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Global Power System Simulators Market to Reach $1.4 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Power System Simulators estimated at US$961.4 Million in the year 2020, is projected to reach a revised size of US$1.4 Billion by 2027, growing at a CAGR of 6% over the analysis period 2020-2027. Load Flow, one of the segments analyzed in the report, is projected to record a 7% CAGR and reach US$462.7 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Short Circuit segment is readjusted to a revised 6.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $238.7 Million, While China is Forecast to Grow at 7.2% CAGR
The Power System Simulators market in the U.S. is estimated at US$238.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$169.2 Million by the year 2027 trailing a CAGR of 7.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$148.5 Million by the year 2027.

Device Coordination Selectivity Segment to Record 5% CAGR
In the global Device Coordination Selectivity segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$111.9 Million in the year 2020 will reach a projected size of US$149.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.6% CAGR through the analysis period.