電力向けデジタルツインの世界市場規模、シェア、産業動向分析レポート：エンドユーザー別、用途別（資産パフォーマンス管理、ビジネス＆オペレーション最適化）、タイプ別、地域別展望・予測、2023年～2029年

電力向けデジタルツイン市場規模は、2029年には18億米ドルに達し、予測期間中にCAGR12.2%の市場成長率で上昇すると予測されています。

データの収集、保存、分析、デジタルツインの開発を可能にするスマートメーター＆センサーの設置は、この情報レイヤーを確立します。電力システムおよびユーティリティ事業者は、バーチャルリアリティ、AI、IoT、機械学習、その他の新技術の助けを借りて、デジタルツインが生成するデータセットの膨大な量と多様な構造を調べることができるようになるはずです。

この分析は、メーターのシームレスな問題検出、メンテナンス要件の予測、持続可能なエネルギーの品質監視、再生可能エネルギーの予測など、いくつかのタスクに活用することができます。さらに、機械学習と人工知能（AI）は、電力系統事業者に自動的に洞察を提供し、ビジネス成果を高めることができます。

COVID-19の影響分析

COVID-19の発生は、世界経済＆エネルギー業界に致命的な打撃を与え、供給網を混乱させ、需要を抑制しました。電力業界は、労働人口の減少や遠隔地での勤務、商業用エネルギー需要の減少、顧客からの問い合わせの増加、ロックダウンの中でのデジタルまたはセルフサービスの利用など、いくつかの困難に直面しました。ユーティリティや送電網の運営会社は、こうした困難の中で、業務の自動化、デジタル化、分散化を加速させる必要に迫られました。COVID-19に関連する制限によってもたらされた労働習慣の変化は、ユーティリティや送電線事業者のデジタルビジネスへの転換を加速させました。このように、COVID-19の普及によって、市場は大きな利益を得ています。

市場の成長要因

デジタルツインを活用した再生可能エネルギーの可変化とDERの分散化

ユーティリティやグリッド事業者は、電力ネットワークの監視、調整、自動化、運営を行うために、電力向けデジタルツインのような、より迅速で効果的なソリューションを必要としています。グリッドの近代化計画、特にDERの統合がもたらす課題は、電力向けデジタルツインによって解決することができます。これらのツールは、グリッド近代化プロセスの計画、分析、開発、およびDERの影響評価を支援します。その結果、ユーティリティはDERの相互接続手続きを簡素化することができ、顧客対応時間の短縮、費用対効果の高い投資の実現、経営効率の向上が可能になります。このことから、電力向けデジタルツイン市場は、予測期間中に大きな成長を遂げるものと思われます。

成長を支えるエネルギー4.0の到来

世界のユーティリティは、機械学習、AI、モノのインターネット（IIoT）、クラウドコンピューティングなどの先進技術を採用し、予測・処方的メンテナンス、スマートメータ、資産性能監視・管理、分散型エネルギー資源（DER）の自動化、分散型再生可能発電システムの変動分析などの機能を強化しています。電力向けデジタルツインを導入することで、ユーティリティはさまざまな送電、発電、配電モデル、再生可能エネルギー統合シナリオを事前に予測、評価、最適化できるようになります。

市場抑制要因

システムの複雑さと正確なモデルへのアクセス

デジタルツインは、故障を予測するために、機器の故障モードに関する情報を提供する必要があります。デジタルツインを維持することは、機器、資産、運用状況に調整がある場合、より困難になります。物理的なシステムに変更があれば、そのデジタルモデルやアルゴリズムにも同等の調整が必要になります。機械レベルでの新しい部品の取り付けや運用レベルの変更など、一部のシナリオのモデリングは正確でない可能性があるため、複雑なレベルが上がるにつれてエラーの可能性が高まるかもしれません。このような問題から、電力業界では電力向けデジタルツインの普及が進んでいないのが現状です。

タイプ別展望

電力向けデジタルツイン市場は、タイプ別に製品デジタルツイン、プロセスデジタルツイン、システムデジタルツインに分類されます。システムデジタルツインセグメントは、2022年の電力向けデジタルツイン市場で最大の収益シェアを記録しました。ネットワークレベルの最適化の必要性がその背景にあります。システムまたはネットワーク全体のタスクを実行するために一緒に動作する物品と手順のグループは、システムデジタルツインを構成します。変電所、風力発電所、発電所、分散型エネルギー資源などは、この技術を使って刺激することができるシステムやネットワークのいくつかの例です。

用途の展望

電力向けデジタルツイン市場は、用途別に資産パフォーマンス管理、ビジネス＆オペレーション最適化の2つに分類されます。企業は、デジタルツインを使用して、状況下で物理的な資産の性能を評価したり、リアルタイムで資産の性能を監視したりします。実際の資産に取り付けられたセンサーからのデータを使用することで、信頼性の高い故障モデルを作成することができます。多くの企業によって開発された膨大な数の商用デジタルツインソフトウェアが、この分野の市場成長をますます後押しすると推定されます。

エンドユーザーの展望

エンドユーザー別に見ると、電力向けデジタルツイン市場はユーティリティとグリッドインフラ事業者に分けられます。2022年の電力向けデジタルツイン市場では、ユーティリティ分野が最も高い収益シェアを占めています。再生可能エネルギー源の利用拡大や最先端のデジタル技術が、このセグメントの拡大の要因となっています。強力な長期資産管理と事業戦略を確立し、運用コストを最小化するために、複数のユーティリティが電力向けデジタルツインの導入に投資しています。これらのツインは、リアルタイムでデータを分析・可視化することができます。

地域別の展望

地域別に見ると、電力向けデジタルツイン市場は、北米、欧州、アジア太平洋、LAMEAで分析されています。2022年、北米地域は最大の収益シェアを獲得し、電力向けデジタルツイン市場をリードしました。北米市場の開拓は、老朽化した発電および配電インフラを更新するために最先端のデジタル技術を採用するために行われている投資の増加によって促進されます。さらに、電力向けデジタルツインのようなデジタル技術への投資を促す2つの重要な側面として、クリーンで信頼性の高いエネルギーへの需要の高まりと再生可能エネルギー発電の重視が挙げられます。

市場参入企業がとる主な戦略は、パートナーシップです。カーディナルマトリックスで示された分析によると、マイクロソフト株式会社がエレクトリカルデジタルツイン市場の先駆者です。Siemens AG、Schneider Electric SE、IBM Corporationなどの企業は、Electrical Digital Twin市場における主要なイノベーターです。

目次

第1章 市場範囲と調査手法

• 市場の定義
• 目的
• 市場範囲
• セグメンテーション
  • 世界の電力向けデジタルツイン市場：エンドユーザー別
  • 世界の電力向けデジタルツイン市場：用途別
  • 世界の電力向けデジタルツイン市場：タイプ別
  • 世界の電力向けデジタルツイン市場：地域別
• 調査手法

第2章 市場概要

• イントロダクション
  • 概要
    • 市場構成とシナリオ
• 市場に影響を与える主な要因
  • 市場促進要因
  • 市場抑制要因

第3章 競合分析- 世界

• KBVカーディナルマトリックス
• 最近の業界全体の戦略的展開
  • パートナーシップ、コラボレーション、および契約
  • 製品の発売と製品の拡大
  • 買収と合併
• 主要成功戦略
  • 主要なリーディングストラテジー
  • 主要な戦略的動き

第4章 世界の電力向けデジタルツイン市場：エンドユーザー別

• 世界のユーティリティ市場：地域別
• 世界のグリッドインフラ事業者市場：地域別

第5章 世界の電力向けデジタルツイン市場：用途別

• 世界の資産パフォーマンス管理市場：地域別
• 世界のビジネス＆オペレーション最適化市場：地域別

第6章 世界の電力向けデジタルツイン市場：タイプ別

• 世界のシステムデジタルツイン市場：地域別
• 世界のプロセスデジタルツイン市場：地域別
• 世界の製品デジタルツイン市場：地域別

第7章 世界の電力向けデジタルツイン市場：地域別

• 北米
  • 北米の市場：国別
    • 米国
    • カナダ
    • メキシコ
    • その他北米地域
• 欧州
  • 欧州の市場：国別
    • ドイツ
    • 英国
    • フランス
    • ロシア
    • スペイン
    • イタリア
    • その他欧州地域
• アジア太平洋
  • アジア太平洋の市場：国別
    • 中国
    • 日本
    • インド
    • 韓国
    • シンガポール
    • マレーシア
    • その他アジア太平洋地域
• ラテンアメリカ・中東・アフリカ
  • ラテンアメリカ・中東・アフリカの市場：国別
    • ブラジル
    • アルゼンチン
    • アラブ首長国連邦
    • サウジアラビア
    • 南アフリカ
    • ナイジェリア
    • その他ラテンアメリカ・中東・アフリカ地域

第8章 企業プロファイル

• ABB Group
• IBM Corporation
• Schneider Electric SE
• Siemens AG
• General Electric Company
• Oracle Corporation
• SAP SE
• Microsoft Corporation
• Emerson Electric Co
• Bentley Systems, Inc

LIST OF TABLES

• TABLE 1 Global Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 2 Global Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 3 Partnerships, Collaborations and Agreements- Electrical Digital Twin Market
• TABLE 4 Product Launches And Product Expansions- Electrical Digital Twin Market
• TABLE 5 Acquisition and Mergers- Electrical Digital Twin Market
• TABLE 6 Global Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 7 Global Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 8 Global Utilities Market by Region, 2019 - 2022, USD Million
• TABLE 9 Global Utilities Market by Region, 2023 - 2029, USD Million
• TABLE 10 Global Grid Infrastructure Operators Market by Region, 2019 - 2022, USD Million
• TABLE 11 Global Grid Infrastructure Operators Market by Region, 2023 - 2029, USD Million
• TABLE 12 Global Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 13 Global Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 14 Global Asset Performance Management Market by Region, 2019 - 2022, USD Million
• TABLE 15 Global Asset Performance Management Market by Region, 2023 - 2029, USD Million
• TABLE 16 Global Business & Operations Optimization Market by Region, 2019 - 2022, USD Million
• TABLE 17 Global Business & Operations Optimization Market by Region, 2023 - 2029, USD Million
• TABLE 18 Global Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 19 Global Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 20 Global System Digital Twin Market by Region, 2019 - 2022, USD Million
• TABLE 21 Global System Digital Twin Market by Region, 2023 - 2029, USD Million
• TABLE 22 Global Process Digital Twin Market by Region, 2019 - 2022, USD Million
• TABLE 23 Global Process Digital Twin Market by Region, 2023 - 2029, USD Million
• TABLE 24 Global Product Digital Twin Market by Region, 2019 - 2022, USD Million
• TABLE 25 Global Product Digital Twin Market by Region, 2023 - 2029, USD Million
• TABLE 26 Global Electrical Digital Twin Market by Region, 2019 - 2022, USD Million
• TABLE 27 Global Electrical Digital Twin Market by Region, 2023 - 2029, USD Million
• TABLE 28 North America Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 29 North America Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 30 North America Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 31 North America Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 32 North America Utilities Market by Country, 2019 - 2022, USD Million
• TABLE 33 North America Utilities Market by Country, 2023 - 2029, USD Million
• TABLE 34 North America Grid Infrastructure Operators Market by Country, 2019 - 2022, USD Million
• TABLE 35 North America Grid Infrastructure Operators Market by Country, 2023 - 2029, USD Million
• TABLE 36 North America Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 37 North America Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 38 North America Asset Performance Management Market by Country, 2019 - 2022, USD Million
• TABLE 39 North America Asset Performance Management Market by Country, 2023 - 2029, USD Million
• TABLE 40 North America Business & Operations Optimization Market by Country, 2019 - 2022, USD Million
• TABLE 41 North America Business & Operations Optimization Market by Country, 2023 - 2029, USD Million
• TABLE 42 North America Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 43 North America Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 44 North America System Digital Twin Market by Country, 2019 - 2022, USD Million
• TABLE 45 North America System Digital Twin Market by Country, 2023 - 2029, USD Million
• TABLE 46 North America Process Digital Twin Market by Country, 2019 - 2022, USD Million
• TABLE 47 North America Process Digital Twin Market by Country, 2023 - 2029, USD Million
• TABLE 48 North America Product Digital Twin Market by Country, 2019 - 2022, USD Million
• TABLE 49 North America Product Digital Twin Market by Country, 2023 - 2029, USD Million
• TABLE 50 North America Electrical Digital Twin Market by Country, 2019 - 2022, USD Million
• TABLE 51 North America Electrical Digital Twin Market by Country, 2023 - 2029, USD Million
• TABLE 52 US Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 53 US Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 54 US Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 55 US Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 56 US Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 57 US Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 58 US Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 59 US Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 60 Canada Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 61 Canada Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 62 Canada Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 63 Canada Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 64 Canada Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 65 Canada Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 66 Canada Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 67 Canada Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 68 Mexico Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 69 Mexico Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 70 Mexico Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 71 Mexico Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 72 Mexico Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 73 Mexico Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 74 Mexico Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 75 Mexico Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 76 Rest of North America Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 77 Rest of North America Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 78 Rest of North America Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 79 Rest of North America Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 80 Rest of North America Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 81 Rest of North America Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 82 Rest of North America Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 83 Rest of North America Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 84 Europe Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 85 Europe Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 86 Europe Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 87 Europe Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 88 Europe Utilities Market by Country, 2019 - 2022, USD Million
• TABLE 89 Europe Utilities Market by Country, 2023 - 2029, USD Million
• TABLE 90 Europe Grid Infrastructure Operators Market by Country, 2019 - 2022, USD Million
• TABLE 91 Europe Grid Infrastructure Operators Market by Country, 2023 - 2029, USD Million
• TABLE 92 Europe Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 93 Europe Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 94 Europe Asset Performance Management Market by Country, 2019 - 2022, USD Million
• TABLE 95 Europe Asset Performance Management Market by Country, 2023 - 2029, USD Million
• TABLE 96 Europe Business & Operations Optimization Market by Country, 2019 - 2022, USD Million
• TABLE 97 Europe Business & Operations Optimization Market by Country, 2023 - 2029, USD Million
• TABLE 98 Europe Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 99 Europe Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 100 Europe System Digital Twin Market by Country, 2019 - 2022, USD Million
• TABLE 101 Europe System Digital Twin Market by Country, 2023 - 2029, USD Million
• TABLE 102 Europe Process Digital Twin Market by Country, 2019 - 2022, USD Million
• TABLE 103 Europe Process Digital Twin Market by Country, 2023 - 2029, USD Million
• TABLE 104 Europe Product Digital Twin Market by Country, 2019 - 2022, USD Million
• TABLE 105 Europe Product Digital Twin Market by Country, 2023 - 2029, USD Million
• TABLE 106 Europe Electrical Digital Twin Market by Country, 2019 - 2022, USD Million
• TABLE 107 Europe Electrical Digital Twin Market by Country, 2023 - 2029, USD Million
• TABLE 108 Germany Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 109 Germany Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 110 Germany Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 111 Germany Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 112 Germany Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 113 Germany Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 114 Germany Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 115 Germany Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 116 UK Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 117 UK Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 118 UK Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 119 UK Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 120 UK Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 121 UK Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 122 UK Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 123 UK Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 124 France Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 125 France Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 126 France Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 127 France Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 128 France Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 129 France Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 130 France Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 131 France Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 132 Russia Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 133 Russia Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 134 Russia Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 135 Russia Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 136 Russia Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 137 Russia Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 138 Russia Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 139 Russia Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 140 Spain Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 141 Spain Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 142 Spain Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 143 Spain Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 144 Spain Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 145 Spain Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 146 Spain Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 147 Spain Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 148 Italy Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 149 Italy Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 150 Italy Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 151 Italy Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 152 Italy Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 153 Italy Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 154 Italy Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 155 Italy Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 156 Rest of Europe Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 157 Rest of Europe Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 158 Rest of Europe Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 159 Rest of Europe Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 160 Rest of Europe Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 161 Rest of Europe Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 162 Rest of Europe Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 163 Rest of Europe Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 164 Asia Pacific Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 165 Asia Pacific Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 166 Asia Pacific Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 167 Asia Pacific Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 168 Asia Pacific Utilities Market by Country, 2019 - 2022, USD Million
• TABLE 169 Asia Pacific Utilities Market by Country, 2023 - 2029, USD Million
• TABLE 170 Asia Pacific Grid Infrastructure Operators Market by Country, 2019 - 2022, USD Million
• TABLE 171 Asia Pacific Grid Infrastructure Operators Market by Country, 2023 - 2029, USD Million
• TABLE 172 Asia Pacific Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 173 Asia Pacific Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 174 Asia Pacific Asset Performance Management Market by Country, 2019 - 2022, USD Million
• TABLE 175 Asia Pacific Asset Performance Management Market by Country, 2023 - 2029, USD Million
• TABLE 176 Asia Pacific Business & Operations Optimization Market by Country, 2019 - 2022, USD Million
• TABLE 177 Asia Pacific Business & Operations Optimization Market by Country, 2023 - 2029, USD Million
• TABLE 178 Asia Pacific Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 179 Asia Pacific Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 180 Asia Pacific System Digital Twin Market by Country, 2019 - 2022, USD Million
• TABLE 181 Asia Pacific System Digital Twin Market by Country, 2023 - 2029, USD Million
• TABLE 182 Asia Pacific Process Digital Twin Market by Country, 2019 - 2022, USD Million
• TABLE 183 Asia Pacific Process Digital Twin Market by Country, 2023 - 2029, USD Million
• TABLE 184 Asia Pacific Product Digital Twin Market by Country, 2019 - 2022, USD Million
• TABLE 185 Asia Pacific Product Digital Twin Market by Country, 2023 - 2029, USD Million
• TABLE 186 Asia Pacific Electrical Digital Twin Market by Country, 2019 - 2022, USD Million
• TABLE 187 Asia Pacific Electrical Digital Twin Market by Country, 2023 - 2029, USD Million
• TABLE 188 China Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 189 China Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 190 China Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 191 China Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 192 China Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 193 China Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 194 China Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 195 China Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 196 Japan Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 197 Japan Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 198 Japan Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 199 Japan Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 200 Japan Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 201 Japan Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 202 Japan Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 203 Japan Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 204 India Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 205 India Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 206 India Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 207 India Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 208 India Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 209 India Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 210 India Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 211 India Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 212 South Korea Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 213 South Korea Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 214 South Korea Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 215 South Korea Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 216 South Korea Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 217 South Korea Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 218 South Korea Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 219 South Korea Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 220 Singapore Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 221 Singapore Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 222 Singapore Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 223 Singapore Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 224 Singapore Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 225 Singapore Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 226 Singapore Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 227 Singapore Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 228 Malaysia Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 229 Malaysia Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 230 Malaysia Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 231 Malaysia Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 232 Malaysia Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 233 Malaysia Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 234 Malaysia Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 235 Malaysia Electrical Digital Twin Market by Type, 2023 - 2029, USD Million

• TABLE 236 Rest of Asia Pacific Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 237 Rest of Asia Pacific Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 238 Rest of Asia Pacific Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 239 Rest of Asia Pacific Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 240 Rest of Asia Pacific Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 241 Rest of Asia Pacific Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 242 Rest of Asia Pacific Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 243 Rest of Asia Pacific Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 244 LAMEA Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 245 LAMEA Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 246 LAMEA Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 247 LAMEA Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 248 LAMEA Utilities Market by Country, 2019 - 2022, USD Million
• TABLE 249 LAMEA Utilities Market by Country, 2023 - 2029, USD Million
• TABLE 250 LAMEA Grid Infrastructure Operators Market by Country, 2019 - 2022, USD Million
• TABLE 251 LAMEA Grid Infrastructure Operators Market by Country, 2023 - 2029, USD Million
• TABLE 252 LAMEA Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 253 LAMEA Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 254 LAMEA Asset Performance Management Market by Country, 2019 - 2022, USD Million
• TABLE 255 LAMEA Asset Performance Management Market by Country, 2023 - 2029, USD Million
• TABLE 256 LAMEA Business & Operations Optimization Market by Country, 2019 - 2022, USD Million
• TABLE 257 LAMEA Business & Operations Optimization Market by Country, 2023 - 2029, USD Million
• TABLE 258 LAMEA Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 259 LAMEA Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 260 LAMEA System Digital Twin Market by Country, 2019 - 2022, USD Million
• TABLE 261 LAMEA System Digital Twin Market by Country, 2023 - 2029, USD Million
• TABLE 262 LAMEA Process Digital Twin Market by Country, 2019 - 2022, USD Million
• TABLE 263 LAMEA Process Digital Twin Market by Country, 2023 - 2029, USD Million
• TABLE 264 LAMEA Product Digital Twin Market by Country, 2019 - 2022, USD Million
• TABLE 265 LAMEA Product Digital Twin Market by Country, 2023 - 2029, USD Million
• TABLE 266 LAMEA Electrical Digital Twin Market by Country, 2019 - 2022, USD Million
• TABLE 267 LAMEA Electrical Digital Twin Market by Country, 2023 - 2029, USD Million
• TABLE 268 Brazil Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 269 Brazil Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 270 Brazil Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 271 Brazil Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 272 Brazil Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 273 Brazil Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 274 Brazil Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 275 Brazil Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 276 Argentina Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 277 Argentina Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 278 Argentina Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 279 Argentina Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 280 Argentina Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 281 Argentina Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 282 Argentina Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 283 Argentina Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 284 UAE Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 285 UAE Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 286 UAE Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 287 UAE Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 288 UAE Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 289 UAE Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 290 UAE Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 291 UAE Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 292 Saudi Arabia Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 293 Saudi Arabia Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 294 Saudi Arabia Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 295 Saudi Arabia Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 296 Saudi Arabia Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 297 Saudi Arabia Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 298 Saudi Arabia Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 299 Saudi Arabia Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 300 South Africa Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 301 South Africa Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 302 South Africa Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 303 South Africa Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 304 South Africa Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 305 South Africa Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 306 South Africa Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 307 South Africa Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 308 Nigeria Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 309 Nigeria Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 310 Nigeria Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 311 Nigeria Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 312 Nigeria Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 313 Nigeria Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 314 Nigeria Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 315 Nigeria Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 316 Rest of LAMEA Electrical Digital Twin Market, 2019 - 2022, USD Million
• TABLE 317 Rest of LAMEA Electrical Digital Twin Market, 2023 - 2029, USD Million
• TABLE 318 Rest of LAMEA Electrical Digital Twin Market by End User, 2019 - 2022, USD Million
• TABLE 319 Rest of LAMEA Electrical Digital Twin Market by End User, 2023 - 2029, USD Million
• TABLE 320 Rest of LAMEA Electrical Digital Twin Market by Application, 2019 - 2022, USD Million
• TABLE 321 Rest of LAMEA Electrical Digital Twin Market by Application, 2023 - 2029, USD Million
• TABLE 322 Rest of LAMEA Electrical Digital Twin Market by Type, 2019 - 2022, USD Million
• TABLE 323 Rest of LAMEA Electrical Digital Twin Market by Type, 2023 - 2029, USD Million
• TABLE 324 Key Information - ABB Group
• TABLE 325 Key information - IBM Corporation
• TABLE 326 Key information - Schneider Electric SE
• TABLE 327 Key Information - Siemens AG
• TABLE 328 KEY INFORMATION - General Electric Company
• TABLE 329 Key Information - Oracle Corporation
• TABLE 330 Key Information - SAP SE
• TABLE 331 key information - Microsoft Corporation
• TABLE 332 Key Information - Emerson Electric Co.
• TABLE 333 Key Information - Bentley Systems, Inc.

List of Figures

• FIG 1 Methodology for the research
• FIG 2 KBV Cardinal Matrix
• FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
• FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2019, Feb - 2023, Jan) Leading Players
• FIG 5 Global Electrical Digital Twin Market share by End User, 2022
• FIG 6 Global Electrical Digital Twin Market share by End User, 2029
• FIG 7 Global Electrical Digital Twin Market by End User, 2019 - 2029, USD Million
• FIG 8 Global Electrical Digital Twin Market share by Application, 2022
• FIG 9 Global Electrical Digital Twin Market share by Application, 2029
• FIG 10 Global Electrical Digital Twin Market by Application, 2019 - 2029, USD Million
• FIG 11 Global Electrical Digital Twin Market share by Type, 2022
• FIG 12 Global Electrical Digital Twin Market share by Type, 2029
• FIG 13 Global Electrical Digital Twin Market by Type, 2019 - 2029, USD Million
• FIG 14 Global Electrical Digital Twin Market share by Region, 2022
• FIG 15 Global Electrical Digital Twin Market share by Region, 2029
• FIG 16 Global Electrical Digital Twin Market by Region, 2019 - 2029, USD Million
• FIG 17 Recent strategies and developments: ABB Group
• FIG 18 SWOT Analysis: ABB Group
• FIG 19 Recent strategies and developments: IBM Corporation
• FIG 20 Swot analysis: IBM Corporation
• FIG 21 Recent strategies and developments: Schneider Electric SE
• FIG 22 Swot analysis: Schneider Electric SE
• FIG 23 Recent strategies and developments: Siemens AG
• FIG 24 Swot analysis: Siemens AG
• FIG 25 Swot analysis: General electric (GE) Co.
• FIG 26 SWOT analysis: Oracle Corporation
• FIG 27 SWOT Analysis: SAP SE
• FIG 28 SWOT Analysis: Microsoft Corporation

The Global Electrical Digital Twin Market size is expected to reach $1.8 billion by 2029, rising at a market growth of 12.2% CAGR during the forecast period.

The electrical digital twin allows utilities to facilitate the process of data maintenance as well as exchange. An object or system's "digital twin" is essentially a virtual representation that spans its lifecycle, is updated with real-time data, and employs simulation, machine learning, and reasoning to support decision-making. The demand for real-time healthcare services is likely to increase. Predictive maintenance using digital twins is also becoming more popular to prevent unplanned outages.

Additionally, it is anticipated that the market will increase during the projected period due to the increasing acceptance of advanced technologies for implementing digital twin applications. By adding an information layer to smart grids, AI makes it possible for utilities and consumers to communicate with each other via electrical networks. In addition, this layer enables interaction between the various grid parts so they can better react to sudden changes in energy demand or emergencies.

Installing smart meters & sensors, which enable data collecting, storage, analysis, and the development of a digital twin, establishes this information layer. Power system and utility operators should be able to examine the sizable amount and varied structure of the datasets produced by digital twins with the aid of virtual reality, AI, IoT, machine learning, and other emerging technologies.

This analysis can be utilized for several tasks, such as seamless problem detection in meters, anticipatory maintenance requirements, quality monitoring of sustainable energy, and forecasting for renewable energy. Additionally, machine learning and artificial intelligence (AI) can automatically provide insights to power system operators and enhance business outcomes.

COVID-19 Impact Analysis

The COVID-19 outbreak has dealt a fatal blow to the world economy & the energy industry, upsetting supply networks and stifling demand. The power industry faced several difficulties, including a smaller and more distant workforce, declining commercial energy demand, rising customer calls, and using digital or self-serve channels amid lockdowns. Utility companies and grid operators were compelled by these difficulties to speed up their operations' automation, digitalization, and decentralization. The shift in working habits brought on by COVID-19-related limitations has accelerated utilities' and grid operators' efforts to convert into digital businesses. The market has so greatly profited from COVID-19's widespread use.

Market Growth Factors

Incorporation of variable renewable energy and decentralization of DER using digital twin

In order to monitor, regulate, automate, and run their power networks, utilities, and grid operators need quicker and more effective solutions, such as electrical digital twins. The challenges posed by grid modernization programs, particularly DER integration, can be addressed by electrical digital twins. These tools aid in planning, analyzing, and developing the grid modernization process as well as assessing the impact of DER. As a result, utilities are able to simplify the DER interconnection procedure, which enhances customer response times, makes cost-effective investments possible, and boosts operational effectiveness. In light of this, the electric digital twin market is estimated to witness significant growth during the projection period.

Advent of energy 4.0 supporting growth

Electric utilities globally are adopting advanced technologies such as machine learning, AI, Industrial Internet of Things (IIoT), and cloud computing to enhance their predictive & prescriptive maintenance, smart metering, asset performance monitoring & management, automation of distributed energy resources (DER), and analysis of fluctuations in decentralized renewable generation systems. Implementing an electrical digital twin empowers utility companies to proactively anticipate, evaluate, and optimize various transmission, power generation, and distribution models, as well as renewable energy integration scenarios.

Market Restraining Factors

Complexity in systems and access to accurate models

A digital twin should be supplied with information on equipment failure modes to predict failures. Maintaining the digital duplicate becomes more challenging when there are adjustments to the equipment, assets, or operating status. Any change to the physical system would necessitate equivalent adjustments to its digital model & algorithms. Since modeling some scenarios, such as the installation of new parts at the machine level or operational level modifications, may not be accurate, the likelihood of errors may increase as complexity levels rise. These issues limit many power industry players' widespread use of electrical digital twins.

Type Outlook

By type, the electrical digital twin market is segmented into product digital twin, process digital twin and system digital twin. The system digital twin segment registered the maximum revenue share in the electrical digital twin market in 2022. The necessity for network-level optimization is the reason behind this. A group of goods and procedures that operate together to carry out system- or network-wide tasks make up the system digital twin. Substations, wind farms, power plants, and distributed energy resources are a few examples of systems or networks that can be stimulated using this technique.

Application Outlook

Based on application, the electrical digital twin market is fragmented into asset performance management, and business & operations optimization. Businesses use digital twins to evaluate the performance of their physical assets under circumstances or to monitor the performance of assets in real time. Using data from sensors attached to actual assets enables the creation of reliable failure models. The vast array of commercial digital twin software offerings developed by numerous companies is estimated to increasingly support market growth in this segment.

End User Outlook

On the basis of end user, the electrical digital twin market is divided into utilities and grid infrastructure operators. In 2022, the utilities segment held the highest revenue share in the electrical digital twin market. The increasing use of renewable energy sources and cutting-edge digital technologies is responsible for the segment's expansion. To establish strong long-term asset management and business strategies and minimize operational costs, several utilities have invested in installing electrical digital twins. These twins can analyze and visualize data in real-time.

Regional Outlook

Region wise, the electrical digital twin market is analyzed across North America, Europe, Asia Pacific and LAMEA. In 2022, the North America region led the electrical digital twin market by generating the maximum revenue share. The development of the North American market is fueled by the rise in investments being made to adopt cutting-edge digital technologies to update aging power generation and distribution infrastructure. Additionally, two significant aspects that encourage investments in digital technology like electrical digital twins are the rising demand for clean, dependable energy and the strong emphasis on renewable energy generation.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Emerson Electric Co., General Electric Company, IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Schneider Electric SE, Siemens AG, and Bentel Systems, Inc.

The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Microsoft Corporation is the forerunner in the Electrical Digital Twin Market. Companies such as Siemens AG, Schneider Electric SE, and IBM Corporation are some of the key innovators in Electrical Digital Twin Market.

Recent Strategies Deployed in Electrical Digital Twin Market

Partnerships, Collaborations, and Agreements:

Jan-2023: IBM extended its collaboration with Dassault Systemes, a France-based provider of computer-assisted design software. The collaboration aims at addressing the sustainability challenges faced by asset-intensive industries, by integrating their respective technologies.

Nov-2022: SAP signed an agreement with Schneider Electric, a France-based provider of multiple products including, ground-level equipment, analytics, execution software, etc. The collaboration focuses on IT/OT integration applications. The collaboration with Schneider reflects SAP's support for Industry 4.0.

Jul-2022: Siemens came into partnership with NVIDIA, a US-based designer of discrete graphic processing units. The partnership aims at boosting the deployment of AI-based digital twins through Siemens' Xcelerator tool, and NVIDIA's Omniverse 3D design platform.

Nov-2021: Siemens Digital Industries Software extended its collaboration with Amazon Web Services, a US-based provider of the cloud-based web platform. The collaboration involves integrating Siemens' deep knowledge of the industry, and cloud services offered by AWS to help companies advance digital transformation to the cloud.

Aug-2021: IBM came into collaboration with Black & Veatch, a US-based management consulting firm. The collaboration involves collectively marketing asset performance management (APM) solutions. The collaboration aims at enhancing the performance of assets and increasing their lifetime.

Jun-2021: Schneider Electric teamed up with ETAP, a US-based provider of energy management & engineering solutions. The collaboration focuses on offering end-to-end lifecycle digitalization and improving efficiency, resiliency, and sustainability to an expanded customer base. Further, through this collaboration with ETAP, the company is able to equip its customers and partners with new tools to make more informed and better decisions.

Apr-2021: SAP extended its partnership with Siemens Digital Industries Software. The expansion of the partnership allows both companies to offer solutions intended for the service and asset lifecycle. Further, this partnership supports their customers in advancing Industry 4.0.

Acquisitions and Mergers:

Jan-2022: Schneider Electric took over Zeigo, a UK-based operator of energy technology platforms. The addition of Zeigo perfectly complements the acquiring company's existing digital energy solution, and further accelerates the company's vision to transform digital energy.

May-2021: IBM took over myInvenio, an Italy-based provider of process mining software. The acquisition benefits organizations by equipping them with data-driven software that possesses the capacity to recognize the business processes to automate through artificial intelligence.

Product Launches and Expansions:

Feb-2023: ABB added cloud-enabled functionality to its RobotStudio robot programming and simulation software. Through this product expansion, the company aims to enable transparency, real-time collaboration, and flexibility, during the test phase of virtual robot cell designs. The RobotStudio Cloud works with any device, and reduces time, as well as costs.

Jun-2022: Siemens introduced Siemens Xcelerator. Siemens Xcelerator is an open digital business platform, that supports accelerating digital transformation and value addition for organizations of all sizes, across multiple verticles including industry, grids, mobility, and buildings.

May-2022: Schneider Electric unveiled EcoStruxure Machine Expert Twin, a digital twin software solution intended to manage the entire machine lifecycle including sales, design, concept, operation, and manufacturing. The new solution allows OEMs to design models of real machines. Further, the new software solution digitizes all the processes, resulting in decreased factory acceptance testing (FAT).

Scope of the Study

Market Segments covered in the Report:

By End User

• Utilities
• Grid Infrastructure Operators

By Application

• Asset Performance Management
• Business & Operations Optimization

By Type

• System Digital Twin
• Process Digital Twin
• Product Digital Twin

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• ABB Group
• Emerson Electric Co.
• General Electric Company
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• SAP SE
• Schneider Electric SE
• Siemens AG
• Bentel Systems, Inc.

Unique Offerings from KBV Research

• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology

• 1.1 Market Definition
• 1.2 Objectives
• 1.3 Market Scope
• 1.4 Segmentation
  • 1.4.1 Global Electrical Digital Twin Market, by End User
  • 1.4.2 Global Electrical Digital Twin Market, by Application
  • 1.4.3 Global Electrical Digital Twin Market, by Type
  • 1.4.4 Global Electrical Digital Twin Market, by Geography
• 1.5 Methodology for the research

Chapter 2. Market Overview

• 2.1 Introduction
  • 2.1.1 Overview
    • 2.1.1.1 Market Composition & Scenario
• 2.2 Key Factors Impacting the Market
  • 2.2.1 Market Drivers
  • 2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global

• 3.1 KBV Cardinal Matrix
• 3.2 Recent Industry Wide Strategic Developments
  • 3.2.1 Partnerships, Collaborations and Agreements
  • 3.2.2 Product Launches and Product Expansions
  • 3.2.3 Acquisition and Mergers
• 3.3 Top Winning Strategies
  • 3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
  • 3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2019, Feb - 2023, Jan) Leading Players

Chapter 4. Global Electrical Digital Twin Market by End User

• 4.1 Global Utilities Market by Region
• 4.2 Global Grid Infrastructure Operators Market by Region

Chapter 5. Global Electrical Digital Twin Market by Application

• 5.1 Global Asset Performance Management Market by Region
• 5.2 Global Business & Operations Optimization Market by Region

Chapter 6. Global Electrical Digital Twin Market by Type

• 6.1 Global System Digital Twin Market by Region
• 6.2 Global Process Digital Twin Market by Region
• 6.3 Global Product Digital Twin Market by Region

Chapter 7. Global Electrical Digital Twin Market by Region

• 7.1 North America Electrical Digital Twin Market
  • 7.1.1 North America Electrical Digital Twin Market by End User
    • 7.1.1.1 North America Utilities Market by Country
    • 7.1.1.2 North America Grid Infrastructure Operators Market by Country
  • 7.1.2 North America Electrical Digital Twin Market by Application
    • 7.1.2.1 North America Asset Performance Management Market by Country
    • 7.1.2.2 North America Business & Operations Optimization Market by Country
  • 7.1.3 North America Electrical Digital Twin Market by Type
    • 7.1.3.1 North America System Digital Twin Market by Country
    • 7.1.3.2 North America Process Digital Twin Market by Country
    • 7.1.3.3 North America Product Digital Twin Market by Country
  • 7.1.4 North America Electrical Digital Twin Market by Country
    • 7.1.4.1 US Electrical Digital Twin Market
      • 7.1.4.1.1 US Electrical Digital Twin Market by End User
      • 7.1.4.1.2 US Electrical Digital Twin Market by Application
      • 7.1.4.1.3 US Electrical Digital Twin Market by Type
    • 7.1.4.2 Canada Electrical Digital Twin Market
      • 7.1.4.2.1 Canada Electrical Digital Twin Market by End User
      • 7.1.4.2.2 Canada Electrical Digital Twin Market by Application
      • 7.1.4.2.3 Canada Electrical Digital Twin Market by Type
    • 7.1.4.3 Mexico Electrical Digital Twin Market
      • 7.1.4.3.1 Mexico Electrical Digital Twin Market by End User
      • 7.1.4.3.2 Mexico Electrical Digital Twin Market by Application
      • 7.1.4.3.3 Mexico Electrical Digital Twin Market by Type
    • 7.1.4.4 Rest of North America Electrical Digital Twin Market
      • 7.1.4.4.1 Rest of North America Electrical Digital Twin Market by End User
      • 7.1.4.4.2 Rest of North America Electrical Digital Twin Market by Application
      • 7.1.4.4.3 Rest of North America Electrical Digital Twin Market by Type
• 7.2 Europe Electrical Digital Twin Market
  • 7.2.1 Europe Electrical Digital Twin Market by End User
    • 7.2.1.1 Europe Utilities Market by Country
    • 7.2.1.2 Europe Grid Infrastructure Operators Market by Country
  • 7.2.2 Europe Electrical Digital Twin Market by Application
    • 7.2.2.1 Europe Asset Performance Management Market by Country
    • 7.2.2.2 Europe Business & Operations Optimization Market by Country
  • 7.2.3 Europe Electrical Digital Twin Market by Type
    • 7.2.3.1 Europe System Digital Twin Market by Country
    • 7.2.3.2 Europe Process Digital Twin Market by Country
    • 7.2.3.3 Europe Product Digital Twin Market by Country
  • 7.2.4 Europe Electrical Digital Twin Market by Country
    • 7.2.4.1 Germany Electrical Digital Twin Market
      • 7.2.4.1.1 Germany Electrical Digital Twin Market by End User
      • 7.2.4.1.2 Germany Electrical Digital Twin Market by Application
      • 7.2.4.1.3 Germany Electrical Digital Twin Market by Type
    • 7.2.4.2 UK Electrical Digital Twin Market
      • 7.2.4.2.1 UK Electrical Digital Twin Market by End User
      • 7.2.4.2.2 UK Electrical Digital Twin Market by Application
      • 7.2.4.2.3 UK Electrical Digital Twin Market by Type
    • 7.2.4.3 France Electrical Digital Twin Market
      • 7.2.4.3.1 France Electrical Digital Twin Market by End User
      • 7.2.4.3.2 France Electrical Digital Twin Market by Application
      • 7.2.4.3.3 France Electrical Digital Twin Market by Type
    • 7.2.4.4 Russia Electrical Digital Twin Market
      • 7.2.4.4.1 Russia Electrical Digital Twin Market by End User
      • 7.2.4.4.2 Russia Electrical Digital Twin Market by Application
      • 7.2.4.4.3 Russia Electrical Digital Twin Market by Type
    • 7.2.4.5 Spain Electrical Digital Twin Market
      • 7.2.4.5.1 Spain Electrical Digital Twin Market by End User
      • 7.2.4.5.2 Spain Electrical Digital Twin Market by Application
      • 7.2.4.5.3 Spain Electrical Digital Twin Market by Type
    • 7.2.4.6 Italy Electrical Digital Twin Market
      • 7.2.4.6.1 Italy Electrical Digital Twin Market by End User
      • 7.2.4.6.2 Italy Electrical Digital Twin Market by Application
      • 7.2.4.6.3 Italy Electrical Digital Twin Market by Type
    • 7.2.4.7 Rest of Europe Electrical Digital Twin Market
      • 7.2.4.7.1 Rest of Europe Electrical Digital Twin Market by End User
      • 7.2.4.7.2 Rest of Europe Electrical Digital Twin Market by Application
      • 7.2.4.7.3 Rest of Europe Electrical Digital Twin Market by Type
• 7.3 Asia Pacific Electrical Digital Twin Market
  • 7.3.1 Asia Pacific Electrical Digital Twin Market by End User
    • 7.3.1.1 Asia Pacific Utilities Market by Country
    • 7.3.1.2 Asia Pacific Grid Infrastructure Operators Market by Country
  • 7.3.2 Asia Pacific Electrical Digital Twin Market by Application
    • 7.3.2.1 Asia Pacific Asset Performance Management Market by Country
    • 7.3.2.2 Asia Pacific Business & Operations Optimization Market by Country
  • 7.3.3 Asia Pacific Electrical Digital Twin Market by Type
    • 7.3.3.1 Asia Pacific System Digital Twin Market by Country
    • 7.3.3.2 Asia Pacific Process Digital Twin Market by Country
    • 7.3.3.3 Asia Pacific Product Digital Twin Market by Country
  • 7.3.4 Asia Pacific Electrical Digital Twin Market by Country
    • 7.3.4.1 China Electrical Digital Twin Market
      • 7.3.4.1.1 China Electrical Digital Twin Market by End User
      • 7.3.4.1.2 China Electrical Digital Twin Market by Application
      • 7.3.4.1.3 China Electrical Digital Twin Market by Type
    • 7.3.4.2 Japan Electrical Digital Twin Market
      • 7.3.4.2.1 Japan Electrical Digital Twin Market by End User
      • 7.3.4.2.2 Japan Electrical Digital Twin Market by Application
      • 7.3.4.2.3 Japan Electrical Digital Twin Market by Type
    • 7.3.4.3 India Electrical Digital Twin Market
      • 7.3.4.3.1 India Electrical Digital Twin Market by End User
      • 7.3.4.3.2 India Electrical Digital Twin Market by Application
      • 7.3.4.3.3 India Electrical Digital Twin Market by Type
    • 7.3.4.4 South Korea Electrical Digital Twin Market
      • 7.3.4.4.1 South Korea Electrical Digital Twin Market by End User
      • 7.3.4.4.2 South Korea Electrical Digital Twin Market by Application
      • 7.3.4.4.3 South Korea Electrical Digital Twin Market by Type
    • 7.3.4.5 Singapore Electrical Digital Twin Market
      • 7.3.4.5.1 Singapore Electrical Digital Twin Market by End User
      • 7.3.4.5.2 Singapore Electrical Digital Twin Market by Application
      • 7.3.4.5.3 Singapore Electrical Digital Twin Market by Type
    • 7.3.4.6 Malaysia Electrical Digital Twin Market
      • 7.3.4.6.1 Malaysia Electrical Digital Twin Market by End User
      • 7.3.4.6.2 Malaysia Electrical Digital Twin Market by Application
      • 7.3.4.6.3 Malaysia Electrical Digital Twin Market by Type
    • 7.3.4.7 Rest of Asia Pacific Electrical Digital Twin Market
      • 7.3.4.7.1 Rest of Asia Pacific Electrical Digital Twin Market by End User
      • 7.3.4.7.2 Rest of Asia Pacific Electrical Digital Twin Market by Application
      • 7.3.4.7.3 Rest of Asia Pacific Electrical Digital Twin Market by Type
• 7.4 LAMEA Electrical Digital Twin Market
  • 7.4.1 LAMEA Electrical Digital Twin Market by End User
    • 7.4.1.1 LAMEA Utilities Market by Country
    • 7.4.1.2 LAMEA Grid Infrastructure Operators Market by Country
  • 7.4.2 LAMEA Electrical Digital Twin Market by Application
    • 7.4.2.1 LAMEA Asset Performance Management Market by Country
    • 7.4.2.2 LAMEA Business & Operations Optimization Market by Country
  • 7.4.3 LAMEA Electrical Digital Twin Market by Type
    • 7.4.3.1 LAMEA System Digital Twin Market by Country
    • 7.4.3.2 LAMEA Process Digital Twin Market by Country
    • 7.4.3.3 LAMEA Product Digital Twin Market by Country
  • 7.4.4 LAMEA Electrical Digital Twin Market by Country
    • 7.4.4.1 Brazil Electrical Digital Twin Market
      • 7.4.4.1.1 Brazil Electrical Digital Twin Market by End User
      • 7.4.4.1.2 Brazil Electrical Digital Twin Market by Application
      • 7.4.4.1.3 Brazil Electrical Digital Twin Market by Type
    • 7.4.4.2 Argentina Electrical Digital Twin Market
      • 7.4.4.2.1 Argentina Electrical Digital Twin Market by End User
      • 7.4.4.2.2 Argentina Electrical Digital Twin Market by Application
      • 7.4.4.2.3 Argentina Electrical Digital Twin Market by Type
    • 7.4.4.3 UAE Electrical Digital Twin Market
      • 7.4.4.3.1 UAE Electrical Digital Twin Market by End User
      • 7.4.4.3.2 UAE Electrical Digital Twin Market by Application
      • 7.4.4.3.3 UAE Electrical Digital Twin Market by Type
    • 7.4.4.4 Saudi Arabia Electrical Digital Twin Market
      • 7.4.4.4.1 Saudi Arabia Electrical Digital Twin Market by End User
      • 7.4.4.4.2 Saudi Arabia Electrical Digital Twin Market by Application
      • 7.4.4.4.3 Saudi Arabia Electrical Digital Twin Market by Type
    • 7.4.4.5 South Africa Electrical Digital Twin Market
      • 7.4.4.5.1 South Africa Electrical Digital Twin Market by End User
      • 7.4.4.5.2 South Africa Electrical Digital Twin Market by Application
      • 7.4.4.5.3 South Africa Electrical Digital Twin Market by Type
    • 7.4.4.6 Nigeria Electrical Digital Twin Market
      • 7.4.4.6.1 Nigeria Electrical Digital Twin Market by End User
      • 7.4.4.6.2 Nigeria Electrical Digital Twin Market by Application
      • 7.4.4.6.3 Nigeria Electrical Digital Twin Market by Type
    • 7.4.4.7 Rest of LAMEA Electrical Digital Twin Market
      • 7.4.4.7.1 Rest of LAMEA Electrical Digital Twin Market by End User
      • 7.4.4.7.2 Rest of LAMEA Electrical Digital Twin Market by Application
      • 7.4.4.7.3 Rest of LAMEA Electrical Digital Twin Market by Type

Chapter 8. Company Profiles

• 8.1 ABB Group
  • 8.1.1 Company Overview
  • 8.1.2 Financial Analysis
  • 8.1.3 Segmental and Regional Analysis
  • 8.1.4 Research & Development Expense
  • 8.1.5 Recent strategies and developments:
    • 8.1.5.1 Partnerships, Collaborations, and Agreements:
    • 8.1.5.2 Product Launches and Product Expansions:
  • 8.1.6 SWOT Analysis
• 8.2 IBM Corporation
  • 8.2.1 Company Overview
  • 8.2.2 Financial Analysis
  • 8.2.3 Regional & Segmental Analysis
  • 8.2.4 Research & Development Expenses
  • 8.2.5 Recent strategies and developments:
    • 8.2.5.1 Partnerships, Collaborations, and Agreements:
    • 8.2.5.2 Acquisition and Mergers:
  • 8.2.6 SWOT Analysis
• 8.3 Schneider Electric SE
  • 8.3.1 Company Overview
  • 8.3.2 Financial Analysis
  • 8.3.3 Segmental and Regional Analysis
  • 8.3.4 Research & Development Expense
  • 8.3.5 Recent strategies and developments:
    • 8.3.5.1 Partnerships, Collaborations, and Agreements:
    • 8.3.5.2 Product Launches and Product Expansions:
    • 8.3.5.3 Acquisition and Mergers:
  • 8.3.6 SWOT Analysis
• 8.4 Siemens AG
  • 8.4.1 Company Overview
  • 8.4.2 Financial Analysis
  • 8.4.3 Segmental and Regional Analysis
  • 8.4.4 Research & Development Expense
  • 8.4.5 Recent strategies and developments:
    • 8.4.5.1 Partnerships, Collaborations, and Agreements:
    • 8.4.5.2 Product Launches and Product Expansions:
  • 8.4.6 SWOT Analysis
• 8.5 General Electric Company
  • 8.5.1 Company Overview
  • 8.5.2 Financial Analysis
  • 8.5.3 Segmental and Regional Analysis
  • 8.5.4 Research & Development Expense
  • 8.5.5 SWOT Analysis
• 8.6 Oracle Corporation
  • 8.6.1 Company Overview
  • 8.6.2 Financial Analysis
  • 8.6.3 Segmental and Regional Analysis
  • 8.6.4 Research & Development Expense
  • 8.6.5 SWOT Analysis
• 8.7 SAP SE
  • 8.7.1 Company Overview
  • 8.7.2 Financial Analysis
  • 8.7.3 Segmental and Regional Analysis
  • 8.7.4 Research & Development Expense
  • 8.7.5 Recent strategies and developments:
    • 8.7.5.1 Partnerships, Collaborations, and Agreements:
  • 8.7.6 SWOT Analysis
• 8.8 Microsoft Corporation
  • 8.8.1 Company Overview
  • 8.8.2 Financial Analysis
  • 8.8.3 Segmental and Regional Analysis
  • 8.8.4 Research & Development Expenses
  • 8.8.5 SWOT Analysis
• 8.9 Emerson Electric Co.
  • 8.9.1 Company Overview
  • 8.9.2 Financial Analysis
  • 8.9.3 Segmental and Regional Analysis
  • 8.9.4 Research & Development Expense
  • 8.9.5 Recent strategies and developments:
    • 8.9.5.1 Acquisition and Mergers:
• 8.10. Bentley Systems, Inc.
  • 8.10.1 Company Overview
  • 8.10.2 Financial Analysis
  • 8.10.3 Regional Analysis
  • 8.10.4 Research & Development Expenses