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Power Plant Simulators Market

Power Plant Simulators Market By Power Plant Type (Thermal Power Plant, Nuclear Power Plant, Hydropower Plant, Renewable Energy, Bio Gas Power Plant, Natural Gas Power Plant), By End-User (Power Plants, Educational Institutes & Training Centers, Industries) – Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026
Report Book

Published Date: Aug. 2018
Category: Technology & Media
Report ID: 59240
Report Format: PDF
No of Pages: 190

Rating: Credence Reports

Industry Outlook

The constant rise in demand for electric energy, as well as the increasing pressure to maximize the utilization of available resources, propelled the power plant simulator market to grow at a 3.6% CAGR from 2018 to 2026. A power plant is a combination of millions of systems and sub-systems working together toward the common goal of generating electricity. Each system and sub-system has its own significance and plays a crucial role in maintaining the overall plant efficiency and operational safety. Handing over critical responsibilities at a power plant to new recruits and inexperienced employees can result in a significant decline in plant efficiency and can invite unwanted mishaps due to negligence. In order to avoid any unwanted accidents and a decline in plant capabilities, power plant companies train their employees at power plant simulators. The increasing number of power plants around the world necessitates the use of highly trained professionals to operate them. Consequently, the demand for power plant simulators to train employees is projected to grow significantly in the coming years.

Market Synopsis

Thermal and nuclear power plants are preparing to make way for renewable energy plants.

Thermal power plants witnessed a sharp decline of 73% in the construction of new thermal power plants in the last two years (2016–2017), especially in China and India, two of the leading thermal power plant countries across the world. Thermal power plant erection reductions had a negative impact on thermal power plant simulator sales. However, the addition of 50 new nuclear reactors to an existing tally of 450 is expected to drive the market for nuclear power plant simulators in the coming years. Besides all power plants, a notable growth in the construction of renewable energy power plants has been observed compared to other power plants across the globe. This created tremendous opportunities for the renewable energy power plant simulator market to go past the thermal and nuclear power plant simulator markets in terms of market value beyond the forecast period from 2018 to 2026.

Power plant end-user to mark its presence with the highest market value

At present, power plants are the biggest end-user of power plant simulators in terms of market value. Power plants across the globe, irrespective of the type, require their employees to be ready for any unwanted circumstances and maintain the continuity of electric generation. Power plants procure their own power plant training simulators to prepare their employees for any possible situational problems before deploying them to the actual installation. Consequently, power plants are the biggest consumers of power plant simulators and, hence, the major contributors to the overall market value. Individuals and government educational and training institutes are the second largest contributors. Governments in developing nations are encouraging educational institutes to procure power plant simulators in order to train more and more citizens and create employment across the power sector.

Future Power Plant Simulators Market to Focus on Developing Countries in Asia Pacific

North America and Europe have the biggest share of the overall market for power plant simulators. The presence of a number of nuclear and other power plants has generated considerable demand for power plant simulators in North America, especially in the U.S. Similarly, the growing significance of renewable energy sources has encouraged the market for renewable energy power plant simulators in Europe in the past few years. Both regions faced each other closely in the market value race in 2017. Asia Pacific is the most promising market for power plant simulators in the coming years. A significant increase in power demand, combined with government initiatives to meet those demands, created tremendous opportunities for the market to grow. In addition, the incorporation of renewable energy sources for power generation is expected to generate demands for renewable energy power plant simulators in the coming years.

Market Segmentation

By power plant type

  • Thermal Power Plant
  • nuclear power plant
  • Hydropower Plant
  • Renewable Energy Plant
  • Biogas Power Plant
  • Natural Gas Power Plant

By end-user (2016-2026; billions of dollars)

  • Power Plants
  • Educational Institutes and Training Centers
  • Industries

Geography (2016-2026; USD Billion)

  • North America
    • U.S.
    • rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • Middle East and Africa
    • Latin America

Technological advancement is the key for power plant simulator companies to stay on top.

Some of the biggest and most established companies in the power plant sector are engaged in designing and manufacturing power plant simulators for training. These companies are in a race with each other to engineer simulators for every possible situation that can arise during the operation of a power plant. Smaller companies often approach educational institutes and training centers to acquire contracts for providing simulators. The biggest challenge for power plant simulator suppliers is to identify potential geographical regions and expand their business presence in those areas. A few of the top power plant simulator designing and manufacturing companies profiled in this research study include The Emerson Electric Company, Hitachi-GE Nuclear Energy, Ltd., Siemens AG, SimGenics, LLC, GSE Systems, CTI Simulation International Corporation, Corys, Western Services Corporation, General Electric Company, and ABB Group, among others.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Power Plant Simulators Market
2.2 Global Power Plant Simulators Market, by Power Plant Type
2.3 Global Power Plant Simulators Market, by End-user
2.4 Global Power Plant Simulators Market, by Geography

Chapter 3 Market Dynamics
3.1 Global Power Plant Simulators Market Overview
3.1 Market Dynamics
3.1.1 Market Drivers
3.1.1.1 Growing Number of Power Plants along with the Growing Demand for Energy
3.1.1.2 Reduction in Operating Cost and Better Risk Management
3.1.1.3 Incorporation of Renewable Energy and Technological Advancements
3.1.2 Market Challenges
3.1.2.1 High Initial Investment
3.2 See-Saw Analysis
3.2.1 Impact Analysis of Drivers and Restraints
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Market Positioning of Key Players, 2017
3.4.1 Major Strategies Adopted by Key Players

Chapter 4 Global Power Plant Simulators Market Analysis, by Power Plant Type
4.1 Overview
4.1.1 Global Power Plant Simulators Market Value Share, by Power Plant Type, 2017 & 2026 (Value, %)
4.1.2 Global Power Plant Simulators Market Value, by Power Plant Type, 2016 – 2026 (US$ Bn)
4.2 Thermal Power Plant
4.2.1 Global Thermal Power Plant Simulators Market, 2016 – 2026 (US$ Bn)
4.3 Nuclear Power Plant
4.3.1 Global Nuclear Power Plant Simulators Market, 2016 – 2026 (US$ Bn) 36
4.4 Hydropower Plant
4.4.1 Global Hydropower Plant Simulators Market, 2016 – 2026 (US$ Bn)
4.5 Renewable Energy
4.5.1 Global Renewable Energy Power Plant Simulators Market, 2016 – 2026 (US$ Bn)
4.6 Bio Gas Power Plant
4.6.1 Global Bio Gas Power Plant Simulators Market, 2016 – 2026 (US$ Bn)
4.7 Natural Gas Power Plant
4.7.1 Global Natural Gas Power Plant Simulators Market, 2016 – 2026 (US$ Bn)

Chapter 5 Global Power Plant Simulators Market Analysis, by End-user
5.1 Overview
5.1.1 Global Power Plant Simulators Market Value Share, by End-user, 2017 & 2026 (Value, %)
5.1.2 Global Power Plant Simulators Market Value, by End-user, 2016 – 2026 (US$ Bn)
5.2 Power Plants
5.2.1 Global Power Plant Simulators Market for Power Plants, 2016 – 2026 (US$ Bn)
5.3 Educational Institutes & Training Centers
5.3.1 Global Power Plant Simulators Market for Educational Institutes & Training Centers, 2016 – 2026 (US$ Bn)
5.4 Industries
5.4.1 Global Power Plant Simulators Market for Industries, 2016 – 2026 (US$ Bn)

Chapter 6 North America Power Plant Simulators Market Analysis
6.1 Overview
6.1.1 North America Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
6.2 North America Power Plant Simulators Market, by Power Plant Type, 2016 – 2026 (US$ Bn)
6.2.1 Comparative Analysis
6.3 North America Power Plant Simulators Market Analysis, by End-user, 2016 – 2026 (US$ Bn)
6.3.1 Comparative Analysis
6.4 North America Power Plant Simulators Market Analysis, by Country, 2016 – 2026 (US$ Bn)
6.4.1 U.S.
6.4.2 Rest of North America

Chapter 7 Europe Power Plant Simulators Market Analysis
7.1 Overview
7.1.1 Europe Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
7.2 Europe Power Plant Simulators Market, by Power Plant Type, 2016 – 2026 (US$ Bn)
7.2.1 Comparative Analysis
7.3 Europe Power Plant Simulators Market Analysis, by End-user, 2016 – 2026 (US$ Bn)
7.3.1 Comparative Analysis
7.4 Europe Power Plant Simulators Market Analysis, by Country, 2016 – 2026 (US$ Bn)
7.4.1 U.K.
7.4.2 Germany
7.4.3 France
7.4.4 Rest of Europe

Chapter 8 Asia Pacific Power Plant Simulators Market Analysis
8.1 Overview 57
8.1.1 Asia Pacific Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
8.2 Asia Pacific Power Plant Simulators Market, by Power Plant Type, 2016 – 2026 (US$ Bn)
8.2.1 Comparative Analysis
8.3 Asia Pacific Power Plant Simulators Market Analysis, by End-user, 2016 – 2026 (US$ Bn)
8.3.1 Comparative Analysis
8.4 Asia Pacific Power Plant Simulators Market Analysis, by Country, 2016 – 2026 (US$ Bn)
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific

Chapter 9 Rest of the World (RoW) Power Plant Simulators Market Analysis
9.1 Overview 63
9.1.1 RoW Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
9.2 RoW Power Plant Simulators Market, by Power Plant Type, 2016 – 2026 (US$ Bn)
9.2.1 Comparative Analysis
9.3 RoW Power Plant Simulators Market Analysis, by End-user, 2016 – 2026 (US$ Bn)
9.3.1 Comparative Analysis
9.4 RoW Power Plant Simulators Market Analysis, by Country, 2016 – 2026 (US$ Bn)
9.4.1 Middle East & Africa (MEA)
9.4.2 Latin America

Chapter 10 Company Profiles
10.1 The Emerson Electric Company
10.2 Hitachi-GE Nuclear Energy, Ltd.
10.3 Siemens AG
10.4 SimGenics, LLC
10.5 GSE Systems
10.6 CTI Simulation International Corporation
10.7 Corys
10.8 Western Services Corporation
10.9 General Electric Company
10.10 ABB Group

List of Figures

FIG. 1 Global Power Plant Simulators Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Power Plant Simulators Market Segmentation
FIG. 4 Global Power Plant Simulators Market, by Power Plant Type, 2017 (US$ Bn)
FIG. 5 Global Power Plant Simulators Market, by End-user, 2017 (US$ Bn)
FIG. 6 Global Power Plant Simulators Market, by Geography, 2017 (US$ Bn)
FIG. 7 Global Power Plant Simulators Market Value and Growth, 2016 – 2026, (US$ Bn) (Y-o-Y %)
FIG. 8 See-Saw Analysis: Global Industrial Mezzanines Market
FIG. 9 Attractive Investment Proposition, by Geography, 2017
FIG. 10 Global Market Positioning of Key Power Plant Simulators Companies, 2017
FIG. 11 Global Power Plant Simulators Market Value Share, by Power Plant Type, 2017 & 2026 (Value, %)
FIG. 12 Global Thermal Power Plant Simulators Market, 2016 – 2026 (US$ Bn)
FIG. 13 Global Nuclear Power Plant Simulators Market, 2016 – 2026 (US$ Bn)
FIG. 14 Global Hydropower Plant Simulators Market, 2016 – 2026 (US$ Bn)
FIG. 15 Global Renewable Energy Power Plant Simulators Market, 2016 – 2026 (US$ Bn)
FIG. 16 Global Bio Gas Power Plant Simulators Market, 2016 – 2026 (US$ Bn)
FIG. 17 Global Natural Gas Power Plant Simulators Market, 2016 – 2026 (US$ Bn)
FIG. 18 Global Power Plant Simulators Market Value Share, by End-user, 2017 & 2026 (Value, %)
FIG. 19 Global Power Plant Simulators Market for Power Plants, 2016 – 2026 (US$ Bn)
FIG. 20 Global Power Plant Simulators Market for Educational Institutes & Training Centers, 2016 – 2026 (US$ Bn)
FIG. 21 Global Power Plant Simulators Market for Industries, 2016 – 2026 (US$ Bn)
FIG. 22 North America Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
FIG. 23 U.S. Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
FIG. 24 Rest of North America Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
FIG. 25 Europe Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
FIG. 26 U.K. Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
FIG. 27 Germany Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
FIG. 28 France Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
FIG. 29 Rest of Europe Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
FIG. 30 Asia Pacific Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
FIG. 31 China Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
FIG. 32 Japan Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
FIG. 33 India Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
FIG. 34 Rest of Asia Pacific Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
FIG. 35 RoW Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
FIG. 36 Middle East & Africa (MEA) Power Plant Simulators Market Value, 2016-2026, (US$ Bn)
FIG. 37 Latin America Power Plant Simulators Market Value, 2016-2026, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Power Plant Simulators Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global Power Plant Simulators Market, by Power Plant Type, 2016 – 2026 (US$ Bn)
TABLE 5 Global Power Plant Simulators Market, by End-user, 2016 – 2026 (US$ Bn)
TABLE 6 North America Power Plant Simulators Market, by Power Plant Type, 2016 – 2026 (US$ Bn)
TABLE 7 North America Power Plant Simulators Market, by End-user, 2016 – 2026 (US$ Bn)
TABLE 8 Europe Power Plant Simulators Market, by Power Plant Type, 2016 – 2026 (US$ Bn)
TABLE 9 Europe Power Plant Simulators Market, by End-user, 2016 – 2026 (US$ Bn)
TABLE 10 Asia Pacific Power Plant Simulators Market, by Power Plant Type, 2016 – 2026 (US$ Bn)
TABLE 11 Asia Pacific Power Plant Simulators Market, by End-user, 2016 – 2026 (US$ Bn)
TABLE 12 RoW Power Plant Simulators Market, by Power Plant Type, 2016 – 2026 (US$ Bn)
TABLE 13 RoW Power Plant Simulators Market, by End-user, 2016 – 2026 (US$ Bn)
TABLE 14 The Emerson Electric Company: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 15 Hitachi-GE Nuclear Energy, Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 16 Siemens AG: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 17 SimGenics, LLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 18 GSE Systems: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 19 CTI Simulation International Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 20 Corys: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 21 Western Services Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Recent Development)
TABLE 22 General Electric Company: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 23 ABB Group: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development)

Frequently Asked Questions

What is the size of Power Plant Simulators Market?

The market for Power Plant Simulators is expected to reach US$ XX Bn in 2026.

What is the Power Plant Simulators Market CAGR?

The Power Plant Simulators market is expected to see significant CAGR growth over the coming years,at 3.6%.

What is the Forecast period considered for Power Plant Simulators Market?

The report is forecasted from 2018-2026.

What is the base year considered for Power Plant Simulators Market?

The base year of this report is 2017.

Who are the major players in this Market?

The Emerson Electric Company,Hitachi-GE Nuclear Energy, Ltd.,Siemens AG,SimGenics, LLC,GSE Systems are some of the major players in the global market.

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