+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Electrical Digital Twin Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

  • Report

  • 300 Pages
  • February 2024
  • Region: Global
  • Infinium Global Research
  • ID: 5944280
Description Jump to:
The report on the global electrical digital twin market provides qualitative and quantitative analysis for the period from 2021-2030. The global electrical digital twin market was valued at USD 891.35 million in 2022 and is expected to reach USD 2601.83 million in 2030, with a CAGR of 12.51% during the forecast period 2023-2030. The study on electrical digital twin market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

The report on electrical digital twin market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global electrical digital twin market over the period of 2021-2030. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global electrical digital twin market over the period of 2021-2030. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

  • The electrical digital twin market is experiencing significant growth driven by a heightened focus on real-time monitoring and analytics.
  • Market expansion is propelled by the advanced integration of internet of things (IoT) devices and data, enabling a holistic representation of the entire electrical system.

2) Restraints

  • The complexity associated with implementing electrical digital twin solutions poses a challenge to market growth. Challenges may arise during integration with existing infrastructure, setting up realistic simulations, and ensuring interoperability.

3) Opportunities

  • Ongoing advancements in Artificial Intelligence (AI) and Machine Learning (ML) technologies present lucrative opportunities for enhancing analytics and predictive capabilities within electrical digital twins.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global electrical digital twin market is segmented on the basis of type, twin type, deployment type, and application.

The Global Electrical Digital Twin Market by Type

  • Digital Gas and Steam Power Plant
  • Digital Grid
  • Wind Farms
  • Others

The Global Electrical Digital Twin Market by Twin Type

  • Product Digital Twin
  • Process Digital Twin
  • System Digital Twin

The Global Electrical Digital Twin Market by Deployment Type

  • Cloud
  • On Primises

The Global Electrical Digital Twin Market by Application

  • Asset Performance Management
  • Business and Operations Optimization

Company Profiles

The companies covered in the report include
  • ABB Ltd.
  • AVEVA Group PLC
  • General Electric Company
  • Microsoft Corporation
  • Bentley Systems
  • Siemens AG
  • Schneider Electric SE
  • Wipro Limited
  • Oracle Corporation
  • Fujitsu Limited

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the electrical digital twin market.
2. Complete coverage of all the segments in the electrical digital twin market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global electrical digital twin market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

Table of Contents

Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Electrical Digital Twin Market Highlights
2.2. Electrical Digital Twin Market Projection
2.3. Electrical Digital Twin Market Regional Highlights
Chapter 3. Global Electrical Digital Twin Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter's Five Forces Analysis
3.4. Growth Matrix Analysis
3.4.1. Growth Matrix Analysis by Type
3.4.2. Growth Matrix Analysis by Twin Type
3.4.3. Growth Matrix Analysis by Deployment Type
3.4.4. Growth Matrix Analysis by Application
3.4.5. Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Electrical Digital Twin Market
Chapter 4. Electrical Digital Twin Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Electrical Digital Twin Market
5.2. Companies Profiles
5.2.1. ABB Ltd.
5.2.2. AVEVA Group PLC
5.2.3. General Electric Company
5.2.4. Microsoft Corporation
5.2.5. Bentley Systems
5.2.6. Siemens AG
5.2.7. Schneider Electric SE
5.2.8. Wipro Limited
5.2.9. Oracle Corporation
5.2.10. Fujitsu Limited
Chapter 6. Global Electrical Digital Twin Market by Type
6.1. Digital Gas and Steam Power Plant
6.2. Digital Grid
6.3. Wind Farms
6.4. Others
Chapter 7. Global Electrical Digital Twin Market by Twin Type
7.1. Product Digital Twin
7.2. Process Digital Twin
7.3. System Digital Twin
Chapter 8. Global Electrical Digital Twin Market by Deployment Type
8.1. Cloud
8.2. On Premises
Chapter 9. Global Electrical Digital Twin Market by Application
9.1. Asset Performance Management
9.2. Business and Operations Optimization
Chapter 10. Global Electrical Digital Twin Market by Region 2023-2030
10.1. North America
10.1.1. North America Electrical Digital Twin Market by Type
10.1.2. North America Electrical Digital Twin Market by Twin Type
10.1.3. North America Electrical Digital Twin Market by Deployment Type
10.1.4. North America Electrical Digital Twin Market by Application
10.1.5. North America Electrical Digital Twin Market by Country
10.1.5.1. The U.S. Electrical Digital Twin Market
10.1.5.1.1. The U.S. Electrical Digital Twin Market by Type
10.1.5.1.2. The U.S. Electrical Digital Twin Market by Twin Type
10.1.5.1.3. The U.S. Electrical Digital Twin Market by Deployment Type
10.1.5.1.4. The U.S. Electrical Digital Twin Market by Application
10.1.5.2. Canada Electrical Digital Twin Market
10.1.5.2.1. Canada Electrical Digital Twin Market by Type
10.1.5.2.2. Canada Electrical Digital Twin Market by Twin Type
10.1.5.2.3. Canada Electrical Digital Twin Market by Deployment Type
10.1.5.2.4. Canada Electrical Digital Twin Market by Application
10.1.5.3. Mexico Electrical Digital Twin Market
10.1.5.3.1. Mexico Electrical Digital Twin Market by Type
10.1.5.3.2. Mexico Electrical Digital Twin Market by Twin Type
10.1.5.3.3. Mexico Electrical Digital Twin Market by Deployment Type
10.1.5.3.4. Mexico Electrical Digital Twin Market by Application
10.2. Europe
10.2.1. Europe Electrical Digital Twin Market by Type
10.2.2. Europe Electrical Digital Twin Market by Twin Type
10.2.3. Europe Electrical Digital Twin Market by Deployment Type
10.2.4. Europe Electrical Digital Twin Market by Application
10.2.5. Europe Electrical Digital Twin Market by Country
10.2.5.1. Germany Electrical Digital Twin Market
10.2.5.1.1. Germany Electrical Digital Twin Market by Type
10.2.5.1.2. Germany Electrical Digital Twin Market by Twin Type
10.2.5.1.3. Germany Electrical Digital Twin Market by Deployment Type
10.2.5.1.4. Germany Electrical Digital Twin Market by Application
10.2.5.2. United Kingdom Electrical Digital Twin Market
10.2.5.2.1. United Kingdom Electrical Digital Twin Market by Type
10.2.5.2.2. United Kingdom Electrical Digital Twin Market by Twin Type
10.2.5.2.3. United Kingdom Electrical Digital Twin Market by Deployment Type
10.2.5.2.4. United Kingdom Electrical Digital Twin Market by Application
10.2.5.3. France Electrical Digital Twin Market
10.2.5.3.1. France Electrical Digital Twin Market by Type
10.2.5.3.2. France Electrical Digital Twin Market by Twin Type
10.2.5.3.3. France Electrical Digital Twin Market by Deployment Type
10.2.5.3.4. France Electrical Digital Twin Market by Application
10.2.5.4. Italy Electrical Digital Twin Market
10.2.5.4.1. Italy Electrical Digital Twin Market by Type
10.2.5.4.2. Italy Electrical Digital Twin Market by Twin Type
10.2.5.4.3. Italy Electrical Digital Twin Market by Deployment Type
10.2.5.4.4. Italy Electrical Digital Twin Market by Application
10.2.5.5. Rest of Europe Electrical Digital Twin Market
10.2.5.5.1. Rest of Europe Electrical Digital Twin Market by Type
10.2.5.5.2. Rest of Europe Electrical Digital Twin Market by Twin Type
10.2.5.5.3. Rest of Europe Electrical Digital Twin Market by Deployment Type
10.2.5.5.4. Rest of Europe Electrical Digital Twin Market by Application
10.3. Asia Pacific
10.3.1. Asia Pacific Electrical Digital Twin Market by Type
10.3.2. Asia Pacific Electrical Digital Twin Market by Twin Type
10.3.3. Asia Pacific Electrical Digital Twin Market by Deployment Type
10.3.4. Asia Pacific Electrical Digital Twin Market by Application
10.3.5. Asia Pacific Electrical Digital Twin Market by Country
10.3.5.1. China Electrical Digital Twin Market
10.3.5.1.1. China Electrical Digital Twin Market by Type
10.3.5.1.2. China Electrical Digital Twin Market by Twin Type
10.3.5.1.3. China Electrical Digital Twin Market by Deployment Type
10.3.5.1.4. China Electrical Digital Twin Market by Application
10.3.5.2. Japan Electrical Digital Twin Market
10.3.5.2.1. Japan Electrical Digital Twin Market by Type
10.3.5.2.2. Japan Electrical Digital Twin Market by Twin Type
10.3.5.2.3. Japan Electrical Digital Twin Market by Deployment Type
10.3.5.2.4. Japan Electrical Digital Twin Market by Application
10.3.5.3. India Electrical Digital Twin Market
10.3.5.3.1. India Electrical Digital Twin Market by Type
10.3.5.3.2. India Electrical Digital Twin Market by Twin Type
10.3.5.3.3. India Electrical Digital Twin Market by Deployment Type
10.3.5.3.4. India Electrical Digital Twin Market by Application
10.3.5.4. South Korea Electrical Digital Twin Market
10.3.5.4.1. South Korea Electrical Digital Twin Market by Type
10.3.5.4.2. South Korea Electrical Digital Twin Market by Twin Type
10.3.5.4.3. South Korea Electrical Digital Twin Market by Deployment Type
10.3.5.4.4. South Korea Electrical Digital Twin Market by Application
10.3.5.5. Australia Electrical Digital Twin Market
10.3.5.5.1. Australia Electrical Digital Twin Market by Type
10.3.5.5.2. Australia Electrical Digital Twin Market by Twin Type
10.3.5.5.3. Australia Electrical Digital Twin Market by Deployment Type
10.3.5.5.4. Australia Electrical Digital Twin Market by Application
10.3.5.6. Rest of Asia-Pacific Electrical Digital Twin Market
10.3.5.6.1. Rest of Asia-Pacific Electrical Digital Twin Market by Type
10.3.5.6.2. Rest of Asia-Pacific Electrical Digital Twin Market by Twin Type
10.3.5.6.3. Rest of Asia-Pacific Electrical Digital Twin Market by Deployment Type
10.3.5.6.4. Rest of Asia-Pacific Electrical Digital Twin Market by Application
10.4. RoW
10.4.1. RoW Electrical Digital Twin Market by Type
10.4.2. RoW Electrical Digital Twin Market by Twin Type
10.4.3. RoW Electrical Digital Twin Market by Deployment Type
10.4.4. RoW Electrical Digital Twin Market by Application
10.4.5. RoW Electrical Digital Twin Market by Sub-region
10.4.5.1. Latin America Electrical Digital Twin Market
10.4.5.1.1. Latin America Electrical Digital Twin Market by Type
10.4.5.1.2. Latin America Electrical Digital Twin Market by Twin Type
10.4.5.1.3. Latin America Electrical Digital Twin Market by Deployment Type
10.4.5.1.4. Latin America Electrical Digital Twin Market by Application
10.4.5.2. Middle East Electrical Digital Twin Market
10.4.5.2.1. Middle East Electrical Digital Twin Market by Type
10.4.5.2.2. Middle East Electrical Digital Twin Market by Twin Type
10.4.5.2.3. Middle East Electrical Digital Twin Market by Deployment Type
10.4.5.2.4. Middle East Electrical Digital Twin Market by Application
10.4.5.3. Africa Electrical Digital Twin Market
10.4.5.3.1. Africa Electrical Digital Twin Market by Type
10.4.5.3.2. Africa Electrical Digital Twin Market by Twin Type
10.4.5.3.3. Africa Electrical Digital Twin Market by Deployment Type
10.4.5.3.4. Africa Electrical Digital Twin Market by Application

Related Topics

Related Reports

Global Electrical Digital Twin Market by Twin Type (Digital Gas & Steam Power Plant, Digital Grid, Digital Hydropower Plant), Usage Type (Process Digital Twin, Product Digital Twin, System Digital Twin), Deployment Type, End-User, Application - Forecast 2024-2030 - Product Image

Global Electrical Digital Twin Market by Twin Type (Digital Gas & Steam Power Plant, Digital Grid, Digital Hydropower Plant), Usage Type (Process Digital Twin, Product Digital Twin, System Digital Twin), Deployment Type, End-User, Application - Forecast 2024-2030

  • Report
  • 181 Pages
  • Global
From
Global Electrical Digital Twin Market Size, Share & Industry Trends Analysis Report By End User, By Application (Asset Performance Management and Business & Operations Optimization), By Type, By Regional Outlook and Forecast, 2023-2029 - Product Image

Global Electrical Digital Twin Market Size, Share & Industry Trends Analysis Report By End User, By Application (Asset Performance Management and Business & Operations Optimization), By Type, By Regional Outlook and Forecast, 2023-2029

  • Report
  • 228 Pages
  • Global
From
Electrical Digital Twin Market Outlook Report - Industry Size, Trends, Insights, Market Share, Competition, Opportunities, and Growth Forecasts by Segments, 2022 to 2030 - Product Image

Electrical Digital Twin Market Outlook Report - Industry Size, Trends, Insights, Market Share, Competition, Opportunities, and Growth Forecasts by Segments, 2022 to 2030

  • Report
  • 146 Pages
  • Global
From
Electrical Digital Twin Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F - Product Image

Electrical Digital Twin Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F

  • Report
  • 172 Pages
  • Global
From
2024 Global Forecast for Energy And Utilities Electrical Digital Twin Software Market (2025-2030 Outlook)-High Tech & Emerging Markets Report - Product Image

2024 Global Forecast for Energy And Utilities Electrical Digital Twin Software Market (2025-2030 Outlook)-High Tech & Emerging Markets Report

  • Report
  • 132 Pages
  • Global
From
Copyright © 2002-2024 Research and Markets. All Rights Reserved.