Electrical Design Software Market - Global Forecast to 2028
Report Code: UC 6473 Jan, 2025, by marketsandmarkets.com
The electrical design software market encompasses tools and solutions used by professionals in electrical engineering and related industries for designing and simulating electrical systems. It can include software for circuit design, schematic capture, PCB (Printed Circuit Board) layout, and simulation. Simulating and analyzing electrical systems for performance, reliability, and safety has become crucial. Modern electrical design software often includes advanced simulation and analysis tools.
The global Electrical Design Software market size is expected to grow from an estimated value of USD XX.X billion in 2023 to USD XX.X billion by 2028 at a Compound Annual Growth Rate (CAGR) of XX.X% from 2023 to 2028. Electrical design software is evolving to include features that help architects and engineers comply with emerging sustainability regulations and building codes. Tools are being developed to assess the environmental impact of electrical systems throughout their lifecycle, promoting sustainable design practices.
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Growth Drivers:
- Automation and AI: Software with intelligent features like automated circuit generation, material estimation, and error checking is in high demand.
- Integration with other software: Interoperability with CAD tools and PLM systems improves workflow efficiency.
- Cloud adoption: Cloud-based solutions offer improved accessibility and collaboration, leading to broader adoption.
Challenges and Trends:
- Cybersecurity concerns: Protecting sensitive electrical design data is crucial, driving demand for secure software solutions.
- Talent shortage: The lack of skilled electrical design engineers challenges market growth.
- Focus on sustainability: Software with features like energy-efficient design optimization is gaining traction.
Key Players in the Market:
Dassault Systemes, Siemens, Autodesk, ABB, Schneider Electric, SCADA Systems, ETAP, Cadmatic, Zuken, and Bentley are a few key players in the global electrical design software market.
Recent Developments:
Autodesk:
- March 2023: Autodesk Revit Electrical: Integration with BIM workflows through Revit.
- September 2023: Autodesk launched AutoCAD Electrical: Enhanced automation tools.
Bentley Systems:
- May 2023: OpenBuildings Electrical: Interoperability with OpenBuildings Station Designer
- June 2022: Bentley released MicroStation PowerPro: Advanced analysis tools.
- iTwin technology: The first electrical system iTwin was created in July 2023.
Siemens:
- Siemens STAR/Siemens Xcelerator: The integrated suite was launched in October 2022.
- Smaragd Suite: The latest version was released in November 2023.
EPLAN:
- EPLAN ePD: The cloud-based platform was launched in September 2022.
- EPLAN Smart Engineering: AI and ML features were introduced in April 2023.
Schneider Electric:
- EcoStruxure Power Design: The cloud-based solution was launched in February 2023.
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TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakup of primary profiles
2.1.2.2 Key industry insights
2.2 MARKET BREAKUP AND DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
2.4 MARKET FORECAST
2.5 RESEARCH ASSUMPTIONS
2.6 LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 BRIEF OVERVIEW OF THE ELECTRICAL DESIGN SOFTWARE MARKET
4.2 MARKET, BY COMPONENT, 2023–2028
4.3 MARKET, BY SOFTWARE CATEGORY, 2023–2028
4.4 MARKET, BY ORGANIZATION SIZE, 2023–2028
4.5 MARKET, BY APPLICATION AREA, 2023–2028
4.6 ELECTRICAL DESIGN SOFTWARE MARKET INVESTMENT SCENARIO, BY REGION
5 MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.2 RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.4 CHALLENGES
5.3 CASE STUDY ANALYSIS
5.4 VALUE CHAIN ANALYSIS
5.5 ECOSYSTEM
5.6 PORTER’S FIVE FORCES MODEL ANALYSIS
5.7 PRICING ANALYSIS
5.8 TECHNOLOGY ANALYSIS
5.9 PATENT ANALYSIS
5.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
5.11 TARIFF AND REGULATORY LANDSCAPE
5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.12.2 BUYING CRITERIA
5.13 KEY CONFERENCES AND EVENTS IN 2023-24
6 ELECTRICAL DESIGN SOFTWARE MARKET, BY COMPONENT
6.1 INTRODUCTION
6.1.1 COMPONENT: MARKET DRIVERS
6.2 SOFTWARE
6.3 SERVICES
7 ELECTRICAL DESIGN SOFTWARE MARKET, BY SOFTWARE CATEGORY
7.1 INTRODUCTION
7.1.1 SOFTWARE CATEGORY: MARKET DRIVERS
7.2 CAD-BASED ELECTRICAL DESIGN SOFTWARE
7.3 PCB DESIGN SOFTWARE
7.4 PLC PROGRAMMING SOFTWARE
7.5 CABLE & WIRE HARNESS DESIGN SOFTWARE
7.6 POWER SYSTEM ANALYSIS SOFTWARE
7.7 SIMULATION AND ANALYSIS SOFTWARE
7.8 BUILDING INFORMATION MODELING (BIM) ELECTRICAL SOFTWARE
7.9 OTHER SOFTWARE CATEGORIES
8 ELECTRICAL DESIGN SOFTWARE MARKET, BY DEPLOYMENT MODE
8.1 INTRODUCTION
8.1.1 DEPLOYMENT MODE: MARKET DRIVERS
8.2 CLOUD-BASED
8.3 ON-PREMISES
9 ELECTRICAL DESIGN SOFTWARE MARKET, BY ORGANIZATION SIZE
9.1 INTRODUCTION
9.1.1 ORGANIZATION SIZE: MARKET DRIVERS
9.2 LARGE ENTERPRISES
9.3 SMALL AND MEDIUM ENTERPRISES (SMES)
10 ELECTRICAL DESIGN SOFTWARE MARKET, BY APPLICATION AREA (QUALITATIVE)
10.1 INTRODUCTION
10.2 POWER SYSTEMS ENGINEERING
10.3 BUILDING SERVICES
10.4 INDUSTRIAL AUTOMATION
10.5 TRANSPORTATION & MOBILITY
10.6 OTHER APPLICATION AREAS (MEDICAL DEVICE, RESEARCH & DEVELOPMENT ETC.)
11 ELECTRICAL DESIGN SOFTWARE MARKET, BY END-USE INDUSTRY
11.1 INTRODUCTION
11.1.1 END-USE INDUSTRY: MARKET DRIVERS
11.2 TELECOM & DATA CENTRE
11.3 AEROSPACE & DEFENSE
11.4 INDUSTRIAL (ENERGY & UTILITIES/ OIL & GAS)
11.5 REAL ESTATE & CONSTRUCTION
11.6 AUTOMOTIVE
11.7 OTHER END-USE INDUSTRIES (EDUCATION & TRAINING, HEALTHCARE ETC.)
(Please note: Chapter 6 to 11 might change a bit during the market study)
12 ELECTRICAL DESIGN SOFTWARE MARKET, BY REGION
12.1 INTRODUCTION
12.2 NORTH AMERICA
12.2.1 NORTH AMERICA: MARKET DRIVERS
12.2.2 NORTH AMERICA: RECESSION IMPACT
12.2.3 NORTH AMERICA: REGULATORY LANDSCAPE
12.2.4 UNITED STATES
12.2.5 CANADA
12.3 EUROPE
12.3.1 EUROPE: MARKET DRIVERS
12.3.2 EUROPE: RECESSION IMPACT
12.3.3 EUROPE: REGULATORY LANDSCAPE
12.3.4 UNITED KINGDOM
12.3.5 GERMANY
12.3.6 FRANCE
12.3.7 ITALY
12.3.8 REST OF EUROPE
12.4 ASIA PACIFIC
12.4.1 ASIA PACIFIC: MARKET DRIVERS
12.4.2 ASIA PACIFIC: RECESSION IMPACT
12.4.3 ASIA PACIFIC: REGULATORY LANDSCAPE
12.4.4 CHINA
12.4.5 JAPAN
12.4.6 INDIA
12.4.7 REST OF ASIA PACIFIC
12.5 MIDDLE EAST AND AFRICA
12.5.1 MIDDLE EAST AND AFRICA: MARKET DRIVERS
12.5.2 MIDDLE EAST AND AFRICA: RECESSION IMPACT
12.5.3 MIDDLE EAST AND AFRICA: REGULATORY LANDSCAPE
12.5.4 MIDDLE EAST
12.5.5 AFRICA
12.6 LATIN AMERICA
12.6.1 LATIN AMERICA: MARKET DRIVERS
12.6.2 LATIN AMERICA: RECESSION IMPACT
12.6.3 LATIN AMERICA: REGULATORY LANDSCAPE
12.6.4 BRAZIL
12.6.5 MEXICO
12.6.6 REST OF LATIN AMERICA
13 COMPETITIVE LANDSCAPE
13.1 KEY PLAYER STRATEGIES/RIGHT TO WIN
13.2 REVENUE ANALYSIS
13.3 MARKET SHARE ANALYSIS
13.4 COMPANY EVALUATION MATRIX
13.4.1 STARS
13.4.2 EMERGING LEADERS
13.4.3 PERVASIVE PLAYERS
13.4.4 PARTICIPANTS
13.4.5 COMPANY FOOTPRINT
13.5 START-UP/SME EVALUATION MATRIX
13.5.1 PROGRESSIVE COMPANIES
13.5.2 RESPONSIVE COMPANIES
13.5.3 DYNAMIC COMPANIES
13.5.4 STARTING BLOCKS
13.5.5 COMPETITIVE BENCHMARKING
13.6 COMPETITIVE SCENARIO AND TRENDS
13.6.1 NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS
13.6.2 DEALS
14 COMPANY PROFILES
14.1 KEY PLAYERS*
14.1.1 DASSAULT SYSTEMES
14.1.2 SIEMENS
14.1.3 AUTODESK
14.1.4 ABB
14.1.5 SCHNEIDER ELECTRIC
14.1.6 SCADA SYSTEMS
14.1.7 ETAP
14.1.8 CADMATIC
14.1.9 ZUKEN
14.1.10 BENTLEY
14.2 OTHER KEY PLAYERS
(*Note – A minimum of 25 vendors will be shortlisted for profiling as the research progresses. A Financial Snapshot will be provided for publicly listed companies only. Client can suggest vendors to be profiled as well)
15 ADJACENT MARKETSS
15.1 INTRODUCTION TO ADJACENT MARKETS
15.2 LIMITATIONS
15.3 ELECTRICAL DESIGN SOFTWARE MARKET AND ADJACENT MARKETS
15.4 ADJACENT MARKET - 1
15.5 ADJACENT MARKET - 2
16 APPENDIX
16.1 DISCUSSION GUIDE
16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.3 AVAILABLE CUSTOMIZATIONS
16.4 RELATED REPORTS
16.5 AUTHOR DETAILS
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Growth opportunities and latent adjacency in Electrical Design Software Market