Global Electrical Digital Twin Market 2023 by Company, Regions, Type and Application, Forecast to 2029

Report ID: GIR-BS-5735 | Category: Electronics & Semiconductor | Pages: 89 | Format: PDF | Published Date: April 17,2023

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Report Summary

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.
According to our (Global Info Research) latest study, the global Electrical Digital Twin market size was valued at USD 3964.8 million in 2022 and is forecast to a readjusted size of USD 13060 million by 2029 with a CAGR of 18.6% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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 is a detailed and comprehensive analysis for global Electrical Digital Twin market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Electrical Digital Twin market size and forecasts, in consumption value ($ Million), 2018-2029
Global Electrical Digital Twin market size and forecasts by region and country, in consumption value ($ Million), 2018-2029
Global Electrical Digital Twin market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029
Global Electrical Digital Twin market shares of main players, in revenue ($ Million), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Electrical Digital Twin
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Electrical Digital Twin market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include General Electric, PTC, Siemens, Dassault Systemes and IBM Corporation, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segmentation
Electrical Digital Twin market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
    Parts Twin
    Product Twin
    Process Twin
    System Twin
Market segment by Application
    Aerospace and Defense
    Automotive and Transportation
    Machine Manufacturing
    Energy and Utilities
    Others
Market segment by players, this report covers
    General Electric
    PTC
    Siemens
    Dassault Systemes
    IBM Corporation
    ANSYS
    Microsoft Corporation
    Oracle Corporation
Market segment by regions, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
    South America (Brazil, Argentina and Rest of South America)
    Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Electrical Digital Twin product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Electrical Digital Twin, with revenue, gross margin and global market share of Electrical Digital Twin from 2018 to 2023.
Chapter 3, the Electrical Digital Twin competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Electrical Digital Twin market forecast, by regions, type and application, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of Electrical Digital Twin.
Chapter 13, to describe Electrical Digital Twin research findings and conclusion.

1 Market Overview
    1.1 Product Overview and Scope of Electrical Digital Twin
    1.2 Market Estimation Caveats and Base Year
    1.3 Classification of Electrical Digital Twin by Type
        1.3.1 Overview: Global Electrical Digital Twin Market Size by Type: 2018 Versus 2022 Versus 2029
        1.3.2 Global Electrical Digital Twin Consumption Value Market Share by Type in 2022
        1.3.3 Parts Twin
        1.3.4 Product Twin
        1.3.5 Process Twin
        1.3.6 System Twin
    1.4 Global Electrical Digital Twin Market by Application
        1.4.1 Overview: Global Electrical Digital Twin Market Size by Application: 2018 Versus 2022 Versus 2029
        1.4.2 Aerospace and Defense
        1.4.3 Automotive and Transportation
        1.4.4 Machine Manufacturing
        1.4.5 Energy and Utilities
        1.4.6 Others
    1.5 Global Electrical Digital Twin Market Size & Forecast
    1.6 Global Electrical Digital Twin Market Size and Forecast by Region
        1.6.1 Global Electrical Digital Twin Market Size by Region: 2018 VS 2022 VS 2029
        1.6.2 Global Electrical Digital Twin Market Size by Region, (2018-2029)
        1.6.3 North America Electrical Digital Twin Market Size and Prospect (2018-2029)
        1.6.4 Europe Electrical Digital Twin Market Size and Prospect (2018-2029)
        1.6.5 Asia-Pacific Electrical Digital Twin Market Size and Prospect (2018-2029)
        1.6.6 South America Electrical Digital Twin Market Size and Prospect (2018-2029)
        1.6.7 Middle East and Africa Electrical Digital Twin Market Size and Prospect (2018-2029)
2 Company Profiles
    2.1 General Electric
        2.1.1 General Electric Details
        2.1.2 General Electric Major Business
        2.1.3 General Electric Electrical Digital Twin Product and Solutions
        2.1.4 General Electric Electrical Digital Twin Revenue, Gross Margin and Market Share (2018-2023)
        2.1.5 General Electric Recent Developments and Future Plans
    2.2 PTC
        2.2.1 PTC Details
        2.2.2 PTC Major Business
        2.2.3 PTC Electrical Digital Twin Product and Solutions
        2.2.4 PTC Electrical Digital Twin Revenue, Gross Margin and Market Share (2018-2023)
        2.2.5 PTC Recent Developments and Future Plans
    2.3 Siemens
        2.3.1 Siemens Details
        2.3.2 Siemens Major Business
        2.3.3 Siemens Electrical Digital Twin Product and Solutions
        2.3.4 Siemens Electrical Digital Twin Revenue, Gross Margin and Market Share (2018-2023)
        2.3.5 Siemens Recent Developments and Future Plans
    2.4 Dassault Systemes
        2.4.1 Dassault Systemes Details
        2.4.2 Dassault Systemes Major Business
        2.4.3 Dassault Systemes Electrical Digital Twin Product and Solutions
        2.4.4 Dassault Systemes Electrical Digital Twin Revenue, Gross Margin and Market Share (2018-2023)
        2.4.5 Dassault Systemes Recent Developments and Future Plans
    2.5 IBM Corporation
        2.5.1 IBM Corporation Details
        2.5.2 IBM Corporation Major Business
        2.5.3 IBM Corporation Electrical Digital Twin Product and Solutions
        2.5.4 IBM Corporation Electrical Digital Twin Revenue, Gross Margin and Market Share (2018-2023)
        2.5.5 IBM Corporation Recent Developments and Future Plans
    2.6 ANSYS
        2.6.1 ANSYS Details
        2.6.2 ANSYS Major Business
        2.6.3 ANSYS Electrical Digital Twin Product and Solutions
        2.6.4 ANSYS Electrical Digital Twin Revenue, Gross Margin and Market Share (2018-2023)
        2.6.5 ANSYS Recent Developments and Future Plans
    2.7 Microsoft Corporation
        2.7.1 Microsoft Corporation Details
        2.7.2 Microsoft Corporation Major Business
        2.7.3 Microsoft Corporation Electrical Digital Twin Product and Solutions
        2.7.4 Microsoft Corporation Electrical Digital Twin Revenue, Gross Margin and Market Share (2018-2023)
        2.7.5 Microsoft Corporation Recent Developments and Future Plans
    2.8 Oracle Corporation
        2.8.1 Oracle Corporation Details
        2.8.2 Oracle Corporation Major Business
        2.8.3 Oracle Corporation Electrical Digital Twin Product and Solutions
        2.8.4 Oracle Corporation Electrical Digital Twin Revenue, Gross Margin and Market Share (2018-2023)
        2.8.5 Oracle Corporation Recent Developments and Future Plans
3 Market Competition, by Players
    3.1 Global Electrical Digital Twin Revenue and Share by Players (2018-2023)
    3.2 Market Share Analysis (2022)
        3.2.1 Market Share of Electrical Digital Twin by Company Revenue
        3.2.2 Top 3 Electrical Digital Twin Players Market Share in 2022
        3.2.3 Top 6 Electrical Digital Twin Players Market Share in 2022
    3.3 Electrical Digital Twin Market: Overall Company Footprint Analysis
        3.3.1 Electrical Digital Twin Market: Region Footprint
        3.3.2 Electrical Digital Twin Market: Company Product Type Footprint
        3.3.3 Electrical Digital Twin Market: Company Product Application Footprint
    3.4 New Market Entrants and Barriers to Market Entry
    3.5 Mergers, Acquisition, Agreements, and Collaborations
4 Market Size Segment by Type
    4.1 Global Electrical Digital Twin Consumption Value and Market Share by Type (2018-2023)
    4.2 Global Electrical Digital Twin Market Forecast by Type (2024-2029)
5 Market Size Segment by Application
    5.1 Global Electrical Digital Twin Consumption Value Market Share by Application (2018-2023)
    5.2 Global Electrical Digital Twin Market Forecast by Application (2024-2029)
6 North America
    6.1 North America Electrical Digital Twin Consumption Value by Type (2018-2029)
    6.2 North America Electrical Digital Twin Consumption Value by Application (2018-2029)
    6.3 North America Electrical Digital Twin Market Size by Country
        6.3.1 North America Electrical Digital Twin Consumption Value by Country (2018-2029)
        6.3.2 United States Electrical Digital Twin Market Size and Forecast (2018-2029)
        6.3.3 Canada Electrical Digital Twin Market Size and Forecast (2018-2029)
        6.3.4 Mexico Electrical Digital Twin Market Size and Forecast (2018-2029)
7 Europe
    7.1 Europe Electrical Digital Twin Consumption Value by Type (2018-2029)
    7.2 Europe Electrical Digital Twin Consumption Value by Application (2018-2029)
    7.3 Europe Electrical Digital Twin Market Size by Country
        7.3.1 Europe Electrical Digital Twin Consumption Value by Country (2018-2029)
        7.3.2 Germany Electrical Digital Twin Market Size and Forecast (2018-2029)
        7.3.3 France Electrical Digital Twin Market Size and Forecast (2018-2029)
        7.3.4 United Kingdom Electrical Digital Twin Market Size and Forecast (2018-2029)
        7.3.5 Russia Electrical Digital Twin Market Size and Forecast (2018-2029)
        7.3.6 Italy Electrical Digital Twin Market Size and Forecast (2018-2029)
8 Asia-Pacific
    8.1 Asia-Pacific Electrical Digital Twin Consumption Value by Type (2018-2029)
    8.2 Asia-Pacific Electrical Digital Twin Consumption Value by Application (2018-2029)
    8.3 Asia-Pacific Electrical Digital Twin Market Size by Region
        8.3.1 Asia-Pacific Electrical Digital Twin Consumption Value by Region (2018-2029)
        8.3.2 China Electrical Digital Twin Market Size and Forecast (2018-2029)
        8.3.3 Japan Electrical Digital Twin Market Size and Forecast (2018-2029)
        8.3.4 South Korea Electrical Digital Twin Market Size and Forecast (2018-2029)
        8.3.5 India Electrical Digital Twin Market Size and Forecast (2018-2029)
        8.3.6 Southeast Asia Electrical Digital Twin Market Size and Forecast (2018-2029)
        8.3.7 Australia Electrical Digital Twin Market Size and Forecast (2018-2029)
9 South America
    9.1 South America Electrical Digital Twin Consumption Value by Type (2018-2029)
    9.2 South America Electrical Digital Twin Consumption Value by Application (2018-2029)
    9.3 South America Electrical Digital Twin Market Size by Country
        9.3.1 South America Electrical Digital Twin Consumption Value by Country (2018-2029)
        9.3.2 Brazil Electrical Digital Twin Market Size and Forecast (2018-2029)
        9.3.3 Argentina Electrical Digital Twin Market Size and Forecast (2018-2029)
10 Middle East & Africa
    10.1 Middle East & Africa Electrical Digital Twin Consumption Value by Type (2018-2029)
    10.2 Middle East & Africa Electrical Digital Twin Consumption Value by Application (2018-2029)
    10.3 Middle East & Africa Electrical Digital Twin Market Size by Country
        10.3.1 Middle East & Africa Electrical Digital Twin Consumption Value by Country (2018-2029)
        10.3.2 Turkey Electrical Digital Twin Market Size and Forecast (2018-2029)
        10.3.3 Saudi Arabia Electrical Digital Twin Market Size and Forecast (2018-2029)
        10.3.4 UAE Electrical Digital Twin Market Size and Forecast (2018-2029)
11 Market Dynamics
    11.1 Electrical Digital Twin Market Drivers
    11.2 Electrical Digital Twin Market Restraints
    11.3 Electrical Digital Twin Trends Analysis
    11.4 Porters Five Forces Analysis
        11.4.1 Threat of New Entrants
        11.4.2 Bargaining Power of Suppliers
        11.4.3 Bargaining Power of Buyers
        11.4.4 Threat of Substitutes
        11.4.5 Competitive Rivalry
    11.5 Influence of COVID-19 and Russia-Ukraine War
        11.5.1 Influence of COVID-19
        11.5.2 Influence of Russia-Ukraine War
12 Industry Chain Analysis
    12.1 Electrical Digital Twin Industry Chain
    12.2 Electrical Digital Twin Upstream Analysis
    12.3 Electrical Digital Twin Midstream Analysis
    12.4 Electrical Digital Twin Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
    14.1 Methodology
    14.2 Research Process and Data Source
    14.3 Disclaimer

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Global Electrical Digital Twin Market 2023 by Company, Regions, Type and Application, Forecast to 2029

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