Electrical Digital Twin - Global Market Outlook (2018-2027)

Electrical Digital Twin - Global Market Outlook (2018-2027)

  • Published: September 2019
  • ID: SMRC18588

According to Stratistics MRC, the Global Electrical Digital Twin Market is accounted for $646.14 million in 2018 and is expected to reach $2,670.12 million by 2027 growing at a CAGR of 17.1% during the forecast period. While the factors like reduced unplanned downtime and maintenance costs and streamlined integration of renewable energy technologies fuel the growth of the market. Whereas, the data privacy and security concerns is hindering the market growth.

A digital twin is basically a replica of a physical product, processor system, and behaves in the exact way the physical object would. Generally, the digital twin is about connecting the physical world with the virtual world through information and data.

On the basis of deployment type, the cloud/hosted segment is estimated to have a lucrative growth due to the multiple benefits of cloud software installation such as easy accessibility, maintenance of software or the hardware it resides on by cloud service providers, quick deployment, and lower energy consumption cost. By geography, North America is probably going to have a huge demand during the forecast period. The expanded research and advancement (R&D) exercises in the field of Internet of Things (IoT) and Industrial Internet of Things (IIoT) and growing interest for productive and cost-effective technologies for power utilities are the factors driving the market.

Some of the key players in Global Electrical Digital Twin market include AVEVA, ABB, GE, Etteplan, Emerson, Wipro, Siemens, Fujitsu, SAS Institute, Microsoft, IBM, and Acpd Services.

Deployment Types Covered:
• Cloud/Hosted
• On-Premises

Twin Types Covered:
• Digital Grid
• Digital Hydropower Plant
• Digital Gas & Steam Power Plant
• Distributed Energy Resources
• Digital Wind Farm
• Process Digital Twin
• Product Digital Twin
• System Digital Twin

Applications Covered:
• Business & Operations Optimization
• Asset Performance Management
• Digital Twin Aggregate
• Power Plant
• Building
• Public Sector
• Production
• Performance
• Other Applications

End Users Covered:
• Utilities
• Energy
• Grid Infrastructure Operators
• Automotive
• Retail
• Aerospace and Defense
• Logistics and Transportation
• Healthcare
• Electronics
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand     
o South Korea      
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary     
        
2 Preface  
    
 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats     
 3.6 Application Analysis   
 3.7 End User Analysis    
 3.8 Emerging Markets    
 3.9 Futuristic Market Scenario   
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Electrical Digital Twin Market, By Deployment Type 
 5.1 Introduction    
 5.2 Cloud/Hosted    
 5.3 On-Premises    
       
6 Global Electrical Digital Twin Market, By Twin Type  
 6.1 Introduction    
 6.2 Digital Grid     
 6.3 Digital Hydropower Plant   
 6.4 Digital Gas & Steam Power Plant  
 6.5 Distributed Energy Resources   
 6.6 Digital Wind Farm     
 6.7 Process Digital Twin    
 6.8 Product Digital Twin     
 6.9 System Digital Twin    
       
7 Global Electrical Digital Twin Market, By Application 
 7.1 Introduction    
 7.2 Business & Operations Optimization   
  7.2.1 Outage Management  
  7.2.2 Operational Flexibility  
 7.3 Asset Performance Management  
  7.3.1 Equipment Health   
  7.3.2 Maintenance Optimization  
  7.3.3 Reliability Management  
 7.4 Digital Twin Aggregate   
 7.5 Power Plant    
 7.6 Building     
 7.7 Public Sector    
 7.8 Production    
 7.9 Performance    
 7.10 Other Applications    
       
8 Global Electrical Digital Twin Market, By End User  
 8.1 Introduction    
 8.2 Utilities     
  8.2.1 Independent Power Producers 
  8.2.2 Federal Utilities   
 8.3 Energy     
 8.4 Grid Infrastructure Operators   
 8.5 Automotive    
 8.6 Retail     
 8.7 Aerospace and Defense   
 8.8 Logistics and Transportation   
 8.9 Healthcare    
 8.10 Electronics    
 8.11 Other End Users    
       
9 Global Electrical Digital Twin Market, By Geography 
 9.1 Introduction    
 9.2 North America    
  9.2.1 US    
  9.2.2 Canada    
  9.2.3 Mexico    
 9.3 Europe     
  9.3.1 Germany    
  9.3.2 UK    
  9.3.3 Italy    
  9.3.4 France    
  9.3.5 Spain    
  9.3.6 Rest of Europe   
 9.4 Asia Pacific     
  9.4.1 Japan    
  9.4.2 China    
  9.4.3 India    
  9.4.4 Australia    
  9.4.5 New Zealand   
  9.4.6 South Korea   
  9.4.7 Rest of Asia Pacific   
 9.5 South America    
  9.5.1 Argentina   
  9.5.2 Brazil    
  9.5.3 Chile    
  9.5.4 Rest of South America  
 9.6 Middle East & Africa   
  9.6.1 Saudi Arabia   
  9.6.2 UAE    
  9.6.3 Qatar    
  9.6.4 South Africa   
  9.6.5 Rest of Middle East & Africa  
       
10 Key Developments     
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
 10.2 Acquisitions & Mergers   
 10.3 New Product Launch   
 10.4 Expansions    
 10.5 Other Key Strategies   
       
11 Company Profiling     
 11.1 AVEVA      
 11.2 ABB      
 11.3 GE      
 11.4 Etteplan      
 11.5 Emerson      
 11.6 Wipro     
 11.7 Siemens      
 11.8 Fujitsu     
 11.9 SAS Institute    
 11.10 Microsoft     
 11.11 IBM      
 11.12 Acpd Services    


List of Tables      
1 Global Electrical Digital Twin Market Outlook, By Region (2017-2027) (US $MN)
2 Global Electrical Digital Twin Market Outlook, By Deployment Type (2017-2027) (US $MN)
3 Global Electrical Digital Twin Market Outlook, By Cloud/Hosted (2017-2027) (US $MN)
4 Global Electrical Digital Twin Market Outlook, By On-Premises (2017-2027) (US $MN)
5 Global Electrical Digital Twin Market Outlook, By Twin Type (2017-2027) (US $MN)
6 Global Electrical Digital Twin Market Outlook, By Digital Grid (2017-2027) (US $MN)
7 Global Electrical Digital Twin Market Outlook, By Digital Hydropower Plant (2017-2027) (US $MN)
8 Global Electrical Digital Twin Market Outlook, By Digital Gas & Steam Power Plant (2017-2027) (US $MN)
9 Global Electrical Digital Twin Market Outlook, By Distributed Energy Resources (2017-2027) (US $MN)
10 Global Electrical Digital Twin Market Outlook, By Digital Wind Farm (2017-2027) (US $MN)
11 Global Electrical Digital Twin Market Outlook, By Process Digital Twin (2017-2027) (US $MN)
12 Global Electrical Digital Twin Market Outlook, By Product Digital Twin (2017-2027) (US $MN)
13 Global Electrical Digital Twin Market Outlook, By System Digital Twin (2017-2027) (US $MN)
14 Global Electrical Digital Twin Market Outlook, By Application (2017-2027) (US $MN)
15 Global Electrical Digital Twin Market Outlook, By Business & Operations Optimization (2017-2027) (US $MN)
16 Global Electrical Digital Twin Market Outlook, By Outage Management (2017-2027) (US $MN)
17 Global Electrical Digital Twin Market Outlook, By Operational Flexibility (2017-2027) (US $MN)
18 Global Electrical Digital Twin Market Outlook, By Asset Performance Management (2017-2027) (US $MN)
19 Global Electrical Digital Twin Market Outlook, By Equipment Health (2017-2027) (US $MN)
20 Global Electrical Digital Twin Market Outlook, By Maintenance Optimization (2017-2027) (US $MN)
21 Global Electrical Digital Twin Market Outlook, By Reliability Management (2017-2027) (US $MN)
22 Global Electrical Digital Twin Market Outlook, By Digital Twin Aggregate (2017-2027) (US $MN)
23 Global Electrical Digital Twin Market Outlook, By Power Plant (2017-2027) (US $MN)
24 Global Electrical Digital Twin Market Outlook, By Building (2017-2027) (US $MN)
25 Global Electrical Digital Twin Market Outlook, By Public Sector (2017-2027) (US $MN)
26 Global Electrical Digital Twin Market Outlook, By Production (2017-2027) (US $MN)
27 Global Electrical Digital Twin Market Outlook, By Performance (2017-2027) (US $MN)
28 Global Electrical Digital Twin Market Outlook, By Other Applications (2017-2027) (US $MN)
29 Global Electrical Digital Twin Market Outlook, By End User (2017-2027) (US $MN)
30 Global Electrical Digital Twin Market Outlook, By Utilities (2017-2027) (US $MN)
31 Global Electrical Digital Twin Market Outlook, By Independent Power Producers (2017-2027) (US $MN)
32 Global Electrical Digital Twin Market Outlook, By Federal Utilities (2017-2027) (US $MN)
33 Global Electrical Digital Twin Market Outlook, By Energy (2017-2027) (US $MN)
34 Global Electrical Digital Twin Market Outlook, By Grid Infrastructure Operators (2017-2027) (US $MN)
35 Global Electrical Digital Twin Market Outlook, By Automotive (2017-2027) (US $MN)
36 Global Electrical Digital Twin Market Outlook, By Retail (2017-2027) (US $MN)
37 Global Electrical Digital Twin Market Outlook, By Aerospace and Defense (2017-2027) (US $MN)
38 Global Electrical Digital Twin Market Outlook, By Logistics and Transportation (2017-2027) (US $MN)
39 Global Electrical Digital Twin Market Outlook, By Healthcare (2017-2027) (US $MN)
40 Global Electrical Digital Twin Market Outlook, By Electronics (2017-2027) (US $MN)
41 Global Electrical Digital Twin Market Outlook, By Other End Users (2017-2027) (US $MN)
       
NOTE: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner above.

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