Power System Simulator Market to Reach $ 1.38 Billion by 2025
Rapidly increasing power sector and rising adoption of Internet of Things and cloud-based platforms to drive Global Power Simulator System Market through 2025. According to TechSci Research report, “ Global Power System Simulator Market By Module, By Offerings, By End-Users, By Region, Competition, Forecast & Opportunities, 2025 ” , the Power System Simulator Market market is projected to surpass USD1.38 billion by 2025 due to rising investments in renewable energy such as solar & wind energy coupled with increasing focus on improving power generation capabilities. Additionally, growing demand for the product due to its ability to reduce project time and costs is likely to create lucrative growth avenues for businesses in the coming years. Increasing number of government initiatives and infrastructural expansion of electric grid in emerging economies is expected to further propel the global power system simulator market in the forecast period. However, risk of ...