Figure 7. Oil and Gas Segment held the Largest Share of South America Power System Analysis Software Market
Figure 8. Brazil to Show Great Traction During Forecast Period
Figure 9. South America: PEST Analysis
Figure 10. Expert Opinion
Figure 11. South America Power System Analysis Software Market Impact Analysis of Drivers and Restraints
Figure 12. South America Power System Analysis Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. South America Power System Analysis Software Market Revenue Share, By Deployment Model (2022 and 2028)
Figure 14. On Premises: South America Power System Analysis Software Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 15. Cloud: South America Power System Analysis Software Market - Revenue, and Forecast to 2028 (US$ Million)
Figure 16. South America Power System Analysis Software Market Revenue Share, By Application (2022 and 2028)
Figure 17. Electric Power Generation: South America Power System Analysis Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 18. Electric Power Distribution: South America Power System Analysis Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 19. Electric Power Transmission: South America Power System Analysis Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 20. South America 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. South America 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. South America Power System Analysis Software Market - Revenue (2022) (US$ Million)
Figure 33. South America Power System Analysis Software Market Breakdown, by Country, 2022 & 2028 (%)
Figure 34. Brazil Power System Analysis Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 35. Argentina Power System Analysis Software Market, Revenue and Forecast to 2028 (US$ Million)
Figure 36. Rest of South America Power System Analysis Software Market, Revenue and Forecast to 2028 (US$ Million)
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