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Market Research Report
Product code
1070677
Electrical Digital Twin Market by Type, Application and End User : Global Opportunity Analysis and Industry Forecast, 2021-2030 |
Electrical Digital Twin Market by Type, Application and End User : Global Opportunity Analysis and Industry Forecast, 2021-2030 |
Published: February 23, 2022
Allied Market Research
Content info: 277 Pages
Delivery time: 2-3 business days
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The global electrical digital twin market was valued at $149.10 million in 2020, and is projected to reach $556.4 million by 2030, registering a CAGR of 12.7% from 2021 to 2030.
Electrical digital twin enables utilities to simplify the data maintenance and data exchange process. A digital twin is a virtual representation of an object or system that spans its lifecycle, is updated from real-time data, and also uses simulation, machine learning and reasoning to help decision-making.
The scope of the report discusses potential opportunities for the market players to enter the global electrical digital twin market. This report also provides in-depth analysis of the market, outlining current trends, key driving factors, and key areas of investment. The report includes Porter's five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. The report features strategies adopted by key market players to maintain their foothold in the market.
The electrical digital twin market is analyzed on the basis of type, application, end user and region. By type, the market is divided into product digital twin, process digital twin, and system digital twin. By application, it is classified into asset performance management, and business & operations optimization. By end user, it is categorized into utilities, and grid infrastructure operators. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.
The key players profiled in the report include General Electric, ABB, Emerson, Siemens, AVEVA, Schneider, SAP, IBM, Oracle Corporation, and Microsoft. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaboration to enhance their market penetration.
By Type
By Application
By End User
By Region