Electrical Digital Twin Market 2028 By Twin Type, Deployment, End-User, Application and Geography | The Insight Partners

Electrical Digital Twin Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Twin Type (Digital Gas and Steam Power Plant, Digital Wind Farm, Digital Grid, Digital Hydropower Plant, Others); Deployment (Cloud/Hosted, On-Premise); End-User (Aerospace and Defense, Automotive, Transportation, Energy and Utilities, Others); Application (Asset Performance Management, Business and Operations Optimization, Digital Twin Aggregate) and Geography

Report Code: TIPRE00012288 | No. of Pages: 150 | Category: Technology, Media and Telecommunications | Status: Upcoming

MARKET OVERVIEW

Electrical digital twin aligns closely with the real and virtual worlds by providing the modeling of data across their entire IT infrastructure with a single source of true. The Electrical Digital Twin allows simplifying the process of data maintenance and exchange by the utility. Data is synchronized from various systems, then standardized via standard adapters or interfaces into one multi-user database.

MARKET SCOPE

The "Global Electrical Digital Twin Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the electrical digital twin market with detailed market segmentation by twin type, deployment, end-user, application, and geography. The report provides key statistics on the market status of the leading electrical digital twin market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •   Based on twin type, the global electrical digital twin market is segmented into digital gas and steam power plant, digital wind farm, digital grid, digital hydropower plant, and others.
  •   On the basis of deployment, the market is segmented into cloud/hosted and on-premise.
  •   Based on end-user the market is segmented into aerospace and defense, automotive, transportation, energy and utilities, and others.
  •   based on application, the market is segmented into asset performance management, business and operations optimization, and digital twin aggregate.

MARKET DYNAMICS
Drivers:

  •   The growth in the electrical digital twin market can be attributed to factors such as streamlined integration of renewable energy technologies, improved accuracy and efficiency in power sector operations, and reduced unplanned downtime and maintenance costs.
  •   Also, increased R&D activities in the fields of the Internet of Things (IoT) and the Industrial Internet of Things (IIoT) and increased demand for efficient and cost-effective power utility technologies are expected to drive the growth of the electrical digital twin market.

Restraints:

  •   Data privacy and security concerns may hinder the growth of the electrical digital twin market.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The electrical digital twin market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the electrical digital twin market in these regions.

IMPACT OF COVID-19 ON ELECTRICAL DIGITAL TWIN MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.



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MARKET PLAYERS


The report covers key developments in the electrical digital twin market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from electrical digital twin market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electrical digital twin market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   ANSYS, Inc.
  •   Enline
  •   Emerson Electric Co.
  •   FUJITSU
  •   GE DIGITAL
  •   IBM
  •   Microsoft
  •   ABB
  •   AVEVA Group plc
  •   Siemens
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.


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TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electrical Digital Twin Market - By Twin Type
1.3.2 Electrical Digital Twin Market - By Deployment
1.3.3 Electrical Digital Twin Market - By End-User
1.3.4 Electrical Digital Twin Market - By Application
1.3.5 Electrical Digital Twin Market - By Region
1.3.5.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. ELECTRICAL DIGITAL TWIN MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. ELECTRICAL DIGITAL TWIN MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. ELECTRICAL DIGITAL TWIN MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRICAL DIGITAL TWIN - GLOBAL MARKET OVERVIEW
6.2. ELECTRICAL DIGITAL TWIN - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. ELECTRICAL DIGITAL TWIN MARKET - REVENUE AND FORECASTS TO 2028 - TWIN TYPE
7.1. OVERVIEW
7.2. TWIN TYPE MARKET FORECASTS AND ANALYSIS
7.3. DIGITAL GAS AND STEAM POWER PLANT
7.3.1. Overview
7.3.2. Digital Gas and Steam Power Plant Market Forecast and Analysis
7.4. DIGITAL WIND FARM
7.4.1. Overview
7.4.2. Digital Wind Farm Market Forecast and Analysis
7.5. DIGITAL GRID
7.5.1. Overview
7.5.2. Digital Grid Market Forecast and Analysis
7.6. DIGITAL HYDROPOWER PLANT
7.6.1. Overview
7.6.2. Digital Hydropower Plant Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. ELECTRICAL DIGITAL TWIN MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
8.1. OVERVIEW
8.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
8.3. CLOUD/HOSTED
8.3.1. Overview
8.3.2. Cloud/Hosted Market Forecast and Analysis
8.4. ON-PREMISE
8.4.1. Overview
8.4.2. On-Premise Market Forecast and Analysis
9. ELECTRICAL DIGITAL TWIN MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. AEROSPACE AND DEFENSE
9.3.1. Overview
9.3.2. Aerospace and Defense Market Forecast and Analysis
9.4. AUTOMOTIVE
9.4.1. Overview
9.4.2. Automotive Market Forecast and Analysis
9.5. TRANSPORTATION
9.5.1. Overview
9.5.2. Transportation Market Forecast and Analysis
9.6. ENERGY AND UTILITIES
9.6.1. Overview
9.6.2. Energy and Utilities Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. ELECTRICAL DIGITAL TWIN MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. ASSET PERFORMANCE MANAGEMENT
10.3.1. Overview
10.3.2. Asset Performance Management Market Forecast and Analysis
10.4. BUSINESS AND OPERATIONS OPTIMIZATION
10.4.1. Overview
10.4.2. Business and Operations Optimization Market Forecast and Analysis
10.5. DIGITAL TWIN AGGREGATE
10.5.1. Overview
10.5.2. Digital Twin Aggregate Market Forecast and Analysis

11. ELECTRICAL DIGITAL TWIN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Electrical Digital Twin Market Overview
11.1.2 North America Electrical Digital Twin Market Forecasts and Analysis
11.1.3 North America Electrical Digital Twin Market Forecasts and Analysis - By Twin Type
11.1.4 North America Electrical Digital Twin Market Forecasts and Analysis - By Deployment
11.1.5 North America Electrical Digital Twin Market Forecasts and Analysis - By End-User
11.1.6 North America Electrical Digital Twin Market Forecasts and Analysis - By Application
11.1.7 North America Electrical Digital Twin Market Forecasts and Analysis - By Countries
11.1.7.1 United States Electrical Digital Twin Market
11.1.7.1.1 United States Electrical Digital Twin Market by Twin Type
11.1.7.1.2 United States Electrical Digital Twin Market by Deployment
11.1.7.1.3 United States Electrical Digital Twin Market by End-User
11.1.7.1.4 United States Electrical Digital Twin Market by Application
11.1.7.2 Canada Electrical Digital Twin Market
11.1.7.2.1 Canada Electrical Digital Twin Market by Twin Type
11.1.7.2.2 Canada Electrical Digital Twin Market by Deployment
11.1.7.2.3 Canada Electrical Digital Twin Market by End-User
11.1.7.2.4 Canada Electrical Digital Twin Market by Application
11.1.7.3 Mexico Electrical Digital Twin Market
11.1.7.3.1 Mexico Electrical Digital Twin Market by Twin Type
11.1.7.3.2 Mexico Electrical Digital Twin Market by Deployment
11.1.7.3.3 Mexico Electrical Digital Twin Market by End-User
11.1.7.3.4 Mexico Electrical Digital Twin Market by Application
11.2. EUROPE
11.2.1 Europe Electrical Digital Twin Market Overview
11.2.2 Europe Electrical Digital Twin Market Forecasts and Analysis
11.2.3 Europe Electrical Digital Twin Market Forecasts and Analysis - By Twin Type
11.2.4 Europe Electrical Digital Twin Market Forecasts and Analysis - By Deployment
11.2.5 Europe Electrical Digital Twin Market Forecasts and Analysis - By End-User
11.2.6 Europe Electrical Digital Twin Market Forecasts and Analysis - By Application
11.2.7 Europe Electrical Digital Twin Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Electrical Digital Twin Market
11.2.7.1.1 Germany Electrical Digital Twin Market by Twin Type
11.2.7.1.2 Germany Electrical Digital Twin Market by Deployment
11.2.7.1.3 Germany Electrical Digital Twin Market by End-User
11.2.7.1.4 Germany Electrical Digital Twin Market by Application
11.2.7.2 France Electrical Digital Twin Market
11.2.7.2.1 France Electrical Digital Twin Market by Twin Type
11.2.7.2.2 France Electrical Digital Twin Market by Deployment
11.2.7.2.3 France Electrical Digital Twin Market by End-User
11.2.7.2.4 France Electrical Digital Twin Market by Application
11.2.7.3 Italy Electrical Digital Twin Market
11.2.7.3.1 Italy Electrical Digital Twin Market by Twin Type
11.2.7.3.2 Italy Electrical Digital Twin Market by Deployment
11.2.7.3.3 Italy Electrical Digital Twin Market by End-User
11.2.7.3.4 Italy Electrical Digital Twin Market by Application
11.2.7.4 United Kingdom Electrical Digital Twin Market
11.2.7.4.1 United Kingdom Electrical Digital Twin Market by Twin Type
11.2.7.4.2 United Kingdom Electrical Digital Twin Market by Deployment
11.2.7.4.3 United Kingdom Electrical Digital Twin Market by End-User
11.2.7.4.4 United Kingdom Electrical Digital Twin Market by Application
11.2.7.5 Russia Electrical Digital Twin Market
11.2.7.5.1 Russia Electrical Digital Twin Market by Twin Type
11.2.7.5.2 Russia Electrical Digital Twin Market by Deployment
11.2.7.5.3 Russia Electrical Digital Twin Market by End-User
11.2.7.5.4 Russia Electrical Digital Twin Market by Application
11.2.7.6 Rest of Europe Electrical Digital Twin Market
11.2.7.6.1 Rest of Europe Electrical Digital Twin Market by Twin Type
11.2.7.6.2 Rest of Europe Electrical Digital Twin Market by Deployment
11.2.7.6.3 Rest of Europe Electrical Digital Twin Market by End-User
11.2.7.6.4 Rest of Europe Electrical Digital Twin Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Electrical Digital Twin Market Overview
11.3.2 Asia-Pacific Electrical Digital Twin Market Forecasts and Analysis
11.3.3 Asia-Pacific Electrical Digital Twin Market Forecasts and Analysis - By Twin Type
11.3.4 Asia-Pacific Electrical Digital Twin Market Forecasts and Analysis - By Deployment
11.3.5 Asia-Pacific Electrical Digital Twin Market Forecasts and Analysis - By End-User
11.3.6 Asia-Pacific Electrical Digital Twin Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Electrical Digital Twin Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Electrical Digital Twin Market
11.3.7.1.1 Australia Electrical Digital Twin Market by Twin Type
11.3.7.1.2 Australia Electrical Digital Twin Market by Deployment
11.3.7.1.3 Australia Electrical Digital Twin Market by End-User
11.3.7.1.4 Australia Electrical Digital Twin Market by Application
11.3.7.2 China Electrical Digital Twin Market
11.3.7.2.1 China Electrical Digital Twin Market by Twin Type
11.3.7.2.2 China Electrical Digital Twin Market by Deployment
11.3.7.2.3 China Electrical Digital Twin Market by End-User
11.3.7.2.4 China Electrical Digital Twin Market by Application
11.3.7.3 India Electrical Digital Twin Market
11.3.7.3.1 India Electrical Digital Twin Market by Twin Type
11.3.7.3.2 India Electrical Digital Twin Market by Deployment
11.3.7.3.3 India Electrical Digital Twin Market by End-User
11.3.7.3.4 India Electrical Digital Twin Market by Application
11.3.7.4 Japan Electrical Digital Twin Market
11.3.7.4.1 Japan Electrical Digital Twin Market by Twin Type
11.3.7.4.2 Japan Electrical Digital Twin Market by Deployment
11.3.7.4.3 Japan Electrical Digital Twin Market by End-User
11.3.7.4.4 Japan Electrical Digital Twin Market by Application
11.3.7.5 South Korea Electrical Digital Twin Market
11.3.7.5.1 South Korea Electrical Digital Twin Market by Twin Type
11.3.7.5.2 South Korea Electrical Digital Twin Market by Deployment
11.3.7.5.3 South Korea Electrical Digital Twin Market by End-User
11.3.7.5.4 South Korea Electrical Digital Twin Market by Application
11.3.7.6 Rest of Asia-Pacific Electrical Digital Twin Market
11.3.7.6.1 Rest of Asia-Pacific Electrical Digital Twin Market by Twin Type
11.3.7.6.2 Rest of Asia-Pacific Electrical Digital Twin Market by Deployment
11.3.7.6.3 Rest of Asia-Pacific Electrical Digital Twin Market by End-User
11.3.7.6.4 Rest of Asia-Pacific Electrical Digital Twin Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Electrical Digital Twin Market Overview
11.4.2 Middle East and Africa Electrical Digital Twin Market Forecasts and Analysis
11.4.3 Middle East and Africa Electrical Digital Twin Market Forecasts and Analysis - By Twin Type
11.4.4 Middle East and Africa Electrical Digital Twin Market Forecasts and Analysis - By Deployment
11.4.5 Middle East and Africa Electrical Digital Twin Market Forecasts and Analysis - By End-User
11.4.6 Middle East and Africa Electrical Digital Twin Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Electrical Digital Twin Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Electrical Digital Twin Market
11.4.7.1.1 South Africa Electrical Digital Twin Market by Twin Type
11.4.7.1.2 South Africa Electrical Digital Twin Market by Deployment
11.4.7.1.3 South Africa Electrical Digital Twin Market by End-User
11.4.7.1.4 South Africa Electrical Digital Twin Market by Application
11.4.7.2 Saudi Arabia Electrical Digital Twin Market
11.4.7.2.1 Saudi Arabia Electrical Digital Twin Market by Twin Type
11.4.7.2.2 Saudi Arabia Electrical Digital Twin Market by Deployment
11.4.7.2.3 Saudi Arabia Electrical Digital Twin Market by End-User
11.4.7.2.4 Saudi Arabia Electrical Digital Twin Market by Application
11.4.7.3 U.A.E Electrical Digital Twin Market
11.4.7.3.1 U.A.E Electrical Digital Twin Market by Twin Type
11.4.7.3.2 U.A.E Electrical Digital Twin Market by Deployment
11.4.7.3.3 U.A.E Electrical Digital Twin Market by End-User
11.4.7.3.4 U.A.E Electrical Digital Twin Market by Application
11.4.7.4 Rest of Middle East and Africa Electrical Digital Twin Market
11.4.7.4.1 Rest of Middle East and Africa Electrical Digital Twin Market by Twin Type
11.4.7.4.2 Rest of Middle East and Africa Electrical Digital Twin Market by Deployment
11.4.7.4.3 Rest of Middle East and Africa Electrical Digital Twin Market by End-User
11.4.7.4.4 Rest of Middle East and Africa Electrical Digital Twin Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Electrical Digital Twin Market Overview
11.5.2 South and Central America Electrical Digital Twin Market Forecasts and Analysis
11.5.3 South and Central America Electrical Digital Twin Market Forecasts and Analysis - By Twin Type
11.5.4 South and Central America Electrical Digital Twin Market Forecasts and Analysis - By Deployment
11.5.5 South and Central America Electrical Digital Twin Market Forecasts and Analysis - By End-User
11.5.6 South and Central America Electrical Digital Twin Market Forecasts and Analysis - By Application
11.5.7 South and Central America Electrical Digital Twin Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Electrical Digital Twin Market
11.5.7.1.1 Brazil Electrical Digital Twin Market by Twin Type
11.5.7.1.2 Brazil Electrical Digital Twin Market by Deployment
11.5.7.1.3 Brazil Electrical Digital Twin Market by End-User
11.5.7.1.4 Brazil Electrical Digital Twin Market by Application
11.5.7.2 Argentina Electrical Digital Twin Market
11.5.7.2.1 Argentina Electrical Digital Twin Market by Twin Type
11.5.7.2.2 Argentina Electrical Digital Twin Market by Deployment
11.5.7.2.3 Argentina Electrical Digital Twin Market by End-User
11.5.7.2.4 Argentina Electrical Digital Twin Market by Application
11.5.7.3 Rest of South and Central America Electrical Digital Twin Market
11.5.7.3.1 Rest of South and Central America Electrical Digital Twin Market by Twin Type
11.5.7.3.2 Rest of South and Central America Electrical Digital Twin Market by Deployment
11.5.7.3.3 Rest of South and Central America Electrical Digital Twin Market by End-User
11.5.7.3.4 Rest of South and Central America Electrical Digital Twin Market by Application

12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

13. ELECTRICAL DIGITAL TWIN MARKET, KEY COMPANY PROFILES
13.1. ANSYS, INC.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. ENLINE
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. EMERSON ELECTRIC CO.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. FUJITSU
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. GE DIGITAL
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. IBM
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. MICROSOFT
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ABB
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. AVEVA GROUP PLC
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. SIEMENS
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments

14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies

1.ANSYS, Inc.
2.Enline
3.Emerson Electric Co.
4.FUJITSU
5.GE DIGITAL
6.IBM
7.Microsoft
8.ABB
9.AVEVA Group plc
10.Siemens
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