![]() ![]() China will remain among the fastest growing in this cluster of regional markets. These regional markets accounting for a combined market size of US$133.4 Million in the year 2020 will reach a projected size of US$178.5 Million by the close of the analysis period. In the global Device Coordination Selectivity segment, USA, Canada, Japan, China and Europe will drive the 4.2% CAGR estimated for this segment. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR while Rest of European market (as defined in the study) will reach US$321.9 Million by the year 2027.ĭevice Coordination Selectivity Segment Corners a 17.7% Share in 2020 Among 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. 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. 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. Global Power System Simulators Market to Reach US$1.5 Billion by the Year 2027Īmid 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.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. ![]()
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