According to new survey, global Electrical Digital Twin Software market is projected to reach US$ 13660 million in 2029, increasing from US$ 3853 million in 2022, with the CAGR of 19.4% during the period of 2023 to 2029.

Electrical Digital Twin Software Market

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.

Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Electrical Digital Twin Software market research.

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

Report Scope

This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Electrical Digital Twin Software market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.

Scope of Electrical Digital Twin Software Market Report

Report Metric	Details
Report Name	Electrical Digital Twin Software Market
Accounted market size in 2022	US$ 3853 million
Forecasted market size in 2029	US$ 13660 million
CAGR	19.4%
Base Year	2022
Forecasted years	2023 - 2029
Segment by Type	System Twin Process Twin Product Twin Parts Twin
Segment by Application	Aerospace & Defense Automotive & Transportation Machine Manufacturing Energy & Utilities Others
By Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Rest of Europe Nordic Countries Asia-Pacific (China, Japan, South Korea) Southeast Asia (India, Australia) Rest of Asia Latin America (Mexico, Brazil) Rest of Latin America Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company	General Electric, PTC, Siemens, Dassault Systèmes, IBM Corporation, ANSYS, Microsoft Corporation, Oracle Corporation
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends

FAQ for this report

How fast is Electrical Digital Twin Software Market growing?

Ans: The Electrical Digital Twin Software Market witnessing a CAGR of 19.4% during the forecast period 2023-2029.

What is the Electrical Digital Twin Software Market size in 2029?

Ans: The Electrical Digital Twin Software Market size in 2029 will be US$ 13660 million.

What is the General Electric share in Electrical Digital Twin Software Market?

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

Who are the main players in the Electrical Digital Twin Software Market report?

Ans: The main players in the Electrical Digital Twin Software Market are General Electric, PTC, Siemens, Dassault Systèmes, IBM Corporation, ANSYS, Microsoft Corporation, Oracle Corporation

What are the Application segmentation covered in the Electrical Digital Twin Software Market report?

Ans: The Applications covered in the Electrical Digital Twin Software Market report are Aerospace & Defense, Automotive & Transportation, Machine Manufacturing, Energy & Utilities, Others

What are the Type segmentation covered in the Electrical Digital Twin Software Market report?

Ans: The Types covered in the Electrical Digital Twin Software Market report are System Twin, Process Twin, Product Twin, Parts Twin

1 Report Overview

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Electrical Digital Twin Software Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 System Twin

1.2.3 Process Twin

1.2.4 Product Twin

1.2.5 Parts Twin

1.3 Market by Application

1.3.1 Global Electrical Digital Twin Software Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Aerospace & Defense

1.3.3 Automotive & Transportation

1.3.4 Machine Manufacturing

1.3.5 Energy & Utilities

1.3.6 Others

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2 Global Growth Trends

2.1 Global Electrical Digital Twin Software Market Perspective (2018-2029)

2.2 Electrical Digital Twin Software Growth Trends by Region

2.2.1 Global Electrical Digital Twin Software Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Electrical Digital Twin Software Historic Market Size by Region (2018-2023)

2.2.3 Electrical Digital Twin Software Forecasted Market Size by Region (2024-2029)

2.3 Electrical Digital Twin Software Market Dynamics

2.3.1 Electrical Digital Twin Software Industry Trends

2.3.2 Electrical Digital Twin Software Market Drivers

2.3.3 Electrical Digital Twin Software Market Challenges

2.3.4 Electrical Digital Twin Software Market Restraints

3 Competition Landscape by Key Players

3.1 Global Top Electrical Digital Twin Software Players by Revenue

3.1.1 Global Top Electrical Digital Twin Software Players by Revenue (2018-2023)

3.1.2 Global Electrical Digital Twin Software Revenue Market Share by Players (2018-2023)

3.2 Global Electrical Digital Twin Software Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Electrical Digital Twin Software Revenue

3.4 Global Electrical Digital Twin Software Market Concentration Ratio

3.4.1 Global Electrical Digital Twin Software Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Electrical Digital Twin Software Revenue in 2022

3.5 Electrical Digital Twin Software Key Players Head office and Area Served

3.6 Key Players Electrical Digital Twin Software Product Solution and Service

3.7 Date of Enter into Electrical Digital Twin Software Market

3.8 Mergers & Acquisitions, Expansion Plans

4 Electrical Digital Twin Software Breakdown Data by Type

4.1 Global Electrical Digital Twin Software Historic Market Size by Type (2018-2023)

4.2 Global Electrical Digital Twin Software Forecasted Market Size by Type (2024-2029)

5 Electrical Digital Twin Software Breakdown Data by Application

5.1 Global Electrical Digital Twin Software Historic Market Size by Application (2018-2023)

5.2 Global Electrical Digital Twin Software Forecasted Market Size by Application (2024-2029)

6 North America

6.1 North America Electrical Digital Twin Software Market Size (2018-2029)

6.2 North America Electrical Digital Twin Software Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Electrical Digital Twin Software Market Size by Country (2018-2023)

6.4 North America Electrical Digital Twin Software Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7 Europe

7.1 Europe Electrical Digital Twin Software Market Size (2018-2029)

7.2 Europe Electrical Digital Twin Software Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Electrical Digital Twin Software Market Size by Country (2018-2023)

7.4 Europe Electrical Digital Twin Software Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8 Asia-Pacific

8.1 Asia-Pacific Electrical Digital Twin Software Market Size (2018-2029)

8.2 Asia-Pacific Electrical Digital Twin Software Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Electrical Digital Twin Software Market Size by Region (2018-2023)

8.4 Asia-Pacific Electrical Digital Twin Software Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9 Latin America

9.1 Latin America Electrical Digital Twin Software Market Size (2018-2029)

9.2 Latin America Electrical Digital Twin Software Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Electrical Digital Twin Software Market Size by Country (2018-2023)

9.4 Latin America Electrical Digital Twin Software Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10 Middle East & Africa

10.1 Middle East & Africa Electrical Digital Twin Software Market Size (2018-2029)

10.2 Middle East & Africa Electrical Digital Twin Software Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Electrical Digital Twin Software Market Size by Country (2018-2023)

10.4 Middle East & Africa Electrical Digital Twin Software Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11 Key Players Profiles

11.1 General Electric

11.1.1 General Electric Company Detail

11.1.2 General Electric Business Overview

11.1.3 General Electric Electrical Digital Twin Software Introduction

11.1.4 General Electric Revenue in Electrical Digital Twin Software Business (2018-2023)

11.1.5 General Electric Recent Development

11.2 PTC

11.2.1 PTC Company Detail

11.2.2 PTC Business Overview

11.2.3 PTC Electrical Digital Twin Software Introduction

11.2.4 PTC Revenue in Electrical Digital Twin Software Business (2018-2023)

11.2.5 PTC Recent Development

11.3 Siemens

11.3.1 Siemens Company Detail

11.3.2 Siemens Business Overview

11.3.3 Siemens Electrical Digital Twin Software Introduction

11.3.4 Siemens Revenue in Electrical Digital Twin Software Business (2018-2023)

11.3.5 Siemens Recent Development

11.4 Dassault Systèmes

11.4.1 Dassault Systèmes Company Detail

11.4.2 Dassault Systèmes Business Overview

11.4.3 Dassault Systèmes Electrical Digital Twin Software Introduction

11.4.4 Dassault Systèmes Revenue in Electrical Digital Twin Software Business (2018-2023)

11.4.5 Dassault Systèmes Recent Development

11.5 IBM Corporation

11.5.1 IBM Corporation Company Detail

11.5.2 IBM Corporation Business Overview

11.5.3 IBM Corporation Electrical Digital Twin Software Introduction

11.5.4 IBM Corporation Revenue in Electrical Digital Twin Software Business (2018-2023)

11.5.5 IBM Corporation Recent Development

11.6 ANSYS

11.6.1 ANSYS Company Detail

11.6.2 ANSYS Business Overview

11.6.3 ANSYS Electrical Digital Twin Software Introduction

11.6.4 ANSYS Revenue in Electrical Digital Twin Software Business (2018-2023)

11.6.5 ANSYS Recent Development

11.7 Microsoft Corporation

11.7.1 Microsoft Corporation Company Detail

11.7.2 Microsoft Corporation Business Overview

11.7.3 Microsoft Corporation Electrical Digital Twin Software Introduction

11.7.4 Microsoft Corporation Revenue in Electrical Digital Twin Software Business (2018-2023)

11.7.5 Microsoft Corporation Recent Development

11.8 Oracle Corporation

11.8.1 Oracle Corporation Company Detail

11.8.2 Oracle Corporation Business Overview

11.8.3 Oracle Corporation Electrical Digital Twin Software Introduction

11.8.4 Oracle Corporation Revenue in Electrical Digital Twin Software Business (2018-2023)

11.8.5 Oracle Corporation Recent Development

12 Analyst's Viewpoints/Conclusions

13 Appendix

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

FEATURED COMPANIES

Microsoft Corporation

ORACLE CORPORATION

List of Tables

Table 1. Global Electrical Digital Twin Software Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

Table 2. Key Players of System Twin

Table 3. Key Players of Process Twin

Table 4. Key Players of Product Twin

Table 5. Key Players of Parts Twin

Table 6. Global Electrical Digital Twin Software Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

Table 7. Global Electrical Digital Twin Software Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

Table 8. Global Electrical Digital Twin Software Market Size by Region (2018-2023) & (US$ Million)

Table 9. Global Electrical Digital Twin Software Market Share by Region (2018-2023)

Table 10. Global Electrical Digital Twin Software Forecasted Market Size by Region (2024-2029) & (US$ Million)

Table 11. Global Electrical Digital Twin Software Market Share by Region (2024-2029)

Table 12. Electrical Digital Twin Software Market Trends

Table 13. Electrical Digital Twin Software Market Drivers

Table 14. Electrical Digital Twin Software Market Challenges

Table 15. Electrical Digital Twin Software Market Restraints

Table 16. Global Electrical Digital Twin Software Revenue by Players (2018-2023) & (US$ Million)

Table 17. Global Electrical Digital Twin Software Market Share by Players (2018-2023)

Table 18. Global Top Electrical Digital Twin Software Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Electrical Digital Twin Software as of 2022)

Table 19. Ranking of Global Top Electrical Digital Twin Software Companies by Revenue (US$ Million) in 2022

Table 20. Global 5 Largest Players Market Share by Electrical Digital Twin Software Revenue (CR5 and HHI) & (2018-2023)

Table 21. Key Players Headquarters and Area Served

Table 22. Key Players Electrical Digital Twin Software Product Solution and Service

Table 23. Date of Enter into Electrical Digital Twin Software Market

Table 24. Mergers & Acquisitions, Expansion Plans

Table 25. Global Electrical Digital Twin Software Market Size by Type (2018-2023) & (US$ Million)

Table 26. Global Electrical Digital Twin Software Revenue Market Share by Type (2018-2023)

Table 27. Global Electrical Digital Twin Software Forecasted Market Size by Type (2024-2029) & (US$ Million)

Table 28. Global Electrical Digital Twin Software Revenue Market Share by Type (2024-2029)

Table 29. Global Electrical Digital Twin Software Market Size by Application (2018-2023) & (US$ Million)

Table 30. Global Electrical Digital Twin Software Revenue Market Share by Application (2018-2023)

Table 31. Global Electrical Digital Twin Software Forecasted Market Size by Application (2024-2029) & (US$ Million)

Table 32. Global Electrical Digital Twin Software Revenue Market Share by Application (2024-2029)

Table 33. North America Electrical Digital Twin Software Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

Table 34. North America Electrical Digital Twin Software Market Size by Country (2018-2023) & (US$ Million)

Table 35. North America Electrical Digital Twin Software Market Size by Country (2024-2029) & (US$ Million)

Table 36. Europe Electrical Digital Twin Software Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

Table 37. Europe Electrical Digital Twin Software Market Size by Country (2018-2023) & (US$ Million)

Table 38. Europe Electrical Digital Twin Software Market Size by Country (2024-2029) & (US$ Million)

Table 39. Asia-Pacific Electrical Digital Twin Software Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

Table 40. Asia-Pacific Electrical Digital Twin Software Market Size by Region (2018-2023) & (US$ Million)

Table 41. Asia-Pacific Electrical Digital Twin Software Market Size by Region (2024-2029) & (US$ Million)

Table 42. Latin America Electrical Digital Twin Software Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

Table 43. Latin America Electrical Digital Twin Software Market Size by Country (2018-2023) & (US$ Million)

Table 44. Latin America Electrical Digital Twin Software Market Size by Country (2024-2029) & (US$ Million)

Table 45. Middle East & Africa Electrical Digital Twin Software Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

Table 46. Middle East & Africa Electrical Digital Twin Software Market Size by Country (2018-2023) & (US$ Million)

Table 47. Middle East & Africa Electrical Digital Twin Software Market Size by Country (2024-2029) & (US$ Million)

Table 48. General Electric Company Detail

Table 49. General Electric Business Overview

Table 50. General Electric Electrical Digital Twin Software Product

Table 51. General Electric Revenue in Electrical Digital Twin Software Business (2018-2023) & (US$ Million)

Table 52. General Electric Recent Development

Table 53. PTC Company Detail

Table 54. PTC Business Overview

Table 55. PTC Electrical Digital Twin Software Product

Table 56. PTC Revenue in Electrical Digital Twin Software Business (2018-2023) & (US$ Million)

Table 57. PTC Recent Development

Table 58. Siemens Company Detail

Table 59. Siemens Business Overview

Table 60. Siemens Electrical Digital Twin Software Product

Table 61. Siemens Revenue in Electrical Digital Twin Software Business (2018-2023) & (US$ Million)

Table 62. Siemens Recent Development

Table 63. Dassault Systèmes Company Detail

Table 64. Dassault Systèmes Business Overview

Table 65. Dassault Systèmes Electrical Digital Twin Software Product

Table 66. Dassault Systèmes Revenue in Electrical Digital Twin Software Business (2018-2023) & (US$ Million)

Table 67. Dassault Systèmes Recent Development

Table 68. IBM Corporation Company Detail

Table 69. IBM Corporation Business Overview

Table 70. IBM Corporation Electrical Digital Twin Software Product

Table 71. IBM Corporation Revenue in Electrical Digital Twin Software Business (2018-2023) & (US$ Million)

Table 72. IBM Corporation Recent Development

Table 73. ANSYS Company Detail

Table 74. ANSYS Business Overview

Table 75. ANSYS Electrical Digital Twin Software Product

Table 76. ANSYS Revenue in Electrical Digital Twin Software Business (2018-2023) & (US$ Million)

Table 77. ANSYS Recent Development

Table 78. Microsoft Corporation Company Detail

Table 79. Microsoft Corporation Business Overview

Table 80. Microsoft Corporation Electrical Digital Twin Software Product

Table 81. Microsoft Corporation Revenue in Electrical Digital Twin Software Business (2018-2023) & (US$ Million)

Table 82. Microsoft Corporation Recent Development

Table 83. Oracle Corporation Company Detail

Table 84. Oracle Corporation Business Overview

Table 85. Oracle Corporation Electrical Digital Twin Software Product

Table 86. Oracle Corporation Revenue in Electrical Digital Twin Software Business (2018-2023) & (US$ Million)

Table 87. Oracle Corporation Recent Development

Table 88. Research Programs/Design for This Report

Table 89. Key Data Information from Secondary Sources

Table 90. Key Data Information from Primary Sources

List of Figures

Figure 1. Global Electrical Digital Twin Software Market Size Comparison by Type (2023-2029) & (US$ Million)

Figure 2. Global Electrical Digital Twin Software Market Share by Type: 2022 VS 2029

Figure 3. System Twin Features

Figure 4. Process Twin Features

Figure 5. Product Twin Features

Figure 6. Parts Twin Features

Figure 7. Global Electrical Digital Twin Software Market Size Comparison by Application (2023-2029) & (US$ Million)

Figure 8. Global Electrical Digital Twin Software Market Share by Application: 2022 VS 2029

Figure 9. Aerospace & Defense Case Studies

Figure 10. Automotive & Transportation Case Studies

Figure 11. Machine Manufacturing Case Studies

Figure 12. Energy & Utilities Case Studies

Figure 13. Others Case Studies

Figure 14. Electrical Digital Twin Software Report Years Considered

Figure 15. Global Electrical Digital Twin Software Market Size (US$ Million), Year-over-Year: 2018-2029

Figure 16. Global Electrical Digital Twin Software Market Size, (US$ Million), 2018 VS 2022 VS 2029

Figure 17. Global Electrical Digital Twin Software Market Share by Region: 2022 VS 2029

Figure 18. Global Electrical Digital Twin Software Market Share by Players in 2022

Figure 19. Global Top Electrical Digital Twin Software Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Electrical Digital Twin Software as of 2022)

Figure 20. The Top 10 and 5 Players Market Share by Electrical Digital Twin Software Revenue in 2022

Figure 21. North America Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 22. North America Electrical Digital Twin Software Market Share by Country (2018-2029)

Figure 23. United States Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 24. Canada Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 25. Europe Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 26. Europe Electrical Digital Twin Software Market Share by Country (2018-2029)

Figure 27. Germany Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 28. France Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 29. U.K. Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 30. Italy Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 31. Russia Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 32. Nordic Countries Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 33. Asia-Pacific Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 34. Asia-Pacific Electrical Digital Twin Software Market Share by Region (2018-2029)

Figure 35. China Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 36. Japan Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 37. South Korea Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 38. Southeast Asia Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 39. India Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 40. Australia Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 41. Latin America Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 42. Latin America Electrical Digital Twin Software Market Share by Country (2018-2029)

Figure 43. Mexico Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 44. Brazil Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 45. Middle East & Africa Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 46. Middle East & Africa Electrical Digital Twin Software Market Share by Country (2018-2029)

Figure 47. Turkey Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 48. Saudi Arabia Electrical Digital Twin Software Market Size YoY Growth (2018-2029) & (US$ Million)

Figure 49. General Electric Revenue Growth Rate in Electrical Digital Twin Software Business (2018-2023)

Figure 50. PTC Revenue Growth Rate in Electrical Digital Twin Software Business (2018-2023)

Figure 51. Siemens Revenue Growth Rate in Electrical Digital Twin Software Business (2018-2023)

Figure 52. Dassault Systèmes Revenue Growth Rate in Electrical Digital Twin Software Business (2018-2023)

Figure 53. IBM Corporation Revenue Growth Rate in Electrical Digital Twin Software Business (2018-2023)

Figure 54. ANSYS Revenue Growth Rate in Electrical Digital Twin Software Business (2018-2023)

Figure 55. Microsoft Corporation Revenue Growth Rate in Electrical Digital Twin Software Business (2018-2023)

Figure 56. Oracle Corporation Revenue Growth Rate in Electrical Digital Twin Software Business (2018-2023)

Figure 57. Bottom-up and Top-down Approaches for This Report

Figure 58. Data Triangulation

Figure 59. Key Executives Interviewed

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