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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 - Global Forecast 2

Publisher 360iResearch
Published Jan 15, 2024
Length 181 Pages
SKU # IRE18443137

Description

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 - Global Forecast 2024-2030


The Electrical Digital Twin Market size was estimated at USD 1.24 billion in 2023 and expected to reach USD 1.45 billion in 2024, at a CAGR 17.09% to reach USD 3.75 billion by 2030.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Electrical Digital Twin Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Electrical Digital Twin Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Electrical Digital Twin Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., ACPD Services Ltd., Altair Engineering Inc., Ansys, Inc., AVEVA Group PLC, Bentley Systems, Inc., DNV GL, Emerson Electric Co., Fujitsu Limited, General Electric Company, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Schneider Electric SE, Siemens AG, and Wipro Limited.

Market Segmentation & Coverage

This research report categorizes the Electrical Digital Twin Market to forecast the revenues and analyze trends in each of the following sub-markets:

Twin Type
Digital Gas & Steam Power Plant

Digital Grid

Digital Hydropower Plant

Digital Wind Farm

Distributed Energy Resources
Usage Type
Process Digital Twin

Product Digital Twin

System Digital Twin
Deployment Type
Cloud

On-Premises
End-User
Grid Infrastructure Operators

Utilities
Application
Asset Performance Management

Business & Operations Optimization
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas

Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam

Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Electrical Digital Twin Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Electrical Digital Twin Market?
3. What are the technology trends and regulatory frameworks in the Electrical Digital Twin Market?
4. What is the market share of the leading vendors in the Electrical Digital Twin Market?
5. Which modes and strategic moves are suitable for entering the Electrical Digital Twin Market?PDF E-mail From Publisher (2-5)Users License

Table of Contents

181 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Electrical Digital Twin Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Ongoing trend of decentralization of distributed energy resources
5.1.1.2. Rising efficiency and optimization of operations of power sector
5.1.1.3. Emerging integration of variable renewable energy
5.1.2. Restraints
5.1.2.1. Availability of advanced mathematical models coupled with system complexities
5.1.3. Opportunities
5.1.3.1. Rapid adoption of advanced technologies for implementation of electrical digital twin
5.1.3.2. High demand for protection of electrical data management
5.1.4. Challenges
5.1.4.1. Dearth of skilled and experienced workforce
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Electrical Digital Twin Market, by Twin Type
6.1. Introduction
6.2. Digital Gas & Steam Power Plant
6.3. Digital Grid
6.4. Digital Hydropower Plant
6.5. Digital Wind Farm
6.6. Distributed Energy Resources
7. Electrical Digital Twin Market, by Usage Type
7.1. Introduction
7.2. Process Digital Twin
7.3. Product Digital Twin
7.4. System Digital Twin
8. Electrical Digital Twin Market, by Deployment Type
8.1. Introduction
8.2. Cloud
8.3. On-Premises
9. Electrical Digital Twin Market, by End-User
9.1. Introduction
9.2. Grid Infrastructure Operators
9.3. Utilities
10. Electrical Digital Twin Market, by Application
10.1. Introduction
10.2. Asset Performance Management
10.3. Business & Operations Optimization
11. Americas Electrical Digital Twin Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific Electrical Digital Twin Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa Electrical Digital Twin Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
15. Competitive Portfolio
15.1. Key Company Profiles
15.1.1. ABB Ltd.
15.1.2. ACPD Services Ltd.
15.1.3. Altair Engineering Inc.
15.1.4. Ansys, Inc.
15.1.5. AVEVA Group PLC
15.1.6. Bentley Systems, Inc.
15.1.7. DNV GL
15.1.8. Emerson Electric Co.
15.1.9. Fujitsu Limited
15.1.10. General Electric Company
15.1.11. International Business Machines Corporation
15.1.12. Microsoft Corporation
15.1.13. Oracle Corporation
15.1.14. SAP SE
15.1.15. Schneider Electric SE
15.1.16. Siemens AG
15.1.17. Wipro Limited
15.2. Key Product Portfolio
16. Appendix
16.1. Discussion Guide
16.2. License & Pricing
FIGURE 1. ELECTRICAL DIGITAL TWIN MARKET RESEARCH PROCESS
FIGURE 2. ELECTRICAL DIGITAL TWIN MARKET SIZE, 2023 VS 2030
FIGURE 3. ELECTRICAL DIGITAL TWIN MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. ELECTRICAL DIGITAL TWIN MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. ELECTRICAL DIGITAL TWIN MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. ELECTRICAL DIGITAL TWIN MARKET DYNAMICS
FIGURE 7. ELECTRICAL DIGITAL TWIN MARKET SIZE, BY TWIN TYPE, 2023 VS 2030 (%)
FIGURE 8. ELECTRICAL DIGITAL TWIN MARKET SIZE, BY TWIN TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. ELECTRICAL DIGITAL TWIN MARKET SIZE, BY USAGE TYPE, 2023 VS 2030 (%)
FIGURE 10. ELECTRICAL DIGITAL TWIN MARKET SIZE, BY USAGE TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. ELECTRICAL DIGITAL TWIN MARKET SIZE, BY DEPLOYMENT TYPE, 2023 VS 2030 (%)
FIGURE 12. ELECTRICAL DIGITAL TWIN MARKET SIZE, BY DEPLOYMENT TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 14. ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. ELECTRICAL DIGITAL TWIN MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 16. ELECTRICAL DIGITAL TWIN MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS ELECTRICAL DIGITAL TWIN MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. AMERICAS ELECTRICAL DIGITAL TWIN MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES ELECTRICAL DIGITAL TWIN MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 20. UNITED STATES ELECTRICAL DIGITAL TWIN MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC ELECTRICAL DIGITAL TWIN MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC ELECTRICAL DIGITAL TWIN MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA ELECTRICAL DIGITAL TWIN MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA ELECTRICAL DIGITAL TWIN MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. ELECTRICAL DIGITAL TWIN MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 26. ELECTRICAL DIGITAL TWIN MARKET SHARE, BY KEY PLAYER, 2023

Pricing

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