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Power System Analysis Software Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

NEW YORK, April 21, 2016 /PRNewswire/ -- This report aims to provide a comprehensive strategic analysis of the global power system analysis software market along with revenue and growth forecasts for the period from 2014 to 2024. The deployment of this software enables utility providers to optimize their efficiency and minimize losses occurring in electricity generation and distribution. Data is generated from smart components such as meters, automated distribution systems, and sensing and measurement devices; this is then transmitted to the utility station for further predictive analysis. Through such predictive analysis, utility providers seek to cater to the ever-increasing demand for electricity more efficiently and with optimum returns on investment (ROI). This is one of the most important drivers for the growing deployment of power system analysis software around the world.

This research study on the global power system analysis software market provides a detailed analysis of how this software is deployed in distribution and transmission networks. The report offers an in-depth study of the market drivers, restraints, and growth opportunities. Using these factors, the report identifies various trends expected to impact the market during the forecast period from 2016 to 2024. It includes a comprehensive coverage of the underlying economic, environmental, and technological factors influencing the power system analysis software...