Electrical Digital Twin System is a near-real-time digital image about the historical and current behaviour of a physical object or process that helps optimize business performance. Digital twins exist at the nexus of physical engineering, data science, and machine learning, and their value translates directly to measurable business outcomes—reduced asset downtime and maintenance costs, improved plant and factory efficiency, reduced cycle times, and increased market agility.
The global market for Electrical Digital Twin System is estimated to increase from US$ 1736.8 million in 2021 to reach US$ 4104.1 million by 2028, exhibiting a CAGR of 13.1% during 2022-2028. Keeping in mind the uncertainties of COVID-19 and Russia-Ukraine War, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Global key players of Electrical Digital Twin System include General Electric, PTC, Siemens, etc. Global top three manufacturers hold a share over 50%. North America is the largest market of Electrical Digital Twin System, followed by Europe.
Report Coverage
This latest report provides a deep insight into the global Electrical Digital Twin System market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, value chain analysis, etc.
This report aims to provide a comprehensive picture of the global Electrical Digital Twin System market, with both quantitative and qualitative data, to help readers understand how the Electrical Digital Twin System market scenario changed across the globe during the pandemic and Russia-Ukraine War.
The base year considered for analyses is 2021, while the market estimates and forecasts are given from 2022 to 2028. The market estimates are provided in terms of revenue in USD millions.
Market Segmentation:
The study segments the Electrical Digital Twin System market and forecasts the market size by Type (System Twin, Process Twin and Asset Twin), by Application (Aerospace and Defense, Automotive and Transportation, Machine Manufacturing and Energy and Utilities), and region (APAC, Americas, Europe, and Middle East & Africa).
Segmentation by type
System Twin
Process Twin
Asset Twin
Segmentation by application
Aerospace and Defense
Automotive and Transportation
Machine Manufacturing
Energy and Utilities
Others
Segmentation by region
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Major companies covered
General Electric
PTC
Siemens
Dassault Systèmes
IBM Corporation
ANSYS
Microsoft Corporation
Oracle Corporation
Accenture (Mackevision)
SAP
AVEVA Group (Schneider Electric)
Bentley Systems
ABB
ETAP
Emerson
Chapter Introduction
Chapter 1: Scope of Electrical Digital Twin System, Research Methodology, etc.
Chapter 2: Executive Summary, global Electrical Digital Twin System market size and CAGR, Electrical Digital Twin System market size by region, by type, by application, historical data from 2017 to 2022, and forecast to 2028.
Chapter 3: Electrical Digital Twin System revenue, global market share, and industry ranking by company, 2017-2022
Chapter 4: Global Electrical Digital Twin System revenue by region and by country. Country specific data and market value analysis for the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America and Middle East & Africa.
Chapter 5, 6, 7, 8: Americas, APAC, Europe, Middle East & Africa, revenue segment by country, by type, and application.
Chapter 9: Analysis of the current market trends, market forecast, opportunities and economic trends that are affecting the future marketplace
Chapter 10: Manufacturing cost structure analysis
Chapter 11: Sales channel, distributors, and customers
Chapter 12: Global Electrical Digital Twin System market size forecast by region, by country, by type, and application
Chapter 13: Comprehensive company profiles of the leading players, including General Electric, PTC, Siemens, Dassault Systèmes, IBM Corporation, ANSYS, Microsoft Corporation, Oracle Corporation and Accenture (Mackevision), etc.
Chapter 14: Research Findings and Conclusion