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Global Electrical Digital Twin Market Size, Status and Forecast 2020-2026
Published Date: January 2020
|
Report Code: QYRE-Auto-15L1177
Home | Market Reports | Business & Industrial | Energy & Utilities | Renewable & Alternative Energy
Global Electrical Digital Twin Market Size Status and Forecast 2020 2026

Global Electrical Digital Twin Market Size, Status and Forecast 2020-2026

Code: QYRE-Auto-15L1177
Report
January 2020
94 Pages
QYResearch
Region: Global, North America, Europe, Japan,
Description
Table of Content
Tables & Figures

ELECTRICAL DIGITAL TWIN MARKET SIZE

The global Electrical Digital Twin market size is projected to reach USD 11160 Million by 2026, from USD 3235.3 Million in 2019, at a CAGR of 19.4% during 2021-2026.

Electrical digital twin is a near-real-time digital image about the historical and current behavior of a physical object or process that helps optimize business performance.

Digital twins exist at the nexus of physical engineering, data science, and machine learning, and their value translates directly to measurable business outcomes—reduced asset downtime and maintenance costs, improved plant and factory efficiency, reduced cycle times, and increased market agility.

Electrical Digital Twin Market

LEADING COMPANIES IN ELECTRICAL DIGITAL TWIN MARKET SHARE

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

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Electrical Digital Twin market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Electrical Digital Twin market in terms of revenue.

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Electrical Digital Twin market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Electrical Digital Twin market.

ELECTRICAL DIGITAL TWIN MARKET SEGMENTS

Electrical Digital Twin Breakdown Data by Type

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

Electrical Digital Twin Breakdown Data by Application

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

Electrical Digital Twin Breakdown Data by Country Level Analysis

North America

  • United States
  • Canada

Europe

  • Germany
  • France
  • UK.
  • Italy
  • Russia
  • Nordic
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Australia
  • Rest of Asia-Pacific

Latin America

  • Mexico
  • Brazil

Middle East & Africa

  • Turkey
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa

In the competitive analysis section of the report, leading as well as prominent players of the global Electrical Digital Twin market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2016-2021.

Major Companies Covered in this Report

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

 

Report Metric

Details

Report Name

Electrical Digital Twin Market

Market size value in 2019

USD 3235.3 Million

Revenue forecast in 2026

USD 11160  Million

CAGR

19.4%

  By Product Type

Parts Twin, Product Twin, Process Twin, System Twin

  By Application

Aerospace and Defense, Automotive and Transportation, Machine Manufacturing, Energy and Utilities
Table of Contents
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Electrical Digital Twin Revenue
1.4 Market Analysis by Type
1.4.1 Global Electrical Digital Twin Market Size Growth Rate by Type: 2020 VS 2026
1.4.2 Product Digital Twin
1.4.3 Process Digital Twin
1.4.4 System Digital Twin
1.5 Market by Application
1.5.1 Global Electrical Digital Twin Market Share by Application: 2020 VS 2026
1.5.2 Gas and Steam Power Plant
1.5.3 Digital Wind Farm
1.5.4 Grid
1.5.5 Hydropower Station
1.5.6 Others
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends by Regions
2.1 Electrical Digital Twin Market Perspective (2015-2026)
2.2 Electrical Digital Twin Growth Trends by Regions
2.2.1 Electrical Digital Twin Market Size by Regions: 2015 VS 2020 VS 2026
2.2.2 Electrical Digital Twin Historic Market Share by Regions (2015-2020)
2.2.3 Electrical Digital Twin Forecasted Market Size by Regions (2021-2026)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porter’s Five Forces Analysis
2.3.5 Electrical Digital Twin Market Growth Strategy
2.3.6 Primary Interviews with Key Electrical Digital Twin Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Electrical Digital Twin Players by Market Size
3.1.1 Global Top Electrical Digital Twin Players by Revenue (2015-2020)
3.1.2 Global Electrical Digital Twin Revenue Market Share by Players (2015-2020)
3.1.3 Global Electrical Digital Twin Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Electrical Digital Twin Market Concentration Ratio
3.2.1 Global Electrical Digital Twin Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Electrical Digital Twin Revenue in 2019
3.3 Electrical Digital Twin Key Players Head office and Area Served
3.4 Key Players Electrical Digital Twin Product Solution and Service
3.5 Date of Enter into Electrical Digital Twin Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2026)
4.1 Global Electrical Digital Twin Historic Market Size by Type (2015-2020)
4.2 Global Electrical Digital Twin Forecasted Market Size by Type (2021-2026)
5 Electrical Digital Twin Breakdown Data by Application (2015-2026)
5.1 Global Electrical Digital Twin Market Size by Application (2015-2020)
5.2 Global Electrical Digital Twin Forecasted Market Size by Application (2021-2026)
6 North America
6.1 North America Electrical Digital Twin Market Size (2015-2020)
6.2 Electrical Digital Twin Key Players in North America (2019-2020)
6.3 North America Electrical Digital Twin Market Size by Type (2015-2020)
6.4 North America Electrical Digital Twin Market Size by Application (2015-2020)
7 Europe
7.1 Europe Electrical Digital Twin Market Size (2015-2020)
7.2 Electrical Digital Twin Key Players in Europe (2019-2020)
7.3 Europe Electrical Digital Twin Market Size by Type (2015-2020)
7.4 Europe Electrical Digital Twin Market Size by Application (2015-2020)
8 China
8.1 China Electrical Digital Twin Market Size (2015-2020)
8.2 Electrical Digital Twin Key Players in China (2019-2020)
8.3 China Electrical Digital Twin Market Size by Type (2015-2020)
8.4 China Electrical Digital Twin Market Size by Application (2015-2020)
9 Japan
9.1 Japan Electrical Digital Twin Market Size (2015-2020)
9.2 Electrical Digital Twin Key Players in Japan (2019-2020)
9.3 Japan Electrical Digital Twin Market Size by Type (2015-2020)
9.4 Japan Electrical Digital Twin Market Size by Application (2015-2020)
10 Southeast Asia
10.1 Southeast Asia Electrical Digital Twin Market Size (2015-2020)
10.2 Electrical Digital Twin Key Players in Southeast Asia (2019-2020)
10.3 Southeast Asia Electrical Digital Twin Market Size by Type (2015-2020)
10.4 Southeast Asia Electrical Digital Twin Market Size by Application (2015-2020)
11 India
11.1 India Electrical Digital Twin Market Size (2015-2020)
11.2 Electrical Digital Twin Key Players in India (2019-2020)
11.3 India Electrical Digital Twin Market Size by Type (2015-2020)
11.4 India Electrical Digital Twin Market Size by Application (2015-2020)
12 Central & South America
12.1 Central & South America Electrical Digital Twin Market Size (2015-2020)
12.2 Electrical Digital Twin Key Players in Central & South America (2019-2020)
12.3 Central & South America Electrical Digital Twin Market Size by Type (2015-2020)
12.4 Central & South America Electrical Digital Twin Market Size by Application (2015-2020)
13Key Players Profiles
13.1 Siemens
13.1.1 Siemens Company Details
13.1.2 Siemens Business Overview and Its Total Revenue
13.1.3 Siemens Electrical Digital Twin Introduction
13.1.4 Siemens Revenue in Electrical Digital Twin Business (2015-2020))
13.1.5 Siemens Recent Development
13.2 Bentley Systems
13.2.1 Bentley Systems Company Details
13.2.2 Bentley Systems Business Overview and Its Total Revenue
13.2.3 Bentley Systems Electrical Digital Twin Introduction
13.2.4 Bentley Systems Revenue in Electrical Digital Twin Business (2015-2020)
13.2.5 Bentley Systems Recent Development
13.3 ABB
13.3.1 ABB Company Details
13.3.2 ABB Business Overview and Its Total Revenue
13.3.3 ABB Electrical Digital Twin Introduction
13.3.4 ABB Revenue in Electrical Digital Twin Business (2015-2020)
13.3.5 ABB Recent Development
13.4 SAP
13.4.1 SAP Company Details
13.4.2 SAP Business Overview and Its Total Revenue
13.4.3 SAP Electrical Digital Twin Introduction
13.4.4 SAP Revenue in Electrical Digital Twin Business (2015-2020)
13.4.5 SAP Recent Development
13.5 Emerson
13.5.1 Emerson Company Details
13.5.2 Emerson Business Overview and Its Total Revenue
13.5.3 Emerson Electrical Digital Twin Introduction
13.5.4 Emerson Revenue in Electrical Digital Twin Business (2015-2020)
13.5.5 Emerson Recent Development
13.6 AVEVA
13.6.1 AVEVA Company Details
13.6.2 AVEVA Business Overview and Its Total Revenue
13.6.3 AVEVA Electrical Digital Twin Introduction
13.6.4 AVEVA Revenue in Electrical Digital Twin Business (2015-2020)
13.6.5 AVEVA Recent Development
13.7 Elabo
13.7.1 Elabo Company Details
13.7.2 Elabo Business Overview and Its Total Revenue
13.7.3 Elabo Electrical Digital Twin Introduction
13.7.4 Elabo Revenue in Electrical Digital Twin Business (2015-2020)
13.7.5 Elabo Recent Development
13.8 GE
13.8.1 GE Company Details
13.8.2 GE Business Overview and Its Total Revenue
13.8.3 GE Electrical Digital Twin Introduction
13.8.4 GE Revenue in Electrical Digital Twin Business (2015-2020)
13.8.5 GE Recent Development
13.9 Schneider
13.9.1 Schneider Company Details
13.9.2 Schneider Business Overview and Its Total Revenue
13.9.3 Schneider Electrical Digital Twin Introduction
13.9.4 Schneider Revenue in Electrical Digital Twin Business (2015-2020)
13.9.5 Schneider Recent Development
14Analyst's Viewpoints/Conclusions
15Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Tables
 
    Table 1. Electrical Digital Twin Key Market Segments
    Table 2. Key Players Covered: Ranking by Electrical Digital Twin Revenue
    Table 3. Ranking of Global Top Electrical Digital Twin Manufacturers by Revenue (US$ Million) in 2019
    Table 4. Global Electrical Digital Twin Market Size Growth Rate by Type (US$ Million): 2020 VS 2026
    Table 5. Key Players of Product Digital Twin
    Table 6. Key Players of Process Digital Twin
    Table 7. Key Players of System Digital Twin
    Table 8. Global Electrical Digital Twin Market Size Growth by Application (US$ Million): 2020 VS 2026
    Table 9. Global Electrical Digital Twin Market Size by Regions (US$ Million): 2020 VS 2026
    Table 10. Global Electrical Digital Twin Market Size by Regions (2015-2020) (US$ Million)
    Table 11. Global Electrical Digital Twin Market Share by Regions (2015-2020)
    Table 12. Global Electrical Digital Twin Forecasted Market Size by Regions (2021-2026) (US$ Million)
    Table 13. Global Electrical Digital Twin Market Share by Regions (2021-2026)
    Table 14. Market Top Trends
    Table 15. Key Drivers: Impact Analysis
    Table 16. Key Challenges
    Table 17. Electrical Digital Twin Market Growth Strategy
    Table 18. Main Points Interviewed from Key Electrical Digital Twin Players
    Table 19. Global Electrical Digital Twin Revenue by Players (2015-2020) (Million US$)
    Table 20. Global Electrical Digital Twin Market Share by Players (2015-2020)
    Table 21. Global Top Electrical Digital Twin Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Electrical Digital Twin as of 2019)
    Table 22. Global Electrical Digital Twin by Players Market Concentration Ratio (CR5 and HHI)
    Table 23. Key Players Headquarters and Area Served
    Table 24. Key Players Electrical Digital Twin Product Solution and Service
    Table 25. Date of Enter into Electrical Digital Twin Market
    Table 26. Mergers & Acquisitions, Expansion Plans
    Table 27. Global Electrical Digital Twin Market Size by Type (2015-2020) (Million US$)
    Table 28. Global Electrical Digital Twin Market Size Share by Type (2015-2020)
    Table 29. Global Electrical Digital Twin Revenue Market Share by Type (2021-2026)
    Table 30. Global Electrical Digital Twin Market Size Share by Application (2015-2020)
    Table 31. Global Electrical Digital Twin Market Size by Application (2015-2020) (Million US$)
    Table 32. Global Electrical Digital Twin Market Size Share by Application (2021-2026)
    Table 33. North America Key Players Electrical Digital Twin Revenue (2019-2020) (Million US$)
    Table 34. North America Key Players Electrical Digital Twin Market Share (2019-2020)
    Table 35. North America Electrical Digital Twin Market Size by Type (2015-2020) (Million US$)
    Table 36. North America Electrical Digital Twin Market Share by Type (2015-2020)
    Table 37. North America Electrical Digital Twin Market Size by Application (2015-2020) (Million US$)
    Table 38. North America Electrical Digital Twin Market Share by Application (2015-2020)
    Table 39. Europe Key Players Electrical Digital Twin Revenue (2019-2020) (Million US$)
    Table 40. Europe Key Players Electrical Digital Twin Market Share (2019-2020)
    Table 41. Europe Electrical Digital Twin Market Size by Type (2015-2020) (Million US$)
    Table 42. Europe Electrical Digital Twin Market Share by Type (2015-2020)
    Table 43. Europe Electrical Digital Twin Market Size by Application (2015-2020) (Million US$)
    Table 44. Europe Electrical Digital Twin Market Share by Application (2015-2020)
    Table 45. China Key Players Electrical Digital Twin Revenue (2019-2020) (Million US$)
    Table 46. China Key Players Electrical Digital Twin Market Share (2019-2020)
    Table 47. China Electrical Digital Twin Market Size by Type (2015-2020) (Million US$)
    Table 48. China Electrical Digital Twin Market Share by Type (2015-2020)
    Table 49. China Electrical Digital Twin Market Size by Application (2015-2020) (Million US$)
    Table 50. China Electrical Digital Twin Market Share by Application (2015-2020)
    Table 51. Japan Key Players Electrical Digital Twin Revenue (2019-2020) (Million US$)
    Table 52. Japan Key Players Electrical Digital Twin Market Share (2019-2020)
    Table 53. Japan Electrical Digital Twin Market Size by Type (2015-2020) (Million US$)
    Table 54. Japan Electrical Digital Twin Market Share by Type (2015-2020)
    Table 55. Japan Electrical Digital Twin Market Size by Application (2015-2020) (Million US$)
    Table 56. Japan Electrical Digital Twin Market Share by Application (2015-2020)
    Table 57. Southeast Asia Key Players Electrical Digital Twin Revenue (2019-2020) (Million US$)
    Table 58. Southeast Asia Key Players Electrical Digital Twin Market Share (2019-2020)
    Table 59. Southeast Asia Electrical Digital Twin Market Size by Type (2015-2020) (Million US$)
    Table 60. Southeast Asia Electrical Digital Twin Market Share by Type (2015-2020)
    Table 61. Southeast Asia Electrical Digital Twin Market Size by Application (2015-2020) (Million US$)
    Table 62. Southeast Asia Electrical Digital Twin Market Share by Application (2015-2020)
    Table 63. India Key Players Electrical Digital Twin Revenue (2019-2020) (Million US$)
    Table 64. India Key Players Electrical Digital Twin Market Share (2019-2020)
    Table 65. India Electrical Digital Twin Market Size by Type (2015-2020) (Million US$)
    Table 66. India Electrical Digital Twin Market Share by Type (2015-2020)
    Table 67. India Electrical Digital Twin Market Size by Application (2015-2020) (Million US$)
    Table 68. India Electrical Digital Twin Market Share by Application (2015-2020)
    Table 69. Central & South America Key Players Electrical Digital Twin Revenue (2019-2020) (Million US$)
    Table 70. Central & South America Key Players Electrical Digital Twin Market Share (2019-2020)
    Table 71. Central & South America Electrical Digital Twin Market Size by Type (2015-2020) (Million US$)
    Table 72. Central & South America Electrical Digital Twin Market Share by Type (2015-2020)
    Table 73. Central & South America Electrical Digital Twin Market Size by Application (2015-2020) (Million US$)
    Table 74. Central & South America Electrical Digital Twin Market Share by Application (2015-2020)
    Table 75. Siemens Company Details
    Table 76. Siemens Business Overview
    Table 77. Siemens Product
    Table 78. Siemens Revenue in Electrical Digital Twin Business (2015-2020) (Million US$)
    Table 79. Siemens Recent Development
    Table 80. Bentley Systems Company Details
    Table 81. Bentley Systems Business Overview
    Table 82. Bentley Systems Product
    Table 83. Bentley Systems Revenue in Electrical Digital Twin Business (2015-2020) (Million US$)
    Table 84. Bentley Systems Recent Development
    Table 85. ABB Company Details
    Table 86. ABB Business Overview
    Table 87. ABB Product
    Table 88. ABB Revenue in Electrical Digital Twin Business (2015-2020) (Million US$)
    Table 89. ABB Recent Development
    Table 90. SAP Company Details
    Table 91. SAP Business Overview
    Table 92. SAP Product
    Table 93. SAP Revenue in Electrical Digital Twin Business (2015-2020) (Million US$)
    Table 94. SAP Recent Development
    Table 95. Emerson Company Details
    Table 96. Emerson Business Overview
    Table 97. Emerson Product
    Table 98. Emerson Revenue in Electrical Digital Twin Business (2015-2020) (Million US$)
    Table 99. Emerson Recent Development
    Table 100. AVEVA Company Details
    Table 101. AVEVA Business Overview
    Table 102. AVEVA Product
    Table 103. AVEVA Revenue in Electrical Digital Twin Business (2015-2020) (Million US$)
    Table 104. AVEVA Recent Development
    Table 105. Elabo Company Details
    Table 106. Elabo Business Overview
    Table 107. Elabo Product
    Table 108. Elabo Revenue in Electrical Digital Twin Business (2015-2020) (Million US$)
    Table 109. Elabo Recent Development
    Table 110. GE Business Overview
    Table 111. GE Product
    Table 112. GE Company Details
    Table 113. GE Revenue in Electrical Digital Twin Business (2015-2020) (Million US$)
    Table 114. GE Recent Development
    Table 115. Schneider Company Details
    Table 116. Schneider Business Overview
    Table 117. Schneider Product
    Table 118. Schneider Revenue in Electrical Digital Twin Business (2015-2020) (Million US$)
    Table 119. Schneider Recent Development
    Table 120. Research Programs/Design for This Report
    Table 121. Key Data Information from Secondary Sources
    Table 122. Key Data Information from Primary Sources
List of Figures
    Figure 1. Global Electrical Digital Twin Market Share by Type: 2020 VS 2026
    Figure 2. Product Digital Twin Features
    Figure 3. Process Digital Twin Features
    Figure 4. System Digital Twin Features
    Figure 5. Global Electrical Digital Twin Market Share by Application: 2020 VS 2026
    Figure 6. Gas and Steam Power Plant Case Studies
    Figure 7. Digital Wind Farm Case Studies
    Figure 8. Grid Case Studies
    Figure 9. Hydropower Station Case Studies
    Figure 10. Others Case Studies
    Figure 11. Electrical Digital Twin Report Years Considered
    Figure 12. Global Electrical Digital Twin Market Size YoY Growth 2015-2026 (US$ Million)
    Figure 13. Global Electrical Digital Twin Market Share by Regions: 2020 VS 2026
    Figure 14. Global Electrical Digital Twin Market Share by Regions (2021-2026)
    Figure 15. Porter's Five Forces Analysis
    Figure 16. Global Electrical Digital Twin Market Share by Players in 2019
    Figure 17. Global Top Electrical Digital Twin Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Electrical Digital Twin as of 2019
    Figure 18. The Top 10 and 5 Players Market Share by Electrical Digital Twin Revenue in 2019
    Figure 19. North America Electrical Digital Twin Market Size YoY Growth (2015-2020) (Million US$)
    Figure 20. Europe Electrical Digital Twin Market Size YoY Growth (2015-2020) (Million US$)
    Figure 21. China Electrical Digital Twin Market Size YoY Growth (2015-2020) (Million US$)
    Figure 22. Japan Electrical Digital Twin Market Size YoY Growth (2015-2020) (Million US$)
    Figure 23. Southeast Asia Electrical Digital Twin Market Size YoY Growth (2015-2020) (Million US$)
    Figure 24. India Electrical Digital Twin Market Size YoY Growth (2015-2020) (Million US$)
    Figure 25. Central & South America Electrical Digital Twin Market Size YoY Growth (2015-2020) (Million US$)
    Figure 26. Siemens Total Revenue (US$ Million): 2019 Compared with 2018
    Figure 27. Siemens Revenue Growth Rate in Electrical Digital Twin Business (2015-2020)
    Figure 28. Bentley Systems Total Revenue (US$ Million): 2019 Compared with 2018
    Figure 29. Bentley Systems Revenue Growth Rate in Electrical Digital Twin Business (2015-2020)
    Figure 30. ABB Total Revenue (US$ Million): 2019 Compared with 2018
    Figure 31. ABB Revenue Growth Rate in Electrical Digital Twin Business (2015-2020)
    Figure 32. SAP Total Revenue (US$ Million): 2019 Compared with 2018
    Figure 33. SAP Revenue Growth Rate in Electrical Digital Twin Business (2015-2020)
    Figure 34. Emerson Total Revenue (US$ Million): 2019 Compared with 2018
    Figure 35. Emerson Revenue Growth Rate in Electrical Digital Twin Business (2015-2020)
    Figure 36. AVEVA Total Revenue (US$ Million): 2019 Compared with 2018
    Figure 37. AVEVA Revenue Growth Rate in Electrical Digital Twin Business (2015-2020)
    Figure 38. Elabo Total Revenue (US$ Million): 2019 Compared with 2018
    Figure 39. Elabo Revenue Growth Rate in Electrical Digital Twin Business (2015-2020)
    Figure 40. GE Total Revenue (US$ Million): 2019 Compared with 2018
    Figure 41. GE Revenue Growth Rate in Electrical Digital Twin Business (2015-2020)
    Figure 42. Schneider Total Revenue (US$ Million): 2019 Compared with 2018
    Figure 43. Schneider Revenue Growth Rate in Electrical Digital Twin Business (2015-2020)
    Figure 44. Bottom-up and Top-down Approaches for This Report
    Figure 45. Data Triangulation
    Figure 46. Key Executives Interviewed
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