Major operator training simulator market participants include ABB Group, Applied Research Associate, Inc., Andritz Automation, AspenTech, Aveva Group PLC, DNV-GL, DuPont, FLSmidth, Schneider Electric SE, Siemens AG, and Yokogawa Electric Corporation.
Selbyville, Delaware, November 23, 2021 (Global News Agency)-
According to the latest research by Global Market Insights Inc., by 2027, the market size of operator training simulators is expected to reach US$20 billion. Strict regulations to maintain environmental compliance and safe operation will drive the adoption of operator training simulators.
By 2027, the service sector in the operator training simulator market is expected to achieve an 11% growth rate. The hardware and software of the system need to be efficient, calibrated and reliable to guide employees in accordance with the company's specifications. Accepting regular after-sales service can provide timely inspections, reduce downtime and update software to ensure the effective operation of the simulator and save costs and time. Several companies have purchased a complete package with a fixed warranty period, which covers multiple service aspects.
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By 2027, the energy and power end-use sectors are expected to account for 15% of the market share. The growing demand for skilled operators in the energy and power plant sectors will drive market demand for operator training simulators. In hazardous environments, companies focus on educating their operators to improve the safety of employees and facilities. Several companies are planning to install simulator technology to maintain key parameters of the site.
Due to technological developments in the region, the North American operator training simulator market will show growth within the forecast period. In order to improve the product range and enhance the technical training experience of employees, companies in the region are establishing strategic partnerships. For example, in July 2021, Union College and Serious Labs announced the development of advanced forklift and mobile elevating work platform simulators. A sports-based VR system will provide training on rugged terrain. The two companies plan to introduce this technology in the next few years to reduce overall operating costs. Advances in technology will create growth opportunities for the industry.
Some of the major companies operating in the market include ABB Group, Applied Research Associate, Inc., Andritz Automation, AspenTech, Aveva Group PLC, DNV-GL, DuPont, FLSmidth, Schneider Electric SE, Siemens AG, and Yokogawa Electric Corporation.
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Some of the main findings of the operator training simulator market report are:
The growing demand for skilled labor in different industries will drive market value. Players are training their employees to improve their safety and reduce accidents in the facility.
The integration of high-end technologies such as artificial intelligence, virtual reality, cloud services, and augmented reality will promote industry demand. System integration enables companies to educate employees in a real-world environment and provide detailed training modules.
The developing chemical industry is increasingly investing in the digital transformation of facilities to improve the operational efficiency of enterprises. Several companies are installing remote applications to test and build different process models to create a safer environment for their employees.
The cost-effectiveness provided by the system will support market growth for this technology. In addition, virtual simulation training in different scenarios helps the business reduce overall costs without interfering with the actual process.
Report Catalog (ToC):
Chapter 3 Operator Training Simulator Market Insights
3.2 Impact of the Coronavirus (COVID-19) Pandemic
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About Global Market Insight
Global Market Insights Inc., headquartered in Delaware, is a global market research and consulting service provider, providing joint and customized research reports and growth consulting services. Our business intelligence and industry research reports provide customers with insightful insights and actionable market data designed and presented to help strategic decision-making. These detailed reports are designed through proprietary research methods and can be used in key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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