China, the world second largest economy, is forecast to reach an estimated market size of US$321.9 Million in the year 2027 trailing a CAGR of 9.3% through 2027.Īmong the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.4% respectively over the 2020-2027 period. The country currently accounts for a 27.06% share in the global market. is estimated at US$270.1 Million in the year 2020. The Power System Simulators market in the U.S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 9.2% CAGR for the Period of 2020-2027 This segment currently accounts for a 22.9% share of the global Power System Simulators market. Load Flow, one of the segments analyzed in the report, is projected to grow at a 7.3% CAGR to reach US$486.1 Million by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Short Circuit segment is readjusted to a revised 6.3% CAGR for the next 7-year period. DUBLIN-( BUSINESS WIRE)-The "Power System Simulators - Global Market Trajectory & Analytics" report has been added to 's offering.Īmid the COVID-19 crisis, the global market for Power System Simulators estimated at US$998.2 Million in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 5.9% over the analysis period 2020-2027.
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