The electrical digital twin market is projected to reach USD 1.3 billion by 2026 from an estimated USD 0.8 billion in 2021, at a CAGR of 12.2% during the forecast period. The global electrical digital twin market is driven by the reduction in unplanned downtime and operation & maintenance costs and the increase in efficiency and optimization of operations of power sector owing to the use of electrical digital twins. Growing demand to achieve network-level optimization and the increasing adoption of advanced technologies for the implementation of digital twin applications are expected to offer lucrative opportunities for the electrical digital twin market during the forecast period
The cloud segment, by deployment type, is expected to be the fastest-growing market from 2021 to 2026
The deployment type segment is categorized as cloud and on-premise. The cloud segment of the electrical digital twin market is expected to grow at the fastest rate during the forecast period, as cloud-based solutions offer various advantages, such as scalability, adaptability, cost-effectiveness, and low energy consumption, due to which their adoption rate is increasing at a significant rate across organizations.
The digital gas & steam power plant segment, by twin type, is expected to be the largest market from 2021 to 2026
The digital gas & steam power plant segment held the largest share of the electrical digital twin market as power sector operators globally are gradually planning to implement digital twins of gas and steam power plants to reduce emission and fuel consumption of gas and steam turbine assets. The digital twins of gas and steam power plants can also help operators optimize their strategies, improve machine and equipment health, and increase reliability through performance management.
North America: The largest and the fastest-growing region in the electrical digital twin market.
North America is expected to dominate the global electrical digital twin market between 2021-2026. North America has aging power infrastructures, which may increase the risk of a widespread blackout. Therefore, governments of different countries in this region are actively focusing on upgrading and replacing aging infrastructures for improved grid reliability and resilience, along with enabling smart electricity networks. Digital twin technologies help utilities in the region analyze and model their power generation operations amid the ever-changing generation resource mix.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.
The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
- By Designation: C-Level- 30%, D-Level- 25%, and Others- 45%
- By Region: North America- 33%, Europe- 27%, Asia Pacific- 20%,- 4%, and South America-12%, Middle East & Africa- 8%
Note: “Others” include sales managers, engineers, and regional managers
The tiers of the companies are defined based on their total revenue as of 2019: Tier 1: >USD 1 billion, Tier 2: USD 500 million-1 billion, and Tier 3: <USD 500 million
The electrical digital twin market is dominated by a few major players that have a wide regional presence. The leading players in the electrical digital twin market are ABB (Switzerland), General Electric (US), Siemens (Germany), Emerson (US), and AVEVA Group (UK). Some of the other major players include Schneider Electric (France), Microsoft (US), Wipro (India), SAS Institute (US), SAP (Germany), IBM (US), ANSYS (US), Bentley Systems (US), and others.
Study Coverage:
The report defines, describes, and forecasts the electrical digital twin market, by twin type, usage type, deployment type, end user, application, and geography. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the electrical digital twin market.
Key Benefits of Buying the Report
- The report identifies and addresses the key markets for electrical digital twin operations and services, which would help electrical digital twin providers review the growth in demand.
- The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
- The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Inclusions and Exclusions
1.3.1 Electrical Digital Twin Market, by Application
1.4 Market Scope
1.4.1 Electrical Digital Twin Market: Segmentation
1.4.2 Geographic Scope
1.5 Years Considered
1.6 Currency
1.7 Limitations
1.8 Stakeholders
1.9 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 1 Electrical Digital Twin Market: Research Design
2.2 Market Breakdown and Data Triangulation
Figure 2 Data Triangulation Methodology
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data from Primary Sources
2.2.2.2 Breakdown of Primaries
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
2.3.3 Demand Side Metrics
Figure 5 Main Metrics Considered for Analysing and Assessing Demand for Electrical Digital Twins
2.3.3.1 Demand Side Calculations
2.3.3.2 Assumptions for Demand Side Analysis
2.3.4 Supply Side Analysis
Figure 6 Key Steps Considered for Assessing Supply of Electrical Digital Twins
Figure 7 Electrical Digital Twin Market: Supply Side Analysis
2.3.4.1 Supply Side Calculations
2.3.4.2 Assumptions for Supply Side
2.3.5 Forecast
3 Executive Summary
Table 1 Electrical Digital Twin Market Snapshot
Figure 8 North America Dominated Electrical Digital Twin Market in 2020
Figure 9 Digital Gas & Steam Power Plant Segment to Account for Largest Share of Electrical Digital Twin Market, by Twin Type, from 2021 to 2026
Figure 10 System Digital Twin Segment to Lead Electrical Digital Twin Market During Forecast Period
Figure 11 On-Premise Segment to Hold Larger Share of Electrical Digital Twin Market, by Deployment Type, During Forecast Period
Figure 12 Utilities Segment to Account for Larger Share of Electrical Digital Twin Market, by End-user, During Forecast Period
Figure 13 Asset Performance Management Segment to Account for Largest Share of Electrical Digital Twin Market, by Application, from 2021 to 2026
4 Premium Insights
4.1 Attractive Opportunities in Electrical Digital Twin Market
Figure 14 Integration of Renewable Energy into Electric Distribution and Transmission Systems and Decentralization of Distributed Energy Resources to Drive Growth of Electrical Digital Twin Market Between 2021 and 2026
4.2 Electrical Digital Twin Market, by Region
Figure 15 North American Electrical Digital Twin Market to Exhibit Highest CAGR During Forecast Period
4.3 North American Electrical Digital Twin Market, by Twin Type and Country
Figure 16 Digital Gas & Steam Power Plant Segment and Us Held Largest Shares of North American Electrical Digital Twin Market in 2020
4.4 Electrical Digital Twin Market, by Twin Type
Figure 17 Digital Gas & Steam Power Plant Segment to Account for Largest Market Share, by Twin Type, by 2026
4.5 Electrical Digital Twin Market, by Usage Type
Figure 18 System Digital Twin Segment to Dominate Electrical Digital Twin Market, by Usage Type, in 2026
4.6 Electrical Digital Twin Market, by Deployment Type
Figure 19 Cloud to be Fastest-Growing Segment of Electrical Digital Twin Market, by Deployment Type, by 2026
4.7 Electrical Digital Twin Market, by Application
Figure 20 Asset Performance Management Segment to Dominate Electrical Digital Twin Market, by Application, in 2026
4.8 Electrical Digital Twin Market, by End-user
Figure 21 Utilities Segment to Dominate Electrical Digital Twin Market, by End-user, in 2026
5 Market Overview
5.1 Introduction
5.2 COVID-19 Health Assessment
Figure 22 Global Propagation of COVID-19
Figure 23 Propagation of COVID-19 Cases in Selected Countries
5.3 COVID-19 Economic Assessment
Figure 24 Revised Gdp for Selected G20 Countries in 2020
5.4 Market Dynamics
Figure 25 Electrical Digital Twin Market: Drivers, Restraints, Opportunities, and Challenges
5.4.1 Drivers
5.4.1.1 Integration of Variable Renewable Energy and Decentralization of Distributed Energy Resources Using Electrical Digital Twins
Figure 26 Global Power Generation, by Source, 2010-2020
5.4.1.2 Increase in Efficiency and Optimization of Operations of Power Sector
5.4.1.3 Reduction in Unplanned Downtime and Operation & Maintenance Costs
5.4.2 Restraints
5.4.2.1 System Complexities and Availability of Accurate Mathematical Models
5.4.2.2 Data Privacy and Security Concerns due to Use of IoT and Cloud Platforms
5.4.3 Opportunities
5.4.3.1 Emergence of Energy 4.0 and Adoption of Advanced Technologies for Implementation of Digital Twin Applications
5.4.3.2 Achieving Network-Level Optimization
5.4.3.3 Accelerated Digital Transformation Across Power Sector due to COVID-19
5.4.4 Challenges
5.4.4.1 Limited Support for Deployment from Stakeholders
5.4.4.2 Lack of Skilled Workforce
5.4.4.3 Uncertainty of Cost Benefits Involved in Adoption of Electrical Digital Twins
5.5 Trends/Disruptions Impacting Customer's Business
5.5.1 Revenue Shift and New Revenue Pockets for Electrical Digital Twin Providers
Figure 27 Revenue Shift for Electrical Digital Twin Providers
5.6 Market Map
Figure 28 Market Map: Electrical Digital Twin Market
5.7 Value Chain Analysis
Figure 29 Value Chain Analysis: Electrical Digital Twin Market
5.7.1 Research, Design, and Development
5.7.2 Original Equipment Manufacturers (Oems)
5.7.3 Electrical Digital Twin Solution/Software/Service Providers
5.7.4 End-users
5.8 Technology Analysis
5.8.1 Electrical Digital Twins Based on Different Technologies
5.8.1.1 Cloud/Software as a Service
5.8.1.2 Internet of Things (Iot) and Industrial Internet of Things (Iiot)
5.8.1.3 Blockchain
5.8.1.4 Artificial Intelligence (Ai) and Machine Learning (Ml)
5.8.1.5 Augmented Reality (Ar)
5.8.1.6 5G
5.9 Electrical Digital Twin Market: Codes and Regulations
Table 2 Electrical Digital Twin: Codes and Regulations
5.10 Innovations and Patent Registrations
Table 3 Electrical Digital Twin: Innovations and Patent Registrations, November 2016-September 2021
5.11 Porter's Five Forces Analysis
Figure 30 Porter's Five Forces Analysis for Electrical Digital Twin Market
Table 4 Electrical Digital Twin Market: Porter's Five Forces Analysis
5.11.1 Threat of Substitutes
5.11.2 Bargaining Power of Suppliers
5.11.3 Bargaining Power of Buyers
5.11.4 Threat of New Entrants
5.11.5 Intensity of Competitive Rivalry
5.12 Case Study Analysis
Table 5 Electrical Digital Twin Market: Case Study Analysis
6 Electrical Digital Twin Market, by Twin Type
6.1 Introduction
Figure 31 Electrical Digital Twin Market Share, by Twin Type, 2020 (%)
Table 6 Electrical Digital Twin Market, by Twin Type, 2019-2026 (USD Million)
6.2 Digital Gas & Steam Power Plant
6.2.1 Growing Need to Enhance Efficiency and Reduce Fuel Consumption and Environmental Emissions to Increase Implementation of Digital Gas & Steam Power Plants
Table 7 Electrical Digital Twin Market for Digital Gas & Steam Power Plant, by Region, 2019-2026 (USD Million)
6.3 Digital Wind Farm
6.3.1 Growing Need for Enhancing Turbine Uptime to Drive Growth of Digital Wind Farms
Table 8 Electrical Digital Twin Market for Digital Wind Find, by Region, 2019-2026 (USD Million)
6.4 Digital Grid
6.4.1 Rising Need for Integrating Renewables with Grids to Boost Demand for Process Digital Twins
Table 9 Electrical Digital Twin Market for Digital Grid, by Region, 2019-2026 (USD Million)
6.5 Digital Hydropower Plant
6.5.1 Increasing Focus on Maintaining Integrity of Assets to Drive Demand for Digital Hydropower Plants
Table 10 Electrical Digital Twin Market for Digital Hydropower Plant, by Region, 2019-2026 (USD Million)
6.6 Distributed Energy Resources
6.6.1 Growing Need for Real-Time Monitoring, Controlling, and Optimization of Distributed Energy Sources to Boost Growth of Segment
Table 11 Electrical Digital Twin Market for Distributed Energy Resources, by Region, 2019-2026 (USD Million)
7 Electrical Digital Twin Market, by Usage Type
7.1 Introduction
Figure 32 Electrical Digital Twin Market Share, by Usage Type, 2020 (%)
Table 12 Electrical Digital Twin Market, by Usage Type, 2019-2026 (USD Million)
7.2 Product Digital Twin
7.2.1 Growing Need for Asset Monitoring and Performance Management to Increase Implementation of Electrical Product Digital Twins
Table 13 Product Electrical Digital Twin Market, by Region, 2019-2026 (USD Million)
7.3 Process Digital Twin
7.3.1 Growing Need for Enhancing Workflow Efficiency and Process Optimization to Drive Growth of Process Digital Twin Segment
Table 14 Process Electrical Digital Twin Market, by Region, 2019-2026 (USD Million)
7.4 System Digital Twin
7.4.1 Growing Need for Achieving Network-Level Optimization to Fuel Demand for System Digital Twins
Table 15 System Electrical Digital Twin Market, by Region, 2019-2026 (USD Million)
8 Electrical Digital Twin Market, by Deployment Type
8.1 Introduction
Figure 33 Electrical Digital Twin Market Share, by Deployment Type, 2020
Table 16 Electrical Digital Twin Market, by Deployment Type, 2019-2026 (USD Million)
8.2 On-Premise
8.2.1 Security Concerns Related to Sensitive Data to Fuel Demand for On-Premise Deployment Type
Table 17 Electrical Digital Twin Market for On-Premise Deployment, by Region, 2019-2026 (USD Million)
8.3 Cloud
8.3.1 Ease of Deployment, Cost-Effectiveness, and Scalability to Drive Demand for Cloud Deployment of Electrical Digital Twins
Table 18 Electrical Digital Twin Market for Cloud Deployment, by Region, 2019-2026 (USD Million)
9 Electrical Digital Twin Market, by End-user
9.1 Introduction
Figure 34 Electrical Digital Twin Market Share, by End-user, 2020 (%)
Table 19 Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
9.2 Utilities
9.2.1 Growing Adoption of Renewable Energy and Advanced Digital Technologies to Drive Growth of Utilities Segment
Table 20 Electrical Digital Twin Market for Utilities, by Region, 2019-2026 (USD Million)
9.3 Grid Infrastructure Operators
9.3.1 Growing Need for Grid Modernization to Boost Growth of Electrical Digital Twin Market
Table 21 Electrical Digital Twin Market for Grid Infrastructure Operators, by Region, 2019-2026 (USD Million)
10 Electrical Digital Twin Market, by Application
10.1 Introduction
Figure 35 Electrical Digital Twin Market Share, by Application, 2020 (%)
Table 22 Electrical Digital Twin Market, by Application, 2019-2026 (USD Million)
10.2 Asset Performance Management
10.2.1 Growing Need for Continuous Monitoring and Predictive Maintenance of Assets to Drive Growth of Asset Performance Management Segment
10.2.1.1 Equipment Health
10.2.1.2 Reliability Management
10.2.1.3 Maintenance Optimization
Table 23 Electrical Digital Twin Market for Asset Performance Management, by Region, 2019-2026 (USD Million)
10.3 Business & Operations Optimization
10.3.1 Growing Need for Operational Flexibility and Reducing Downtime to Boost Growth of Business & Operations Optimization Segment
10.3.1.1 Operational Flexibility
10.3.1.2 Outage Management
Table 24 Electrical Digital Twin Market for Business & Operations Optimization, by Region, 2019-2026 (USD Million)
11 Geographic Analysis
11.1 Introduction
Figure 36 Electrical Digital Twin Market Share, by Region, 2020 (%)
Figure 37 North American Electrical Digital Twin Market to Register Highest CAGR from 2021 to 2026
Table 25 Electrical Digital Twin Market, by Region, 2019-2026 (USD Million)
11.2 North America
Figure 38 Snapshot: North American Electrical Digital Twin Market
Table 26 North America Electrical Digital Twin Market, by Twin Type, 2019-2026 (USD Million)
Table 27 North America Electrical Digital Twin Market, by Usage Type, 2019-2026 (USD Million)
Table 28 North America Electrical Digital Twin Market, by Deployment Type, 2019-2026 (USD Million)
Table 29 North America Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
Table 30 North America Electrical Digital Twin Market, by Application, 2019-2026 (USD Million)
Table 31 North America Electrical Digital Twin Market, by Country, 2019-2026 (USD Million)
11.2.1 US
11.2.1.1 Initiatives to Upgrade Aging Infrastructure and Increasing Federal and Private Investments to Drive Growth of Us Electrical Digital Twin Market
Table 32 Us Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
11.2.2 Canada
11.2.2.1 Growing Adoption of Renewables and Advanced Technologies to Boost Demand for Electrical Digital Twins in Canada
Table 33 Canada Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
11.2.3 Mexico
11.2.3.1 Increasing Investments in Renewables and Decarbonization of Mexican Power Sector to Fuel Demand for Electrical Digital Twins
Table 34 Mexico Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
11.3 Europe
Figure 39 Snapshot: European Electrical Digital Twin Market
Table 35 Europe Electrical Digital Twin Market, by Twin Type, 2019-2026 (USD Million)
Table 36 Europe Electrical Digital Twin Market, by Usage Type, 2019-2026 (USD Million)
Table 37 Europe Electrical Digital Twin Market, by Deployment Type, 2019-2026 (USD Million)
Table 38 Europe Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
Table 39 Europe Electrical Digital Twin Market, by Application, 2019-2026 (USD Million)
Table 40 Europe Electrical Digital Twin Market, by Country, 2019-2026 (USD Million)
11.3.1 Germany
11.3.1.1 Growing Need to Ensure Grid Stability to Drive Growth of German Market
Table 41 Germany Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
11.3.2 UK
11.3.2.1 Growing Demand for Wind Energy to Increase Deployment of Electrical Digital Twins in UK
Table 42 UK Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
11.3.3 France
11.3.3.1 Digitalization of Legacy Infrastructure and Growing Need for Improving Operational Efficiency to Boost Demand for Electrical Digital Twins in France
Table 43 France Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
11.3.4 Nordic Countries
11.3.4.1 Growing Preference for Real-Time and Remote Monitoring of Wind Farms to Boost Market Growth
Table 44 The Nordic Countries Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
11.3.5 Rest of Europe
Table 45 Rest of Europe Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
11.4 Asia-Pacific
Table 46 Asia-Pacific Electrical Digital Twin Market, by Twin Type, 2019-2026 (USD Million)
Table 47 Asia-Pacific Electrical Digital Twin Market, by Usage Type, 2019-2026 (USD Million)
Table 48 Asia-Pacific Electrical Digital Twin Market, by Deployment Type, 2019-2026 (USD Million)
Table 49 Asia-Pacific Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
Table 50 Asia-Pacific Electrical Digital Twin Market, by Application, 2019-2026 (USD Million)
Table 51 Asia-Pacific Electrical Digital Twin Market, by Country, 2019-2026 (USD Million)
11.4.1 China
11.4.1.1 Increasing Renewable Capacity Addition and Development of Electric Vehicle Charging Infrastructure to Fuel Market Growth
Table 52 China Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
11.4.2 Japan
11.4.2.1 Increasing Private and Public Investments in Renewable Capacity Addition to Drive Growth of Electrical Digital Twin Market in Japan
Table 53 Japan Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
11.4.3 Australia
11.4.3.1 Increasing Demand for Grid Reliability and Energy Security to Boost Market Growth in Australia
Table 54 Australia Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
11.4.4 Rest of Asia-Pacific
Table 55 Rest of Asia-Pacific Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
11.5 South America
Table 56 South America Electrical Digital Twin Market, by Twin Type, 2019-2026 (USD Million)
Table 57 South America Electrical Digital Twin Market, by Usage Type, 2019-2026 (USD Million)
Table 58 South America Electrical Digital Twin Market, by Deployment Type, 2019-2026 (USD Million)
Table 59 South America Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
Table 60 South America Electrical Digital Twin Market, by Application, 2019-2026 (USD Million)
Table 61 South America Electrical Digital Twin Market, by Country, 2019-2026 (USD Million)
11.5.1 Brazil
11.5.1.1 Increasing Government-Led Investments to Improve Reliability of Power Generation, Transmission, and Distribution Assets to Fuel Market Growth
Table 62 Brazil Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
11.5.2 Argentina
11.5.2.1 Growing Demand for Renewable Energy and Need for Improving Operational Efficiency to Fuel Demand for Electrical Digital Twins in Argentina
Table 63 Argentina Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
11.5.3 Rest of South America
Table 64 Rest of South America Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
11.6 Middle East & Africa
Table 65 Middle East & Africa Electrical Digital Twin Market, by Twin Type, 2019-2026 (USD Million)
Table 66 Middle East & Africa Electrical Digital Twin Market, by Usage Type, 2019-2026 (USD Million)
Table 67 Middle East & Africa Electrical Digital Twin Market, by Deployment Type, 2019-2026 (USD Million)
Table 68 Middle East & Africa Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
Table 69 Middle East & Africa Electrical Digital Twin Market, by Application, 2019-2026 (USD Million)
Table 70 Middle East & Africa Electrical Digital Twin Market, by Country, 2019-2026 (USD Million)
11.6.1 Saudi Arabia
11.6.1.1 Grid Modernization and Digitalization Initiatives to Boost Market Growth in Saudi Arabia
Table 71 Saudi Arabia Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
11.6.2 UAE
11.6.2.1 Rising Investments in Renewable Energy and Grid Expansion Projects to Create Demand for Electrical Digital Twins in Argentina
Table 72 UAE Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
11.6.3 South Africa
11.6.3.1 Growing Need to Prevent Outages and Improve Energy Efficiency to Fuel Growth of Electrical Digital Twin Market in South Africa
Table 73 South Africa Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
11.6.4 Rest of Middle East & Africa
Table 74 Rest of Middle East & Africa Electrical Digital Twin Market, by End-user, 2019-2026 (USD Million)
12 Competitive Landscape
12.1 Key Players Strategies
Table 75 Overview of Key Strategies Deployed by Top Players, January 2017-September 2021
12.2 Market Share Analysis of Top Five Players
Table 76 Electrical Digital Twin Market: Degree of Competition
Figure 40 Electrical Digital Twin Market Share Analysis, 2020
12.3 Revenue Analysis of Top Five Market Players
Figure 41 Top Players in Electrical Digital Twin Market from 2016 to 2020
12.4 Company Evaluation Quadrant
12.4.1 Star
12.4.2 Pervasive
12.4.3 Emerging Leader
12.4.4 Participant
Figure 42 Competitive Leadership Mapping: Electrical Digital Twin Market, 2020
Table 77 Application: Company Footprint
Table 78 End-user: Company Footprint
Table 79 Region: Company Footprint
Table 80 Company Footprint
12.5 Competitive Scenario
Table 81 Electrical Digital Twin Market: Product Launches, April 2019-July 2021
Table 82 Electrical Digital Twin Market: Deals, November 2019-June 2021
Table 83 Electrical Digital Twin Market: Others, December 2018-September 2021
13 Company Profiles
13.1 Key Players
(Business and Financial Overview, Products Offered, Recent Developments, and Analyst's View)*
13.1.1 Abb
Table 84 Abb: Business Overview
Figure 43 Abb: Company Snapshot
Table 85 Abb: Products Offered
Table 86 Abb: Product Launches
Table 87 Abb: Deals
13.1.2 Aveva Group
Table 88 Aveva: Business Overview
Figure 44 Aveva Group: Company Snapshot
Table 89 Aveva Group: Products Offered
Table 90 Aveva Group: Deals
13.1.3 General Electric
Table 91 General Electric: Business Overview
Figure 45 General Electric: Company Snapshot
Table 92 General Electric: Products Offered
Table 93 General Electric: Product Launches
Table 94 General Electric: Deals
Table 95 General Electric: Others
13.1.4 Siemens
Table 96 Siemens: Business Overview
Figure 46 Siemens: Company Snapshot
Table 97 Siemens: Products Offered
Table 98 Siemens: Product Launches
Table 99 Siemens: Deals
13.1.5 Emerson
Table 100 Emerson: Business Overview
Figure 47 Emerson: Company Snapshot
Table 101 Emerson: Products Offered
Table 102 Emerson: Product Launches
Table 103 Emerson: Deals
13.1.6 Etteplan
Table 104 Etteplan: Business Overview
Figure 48 Etteplan: Company Snapshot
Table 105 Etteplan: Products Offered
Table 106 Etteplan: Deals
Table 107 Etteplan: Others
13.1.7 Wipro
Table 108 Wipro: Business Overview
Figure 49 Wipro: Company Snapshot
Table 109 Wipro: Products Offered
Table 110 Wipro: Deals
Table 111 Wipro: Others
13.1.8 Mircosoft
Table 112 Microsoft: Business Overview
Figure 50 Microsoft: Company Snapshot
Table 113 Microsoft: Products Offered
Table 114 Microsoft: Product Launches
Table 115 Microsoft: Deals
13.1.9 Ibm
Table 116 Ibm: Business Overview
Figure 51 Ibm: Company Snapshot
Table 117 Ibm: Products Offered
Table 118 Ibm: Product Launches
Table 119 Ibm: Deals
13.1.10 Schneider Electric
Table 120 Schneider Electric: Business Overview
Figure 52 Schneider Electric: Company Snapshot
Table 121 Schneider Electric: Products Offered
Table 122 Schneider Electric: Product Launches
Table 123 Schneider Electric: Deals
13.1.11 Sap
Table 124 Sap: Business Overview
Figure 53 Sap: Company Snapshot
Table 125 Sap: Products Offered
Table 126 Sap: Product Launches
Table 127 Sap: Deals
13.1.12 Ansys
Table 128 Ansys: Business Overview
Figure 54 Ansys: Company Snapshot
Table 129 Ansys: Products Offered
Table 130 Ansys: Product Launches
Table 131 Ansys: Deals
13.1.13 Bentley Systems
Table 132 Bentley Systems: Business Overview
Figure 55 Bentley Systems: Company Snapshot
Table 133 Bentley Systems: Products Offered
Table 134 Bentley Systems: Product Launches
Table 135 Bentley Systems: Deals
13.1.14 Fujitsu
Table 136 Fujitsu: Business Overview
Figure 56 Fujitsu: Company Snapshot
Table 137 Fujitsu: Products Offered
Table 138 Fujitsu: Product Launches
Table 139 Fujitsu: Others
13.1.15 Acpd Services
Table 140 Acpd Services: Business Overview
Table 141 Acpd Services: Products Offered
13.2 Other Players
13.2.1 Oracle
13.2.2 Sas Institute
13.2.3 Altair Engineering
13.2.4 Dnv
13.2.5 Phdsoft
*Details on Business and Financial Overview, Products Offered, Recent Developments, and Analyst's View Might Not be Captured in Case of Unlisted Companies.
14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Nowledge Store
14.4 Available Customizations
Companies Mentioned
- Abb
- Aveva Group
- General Electric
- Siemens
- Emerson
- Etteplan
- Wipro
- Mircosoft
- Ibm
- Schneider Electric
- Sap
- Ansys
- Bentley Systems
- Fujitsu
- Acpd Services
- Oracle
- Sas Institute
- Altair Engineering
- Dnv
- Phdsoft
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 217 |
| Published | November 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 751 Million |
| Forecasted Market Value ( USD | $ 1337.3 Million |
| Compound Annual Growth Rate | 12.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
