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Global Electrical Digital Twin System Market Research Report 2024
Synopsis
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 Electrical Digital Twin System market was valued at US$ 2027.6 million in 2023 and is anticipated to reach US$ 4792.4 million by 2030, witnessing a CAGR of 12.6% during the forecast period 2024-2030.
Global key players of electrical digital twin system include General Electric, PTC, Siemens, etc. The top three players hold a share about 51%. North America is the largest market, has a share about 54%, followed by Europe and Asia-Pacific, with share 39% and 7%, separately.
This report aims to provide a comprehensive presentation of the global market for Electrical Digital Twin System, 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 System.
Report Scope
The Electrical Digital Twin System 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 System 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 System 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 Systèmes
IBM Corporation
ANSYS
Microsoft Corporation
Oracle Corporation
Accenture (Mackevision)
SAP
AVEVA Group (Schneider Electric)
Bentley Systems
ABB
ETAP
Emerson
Segment by Type
System Twin
Process Twin
Asset 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
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
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 System 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.
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 Electrical Digital Twin System market was valued at US$ 2027.6 million in 2023 and is anticipated to reach US$ 4792.4 million by 2030, witnessing a CAGR of 12.6% during the forecast period 2024-2030.
Global key players of electrical digital twin system include General Electric, PTC, Siemens, etc. The top three players hold a share about 51%. North America is the largest market, has a share about 54%, followed by Europe and Asia-Pacific, with share 39% and 7%, separately.
This report aims to provide a comprehensive presentation of the global market for Electrical Digital Twin System, 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 System.
Report Scope
The Electrical Digital Twin System 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 System 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 System 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 Systèmes
IBM Corporation
ANSYS
Microsoft Corporation
Oracle Corporation
Accenture (Mackevision)
SAP
AVEVA Group (Schneider Electric)
Bentley Systems
ABB
ETAP
Emerson
Segment by Type
System Twin
Process Twin
Asset 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
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
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 System 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.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Electrical Digital Twin System Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 System Twin
1.2.3 Process Twin
1.2.4 Asset Twin
1.3 Market by Application
1.3.1 Global Electrical Digital Twin System 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 System Market Perspective (2019-2030)
2.2 Electrical Digital Twin System Growth Trends by Region
2.2.1 Global Electrical Digital Twin System Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Electrical Digital Twin System Historic Market Size by Region (2019-2024)
2.2.3 Electrical Digital Twin System Forecasted Market Size by Region (2025-2030)
2.3 Electrical Digital Twin System Market Dynamics
2.3.1 Electrical Digital Twin System Industry Trends
2.3.2 Electrical Digital Twin System Market Drivers
2.3.3 Electrical Digital Twin System Market Challenges
2.3.4 Electrical Digital Twin System Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Electrical Digital Twin System Players by Revenue
3.1.1 Global Top Electrical Digital Twin System Players by Revenue (2019-2024)
3.1.2 Global Electrical Digital Twin System Revenue Market Share by Players (2019-2024)
3.2 Global Electrical Digital Twin System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Electrical Digital Twin System Revenue
3.4 Global Electrical Digital Twin System Market Concentration Ratio
3.4.1 Global Electrical Digital Twin System Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Electrical Digital Twin System Revenue in 2023
3.5 Electrical Digital Twin System Key Players Head office and Area Served
3.6 Key Players Electrical Digital Twin System Product Solution and Service
3.7 Date of Enter into Electrical Digital Twin System Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Electrical Digital Twin System Breakdown Data by Type
4.1 Global Electrical Digital Twin System Historic Market Size by Type (2019-2024)
4.2 Global Electrical Digital Twin System Forecasted Market Size by Type (2025-2030)
5 Electrical Digital Twin System Breakdown Data by Application
5.1 Global Electrical Digital Twin System Historic Market Size by Application (2019-2024)
5.2 Global Electrical Digital Twin System Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Electrical Digital Twin System Market Size (2019-2030)
6.2 North America Electrical Digital Twin System Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Electrical Digital Twin System Market Size by Country (2019-2024)
6.4 North America Electrical Digital Twin System Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Electrical Digital Twin System Market Size (2019-2030)
7.2 Europe Electrical Digital Twin System Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Electrical Digital Twin System Market Size by Country (2019-2024)
7.4 Europe Electrical Digital Twin System 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 System Market Size (2019-2030)
8.2 Asia-Pacific Electrical Digital Twin System Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Electrical Digital Twin System Market Size by Region (2019-2024)
8.4 Asia-Pacific Electrical Digital Twin System 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 System Market Size (2019-2030)
9.2 Latin America Electrical Digital Twin System Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Electrical Digital Twin System Market Size by Country (2019-2024)
9.4 Latin America Electrical Digital Twin System Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Electrical Digital Twin System Market Size (2019-2030)
10.2 Middle East & Africa Electrical Digital Twin System Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Electrical Digital Twin System Market Size by Country (2019-2024)
10.4 Middle East & Africa Electrical Digital Twin System 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 System Introduction
11.1.4 General Electric Revenue in Electrical Digital Twin System 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 System Introduction
11.2.4 PTC Revenue in Electrical Digital Twin System 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 System Introduction
11.3.4 Siemens Revenue in Electrical Digital Twin System Business (2019-2024)
11.3.5 Siemens Recent Development
11.4 Dassault Systèmes
11.4.1 Dassault Systèmes Company Detail
11.4.2 Dassault Systèmes Business Overview
11.4.3 Dassault Systèmes Electrical Digital Twin System Introduction
11.4.4 Dassault Systèmes Revenue in Electrical Digital Twin System Business (2019-2024)
11.4.5 Dassault Systèmes 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 System Introduction
11.5.4 IBM Corporation Revenue in Electrical Digital Twin System 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 System Introduction
11.6.4 ANSYS Revenue in Electrical Digital Twin System 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 System Introduction
11.7.4 Microsoft Corporation Revenue in Electrical Digital Twin System 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 System Introduction
11.8.4 Oracle Corporation Revenue in Electrical Digital Twin System Business (2019-2024)
11.8.5 Oracle Corporation Recent Development
11.9 Accenture (Mackevision)
11.9.1 Accenture (Mackevision) Company Detail
11.9.2 Accenture (Mackevision) Business Overview
11.9.3 Accenture (Mackevision) Electrical Digital Twin System Introduction
11.9.4 Accenture (Mackevision) Revenue in Electrical Digital Twin System Business (2019-2024)
11.9.5 Accenture (Mackevision) Recent Development
11.10 SAP
11.10.1 SAP Company Detail
11.10.2 SAP Business Overview
11.10.3 SAP Electrical Digital Twin System Introduction
11.10.4 SAP Revenue in Electrical Digital Twin System Business (2019-2024)
11.10.5 SAP Recent Development
11.11 AVEVA Group (Schneider Electric)
11.11.1 AVEVA Group (Schneider Electric) Company Detail
11.11.2 AVEVA Group (Schneider Electric) Business Overview
11.11.3 AVEVA Group (Schneider Electric) Electrical Digital Twin System Introduction
11.11.4 AVEVA Group (Schneider Electric) Revenue in Electrical Digital Twin System Business (2019-2024)
11.11.5 AVEVA Group (Schneider Electric) Recent Development
11.12 Bentley Systems
11.12.1 Bentley Systems Company Detail
11.12.2 Bentley Systems Business Overview
11.12.3 Bentley Systems Electrical Digital Twin System Introduction
11.12.4 Bentley Systems Revenue in Electrical Digital Twin System Business (2019-2024)
11.12.5 Bentley Systems Recent Development
11.13 ABB
11.13.1 ABB Company Detail
11.13.2 ABB Business Overview
11.13.3 ABB Electrical Digital Twin System Introduction
11.13.4 ABB Revenue in Electrical Digital Twin System Business (2019-2024)
11.13.5 ABB Recent Development
11.14 ETAP
11.14.1 ETAP Company Detail
11.14.2 ETAP Business Overview
11.14.3 ETAP Electrical Digital Twin System Introduction
11.14.4 ETAP Revenue in Electrical Digital Twin System Business (2019-2024)
11.14.5 ETAP Recent Development
11.15 Emerson
11.15.1 Emerson Company Detail
11.15.2 Emerson Business Overview
11.15.3 Emerson Electrical Digital Twin System Introduction
11.15.4 Emerson Revenue in Electrical Digital Twin System Business (2019-2024)
11.15.5 Emerson 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
Published By : QY Research
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