Modelica is an excellent way to perform these simulations. Exporting a functional mock-up unit (FMU) according to the FMI standard is a first-class capability [1] that is another huge source of value, especially for systems integrators. You are able to have reasonably obfuscated models of your system in untrusted hands, and they get the full benefit of your system model. This is one area where OpenModelica is ahead of competitors including the open-source ModelingToolkit.jl [2] and related library FMIExport.jl [3].