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Global Electrical Digital Twin Market Research Report 2025

Global Electrical Digital Twin Market Research Report 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1706736

No of Pages : 71

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Synopsis

Electrical digital twin is a near-real-time digital image about the historical and current behavior 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 Electrical Digital Twin market was valued at US$ 3853.2 million in 2023 and is anticipated to reach US$ 13510 million by 2030, witnessing a CAGR of 19.4% during the forecast period 2024-2030.

The industry's leading producers are General Electric, PTC and Siemens, with revenues of 31.51%, 9.26% and 26.46% respectively in 2019.

This report aims to provide a comprehensive presentation of the global market for Electrical Digital Twin, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electrical Digital Twin.

Report Scope

The Electrical Digital Twin market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electrical Digital Twin market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Electrical Digital Twin companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

By Company

  • General Electric
  • PTC
  • Siemens
  • Dassault Systemes
  • IBM Corporation
  • ANSYS
  • Microsoft Corporation
  • Oracle Corporation

Segment by Type

  • Parts Twin
  • Product Twin
  • Process Twin
  • System Twin

Segment by Application

  • Aerospace and Defense
  • Automotive and Transportation
  • Machine Manufacturing
  • Energy and Utilities
  • Others

By Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Electrical Digital Twin companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.

Index

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Electrical Digital Twin Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Parts Twin
1.2.3 Product Twin
1.2.4 Process Twin
1.2.5 System Twin
1.3 Market by Application
1.3.1 Global Electrical Digital Twin Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Aerospace and Defense
1.3.3 Automotive and Transportation
1.3.4 Machine Manufacturing
1.3.5 Energy and Utilities
1.3.6 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Electrical Digital Twin Market Perspective (2019-2030)
2.2 Electrical Digital Twin Growth Trends by Region
2.2.1 Global Electrical Digital Twin Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Electrical Digital Twin Historic Market Size by Region (2019-2024)
2.2.3 Electrical Digital Twin Forecasted Market Size by Region (2025-2030)
2.3 Electrical Digital Twin Market Dynamics
2.3.1 Electrical Digital Twin Industry Trends
2.3.2 Electrical Digital Twin Market Drivers
2.3.3 Electrical Digital Twin Market Challenges
2.3.4 Electrical Digital Twin Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Electrical Digital Twin Players by Revenue
3.1.1 Global Top Electrical Digital Twin Players by Revenue (2019-2024)
3.1.2 Global Electrical Digital Twin Revenue Market Share by Players (2019-2024)
3.2 Global Electrical Digital Twin Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Electrical Digital Twin Revenue
3.4 Global Electrical Digital Twin Market Concentration Ratio
3.4.1 Global Electrical Digital Twin Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Electrical Digital Twin Revenue in 2023
3.5 Electrical Digital Twin Key Players Head office and Area Served
3.6 Key Players Electrical Digital Twin Product Solution and Service
3.7 Date of Enter into Electrical Digital Twin Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Electrical Digital Twin Breakdown Data by Type
4.1 Global Electrical Digital Twin Historic Market Size by Type (2019-2024)
4.2 Global Electrical Digital Twin Forecasted Market Size by Type (2025-2030)
5 Electrical Digital Twin Breakdown Data by Application
5.1 Global Electrical Digital Twin Historic Market Size by Application (2019-2024)
5.2 Global Electrical Digital Twin Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Electrical Digital Twin Market Size (2019-2030)
6.2 North America Electrical Digital Twin Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Electrical Digital Twin Market Size by Country (2019-2024)
6.4 North America Electrical Digital Twin Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Electrical Digital Twin Market Size (2019-2030)
7.2 Europe Electrical Digital Twin Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Electrical Digital Twin Market Size by Country (2019-2024)
7.4 Europe Electrical Digital Twin Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Electrical Digital Twin Market Size (2019-2030)
8.2 Asia-Pacific Electrical Digital Twin Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Electrical Digital Twin Market Size by Region (2019-2024)
8.4 Asia-Pacific Electrical Digital Twin Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Electrical Digital Twin Market Size (2019-2030)
9.2 Latin America Electrical Digital Twin Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Electrical Digital Twin Market Size by Country (2019-2024)
9.4 Latin America Electrical Digital Twin Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Electrical Digital Twin Market Size (2019-2030)
10.2 Middle East & Africa Electrical Digital Twin Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Electrical Digital Twin Market Size by Country (2019-2024)
10.4 Middle East & Africa Electrical Digital Twin Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 General Electric
11.1.1 General Electric Company Detail
11.1.2 General Electric Business Overview
11.1.3 General Electric Electrical Digital Twin Introduction
11.1.4 General Electric Revenue in Electrical Digital Twin Business (2019-2024)
11.1.5 General Electric Recent Development
11.2 PTC
11.2.1 PTC Company Detail
11.2.2 PTC Business Overview
11.2.3 PTC Electrical Digital Twin Introduction
11.2.4 PTC Revenue in Electrical Digital Twin Business (2019-2024)
11.2.5 PTC Recent Development
11.3 Siemens
11.3.1 Siemens Company Detail
11.3.2 Siemens Business Overview
11.3.3 Siemens Electrical Digital Twin Introduction
11.3.4 Siemens Revenue in Electrical Digital Twin Business (2019-2024)
11.3.5 Siemens Recent Development
11.4 Dassault Systemes
11.4.1 Dassault Systemes Company Detail
11.4.2 Dassault Systemes Business Overview
11.4.3 Dassault Systemes Electrical Digital Twin Introduction
11.4.4 Dassault Systemes Revenue in Electrical Digital Twin Business (2019-2024)
11.4.5 Dassault Systemes Recent Development
11.5 IBM Corporation
11.5.1 IBM Corporation Company Detail
11.5.2 IBM Corporation Business Overview
11.5.3 IBM Corporation Electrical Digital Twin Introduction
11.5.4 IBM Corporation Revenue in Electrical Digital Twin Business (2019-2024)
11.5.5 IBM Corporation Recent Development
11.6 ANSYS
11.6.1 ANSYS Company Detail
11.6.2 ANSYS Business Overview
11.6.3 ANSYS Electrical Digital Twin Introduction
11.6.4 ANSYS Revenue in Electrical Digital Twin Business (2019-2024)
11.6.5 ANSYS Recent Development
11.7 Microsoft Corporation
11.7.1 Microsoft Corporation Company Detail
11.7.2 Microsoft Corporation Business Overview
11.7.3 Microsoft Corporation Electrical Digital Twin Introduction
11.7.4 Microsoft Corporation Revenue in Electrical Digital Twin Business (2019-2024)
11.7.5 Microsoft Corporation Recent Development
11.8 Oracle Corporation
11.8.1 Oracle Corporation Company Detail
11.8.2 Oracle Corporation Business Overview
11.8.3 Oracle Corporation Electrical Digital Twin Introduction
11.8.4 Oracle Corporation Revenue in Electrical Digital Twin Business (2019-2024)
11.8.5 Oracle Corporation Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details

List of Tables

List of Tables
Table 1. Global Electrical Digital Twin Market Size Growth Rate by Type (US$ Million): 2019 VS 2023 VS 2030
Table 2. Key Players of Parts Twin
Table 3. Key Players of Product Twin
Table 4. Key Players of Process Twin
Table 5. Key Players of System Twin
Table 6. Global Electrical Digital Twin Market Size Growth by Application (US$ Million): 2019 VS 2023 VS 2030
Table 7. Global Electrical Digital Twin Market Size by Region (US$ Million): 2019 VS 2023 VS 2030
Table 8. Global Electrical Digital Twin Market Size by Region (2019-2024) & (US$ Million)
Table 9. Global Electrical Digital Twin Market Share by Region (2019-2024)
Table 10. Global Electrical Digital Twin Forecasted Market Size by Region (2025-2030) & (US$ Million)
Table 11. Global Electrical Digital Twin Market Share by Region (2025-2030)
Table 12. Electrical Digital Twin Market Trends
Table 13. Electrical Digital Twin Market Drivers
Table 14. Electrical Digital Twin Market Challenges
Table 15. Electrical Digital Twin Market Restraints
Table 16. Global Electrical Digital Twin Revenue by Players (2019-2024) & (US$ Million)
Table 17. Global Electrical Digital Twin Market Share by Players (2019-2024)
Table 18. Global Top Electrical Digital Twin Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Electrical Digital Twin as of 2023)
Table 19. Ranking of Global Top Electrical Digital Twin Companies by Revenue (US$ Million) in 2023
Table 20. Global 5 Largest Players Market Share by Electrical Digital Twin Revenue (CR5 and HHI) & (2019-2024)
Table 21. Key Players Headquarters and Area Served
Table 22. Key Players Electrical Digital Twin Product Solution and Service
Table 23. Date of Enter into Electrical Digital Twin Market
Table 24. Mergers & Acquisitions, Expansion Plans
Table 25. Global Electrical Digital Twin Market Size by Type (2019-2024) & (US$ Million)
Table 26. Global Electrical Digital Twin Revenue Market Share by Type (2019-2024)
Table 27. Global Electrical Digital Twin Forecasted Market Size by Type (2025-2030) & (US$ Million)
Table 28. Global Electrical Digital Twin Revenue Market Share by Type (2025-2030)
Table 29. Global Electrical Digital Twin Market Size by Application (2019-2024) & (US$ Million)
Table 30. Global Electrical Digital Twin Revenue Market Share by Application (2019-2024)
Table 31. Global Electrical Digital Twin Forecasted Market Size by Application (2025-2030) & (US$ Million)
Table 32. Global Electrical Digital Twin Revenue Market Share by Application (2025-2030)
Table 33. North America Electrical Digital Twin Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 34. North America Electrical Digital Twin Market Size by Country (2019-2024) & (US$ Million)
Table 35. North America Electrical Digital Twin Market Size by Country (2025-2030) & (US$ Million)
Table 36. Europe Electrical Digital Twin Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 37. Europe Electrical Digital Twin Market Size by Country (2019-2024) & (US$ Million)
Table 38. Europe Electrical Digital Twin Market Size by Country (2025-2030) & (US$ Million)
Table 39. Asia-Pacific Electrical Digital Twin Market Size Growth Rate by Region (US$ Million): 2019 VS 2023 VS 2030
Table 40. Asia-Pacific Electrical Digital Twin Market Size by Region (2019-2024) & (US$ Million)
Table 41. Asia-Pacific Electrical Digital Twin Market Size by Region (2025-2030) & (US$ Million)
Table 42. Latin America Electrical Digital Twin Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 43. Latin America Electrical Digital Twin Market Size by Country (2019-2024) & (US$ Million)
Table 44. Latin America Electrical Digital Twin Market Size by Country (2025-2030) & (US$ Million)
Table 45. Middle East & Africa Electrical Digital Twin Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 46. Middle East & Africa Electrical Digital Twin Market Size by Country (2019-2024) & (US$ Million)
Table 47. Middle East & Africa Electrical Digital Twin Market Size by Country (2025-2030) & (US$ Million)
Table 48. General Electric Company Detail
Table 49. General Electric Business Overview
Table 50. General Electric Electrical Digital Twin Product
Table 51. General Electric Revenue in Electrical Digital Twin Business (2019-2024) & (US$ Million)
Table 52. General Electric Recent Development
Table 53. PTC Company Detail
Table 54. PTC Business Overview
Table 55. PTC Electrical Digital Twin Product
Table 56. PTC Revenue in Electrical Digital Twin Business (2019-2024) & (US$ Million)
Table 57. PTC Recent Development
Table 58. Siemens Company Detail
Table 59. Siemens Business Overview
Table 60. Siemens Electrical Digital Twin Product
Table 61. Siemens Revenue in Electrical Digital Twin Business (2019-2024) & (US$ Million)
Table 62. Siemens Recent Development
Table 63. Dassault Systemes Company Detail
Table 64. Dassault Systemes Business Overview
Table 65. Dassault Systemes Electrical Digital Twin Product
Table 66. Dassault Systemes Revenue in Electrical Digital Twin Business (2019-2024) & (US$ Million)
Table 67. Dassault Systemes Recent Development
Table 68. IBM Corporation Company Detail
Table 69. IBM Corporation Business Overview
Table 70. IBM Corporation Electrical Digital Twin Product
Table 71. IBM Corporation Revenue in Electrical Digital Twin Business (2019-2024) & (US$ Million)
Table 72. IBM Corporation Recent Development
Table 73. ANSYS Company Detail
Table 74. ANSYS Business Overview
Table 75. ANSYS Electrical Digital Twin Product
Table 76. ANSYS Revenue in Electrical Digital Twin Business (2019-2024) & (US$ Million)
Table 77. ANSYS Recent Development
Table 78. Microsoft Corporation Company Detail
Table 79. Microsoft Corporation Business Overview
Table 80. Microsoft Corporation Electrical Digital Twin Product
Table 81. Microsoft Corporation Revenue in Electrical Digital Twin Business (2019-2024) & (US$ Million)
Table 82. Microsoft Corporation Recent Development
Table 83. Oracle Corporation Company Detail
Table 84. Oracle Corporation Business Overview
Table 85. Oracle Corporation Electrical Digital Twin Product
Table 86. Oracle Corporation Revenue in Electrical Digital Twin Business (2019-2024) & (US$ Million)
Table 87. Oracle Corporation Recent Development
Table 88. Research Programs/Design for This Report
Table 89. Key Data Information from Secondary Sources
Table 90. Key Data Information from Primary Sources
List of Figures
Figure 1. Global Electrical Digital Twin Market Size Comparison by Type (2024-2030) & (US$ Million)
Figure 2. Global Electrical Digital Twin Market Share by Type: 2023 VS 2030
Figure 3. Parts Twin Features
Figure 4. Product Twin Features
Figure 5. Process Twin Features
Figure 6. System Twin Features
Figure 7. Global Electrical Digital Twin Market Size Comparison by Application (2024-2030) & (US$ Million)
Figure 8. Global Electrical Digital Twin Market Share by Application: 2023 VS 2030
Figure 9. Aerospace and Defense Case Studies
Figure 10. Automotive and Transportation Case Studies
Figure 11. Machine Manufacturing Case Studies
Figure 12. Energy and Utilities Case Studies
Figure 13. Others Case Studies
Figure 14. Electrical Digital Twin Report Years Considered
Figure 15. Global Electrical Digital Twin Market Size (US$ Million), Year-over-Year: 2019-2030
Figure 16. Global Electrical Digital Twin Market Size, (US$ Million), 2019 VS 2023 VS 2030
Figure 17. Global Electrical Digital Twin Market Share by Region: 2023 VS 2030
Figure 18. Global Electrical Digital Twin Market Share by Players in 2023
Figure 19. Global Top Electrical Digital Twin Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Electrical Digital Twin as of 2023)
Figure 20. The Top 10 and 5 Players Market Share by Electrical Digital Twin Revenue in 2023
Figure 21. North America Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 22. North America Electrical Digital Twin Market Share by Country (2019-2030)
Figure 23. United States Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 24. Canada Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 25. Europe Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 26. Europe Electrical Digital Twin Market Share by Country (2019-2030)
Figure 27. Germany Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 28. France Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 29. U.K. Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 30. Italy Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 31. Russia Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 32. Nordic Countries Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 33. Asia-Pacific Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 34. Asia-Pacific Electrical Digital Twin Market Share by Region (2019-2030)
Figure 35. China Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 36. Japan Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 37. South Korea Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 38. Southeast Asia Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 39. India Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 40. Australia Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 41. Latin America Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 42. Latin America Electrical Digital Twin Market Share by Country (2019-2030)
Figure 43. Mexico Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 44. Brazil Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 45. Middle East & Africa Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 46. Middle East & Africa Electrical Digital Twin Market Share by Country (2019-2030)
Figure 47. Turkey Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 48. Saudi Arabia Electrical Digital Twin Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 49. General Electric Revenue Growth Rate in Electrical Digital Twin Business (2019-2024)
Figure 50. PTC Revenue Growth Rate in Electrical Digital Twin Business (2019-2024)
Figure 51. Siemens Revenue Growth Rate in Electrical Digital Twin Business (2019-2024)
Figure 52. Dassault Systemes Revenue Growth Rate in Electrical Digital Twin Business (2019-2024)
Figure 53. IBM Corporation Revenue Growth Rate in Electrical Digital Twin Business (2019-2024)
Figure 54. ANSYS Revenue Growth Rate in Electrical Digital Twin Business (2019-2024)
Figure 55. Microsoft Corporation Revenue Growth Rate in Electrical Digital Twin Business (2019-2024)
Figure 56. Oracle Corporation Revenue Growth Rate in Electrical Digital Twin Business (2019-2024)
Figure 57. Bottom-up and Top-down Approaches for This Report
Figure 58. Data Triangulation
Figure 59. Key Executives Interviewed

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