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Market Research Report

Electrical Digital Twin Market by Twin Type (Gas & Steam Power Plant, Wind Farm, Digital Grid, Hydropower Plant, and Der), Application, Deployment (Cloud/Hosted and On-Premises), End-user, Region - Global Forecast to 2024

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Electrical Digital Twin Market by Twin Type (Gas & Steam Power Plant, Wind Farm, Digital Grid, Hydropower Plant, and Der), Application, Deployment (Cloud/Hosted and On-Premises), End-user, Region - Global Forecast to 2024
Published: July 12, 2019 Content info: 131 Pages
Description

"The global electrical digital twin market is projected to grow at a CAGR of 15.4% from 2019 to 2024"

The global electrical digital twin market is projected to reach USD 1,642 million by 2024 from an estimated USD 804 million in 2019, at a CAGR of 15.4% during the forecast period. This growth can be attributed to factors such as improved accuracy and efficiency in power sector operations, streamlined integration of renewable energy technologies, and reduced unplanned downtime and maintenance costs. However, limited support for implementation from stakeholders and lack of skilled talent and workforce are hindering the growth of the electrical digital twin market.

"The asset performance management segment is expected to be the fastest growing market from 2019 to 2024."

The asset performance management segment, by application, is estimated to be the largest and the fastest growing segment during the forecast period. Due to the increase in focus on asset management by power utilities, the adoption of electrical digital twin is likely to drive the market during the forecast period. The focus on asset management is increasing as the power utilities want to continuously monitor asset health, increase grid reliability, and help in maintenance optimization. With the help of digital twining, power utilities can map physical assets to a digital platform that helps in creating a single source of data for all power generation or renewable assets.

"The cloud segment, by deployment type, is expected to be the largest market from 2019 to 2024"

The cloud segment is expected to hold the largest market share and is the fastest growing segment during the forecast period. Electrical digital twin in the cloud acts as a bridge between the digital and physical world by accessing real-time data from the sensors installed in the assets in a power plant. The cloud-based data sharing platform helps power grid operators identify and mitigate issues before they happen by analyzing the present and past data related to plant performance. Moreover, cloud services help in achieving economies of scale by continuously monitoring assets' health to lower the cost of power plant operations.

"North America: The largest electrical digital twin market"

The North American region is expected to be the largest electrical digital twin market by 2024. The North American digital twin market has been further segmented into the US, Canada, and Mexico. In recent years, the development of software and automation solutions deployed in the power utilities have a positive impact on the growth of the electrical digital twin market. Moreover, the increased research & development (R&D) activities in the field of Internet of Things (IoT) and Industrial Internet of Things (IIoT) and increasing demand for efficient and cost-effective technologies for power utilities are the factors driving the market in this region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants among other experts to obtain and verify critical qualitative and quantitative information as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1 - 62%, Tier 2 - 22%, and Tier 3 - 16%
  • By Designation: C-Level - 40%, Director Level - 30%, and Others - 30%
  • By Region: North America - 47%, South America- 12%, Europe - 11%, Asia Pacific - 19%, and the Middle East & Africa - 11%

Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined on the basis of their total revenue as of 2018. Tier 1: USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million.

The global electrical digital twin market is dominated by a few major players that have a wide regional presence. The leading players in the electrical digital twin market are Siemens (Germany), GE (US), ABB (Switzerland), Emerson (US), and AVEVA (UK).

Research Coverage:

The report defines, describes, and forecasts the global electrical digital twin market by twin type, application, deployment, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the electrical digital twin market.

Why buy this report?

  • 1. The report identifies and addresses the key markets for electrical digital twin, which would help various stakeholders such as utilities, analytics companies, and digital twin providers to review the growth in demand.
  • 2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
  • 3. The report will help key players understand the strategies of their competitors better and help them in making effective strategic decisions.
Table of Contents
Product Code: EP 7212

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 OBJECTIVES OF THE STUDY
  • 1.2 DEFINITION
  • 1.3 MARKET SCOPE
    • 1.3.1 MARKET SEGMENTATION
    • 1.3.2 REGIONAL SCOPE
  • 1.4 YEARS CONSIDERED FOR THE STUDY
  • 1.5 CURRENCY
  • 1.6 LIMITATIONS
  • 1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY

  • 2.1 SCOPE
  • 2.2 MARKET SIZE ESTIMATION
    • 2.2.1 DEMAND-SIDE ANALYSIS
      • 2.2.1.1 Assumptions
    • 2.2.2 SUPPLY-SIDE ANALYSIS
      • 2.2.2.1 Calculation
    • 2.2.3 FORECAST
    • 2.2.4 SOME OF THE INSIGHTS OF INDUSTRY EXPERTS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES IN THE ELECTRICAL DIGITAL TWIN MARKET
  • 4.2 ELECTRICAL DIGITAL TWIN MARKET, BY DEPLOYMENT TYPE
  • 4.3 ELECTRICAL DIGITAL TWIN MARKET, BY TWIN TYPE
  • 4.4 NORTH AMERICAN ELECTRICAL DIGITAL TWIN MARKET, BY APPLICATION & COUNTRY
  • 4.5 ELECTRICAL DIGITAL TWIN MARKET, BY END-USER
  • 4.6 ELECTRICAL DIGITAL TWIN MARKET, BY REGION

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • 5.2.1 DRIVERS
      • 5.2.1.1 Improved accuracy and efficiency in power sector operations
      • 5.2.1.2 Streamlined integration of renewable energy technologies
      • 5.2.1.3 Reduced unplanned downtime and maintenance costs
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 Deployment challenge and system complexity
      • 5.2.2.2 Data privacy and security concerns
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Growing impact of machine learning and AI on digital twin applications
      • 5.2.3.2 Network level optimization
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Limited support for implementation from stakeholders
      • 5.2.4.2 Lack of skilled talent and workforce

6 ELECTRICAL DIGITAL TWIN MARKET, BY TWIN TYPE

  • 6.1 INTRODUCTION
  • 6.2 DIGITAL GAS & STEAM POWER PLANT
    • 6.2.1 NEED TO REDUCE FUEL CONSUMPTION AND ENVIRONMENTAL EMISSIONS IS DRIVING THE MARKET
  • 6.3 DIGITAL GRID
    • 6.3.1 ABILITY TO INTEGRATE GREATER LEVELS OF RENEWABLE ENERGY RESOURCES IS DRIVING THE MARKET
  • 6.4 DIGITAL WIND FARM
    • 6.4.1 OPTIMIZING OPERATIONS AND IMPROVING THE PERFORMANCE OF A WIND TURBINE ARE DRIVING THE MARKET
  • 6.5 DIGITAL HYDROPOWER PLANT
    • 6.5.1 IMPROVED ASSET LIFE AND HIGHER OPERATIONAL EFFICIENCY ARE DRIVING THE MARKET
  • 6.6 DISTRIBUTED ENERGY RESOURCES
    • 6.6.1 REAL-TIME OPTIMIZATION OF RESOURCES IS DRIVING THE MARKET

7 ELECTRICAL DIGITAL TWIN MARKET, BY APPLICATION

  • 7.1 INTRODUCTION
  • 7.2 ASSET PERFORMANCE MANAGEMENT
    • 7.2.1 RISE IN NEED TO MINIMIZE UNPLANNED OUTAGES ON ASSETS IS EXPECTED TO DRIVE THE ASSET PERFORMANCE MANAGEMENT SEGMENT
      • 7.2.1.1 Equipment health
      • 7.2.1.2 Reliability management
      • 7.2.1.3 Maintenance optimization
  • 7.3 BUSINESS & OPERATIONS OPTIMIZATION
    • 7.3.1 INCREASE IN DEMAND FOR OPERATIONAL EXCELLENCE ACROSS POWER UTILITIES IS EXPECTED TO DRIVE THE BUSINESS & OPERATIONS OPTIMIZATION SEGMENT
      • 7.3.1.1 Operational flexibility
      • 7.3.1.2 Outage management
  • 7.4 DIGITAL TWIN AGGREGATE
    • 7.4.1 CONTINUOUS MONITORING OF POWER PLANT ASSETS IS LIKELY TO DRIVE THE DEMAND FOR DIGITAL TWIN AGGREGATE

8 ELECTRICAL DIGITAL TWIN MARKET, BY DEPLOYMENT TYPE

  • 8.1 INTRODUCTION
  • 8.2 CLOUD
    • 8.2.1 CONTINUOUS MONITORING OF ASSETS THROUGH CLOUD-BASED DEPLOYMENT IS DRIVING THE MARKET
  • 8.3 ON-PREMISES
    • 8.3.1 NEED FOR INCREASED SECURITY IS DRIVING THE MARKET

9 ELECTRICAL DIGITAL TWIN MARKET, BY END-USER

  • 9.1 INTRODUCTION
  • 9.2 UTILITIES
    • 9.2.1 GROWING PENETRATION OF DIGITAL SOLUTIONS IS EXPECTED TO DRIVE THE UTILITIES SEGMENT
    • 9.2.2 FEDERAL UTILITIES
    • 9.2.3 INDEPENDENT POWER PRODUCERS
  • 9.3 GRID INFRASTRUCTURE OPERATORS
    • 9.3.1 RISE IN NEED FOR GRID DIGITALIZATION IS EXPECTED TO DRIVE THE GRID INFRASTRUCTURE OPERATORS SEGMENT

10 ELECTRICAL DIGITAL TWIN MARKET, BY REGION

  • 10.1 INTRODUCTION
  • 10.2 NORTH AMERICA
    • 10.2.1 US
      • 10.2.1.1 Investment in digital technologies and need for renewable energy integration are driving the market
    • 10.2.2 CANADA
      • 10.2.2.1 Need for better outage management and reducing cost of operations are driving the market
    • 10.2.3 MEXICO
      • 10.2.3.1 Investments in renewable energy technologies and need for decarbonization are expected to drive the market
  • 10.3 ASIA PACIFIC
    • 10.3.1 CHINA
      • 10.3.1.1 Need for smooth grid operations due to renewable penetration and electric vehicles is driving the market
    • 10.3.2 JAPAN
      • 10.3.2.1 Need for power sector optimization and rising cost of power are driving the market
    • 10.3.3 AUSTRALIA
      • 10.3.3.1 Grid reliability and energy security are driving the market
    • 10.3.4 REST OF ASIA PACIFIC
      • 10.3.4.1 Higher renewable penetration and better forecasting needs are driving the electrical digital twin market
  • 10.4 EUROPE
    • 10.4.1 GERMANY
      • 10.4.1.1 Need to incorporate higher renewable penetration and ensuring stable grid operations are driving the market
    • 10.4.2 UK
      • 10.4.2.1 Integration challenge of renewables and need to reduce volatile energy prices are driving the market
    • 10.4.3 FRANCE
      • 10.4.3.1 Grid reliability and increasing shift toward renewable energy are driving the market
    • 10.4.4 THE NORDIC COUNTRIES
      • 10.4.4.1 Need for stable interconnected grid is driving the market
    • 10.4.5 REST OF EUROPE
      • 10.4.5.1 Need for sustainable energy and grid operations are driving the electrical digital twin market
  • 10.5 SOUTH AMERICA
    • 10.5.1 BRAZIL
      • 10.5.1.1 Increase in electricity consumption and investments in power generation sources are driving the market
    • 10.5.2 ARGENTINA
      • 10.5.2.1 Focus on reconstructing the electricity market is driving the electrical digital twin market
    • 10.5.3 REST OF SOUTH AMERICA
  • 10.6 MIDDLE EAST & AFRICA
    • 10.6.1 SAUDI ARABIA
      • 10.6.1.1 Integrating renewables to the grid is driving the market
    • 10.6.2 UAE
      • 10.6.2.1 Increasing investments in renewable energy are likely to drive the market
    • 10.6.3 SOUTH AFRICA
      • 10.6.3.1 Rise in demand for asset management is expected to drive the market
    • 10.6.4 REST OF MIDDLE EAST & AFRICA

11 COMPETITIVE LANDSCAPE

  • 11.1 INTRODUCTION
  • 11.2 COMPETITIVE LEADERSHIP MAPPING
    • 11.2.1 VISIONARY LEADERS
    • 11.2.2 INNOVATORS
    • 11.2.3 DYNAMIC
    • 11.2.4 EMERGING
  • 11.3 MARKET SHARE ANALYSIS
  • 11.4 COMPETITIVE SCENARIO
    • 11.4.1 NEW PRODUCT DEVELOPMENTS
    • 11.4.2 MERGERS & ACQUISITIONS
    • 11.4.3 CONTRACTS & AGREEMENTS
    • 11.4.4 EXPANSIONS & INVESTMENTS
    • 11.4.5 OTHERS

12 COMPANY PROFILE

(Business Overview, Products Offered, Recent Developments, and MnM View)*

  • 12.1 ABB
  • 12.2 AVEVA
  • 12.3 EMERSON
  • 12.4 ETTEPLAN
  • 12.5 GE
  • 12.6 SIEMENS
  • 12.7 WIPRO
  • 12.8 SAS INSTITUTE
  • 12.9 ACPD SERVICES
  • 12.10 MICROSOFT
  • 12.11 IBM
  • 12.12 FUJITSU

Details on Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies

13 APPENDIX

  • 13.1 INSIGHTS OF INDUSTRY EXPERTS
  • 13.2 DISCUSSION GUIDE
  • 13.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 13.4 AVAILABLE CUSTOMIZATIONS
  • 13.5 RELATED REPORTS
  • 13.6 AUTHOR DETAILS

LIST OF TABLES

  • TABLE 1: INVESTMENT IN DIGITAL TWIN TECHNOLOGIES AND PROJECTS IS THE MAJOR DETERMINING FACTOR FOR THE ELECTRICAL DIGITAL TWIN MARKET
  • TABLE 2: ELECTRICAL DIGITAL TWIN MARKET SNAPSHOT
  • TABLE 3: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY TWIN TYPE, 2017-2024 (USD MILLION)
  • TABLE 4: DIGITAL GAS & STEAM POWER PLANT: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 5: DIGITAL GRID: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 6: DIGITAL WIND FARM: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 7: DIGITAL HYDROPOWER PLANT: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 8: DISTRIBUTED ENERGY RESOURCES: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 9: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
  • TABLE 10: ASSET PERFORMANCE MANAGEMENT: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 11: BUSINESS & OPERATIONS OPTIMIZATION: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 12: DIGITAL TWIN AGGREGATE: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 13: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY DEPLOYMENT TYPE, 2017-2024 (USD MILLION)
  • TABLE 14: CLOUD: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 15: ON-PREMISES: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 16: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 17: UTILITIES: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 18: GRID INFRASTRUCTURE OPERATORS: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 19: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY REGION, 2017-2024 (USD MILLION)
  • TABLE 20: NORTH AMERICA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY TWIN TYPE, 2017-2024 (USD MILLION)
  • TABLE 21: NORTH AMERICA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
  • TABLE 22: NORTH AMERICA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY DEPLOYMENT TYPE, 2017-2024 (USD MILLION)
  • TABLE 23: NORTH AMERICA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 24: NORTH AMERICA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
  • TABLE 25: US: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 26: CANADA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 27: MEXICO: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 28: ASIA PACIFIC: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY TWIN TYPE, 2017-2024 (USD MILLION)
  • TABLE 29: ASIA PACIFIC: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
  • TABLE 30: ASIA PACIFIC: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY DEPLOYMENT TYPE, 2017-2024 (USD MILLION)
  • TABLE 31: ASIA PACIFIC: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 32: ASIA PACIFIC: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
  • TABLE 33: CHINA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 34: JAPAN: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 35: AUSTRALIA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 36: REST OF ASIA PACIFIC: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 37: EUROPE: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY TWIN TYPE, 2017-2024 (USD MILLION)
  • TABLE 38: EUROPE: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
  • TABLE 39: EUROPE: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY DEPLOYMENT TYPE, 2017-2024 (USD MILLION)
  • TABLE 40: EUROPE: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 41: EUROPE: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
  • TABLE 42: GERMANY: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 43: UK: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 44: FRANCE: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 45: THE NORDIC COUNTRIES: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 46: REST OF EUROPE: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 47: SOUTH AMERICA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY TWIN TYPE, 2017-2024 (USD MILLION)
  • TABLE 48: SOUTH AMERICA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
  • TABLE 49: SOUTH AMERICA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY DEPLOYMENT TYPE, 2017-2024 (USD MILLION)
  • TABLE 50: SOUTH AMERICA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 51: SOUTH AMERICA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
  • TABLE 52: BRAZIL: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 53: ARGENTINA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 54: REST OF SOUTH AMERICA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 55: MIDDLE EAST & AFRICA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY TWIN TYPE, 2017-2024 (USD MILLION)
  • TABLE 56: MIDDLE EAST & AFRICA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY APPLICATION, 2017-2024 (USD MILLION)
  • TABLE 57: MIDDLE EAST & AFRICA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY DEPLOYMENT TYPE, 2017-2024 (USD MILLION)
  • TABLE 58: MIDDLE EAST & AFRICA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 59: MIDDLE EAST & AFRICA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY COUNTRY, 2017-2024 (USD MILLION)
  • TABLE 60: SAUDI ARABIA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 61: UAE: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 62: SOUTH AFRICA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)
  • TABLE 63: REST OF MIDDLE EAST & AFRICA: ELECTRICAL DIGITAL TWIN MARKET SIZE, BY END-USER, 2017-2024 (USD MILLION)

LIST OF FIGURES

  • FIGURE 1: NORTH AMERICA DOMINATED THE ELECTRICAL DIGITAL TWIN MARKET, BY REGION, IN 2018
  • FIGURE 2: DIGITAL GAS & STEAM POWER PLANT SEGMENT IS EXPECTED TO HOLD THE LARGEST SHARE OF THE ELECTRICAL DIGITAL TWIN MARKET, BY TWIN TYPE, DURING THE FORECAST PERIOD
  • FIGURE 3: ASSET PERFORMANCE MANAGEMENT SEGMENT IS EXPECTED TO LEAD THE ELECTRICAL DIGITAL TWIN MARKET, BY APPLICATION, DURING THE FORECAST PERIOD
  • FIGURE 4: ON-PREMISES SEGMENT IS EXPECTED TO LEAD THE ELECTRICAL DIGITAL TWIN MARKET, BY DEPLOYMENT TYPE, DURING THE FORECAST PERIOD
  • FIGURE 5: UTILITIES SEGMENT IS EXPECTED TO LEAD THE ELECTRICAL DIGITAL TWIN MARKET, BY END-USER, DURING THE FORECAST PERIOD
  • FIGURE 6: IMPROVED ACCURACY AND EFFICIENCY IN POWER SECTOR OPERATIONS IS DRIVING THE ELECTRICAL DIGITAL TWIN MARKET
  • FIGURE 7: ON-PREMISES SEGMENT IS EXPECTED TO DOMINATE THE ELECTRICAL DIGITAL TWIN MARKET, BY DEPLOYMENT TYPE, DURING THE FORECAST PERIOD
  • FIGURE 8: DIGITAL GAS & STEAM POWER PLANT SEGMENT IS EXPECTED TO DOMINATE THE ELECTRICAL DIGITAL TWIN MARKET, BY TWIN TYPE, DURING THE FORECAST PERIOD
  • FIGURE 9: ASSET PERFORMANCE MANAGEMENT AND THE US DOMINATED THE NORTH AMERICAN ELECTRICAL DIGITAL TWIN MARKET IN 2018
  • FIGURE 10: UTILITIES SEGMENT IS EXPECTED TO DOMINATE THE ELECTRICAL DIGITAL TWIN MARKET, BY END-USER, DURING THE FORECAST PERIOD
  • FIGURE 11: NORTH AMERICAN ELECTRICAL DIGITAL TWIN MARKET IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
  • FIGURE 13: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 14: GLOBAL RENEWABLE ENERGY SHARE IN THE GENERATION MIX, 2016-2023
  • FIGURE 15: RENEWABLE ENERGY CONSUMPTION, BY TECHNOLOGY, 2017-2023
  • FIGURE 16: ELECTRICAL DIGITAL TWIN MARKET, BY TWIN TYPE, 2019-2024 (USD MILLION)
  • FIGURE 17: RENEWABLE ENERGY CAPACITY ADDITION, BY TECHNOLOGY, 2015-2018 (IN GW)
  • FIGURE 18: ASSET PERFORMANCE MANAGEMENT SEGMENT LED THE ELECTRICAL DIGITAL TWIN MARKET, BY APPLICATION, IN 2018
  • FIGURE 19: ON-PREMISES SEGMENT LED THE ELECTRICAL DIGITAL TWIN MARKET, BY DEPLOYMENT TYPE, IN 2018
  • FIGURE 20: UTILITIES SEGMENT LED THE ELECTRICAL DIGITAL TWIN MARKET, BY END-USER, IN 2018 (USD MILLION)
  • FIGURE 21: REGIONAL SNAPSHOT: THE NORTH AMERICAN MARKET IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
  • FIGURE 22: ELECTRICAL DIGITAL TWIN MARKET SHARE (VALUE), BY REGION, 2018
  • FIGURE 23: NORTH AMERICA: REGIONAL SNAPSHOT
  • FIGURE 24: EUROPE: REGIONAL SNAPSHOT
  • FIGURE 25: KEY DEVELOPMENTS IN THE ELECTRICAL DIGITAL TWIN MARKET, NOVEMBER 2016-APRIL 2019
  • FIGURE 26: ELECTRICAL DIGITAL TWIN (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2018
  • FIGURE 27: RANKING OF KEY PLAYERS, 2018
  • FIGURE 28: ABB: COMPANY SNAPSHOT
  • FIGURE 29: AVEVA: COMPANY SNAPSHOT
  • FIGURE 30: EMERSON: COMPANY SNAPSHOT
  • FIGURE 31: ETTEPLAN: COMPANY SNAPSHOT
  • FIGURE 32: GE: COMPANY SNAPSHOT
  • FIGURE 33: SIEMENS: COMPANY SNAPSHOT
  • FIGURE 34: WIPRO: COMPANY SNAPSHOT
  • FIGURE 35: MICROSOFT: COMPANY SNAPSHOT
  • FIGURE 36: IBM: COMPANY SNAPSHOT
  • FIGURE 37: FUJITSU: COMPANY SNAPSHOT
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