Market Executive Summary
The global market for Electrical Digital Twin was estimated to be worth US$ 3853.2 million in 2023 and is forecast to a readjusted size of US$ 13510 million by 2030 with a CAGR of 19.4% during the forecast period 2024-2030.
The industry's leading producers are General Electric, PTC and Siemens, with revenues of 31.51%, 9.26% and 26.46% respectively in 2019.
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.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Electrical Digital Twin, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Electrical Digital Twin by region & country, by Type, and by Application.
The Electrical Digital Twin market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electrical Digital Twin.
Global Electrical Digital Twin Companies Covered
General Electric, PTC, Siemens, Dassault Systemes, IBM Corporation, ANSYS, Microsoft Corporation, Oracle Corporation.
Global Electrical Digital Twin Market, Segment by Type
Parts Twin
Product Twin
Process Twin
System Twin
Global Electrical Digital Twin Market, Segment by Application
Aerospace and Defense
Automotive and Transportation
Machine Manufacturing
Energy and Utilities
Others
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Electrical Digital Twin manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Electrical Digital Twin in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Electrical Digital Twin in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
1.1 Electrical Digital Twin Product Introduction
1.2 Global Electrical Digital Twin Market Size Forecast
1.3 Electrical Digital Twin Market Trends & Drivers
1.3.1 Electrical Digital Twin Industry Trends
1.3.2 Electrical Digital Twin Market Drivers & Opportunity
1.3.3 Electrical Digital Twin Market Challenges
1.3.4 Electrical Digital Twin Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Electrical Digital Twin Players Revenue Ranking (2023)
2.2 Global Electrical Digital Twin Revenue by Company (2019-2024)
2.3 Key Companies Electrical Digital Twin Manufacturing Base Distribution and Headquarters
2.4 Key Companies Electrical Digital Twin Product Offered
2.5 Key Companies Time to Begin Mass Production of Electrical Digital Twin
2.6 Electrical Digital Twin Market Competitive Analysis
2.6.1 Electrical Digital Twin Market Concentration Rate (2019-2024)
2.6.2 Global 5 and 10 Largest Companies by Electrical Digital Twin Revenue in 2023
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Electrical Digital Twin as of 2023)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Parts Twin
3.1.2 Product Twin
3.1.3 Process Twin
3.1.4 System Twin
3.2 Global Electrical Digital Twin Sales Value by Type
3.2.1 Global Electrical Digital Twin Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Electrical Digital Twin Sales Value, by Type (2019-2030)
3.2.3 Global Electrical Digital Twin Sales Value, by Type (%) (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Aerospace and Defense
4.1.2 Automotive and Transportation
4.1.3 Machine Manufacturing
4.1.4 Energy and Utilities
4.1.5 Others
4.2 Global Electrical Digital Twin Sales Value by Application
4.2.1 Global Electrical Digital Twin Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Electrical Digital Twin Sales Value, by Application (2019-2030)
4.2.3 Global Electrical Digital Twin Sales Value, by Application (%) (2019-2030)
5 Segmentation by Region
5.1 Global Electrical Digital Twin Sales Value by Region
5.1.1 Global Electrical Digital Twin Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Electrical Digital Twin Sales Value by Region (2019-2024)
5.1.3 Global Electrical Digital Twin Sales Value by Region (2025-2030)
5.1.4 Global Electrical Digital Twin Sales Value by Region (%), (2019-2030)
5.2 North America
5.2.1 North America Electrical Digital Twin Sales Value, 2019-2030
5.2.2 North America Electrical Digital Twin Sales Value by Country (%), 2023 VS 2030
5.3 Europe
5.3.1 Europe Electrical Digital Twin Sales Value, 2019-2030
5.3.2 Europe Electrical Digital Twin Sales Value by Country (%), 2023 VS 2030
5.4 Asia Pacific
5.4.1 Asia Pacific Electrical Digital Twin Sales Value, 2019-2030
5.4.2 Asia Pacific Electrical Digital Twin Sales Value by Country (%), 2023 VS 2030
5.5 South America
5.5.1 South America Electrical Digital Twin Sales Value, 2019-2030
5.5.2 South America Electrical Digital Twin Sales Value by Country (%), 2023 VS 2030
5.6 Middle East & Africa
5.6.1 Middle East & Africa Electrical Digital Twin Sales Value, 2019-2030
5.6.2 Middle East & Africa Electrical Digital Twin Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Electrical Digital Twin Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Electrical Digital Twin Sales Value
6.3 United States
6.3.1 United States Electrical Digital Twin Sales Value, 2019-2030
6.3.2 United States Electrical Digital Twin Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Electrical Digital Twin Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Electrical Digital Twin Sales Value, 2019-2030
6.4.2 Europe Electrical Digital Twin Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Electrical Digital Twin Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Electrical Digital Twin Sales Value, 2019-2030
6.5.2 China Electrical Digital Twin Sales Value by Type (%), 2023 VS 2030
6.5.3 China Electrical Digital Twin Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Electrical Digital Twin Sales Value, 2019-2030
6.6.2 Japan Electrical Digital Twin Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Electrical Digital Twin Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Electrical Digital Twin Sales Value, 2019-2030
6.7.2 South Korea Electrical Digital Twin Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Electrical Digital Twin Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Electrical Digital Twin Sales Value, 2019-2030
6.8.2 Southeast Asia Electrical Digital Twin Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Electrical Digital Twin Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Electrical Digital Twin Sales Value, 2019-2030
6.9.2 India Electrical Digital Twin Sales Value by Type (%), 2023 VS 2030
6.9.3 India Electrical Digital Twin Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 General Electric
7.1.1 General Electric Profile
7.1.2 General Electric Main Business
7.1.3 General Electric Electrical Digital Twin Products, Services and Solutions
7.1.4 General Electric Electrical Digital Twin Revenue (US$ Million) & (2019-2024)
7.1.5 General Electric Recent Developments
7.2 PTC
7.2.1 PTC Profile
7.2.2 PTC Main Business
7.2.3 PTC Electrical Digital Twin Products, Services and Solutions
7.2.4 PTC Electrical Digital Twin Revenue (US$ Million) & (2019-2024)
7.2.5 PTC Recent Developments
7.3 Siemens
7.3.1 Siemens Profile
7.3.2 Siemens Main Business
7.3.3 Siemens Electrical Digital Twin Products, Services and Solutions
7.3.4 Siemens Electrical Digital Twin Revenue (US$ Million) & (2019-2024)
7.3.5 Dassault Systemes Recent Developments
7.4 Dassault Systemes
7.4.1 Dassault Systemes Profile
7.4.2 Dassault Systemes Main Business
7.4.3 Dassault Systemes Electrical Digital Twin Products, Services and Solutions
7.4.4 Dassault Systemes Electrical Digital Twin Revenue (US$ Million) & (2019-2024)
7.4.5 Dassault Systemes Recent Developments
7.5 IBM Corporation
7.5.1 IBM Corporation Profile
7.5.2 IBM Corporation Main Business
7.5.3 IBM Corporation Electrical Digital Twin Products, Services and Solutions
7.5.4 IBM Corporation Electrical Digital Twin Revenue (US$ Million) & (2019-2024)
7.5.5 IBM Corporation Recent Developments
7.6 ANSYS
7.6.1 ANSYS Profile
7.6.2 ANSYS Main Business
7.6.3 ANSYS Electrical Digital Twin Products, Services and Solutions
7.6.4 ANSYS Electrical Digital Twin Revenue (US$ Million) & (2019-2024)
7.6.5 ANSYS Recent Developments
7.7 Microsoft Corporation
7.7.1 Microsoft Corporation Profile
7.7.2 Microsoft Corporation Main Business
7.7.3 Microsoft Corporation Electrical Digital Twin Products, Services and Solutions
7.7.4 Microsoft Corporation Electrical Digital Twin Revenue (US$ Million) & (2019-2024)
7.7.5 Microsoft Corporation Recent Developments
7.8 Oracle Corporation
7.8.1 Oracle Corporation Profile
7.8.2 Oracle Corporation Main Business
7.8.3 Oracle Corporation Electrical Digital Twin Products, Services and Solutions
7.8.4 Oracle Corporation Electrical Digital Twin Revenue (US$ Million) & (2019-2024)
7.8.5 Oracle Corporation Recent Developments
8 Industry Chain Analysis
8.1 Electrical Digital Twin Industrial Chain
8.2 Electrical Digital Twin Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Electrical Digital Twin Sales Model
8.5.2 Sales Channel
8.5.3 Electrical Digital Twin Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
List of Figures
List of Tables
Table 1. Electrical Digital Twin Market Trends
Table 2. Electrical Digital Twin Market Drivers & Opportunity
Table 3. Electrical Digital Twin Market Challenges
Table 4. Electrical Digital Twin Market Restraints
Table 5. Global Electrical Digital Twin Revenue by Company (2019-2024) & (US$ Million)
Table 6. Global Electrical Digital Twin Revenue Market Share by Company (2019-2024)
Table 7. Key Companies Electrical Digital Twin Manufacturing Base Distribution and Headquarters
Table 8. Key Companies Electrical Digital Twin Product Type
Table 9. Key Companies Time to Begin Mass Production of Electrical Digital Twin
Table 10. Global Electrical Digital Twin Companies Market Concentration Ratio (CR5 and HHI)
Table 11. Global Top Companies Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Electrical Digital Twin as of 2023)
Table 12. Mergers & Acquisitions, Expansion Plans
Table 13. Global Electrical Digital Twin Sales Value by Type: 2019 VS 2023 VS 2030 (US$ Million)
Table 14. Global Electrical Digital Twin Sales Value by Type (2019-2024) & (US$ Million)
Table 15. Global Electrical Digital Twin Sales Value by Type (2025-2030) & (US$ Million)
Table 16. Global Electrical Digital Twin Sales Market Share in Value by Type (2019-2024) & (%)
Table 17. Global Electrical Digital Twin Sales Market Share in Value by Type (2025-2030) & (%)
Table 18. Global Electrical Digital Twin Sales Value by Application: 2019 VS 2023 VS 2030 (US$ Million)
Table 19. Global Electrical Digital Twin Sales Value by Application (2019-2024) & (US$ Million)
Table 20. Global Electrical Digital Twin Sales Value by Application (2025-2030) & (US$ Million)
Table 21. Global Electrical Digital Twin Sales Market Share in Value by Application (2019-2024) & (%)
Table 22. Global Electrical Digital Twin Sales Market Share in Value by Application (2025-2030) & (%)
Table 23. Global Electrical Digital Twin Sales Value by Region: 2019 VS 2023 VS 2030 (US$ Million)
Table 24. Global Electrical Digital Twin Sales Value by Region (2019-2024) & (US$ Million)
Table 25. Global Electrical Digital Twin Sales Value by Region (2025-2030) & (US$ Million)
Table 26. Global Electrical Digital Twin Sales Value by Region (2019-2024) & (%)
Table 27. Global Electrical Digital Twin Sales Value by Region (2025-2030) & (%)
Table 28. Key Countries/Regions Electrical Digital Twin Sales Value Growth Trends, (US$ Million): 2019 VS 2023 VS 2030
Table 29. Key Countries/Regions Electrical Digital Twin Sales Value, (2019-2024) & (US$ Million)
Table 30. Key Countries/Regions Electrical Digital Twin Sales Value, (2025-2030) & (US$ Million)
Table 31. General Electric Basic Information List
Table 32. General Electric Description and Business Overview
Table 33. General Electric Electrical Digital Twin Products, Services and Solutions
Table 34. Revenue (US$ Million) in Electrical Digital Twin Business of General Electric (2019-2024)
Table 35. General Electric Recent Developments
Table 36. PTC Basic Information List
Table 37. PTC Description and Business Overview
Table 38. PTC Electrical Digital Twin Products, Services and Solutions
Table 39. Revenue (US$ Million) in Electrical Digital Twin Business of PTC (2019-2024)
Table 40. PTC Recent Developments
Table 41. Siemens Basic Information List
Table 42. Siemens Description and Business Overview
Table 43. Siemens Electrical Digital Twin Products, Services and Solutions
Table 44. Revenue (US$ Million) in Electrical Digital Twin Business of Siemens (2019-2024)
Table 45. Siemens Recent Developments
Table 46. Dassault Systemes Basic Information List
Table 47. Dassault Systemes Description and Business Overview
Table 48. Dassault Systemes Electrical Digital Twin Products, Services and Solutions
Table 49. Revenue (US$ Million) in Electrical Digital Twin Business of Dassault Systemes (2019-2024)
Table 50. Dassault Systemes Recent Developments
Table 51. IBM Corporation Basic Information List
Table 52. IBM Corporation Description and Business Overview
Table 53. IBM Corporation Electrical Digital Twin Products, Services and Solutions
Table 54. Revenue (US$ Million) in Electrical Digital Twin Business of IBM Corporation (2019-2024)
Table 55. IBM Corporation Recent Developments
Table 56. ANSYS Basic Information List
Table 57. ANSYS Description and Business Overview
Table 58. ANSYS Electrical Digital Twin Products, Services and Solutions
Table 59. Revenue (US$ Million) in Electrical Digital Twin Business of ANSYS (2019-2024)
Table 60. ANSYS Recent Developments
Table 61. Microsoft Corporation Basic Information List
Table 62. Microsoft Corporation Description and Business Overview
Table 63. Microsoft Corporation Electrical Digital Twin Products, Services and Solutions
Table 64. Revenue (US$ Million) in Electrical Digital Twin Business of Microsoft Corporation (2019-2024)
Table 65. Microsoft Corporation Recent Developments
Table 66. Oracle Corporation Basic Information List
Table 67. Oracle Corporation Description and Business Overview
Table 68. Oracle Corporation Electrical Digital Twin Products, Services and Solutions
Table 69. Revenue (US$ Million) in Electrical Digital Twin Business of Oracle Corporation (2019-2024)
Table 70. Oracle Corporation Recent Developments
Table 71. Key Raw Materials Lists
Table 72. Raw Materials Key Suppliers Lists
Table 73. Electrical Digital Twin Downstream Customers
Table 74. Electrical Digital Twin Distributors List
Table 75. Research Programs/Design for This Report
Table 76. Key Data Information from Secondary Sources
Table 77. Key Data Information from Primary Sources
Table 78. Business Unit and Senior & Team Lead Analysts
List of Figures
Figure 1. Electrical Digital Twin Product Picture
Figure 2. Global Electrical Digital Twin Sales Value, 2019 VS 2023 VS 2030 (US$ Million)
Figure 3. Global Electrical Digital Twin Sales Value (2019-2030) & (US$ Million)
Figure 4. Electrical Digital Twin Report Years Considered
Figure 5. Global Electrical Digital Twin Players Revenue Ranking (2023) & (US$ Million)
Figure 6. The 5 and 10 Largest Manufacturers in the World: Market Share by Electrical Digital Twin Revenue in 2023
Figure 7. Electrical Digital Twin Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2019 VS 2023
Figure 8. Parts Twin Picture
Figure 9. Product Twin Picture
Figure 10. Process Twin Picture
Figure 11. System Twin Picture
Figure 12. Global Electrical Digital Twin Sales Value by Type (2019 VS 2023 VS 2030) & (US$ Million)
Figure 13. Global Electrical Digital Twin Sales Value Market Share by Type, 2023 & 2030
Figure 14. Product Picture of Aerospace and Defense
Figure 15. Product Picture of Automotive and Transportation
Figure 16. Product Picture of Machine Manufacturing
Figure 17. Product Picture of Energy and Utilities
Figure 18. Product Picture of Others
Figure 19. Global Electrical Digital Twin Sales Value by Application (2019 VS 2023 VS 2030) & (US$ Million)
Figure 20. Global Electrical Digital Twin Sales Value Market Share by Application, 2023 & 2030
Figure 21. North America Electrical Digital Twin Sales Value (2019-2030) & (US$ Million)
Figure 22. North America Electrical Digital Twin Sales Value by Country (%), 2023 VS 2030
Figure 23. Europe Electrical Digital Twin Sales Value (2019-2030) & (US$ Million)
Figure 24. Europe Electrical Digital Twin Sales Value by Country (%), 2023 VS 2030
Figure 25. Asia Pacific Electrical Digital Twin Sales Value (2019-2030) & (US$ Million)
Figure 26. Asia Pacific Electrical Digital Twin Sales Value by Country (%), 2023 VS 2030
Figure 27. South America Electrical Digital Twin Sales Value (2019-2030) & (US$ Million)
Figure 28. South America Electrical Digital Twin Sales Value by Country (%), 2023 VS 2030
Figure 29. Middle East & Africa Electrical Digital Twin Sales Value (2019-2030) & (US$ Million)
Figure 30. Middle East & Africa Electrical Digital Twin Sales Value by Country (%), 2023 VS 2030
Figure 31. Key Countries/Regions Electrical Digital Twin Sales Value (%), (2019-2030)
Figure 32. United States Electrical Digital Twin Sales Value, (2019-2030) & (US$ Million)
Figure 33. United States Electrical Digital Twin Sales Value by Type (%), 2023 VS 2030
Figure 34. United States Electrical Digital Twin Sales Value by Application (%), 2023 VS 2030
Figure 35. Europe Electrical Digital Twin Sales Value, (2019-2030) & (US$ Million)
Figure 36. Europe Electrical Digital Twin Sales Value by Type (%), 2023 VS 2030
Figure 37. Europe Electrical Digital Twin Sales Value by Application (%), 2023 VS 2030
Figure 38. China Electrical Digital Twin Sales Value, (2019-2030) & (US$ Million)
Figure 39. China Electrical Digital Twin Sales Value by Type (%), 2023 VS 2030
Figure 40. China Electrical Digital Twin Sales Value by Application (%), 2023 VS 2030
Figure 41. Japan Electrical Digital Twin Sales Value, (2019-2030) & (US$ Million)
Figure 42. Japan Electrical Digital Twin Sales Value by Type (%), 2023 VS 2030
Figure 43. Japan Electrical Digital Twin Sales Value by Application (%), 2023 VS 2030
Figure 44. South Korea Electrical Digital Twin Sales Value, (2019-2030) & (US$ Million)
Figure 45. South Korea Electrical Digital Twin Sales Value by Type (%), 2023 VS 2030
Figure 46. South Korea Electrical Digital Twin Sales Value by Application (%), 2023 VS 2030
Figure 47. Southeast Asia Electrical Digital Twin Sales Value, (2019-2030) & (US$ Million)
Figure 48. Southeast Asia Electrical Digital Twin Sales Value by Type (%), 2023 VS 2030
Figure 49. Southeast Asia Electrical Digital Twin Sales Value by Application (%), 2023 VS 2030
Figure 50. India Electrical Digital Twin Sales Value, (2019-2030) & (US$ Million)
Figure 51. India Electrical Digital Twin Sales Value by Type (%), 2023 VS 2030
Figure 52. India Electrical Digital Twin Sales Value by Application (%), 2023 VS 2030
Figure 53. Electrical Digital Twin Industrial Chain
Figure 54. Electrical Digital Twin Manufacturing Cost Structure
Figure 55. Channels of Distribution (Direct Sales, and Distribution)
Figure 56. Bottom-up and Top-down Approaches for This Report
Figure 57. Data Triangulation
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