電気デジタルツイン市場 - 世界の産業規模、シェア、動向、機会、予測 - タイプ別、用途別、エンドユーザー別、地域別、競合別（2018年～2028年）

世界の電気デジタルツイン市場は、2022年に20億8,000万米ドルと評価され、2028年までのCAGRは9.19%で、予測期間中に力強い成長が予測されています。

電気デジタルツイン市場とは、電気システムやコンポーネントのコンピュータベースの仮想レプリカを作成することに焦点を当てた、より広範なデジタルツイン技術展望の中で急速に発展している分野を指します。これらのデジタル表現は、送電網、配電網、変電所、変圧器、個々の機器など、電気インフラの物理的属性や動作を忠実に模倣しています。

この市場は、モノのインターネット（IoT）、人工知能（AI）、データ分析などの先進技術を活用して、電気システムの正確で動的な仮想モデルを作成します。これらのデジタルツインにより、電気資産とプロセスのリアルタイム監視、分析、シミュレーションが可能になり、エネルギー、製造、公益事業など、さまざまな業界に貴重な洞察を提供します。

電気デジタルツイン市場の主な目的は、エネルギー効率の改善、電力網管理の最適化、資産メンテナンスの強化、法規制コンプライアンスの確保などです。デジタルツインのパワーを活用することで、企業は情報に基づいた意思決定を行い、ダウンタイムを最小限に抑え、エネルギー消費を削減し、電気インフラ全体の信頼性とパフォーマンスを向上させることができます。

データプライバシーの課題：

欧州連合の一般データ保護規則（GDPR）のようなデータプライバシー規制は、個人データや機密データの収集、保存、処理を管理する厳しい要件を定めています。多くの電気デジタルツインアプリケーションは、インフラや機器の監視・制御を伴うため、これらの規制の適用範囲となるデータを収集する可能性があります。デジタルツインユーザーは、堅牢なデータ匿名化と保護対策を実施する必要があるため、このような規制へのコンプライアンスを確保することは複雑な作業となります。

サイバーセキュリティの課題：

サイバーセキュリティは、データ保護のもう一つの重要な側面です。デジタルツインは重要なインフラを管理する役割を担っているため、サイバー攻撃の格好の標的となっています。デジタルツインシステムの侵害は、サービスの中断、機器の損傷、さらには安全上の危険など、深刻な結果をもたらす可能性があります。この課題に対処するため、組織は暗号化、侵入検知システム、定期的なセキュリティ監査など、強固なサイバーセキュリティ対策を導入する必要があります。しかし、進化するサイバー脅威の先を行くことは、依然として継続的な課題です。

データ所有権の課題：

データ・プライバシーに関連するもう一つの課題は、データの所有権をめぐるものです。電気デジタルツインの作成と運用には、機器メーカー、システムインテグレーター、エンドユーザーなど、複数の利害関係者が関与している可能性があります。デジタルツインによって生成されたデータを誰が所有し、どのように使用できるかを決定することは、紛争や法的問題につながる可能性があります。このような課題を軽減するためには、明確な契約合意とデータ所有ポリシーを確立する必要があります。

統合の複雑性と互換性

世界の電気デジタルツイン市場が直面する2つ目の大きな課題は、デジタルツインを既存のインフラに統合し、多様なシステムや技術との互換性を確保することの複雑さです。デジタルツインはリアルタイムのモニタリングや予知保全など数多くのメリットをもたらすが、以下のような統合に関連する課題によって導入が妨げられる可能性がある：

既存インフラの複雑さ：

既存のインフラの複雑さ：多くの電気システムや送電網は数十年にわたって進化してきたため、複雑で異種混在の環境になっています。このようなレガシーシステムにデジタルツインを統合することは課題です。デジタルツインは様々なハードウェアやソフトウェアコンポーネントとインターフェースする必要があり、それぞれが独自のプロトコルや標準を持っています。継続的なオペレーションを中断させることなく、シームレスな統合を実現することは困難な課題です。

相互運用性：

特に、複数のベンダーやテクノロジーに依存している大規模な組織や業界では、相互運用性が重要な課題となります。組織内のさまざまな部署が異なるデジタルツインソリューションを使用する可能性があり、これらのソリューションが効果的に通信し、データを共有できることを保証することは重要なハードルです。相互運用性を促進する標準やプロトコルは不可欠だが、開発や実装には時間がかかります。

スケーラビリティ：

組織が成長したりインフラを拡張したりする際には、デジタルツインはその変化に対応できる拡張性を持たなければならないです。デジタルツインソリューションが、全面的な見直しを必要とせずにシームレスに拡張できるようにすることは課題です。さらに、作業負荷が変動したり、季節的に需要が変動したりする業界では、スケーラビリティの考慮が不可欠です。

IoTや新技術との統合：

モノのインターネット（IoT）やその他の新興技術が産業プロセスに不可欠になるにつれ、デジタルツインはこれらの技術とシームレスに統合する必要があります。そのためには、進化するIoT標準を常に把握し、デジタルツインソリューションに組み込む必要があります。新しい技術に対応し、既存のシステムとの後方互換性を確保することは、統合プロセスに複雑さをもたらします。

まとめると、世界の電気デジタルツイン市場は、データプライバシーとセキュリティの懸念に加え、デジタルツインを既存のインフラに統合し、多様なシステムや技術との互換性を確保することの複雑さに関連する大きな課題に直面しています。これらの課題を克服することは、電気デジタルツイン技術の可能性を最大限に引き出し、効率性、信頼性、持続可能性の向上というメリットを実現する上で極めて重要です。

セグメント別の洞察

システムデジタルツインの洞察

2022年の市場シェアは、システムデジタルツインセグメントが最大でした。システムデジタルツインは、様々なコンポーネント、資産、相互接続されたネットワークを含む電気システム全体を包括的に表現します。この包括的なビューにより、企業は複雑な電気インフラを効率的に管理・最適化できます。多くの産業において、電気システムは機械、ソフトウェア、制御システムと相互接続しています。システムデジタルツインには、これらの様々なコンポーネントを統合する機能があり、電気エコシステム内で様々な要素がどのように相互作用しているかをより完全に理解することができます。システムデジタルツインは、意思決定プロセスをサポートするデータ駆動型の洞察力を組織に与えます。シナリオをシミュレートし、システムの挙動をリアルタイムで分析することで、企業は効率性の向上、ダウンタイムの削減、パフォーマンスの強化のための情報に基づいた選択を行うことができます。システムデジタルツインは、電気システムの健全性と性能を監視することで、予知保全を可能にします。このプロアクティブなアプローチにより、コストのかかる機器の故障を防ぎ、メンテナンスコストを削減し、資産の寿命を延ばすことができます。システムデジタルツインは、エネルギー、製造、ユーティリティ、スマートシティなど、さまざまな業界に応用されています。ヘルスケアや公益事業など、規制遵守が重要な業界では、デジタルツインは、電気システムが安全基準と性能基準を満たしていることを確認する手段を提供します。この機能は、規制の厳しい環境で事業を展開する企業にとって不可欠です。組織が拡大し、電気システムが複雑化しても、デジタルツインはそれに応じて拡張することができます。インフラストラクチャのサイズや構成の変更に対応できるため、小規模な運用から大規模な運用まで対応できます。システムデジタルツインは相互運用性を優先することが多く、他のデジタルツインタイプ（製品タイプやプロセスデジタルツインなど）やデータソースとシームレスに連携することができます。この相互運用性は、複数のデジタルツインが効果的に通信し、データを共有する必要がある業界では非常に重要です。

資産パフォーマンス管理の洞察

2022年には、アセットパフォーマンス管理分野が最大の市場シェアを占めました。アセットパフォーマンス管理は、電気デジタルツインと統合することで、電気資産のメンテナンスを最適化することができます。これには予知保全が含まれ、デジタルツインによって機器の故障時期を予測し、計画外のメンテナンスに伴うダウンタイムとコストを削減することができます。APMは、資産のパフォーマンスを継続的に監視することで、資産の信頼性を高めることに重点を置いています。デジタルツインはリアルタイムのデータと洞察を提供し、企業は資産の故障や性能低下につながる前に、潜在的な問題を特定して対処することができます。資産のパフォーマンスとメンテナンス・スケジュールを最適化することで、企業はコスト削減を達成できます。電気デジタル・ツインによって駆動されるAPMは、メンテナンス・コスト、エネルギー消費、緊急修理の必要性を削減するのに役立ちます。電気資産の信頼性を確保することは、特に電気系統の故障が危険な状況につながる可能性のある産業では、安全性を確保するために極めて重要です。デジタルツインでサポートされるAPMは、電気システムの完全性を維持し、安全リスクを低減するのに役立ちます。多くの業界では、資産管理とメンテナンスに関する厳しい規制要件があります。APMアプリケーションは、資産のパフォーマンスとメンテナンス活動の詳細な記録を提供することで、組織がこれらのコンプライアンス基準を満たすのに役立ちます。電気資産は、エネルギー消費において重要な役割を果たすことが多いです。APMアプリケーションは、デジタルツインを活用してこれらの資産の効率を最適化し、エネルギー消費の削減と運用コストの削減につなげることができます。デジタルツインを活用したAPMアプリケーションは、豊富なデータとインサイトを提供します。このデータは、メンテナンス技術者からトップレベルの経営幹部まで、組織のあらゆるレベルで情報に基づいた意思決定をサポートすることができます。APMソリューションは、特定の業界やその業界特有の資産管理ニーズに合わせてカスタマイズすることができます。この業界特有の焦点により、大きな効果をもたらす専門的なツールや手法の開発が可能になります。

地域別の洞察

北米

北米は今後数年間、世界の電気デジタルツイン市場で最大のシェアを占めると予想されています。これは、この地域の電気部門でデジタル技術が早くから採用されているためです。北米には、ゼネラル・エレクトリック社、シーメンス社、IBM社など、エレクトリカル・デジタル・ツイン市場の大手企業もあります。

北米の電気デジタルツイン市場は米国が支配的です。米国は、電気分野におけるデジタル技術の開発と導入のリーダーです。米国政府も様々な取り組みを通じてデジタルツインの導入を支援しています。

欧州

欧州は、予測期間において電気デジタルツインの2番目に大きな市場になると予想されています。欧州連合（EU）は、再生可能エネルギー統合とスマートグリッド開発の野心的な目標を設定しています。これが同地域のデジタルツイン需要を牽引しています。

欧州のデジタルツイン市場は、予測期間中に安定したCAGRで成長すると予測されています。欧州連合は、再生可能エネルギー統合とスマートグリッド開発の野心的な目標を設定しています。これが同地域のデジタルツイン需要を牽引しています。

アジア太平洋

アジア太平洋地域は、予測期間中に最も速いCAGRで成長すると予想されています。これは、同地域で再生可能エネルギーとスマートグリッドプロジェクトへの投資が増加しているためです。アジア太平洋には、中国やインドなど、世界最大規模の電力市場もあります。

アジア太平洋の電気デジタルツイン市場は、予測期間中に最も速いCAGRで成長すると予想されます。これは、同地域で再生可能エネルギーやスマートグリッドプロジェクトへの投資が増加しているためです。また、アジア太平洋地域には、中国やインドなど世界最大級の電力市場があります。

目次

第1章 概要

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

第5章 世界の電気デジタルツイン市場の展望

• 市場規模・予測
  • 金額別
• 市場シェアと予測
  • タイプ別（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）
  • 用途別（アセットパフォーマンス管理、ビジネスおよびオペレーション最適化）
  • エンドユーザー別（公益事業者、グリッドインフラ事業者）
  • 地域別
  • 企業別（2022年）
• 市場マップ

第6章 北米の電気デジタルツイン市場の展望

• 市場規模・予測
  • 金額別
• 市場シェアと予測
  • タイプ別
  • 用途別
  • エンドユーザー別
  • 国別
• 北米：国別分析
  • 米国
  • カナダ
  • メキシコ

第7章 欧州のデジタルツイン市場の展望

• 市場規模と予測
  • 金額別
• 市場シェアと予測
  • タイプ別
  • 用途別
  • エンドユーザー別
  • 国別
• 欧州：国別分析
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン

第8章 アジア太平洋の電気デジタルツイン市場の展望

• 市場規模・予測
  • 金額別
• 市場シェアと予測
  • タイプ別
  • 用途別
  • エンドユーザー別
  • 国別
• アジア太平洋：国別分析
  • 中国
  • インド
  • 日本
  • 韓国
  • オーストラリア

第9章 南米のデジタルツイン市場の展望

• 市場規模・予測
  • 金額別
• 市場シェアと予測
  • タイプ別
  • 用途別
  • エンドユーザー別
  • 国別
• 南米：国別分析
  • ブラジル
  • アルゼンチン
  • コロンビア

第10章 中東・アフリカのデジタルツイン市場の展望

• 市場規模・予測
  • 金額別
• 市場シェアと予測
  • タイプ別
  • 用途別
  • エンドユーザー別
  • 国別
• 中東・アフリカ：国別分析
  • 南アフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • クウェート
  • トルコ

第11章 市場力学

• 促進要因
• 課題

第12章 市場動向と発展

第13章 企業プロファイル

• General Electric Company
• Siemens AG
• ABB Ltd
• Schneider Electric Company
• Microsoft Corp.
• International Business Machines Corporation
• Oracle Corporation
• PTC Inc
• Software AG
• Bentley Systems, Incorporated

第14章 戦略的提言

第15章 調査会社について・免責事項

Global Electrical Digital Twin Market was valued at USD 2.08 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 9.19% through 2028.

The electrical digital twin market refers to a rapidly evolving sector within the broader digital twin technology landscape, focused on creating virtual, computer-based replicas of electrical systems and components. These digital representations faithfully mimic the physical attributes and behaviours of electrical infrastructure, including power grids, distribution networks, substations, transformers, and individual devices.

This market leverages advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and data analytics to create accurate and dynamic virtual models of electrical systems. These digital twins enable real-time monitoring, analysis, and simulation of electrical assets and processes, offering valuable insights for various industries, including energy, manufacturing, utilities, and beyond.

Key objectives of the electrical digital twin market include improving energy efficiency, optimizing electrical grid management, enhancing asset maintenance, and ensuring regulatory compliance. By harnessing the power of digital twins, organizations can make informed decisions, minimize downtime, reduce energy consumption, and enhance the overall reliability and performance of their electrical infrastructure.

As the demand for efficient, sustainable, and resilient electrical systems continues to rise, the electrical digital twin market is poised for significant growth, with applications spanning from smart grids and renewable energy integration to industrial automation and mission-critical infrastructure management.

Key Market Drivers

Industry 4.0 and Smart Manufacturing

In recent years, Industry 4.0 has emerged as a transformative force in the manufacturing and industrial sectors. It encompasses technologies like the Internet of Things (IoT), artificial intelligence (AI), and big data analytics to create smart factories and processes. Electrical digital twins play a pivotal role in this paradigm shift. They provide a virtual representation of electrical systems, allowing for real-time monitoring, simulation, and optimization. By integrating electrical digital twins into their operations, companies can enhance efficiency, reduce downtime, and improve overall productivity.

Increasing Demand for Energy Efficiency

The rising global demand for energy efficiency is another significant driver of the electrical digital twin market. With concerns about environmental sustainability and energy costs on the rise, organizations are looking for ways to optimize their electrical systems. Electrical digital twins enable businesses to model and analyze their energy consumption, identify inefficiencies, and implement strategies to reduce energy waste. This not only helps reduce operational costs but also contributes to a greener and more sustainable future.

Growth of Renewable Energy Sources

The rapid growth of renewable energy sources, such as solar and wind power, has created a need for advanced electrical grid management. Electrical digital twins are instrumental in managing the complexities of integrating these intermittent energy sources into the existing electrical infrastructure. They enable grid operators to forecast energy production, monitor the health of renewable energy assets, and optimize the distribution of electricity. As the world continues to transition toward cleaner energy, the demand for electrical digital twins in the energy sector is expected to grow significantly.

Aging Infrastructure and Asset Management

Many countries are grappling with aging electrical infrastructure, which poses reliability and safety concerns. Electrical digital twins provide a solution for asset management and maintenance. They create a comprehensive digital replica of electrical assets, allowing operators to assess the condition of equipment, predict maintenance needs, and plan cost-effective upgrades. This driver is particularly relevant as governments and utilities seek to modernize their grids and prolong the lifespan of critical infrastructure components.

Compliance and Regulatory Requirements

Stringent regulations and compliance standards are becoming increasingly prevalent in the electrical industry. Electrical digital twins facilitate compliance by providing a centralized platform for data collection, analysis, and reporting. They help organizations ensure that their electrical systems meet safety and performance standards. This driver is crucial for sectors like healthcare, where electrical systems must adhere to strict regulations to guarantee patient safety, and for industries that handle sensitive data requiring robust cybersecurity measures.

Advancements in Simulation and AI Technologies

The continuous advancement of simulation and AI technologies is accelerating the adoption of electrical digital twins. These technologies enable more accurate and dynamic modeling of electrical systems. AI-driven algorithms can analyze vast amounts of data in real-time, making predictions and recommendations to optimize system performance. These capabilities are invaluable in ensuring the reliability and resilience of electrical infrastructure, especially in mission-critical applications like data centers, where downtime is costly and must be minimized.

In conclusion, the global electrical digital twin market is being driven by a convergence of factors, including Industry 4.0, the need for energy efficiency, the growth of renewable energy sources, aging infrastructure, regulatory requirements, and advances in simulation and AI technologies. As organizations across various industries recognize the value of electrical digital twins in improving operations, reducing costs, and enhancing sustainability, the market is poised for substantial growth in the coming years.

Government Policies are Likely to Propel the Market

Energy Efficiency Standards and Incentives

One of the key government policies shaping the global electrical digital twin market is the establishment of energy efficiency standards and incentives. Governments worldwide are increasingly recognizing the importance of reducing energy consumption and greenhouse gas emissions. To promote energy efficiency, many governments have introduced regulations that require businesses to implement energy-efficient technologies. Electrical digital twins play a crucial role in achieving these goals by helping organizations monitor and optimize their energy usage. Governments often provide incentives, such as tax breaks or grants, to encourage the adoption of digital twin technology, further driving its growth.

Grid Modernization Initiatives

Governments and regulatory bodies are actively involved in modernizing electrical grids to accommodate the changing energy landscape. As part of this effort, they implement policies that promote the deployment of advanced technologies, including electrical digital twins. These digital replicas of electrical systems enable better grid management, integration of renewable energy sources, and enhanced reliability. Governments may provide funding or regulatory frameworks that encourage utilities and grid operators to invest in digital twin solutions, ensuring the stability and sustainability of the electrical infrastructure.

Cybersecurity Regulations

In the era of digitalization, ensuring the security of electrical systems is paramount. Governments worldwide are enacting cybersecurity regulations to safeguard critical infrastructure. Electrical digital twins, as integral components of these systems, must adhere to stringent security standards. Governments establish policies that mandate robust cybersecurity measures for digital twin solutions, including encryption, access controls, and threat detection. These policies not only protect against cyber threats but also instill confidence in the adoption of digital twin technology.

Data Privacy and Compliance

With the proliferation of data-driven technologies, data privacy and compliance have become significant concerns. Governments have responded by introducing policies and regulations, such as the General Data Protection Regulation (GDPR) in the European Union, to protect individuals' data rights. These policies have a direct impact on the global electrical digital twin market, as organizations must ensure that the data collected and processed by digital twins comply with these regulations. Companies offering digital twin solutions need to implement robust data protection measures to meet these legal requirements.

Research and Development Funding

Many governments allocate substantial funding to support research and development (R&D) initiatives in emerging technologies, including digital twins. These R&D grants and programs incentivize companies and research institutions to innovate and advance digital twin technology. By fostering innovation, governments contribute to the growth of the global electrical digital twin market, driving the development of more sophisticated and capable solutions that benefit various industries.

Export Controls and International Standards

In an increasingly interconnected world, governments also influence the global electrical digital twin market through export controls and participation in international standard-setting bodies. Export controls can impact the transfer of digital twin technology across borders, affecting market access and competitiveness. Additionally, governments collaborate with international organizations to establish standards and best practices for digital twin technology. These standards ensure interoperability and compatibility, facilitating the adoption of digital twins on a global scale.

In conclusion, government policies significantly shape the trajectory of the global electrical digital twin market. Policies related to energy efficiency, grid modernization, cybersecurity, data privacy, research funding, and international standards play pivotal roles in influencing the adoption, development, and regulation of digital twin technology. As governments continue to prioritize sustainability, innovation, and security, their policies will continue to impact the evolution of the electrical digital twin market.

Key Market Challenges

Data Privacy and Security Concerns

One of the most pressing challenges in the global electrical digital twin market is the growing concern over data privacy and security. As electrical systems become increasingly digitized and interconnected, the amount of data generated and processed by digital twins has surged. This data includes sensitive information about critical infrastructure, operational processes, and potentially personally identifiable information (PII). Addressing data privacy and security concerns is paramount to ensure the continued adoption and success of electrical digital twin technology.

The Challenge of Data Privacy:

Data privacy regulations, such as the European Union's General Data Protection Regulation (GDPR), have strict requirements governing the collection, storage, and processing of personal and sensitive data. Many electrical digital twin applications involve the monitoring and control of infrastructure and equipment, which can result in the collection of data that falls under the purview of these regulations. Ensuring compliance with such regulations is a complex task, as digital twin users must implement robust data anonymization and protection measures.

The Challenge of Cybersecurity:

Cybersecurity is another critical aspect of data protection. Electrical digital twins are prime targets for cyberattacks because of their role in managing critical infrastructure. A breach of a digital twin system could have severe consequences, including service disruptions, equipment damage, and even safety hazards. To address this challenge, organizations must implement robust cybersecurity measures, including encryption, intrusion detection systems, and regular security audits. However, staying ahead of evolving cyber threats remains an ongoing challenge.

The Challenge of Data Ownership:

Another challenge related to data privacy revolves around data ownership. Multiple stakeholders may be involved in the creation and operation of electrical digital twins, including equipment manufacturers, system integrators, and end-users. Determining who owns the data generated by the digital twin and how it can be used can lead to disputes and legal issues. Clear contractual agreements and data ownership policies must be established to mitigate these challenges.

Integration Complexity and Compatibility

The second major challenge facing the global electrical digital twin market is the complexity of integrating digital twins into existing infrastructure and ensuring compatibility with diverse systems and technologies. While digital twins offer numerous benefits, including real-time monitoring and predictive maintenance, their implementation can be hindered by the following integration-related challenges:

Complexity of Existing Infrastructure:

Many electrical systems and grids have evolved over decades, resulting in complex, heterogeneous environments. Integrating digital twins into these legacy systems can be challenging. The digital twin must interface with various hardware and software components, each with its own protocols and standards. Ensuring seamless integration without disrupting ongoing operations is a formidable task.

Interoperability:

Interoperability is a critical challenge, particularly in large organizations or industries that rely on multiple vendors and technologies. Different parts of an organization may use different digital twin solutions, and ensuring that these solutions can communicate and share data effectively is a significant hurdle. Standards and protocols that promote interoperability are essential but can be slow to develop and implement.

Scalability:

As organizations grow or expand their infrastructure, digital twins must be scalable to accommodate these changes. Ensuring that a digital twin solution can scale seamlessly without requiring a complete overhaul is a challenge. Additionally, scalability considerations are vital in industries with variable workloads or seasonal demand fluctuations.

Integration with IoT and Emerging Technologies:

As the Internet of Things (IoT) and other emerging technologies become integral to industrial processes, digital twins must seamlessly integrate with these technologies. This requires staying abreast of evolving IoT standards and incorporating them into digital twin solutions. Adapting to new technologies and ensuring backward compatibility with existing systems adds complexity to the integration process.

In summary, the global electrical digital twin market faces significant challenges related to data privacy and security concerns, as well as the complexity of integrating digital twins into existing infrastructure and ensuring compatibility with a diverse range of systems and technologies. Overcoming these challenges will be crucial to unlocking the full potential of electrical digital twin technology and realizing its benefits in terms of improved efficiency, reliability, and sustainability.

Segmental Insights

System Digital Twin Insights

The System Digital Twin segment held the largest Market share in 2022. System Digital Twins provide a holistic representation of entire electrical systems, which can encompass various components, assets, and interconnected networks. This comprehensive view allows organizations to manage and optimize complex electrical infrastructures efficiently. In many industries, electrical systems are interconnected with mechanical, software, and control systems. System Digital Twins have the capacity to integrate these various components, offering a more complete understanding of how different elements interact within an electrical ecosystem. System Digital Twins empower organizations with data-driven insights that can support decision-making processes. By simulating scenarios and analyzing system behaviors in real-time, businesses can make informed choices to improve efficiency, reduce downtime, and enhance performance. System Digital Twins enable predictive maintenance by monitoring the health and performance of electrical systems. This proactive approach can prevent costly equipment failures, reduce maintenance costs, and extend the lifespan of assets. System Digital Twins have applications across multiple industries, including energy, manufacturing, utilities, and smart cities. Their versatility makes them appealing to a wide range of organizations looking to optimize their electrical infrastructure In industries where regulatory compliance is critical, such as healthcare and utilities, System Digital Twins provide a means to ensure that electrical systems meet safety and performance standards. This capability is essential for businesses operating in highly regulated environments. As organizations expand and their electrical systems grow in complexity, System Digital Twins can scale accordingly. They can adapt to changes in infrastructure size and configuration, making them suitable for both small-scale and large-scale operations. System Digital Twins often prioritize interoperability, allowing them to work seamlessly with other digital twin types (e.g., Product and Process Digital Twins) and data sources. This interoperability is crucial in industries where multiple digital twin representations need to communicate and share data effectively.

Asset Performance Management Insights

The Asset Performance Management segment held the largest Market share in 2022. Asset Performance Management, when integrated with electrical digital twins, allows organizations to optimize the maintenance of their electrical assets. This includes predictive maintenance, where digital twins can forecast when equipment may fail, reducing downtime and costs associated with unplanned maintenance. APM focuses on enhancing the reliability of assets by continuously monitoring their performance. Digital twins provide real-time data and insights, allowing organizations to identify and address potential issues before they lead to asset failures or performance degradation. By optimizing asset performance and maintenance schedules, organizations can achieve cost savings. APM-driven by electrical digital twins helps reduce maintenance costs, energy consumption, and the need for emergency repairs. Ensuring the reliability of electrical assets is crucial for safety, especially in industries where electrical failures can lead to hazardous situations. APM supported by digital twins helps maintain the integrity of electrical systems, reducing safety risks. Many industries have strict regulatory requirements related to asset management and maintenance. APM applications can help organizations meet these compliance standards by providing detailed records of asset performance and maintenance activities. Electrical assets often play a significant role in energy consumption. APM applications can leverage digital twins to optimize the efficiency of these assets, leading to reduced energy consumption and lower operational costs. APM applications powered by digital twins provide a wealth of data and insights. This data can support informed decision-making at all levels of an organization, from maintenance technicians to top-level executives. APM solutions can be tailored to specific industries and their unique asset management needs. This industry-specific focus allows for the development of specialized tools and methodologies that can have a significant impact.

Regional Insights

North America

North America is expected to account for the largest share of the global electrical digital twin market in the upcoming years. This is due to the early adoption of digital technologies in the electrical sector in this region. North America is also home to some of the leading players in the electrical digital twin market, such as General Electric, Siemens, and IBM.

The North American electrical digital twin market is dominated by the United States. The US is a leader in the development and adoption of digital technologies in the electrical sector. The US government is also supporting the adoption of electrical digital twins through various initiatives.

Europe

Europe is expected to be the second-largest market for electrical digital twins in forecast period. The European Union has set ambitious targets for renewable energy integration and smart grid development. This is driving the demand for electrical digital twins in the region.

The European electrical digital twin market is expected to grow at a steady CAGR during the forecast period. The European Union has set ambitious targets for renewable energy integration and smart grid development. This is driving the demand for electrical digital twins in the region.

Asia Pacific

Asia Pacific is expected to grow at the fastest CAGR during the forecast period. This is due to the increasing investment in renewable energy and smart grid projects in the region. Asia Pacific is also home to some of the largest electricity markets in the world, such as China and India.

The Asia Pacific electrical digital twin market is expected to grow at the fastest CAGR during the forecast period. This is due to the increasing investment in renewable energy and smart grid projects in the region. Asia Pacific is also home to some of the largest electricity markets in the world, such as China and India.

Key Market Players

General Electric Company

Siemens AG

ABB Ltd

Schneider Electric Company

Microsoft Corp.

International Business Machines Corporation

Oracle Corporation

PTC Inc

Software AG

Bentley Systems, Incorporated

Report Scope:

In this report, the Global Electrical Digital Twin Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Electrical Digital Twin Market, By Type:

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

Electrical Digital Twin Market, By Application:

• Asset Performance Management
• Business & Operations Optimization

Electrical Digital Twin Market, By Application:

• Utilities
• Grid Infrastructure Operators

Electrical Digital Twin Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia-Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Kuwait
• Turkey

Competitive Landscape

• Company Profiles: Detailed analysis of the major companies present in the Global Electrical Digital Twin Market.

Available Customizations:

• Global Electrical Digital Twin Market report with the given Market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional Market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
• 1.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Formulation of the Scope
• 2.4. Assumptions and Limitations
• 2.5. Sources of Research
  • 2.5.1. Secondary Research
  • 2.5.2. Primary Research
• 2.6. Approach for the Market Study
  • 2.6.1. The Bottom-Up Approach
  • 2.6.2. The Top-Down Approach
• 2.7. Methodology Followed for Calculation of Market Size & Market Shares
• 2.8. Forecasting Methodology
  • 2.8.1. Data Triangulation & Validation

3. Executive Summary

4. Voice of Customer

5. Global Electrical Digital Twin Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Type (Product Digital Twin, Process Digital Twin, System Digital Twin),
  • 5.2.2. By Application (Asset Performance Management, Business & Operations Optimization),
  • 5.2.3. By End User (Utilities, Grid Infrastructure Operators)
  • 5.2.4. By Region
  • 5.2.5. By Company (2022)
• 5.3. Market Map

6. North America Electrical Digital Twin Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Type
  • 6.2.2. By Application
  • 6.2.3. By End User
  • 6.2.4. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Electrical Digital Twin Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Type
      • 6.3.1.2.2. By Application
      • 6.3.1.2.3. By End User
  • 6.3.2. Canada Electrical Digital Twin Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Type
      • 6.3.2.2.2. By Application
      • 6.3.2.2.3. By End User
  • 6.3.3. Mexico Electrical Digital Twin Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Type
      • 6.3.3.2.2. By Application
      • 6.3.3.2.3. By End User

7. Europe Electrical Digital Twin Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Type
  • 7.2.2. By Application
  • 7.2.3. By End User
  • 7.2.4. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Electrical Digital Twin Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Type
      • 7.3.1.2.2. By Application
      • 7.3.1.2.3. By End User
  • 7.3.2. United Kingdom Electrical Digital Twin Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Type
      • 7.3.2.2.2. By Application
      • 7.3.2.2.3. By End User
  • 7.3.3. Italy Electrical Digital Twin Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Type
      • 7.3.3.2.2. By Application
      • 7.3.3.2.3. By End User
  • 7.3.4. France Electrical Digital Twin Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Type
      • 7.3.4.2.2. By Application
      • 7.3.4.2.3. By End User
  • 7.3.5. Spain Electrical Digital Twin Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Type
      • 7.3.5.2.2. By Application
      • 7.3.5.2.3. By End User

8. Asia-Pacific Electrical Digital Twin Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Type
  • 8.2.2. By Application
  • 8.2.3. By End User
  • 8.2.4. By Country
• 8.3. Asia-Pacific: Country Analysis
  • 8.3.1. China Electrical Digital Twin Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Type
      • 8.3.1.2.2. By Application
      • 8.3.1.2.3. By End User
  • 8.3.2. India Electrical Digital Twin Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Type
      • 8.3.2.2.2. By Application
      • 8.3.2.2.3. By End User
  • 8.3.3. Japan Electrical Digital Twin Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Type
      • 8.3.3.2.2. By Application
      • 8.3.3.2.3. By End User
  • 8.3.4. South Korea Electrical Digital Twin Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Type
      • 8.3.4.2.2. By Application
      • 8.3.4.2.3. By End User
  • 8.3.5. Australia Electrical Digital Twin Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Type
      • 8.3.5.2.2. By Application
      • 8.3.5.2.3. By End User

9. South America Electrical Digital Twin Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Type
  • 9.2.2. By Application
  • 9.2.3. By End User
  • 9.2.4. By Country
• 9.3. South America: Country Analysis
  • 9.3.1. Brazil Electrical Digital Twin Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Type
      • 9.3.1.2.2. By Application
      • 9.3.1.2.3. By End User
  • 9.3.2. Argentina Electrical Digital Twin Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Type
      • 9.3.2.2.2. By Application
      • 9.3.2.2.3. By End User
  • 9.3.3. Colombia Electrical Digital Twin Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Type
      • 9.3.3.2.2. By Application
      • 9.3.3.2.3. By End User

10. Middle East and Africa Electrical Digital Twin Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Type
  • 10.2.2. By Application
  • 10.2.3. By End User
  • 10.2.4. By Country
• 10.3. Middle East and Africa: Country Analysis
  • 10.3.1. South Africa Electrical Digital Twin Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Type
      • 10.3.1.2.2. By Application
      • 10.3.1.2.3. By End User
  • 10.3.2. Saudi Arabia Electrical Digital Twin Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Type
      • 10.3.2.2.2. By Application
      • 10.3.2.2.3. By End User
  • 10.3.3. UAE Electrical Digital Twin Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Type
      • 10.3.3.2.2. By Application
      • 10.3.3.2.3. By End User
  • 10.3.4. Kuwait Electrical Digital Twin Market Outlook
    • 10.3.4.1. Market Size & Forecast
      • 10.3.4.1.1. By Value
    • 10.3.4.2. Market Share & Forecast
      • 10.3.4.2.1. By Type
      • 10.3.4.2.2. By Application
      • 10.3.4.2.3. By End User
  • 10.3.5. Turkey Electrical Digital Twin Market Outlook
    • 10.3.5.1. Market Size & Forecast
      • 10.3.5.1.1. By Value
    • 10.3.5.2. Market Share & Forecast
      • 10.3.5.2.1. By Type
      • 10.3.5.2.2. By Application
      • 10.3.5.2.3. By End User

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

13. Company Profiles

• 13.1. General Electric Company
  • 13.1.1. Business Overview
  • 13.1.2. Key Revenue and Financials
  • 13.1.3. Recent Developments
  • 13.1.4. Key Personnel/Key Contact Person
  • 13.1.5. Key Product/Services Offered
• 13.2. Siemens AG
  • 13.2.1. Business Overview
  • 13.2.2. Key Revenue and Financials
  • 13.2.3. Recent Developments
  • 13.2.4. Key Personnel/Key Contact Person
  • 13.2.5. Key Product/Services Offered
• 13.3. ABB Ltd
  • 13.3.1. Business Overview
  • 13.3.2. Key Revenue and Financials
  • 13.3.3. Recent Developments
  • 13.3.4. Key Personnel/Key Contact Person
  • 13.3.5. Key Product/Services Offered
• 13.4. Schneider Electric Company
  • 13.4.1. Business Overview
  • 13.4.2. Key Revenue and Financials
  • 13.4.3. Recent Developments
  • 13.4.4. Key Personnel/Key Contact Person
  • 13.4.5. Key Product/Services Offered
• 13.5. Microsoft Corp.
  • 13.5.1. Business Overview
  • 13.5.2. Key Revenue and Financials
  • 13.5.3. Recent Developments
  • 13.5.4. Key Personnel/Key Contact Person
  • 13.5.5. Key Product/Services Offered
• 13.6. International Business Machines Corporation
  • 13.6.1. Business Overview
  • 13.6.2. Key Revenue and Financials
  • 13.6.3. Recent Developments
  • 13.6.4. Key Personnel/Key Contact Person
  • 13.6.5. Key Product/Services Offered
• 13.7. Oracle Corporation
  • 13.7.1. Business Overview
  • 13.7.2. Key Revenue and Financials
  • 13.7.3. Recent Developments
  • 13.7.4. Key Personnel/Key Contact Person
  • 13.7.5. Key Product/Services Offered
• 13.8. PTC Inc
  • 13.8.1. Business Overview
  • 13.8.2. Key Revenue and Financials
  • 13.8.3. Recent Developments
  • 13.8.4. Key Personnel/Key Contact Person
  • 13.8.5. Key Product/Services Offered
• 13.9. Software AG
  • 13.9.1. Business Overview
  • 13.9.2. Key Revenue and Financials
  • 13.9.3. Recent Developments
  • 13.9.4. Key Personnel/Key Contact Person
  • 13.9.5. Key Product/Services Offered
• 13.10. Bentley Systems, Incorporated
  • 13.10.1. Business Overview
  • 13.10.2. Key Revenue and Financials
  • 13.10.3. Recent Developments
  • 13.10.4. Key Personnel/Key Contact Person
  • 13.10.5. Key Product/Services Offered

14. Strategic Recommendations

15. About Us & Disclaimer