The global market for Power System Simulator is projected to reach US$1. 3 billion by 2025

New York, Sept. 25, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Power System Simulators Industry” – https://www.reportlinker.com/p05959759/?utm_source=GNW
Approximately 65% of energy consumed to generate electricity is wasted as conversion losses. Simulation helps analyze the power system and its behavior in hypothetical scenarios to identify opportunities for improvement in the real world. Power systems simulation programs use mathematical optimization techniques like quadratic programming, linear programming and mixed integer programming. Few of the elements for simulation include cable ampacity analysis; DC auxiliary power system analysis; Ground mat analysis; Harmonic analysis; Motor-starting analysis; Protective device coordination analysis; Short-circuit analysis; Stability analysis; Switching transients analysis. The basic premise of using simulation for a real power system is to observe and transform the system in a model, which involves formulating mathematical equations to describe a phenomenon. Power systems simulation programs use mathematical optimization techniques like quadratic programming, linear programming and mixed integer programming. An important aspect of power system modeling/ simulation is the proper selection of hypotheses and simplifying the way in which proper balance accuracy and computational cost are achieved. Major elements of electrical power systems for which modeling/simulation is undertaken include cable ampacity analysis, dc auxiliary power system analysis, ground mat analysis, harmonic analysis, motor-starting analysis, protective device coordination analysis, reliability analysis, short-circuit analysis, stability analysis, switching transients analysis.
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