Global Electrical Digital Twin Market – Industry Trends and Forecast to 2029

시장 분석 및 규모

전 세계의 유틸리티 및 그리드 인프라 운영자는 재생 에너지 기술을 운영 믹스에 통합하는 것을 간소화하기 위해 전기 디지털 트윈과 같은 디지털 기술로 점점 더 전환하고 있습니다. 게다가 전기 디지털 트윈 시장은 사물 인터넷(IoT) 및 디지털 트윈 애플리케이션을 위한 클라우드와 같은 혁신적인 기술의 수용이 증가하고 항공우주 및 방위, 의료, 자동차, 운송과 같은 산업에서 디지털 트윈에 대한 매력적인 전망이 생겨나면서 크게 추진력을 얻었습니다. 이러한 요인은 예측 기간 동안 시장 성장에 유리할 것입니다.

글로벌 전기 디지털 트윈 시장은 2021년에 8억 2,000만 달러로 평가되었으며, 2029년까지 21억 394만 달러에 도달할 것으로 예상되며, 2022-2029년 예측 기간 동안 12.50%의 CAGR을 기록할 것으로 예상됩니다. Data Bridge Market Research 팀이 큐레이팅한 시장 보고서에는 기술 발전, 규제 프레임워크, PESTEL, 포터의 5가지 힘 분석, 산업 표준-한눈에 보기, 원자재 비용/운영 지출-개요, 공급망 분석, 공급업체 선택 기준, 가격 분석, 생산 분석, 기후 사슬 시나리오가 포함됩니다.

시장 정의

전기 디지털 트윈은 유틸리티가 데이터 유지 관리 및 교환을 간소화할 수 있도록 합니다. 다양한 시스템의 데이터는 동기화된 다음 표준 기반 어댑터 ​​또는 인터페이스를 사용하여 단일 다중 사용자 데이터베이스로 표준화됩니다. 이는 본질적으로 수명 주기에 걸쳐 있는 객체 또는 시스템의 가상 표현이며 실시간 데이터를 사용하여 업데이트되고 시뮬레이션, 머신 러닝 및 추론을 사용하여 의사 결정을 지원합니다.

보고 범위 및 시장 세분화

전기 디지털 트윈 시장 동향

이 섹션에서는 시장 동인, 이점, 기회, 제약 및 과제를 이해하는 것을 다룹니다. 이 모든 내용은 아래와 같이 자세히 논의됩니다.

운전자

• 가변형 재생에너지 통합

풍력 및 태양광 PV와 같은 재생 에너지 기술은 증가하는 에너지 수요를 충족하는 동시에 전력 부문의 탈탄소화에 중요합니다. 전 세계 정부는 재생 에너지원을 사용하여 전력망의 장기적 탈탄소화를 지원하기 위한 정책과 재정적 인센티브를 수립했습니다. 국제 에너지 기구에 따르면 재생 에너지는 2019년 27%에서 2020년 29%를 차지할 것으로 예상됩니다. 재생 에너지 발전은 2021년 8% 증가하여 8,300TWh에 이를 것으로 예상됩니다. COVID-19 팬데믹이 전력 산업을 혼란에 빠뜨렸지만, 재생 에너지에 대한 글로벌 자본 지출은 2019년 대비 2020년에 약 7% 증가했습니다. 결과적으로 재생 에너지 수요의 급증은 가변 재생 에너지의 통합을 더욱 필요로 하며, 이는 전기 디지털 트윈 시장에 대한 수요를 더욱 증가시킵니다.

• 의료 분야 전반의 수요 증가

의료 분야는 운영을 개선하고 최적화하기 위해 디지털 트윈을 광범위하게 구현하고 있습니다. 디지털 트윈은 환자의 건강, 태블릿 의 영향 및 기타 매개변수를 모니터링하는 데 유용합니다. 동적이며 물리적 자산, 시스템 또는 프로세스에서 실시간 업데이트를 받기 때문에 의료 산업에서 널리 사용됩니다. 다양한 생체 지표, 건강 상태 및 약물, 치료 및 주변 환경에 대한 반응과 관련하여 개인으로부터 지속적인 데이터를 수집하는 데 도움이 됩니다. 또한 의사와 환자의 이동 및 시스템, 자산 및 사람의 실시간 위치 추적과 같은 병원 시설의 여러 측면을 모델링합니다. 이러한 요소가 시장을 앞으로 나아가게 하고 있습니다.

Furthermore, the decentralization of distributed energy resources using electrical digital twin is also anticipated to boost the market growth over the forecast period. In addition to this, the factors such as the increase in efficiency and optimization of operations of power sector coupled with the reduction in unplanned downtime and operation as well as the maintenance costs are also driving the global market.

Opportunities

• Energy 4.0's Emergence

The various electric utilities around the world have begun to incorporate the Industrial Internet of Things (IIoT), machine learning, artificial intelligence (AI), and cloud computing into their operations. The increased incorporation can be attributed for utilization across applications such as asset performance monitoring and management, smart metering, predictive and prescriptive maintenance, operations and automation of distributed energy resources (DER), and planning and analysis of fluctuations in decentralized renewable generation systems. Moreover, these technologies aid in the prevention of power mismanagement, inefficiency, and a lack of transparency, while also increasing the use of renewable energy sources. Utilities experts and technology vendors have begun to refer to this trend as Energy 4.0 in order to emphasize the magnitude of the digital transformation that these technologies will bring to the electrical power industry. Therefore, the emergence of energy 4.0 is estimated to further extend profitable opportunities to the market players in the forecast period of 2022 to 2029.

• Research and Development for Cutting-Edge Technologies

Additionally, the increased research and development (R&D) activities in the Internet of Things (IoT) and Industrial Internet of Things (IIoT) fields due to high demand for efficient and cost-effective power utility technologies are estimated to further provide growth opportunities for the electrical digital twin market.

Restraints/Challenges

• System Complexities

An electrical digital twin should be able to model simple and complex objects as well as their relationships by accurately capturing physical properties and simulating behaviors. The development of an electrical digital twin necessitates multiple inputs from operators such as facility managers, design engineers, electrical engineers, equipment vendors, and other parties, which adds to the deployment's complexity. Another difficulty stems from the complexity of the physical item to be replicated. Therefore, to maintain a digital twin, operators must establish the necessary technology infrastructure, such as robust Internet of Things (IoT) deployments and simulation platforms, as well as integrate data sources across departments and Internet of Things (IoT) contextual systems. These factors limit the widespread adoption of electrical digital twins by various power industry stakeholders, thus creating global market growth hindrances.

• Limited Support For Deployment from Stakeholders

The market has been witnessing resistance amongst power sector stakeholders regarding the adoption. The is due to the various perceived risks associated with the electrical digital twin, such as complexity of digital twin deployment, potential upfront costs, and uncertainty about successful outcomes following their integration. This factor is estimated to pose as a serious challenge to the growth of the electrical digital twin market.

This electrical digital twin market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the electrical digital twin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Electrical Digital Twin Market

The recent outbreak of coronavirus had a negative impact on the electrical digital twin market, as it posed numerous challenges to the global power industry, including reduced and remote workforces, lower commercial energy demand, increased customer calls, and the use of digital and self-service channels during lockdowns. The decrease in energy demand posed a number of technical challenges, including voltage management, demand forecasting, and reactive level management to avoid hazards such as reactive shunts at distribution levels.

On the other hand, despite the pandemic posing numerous challenges to the global power industry, it has also accelerated market growth. The shift in working patterns caused by COVID-19-induced restrictions has boosted utilities' and grid operators' digital transformation efforts. Increasing investments in digital solutions, such as electrical digital twins, would allow businesses to maintain resilient supply chains, operations, and customer management while also reducing the load on their workforces. The use of digital twins enabled data flow, providing a complete picture of grid health and stability during the lockdowns. It also made distributed and mobile geospatial information available to the field workforce, allowing field engineers to find up-to-date information on the location and condition of nearby network assets. Moreover, it has also accelerated the digital transformation of utilities, creating numerous opportunities for emerging technologies such as electrical digital twins. The implementation of electrical digital twins improves workforce productivity and operational flexibility, which is likely to provide utilities with high growth opportunities.

Recent Development

• In December 2020, Emerson agreed to modernize and optimize its Magnolia power plant with Tennessee Valley Authority. Emerson will provide the Ovation automation system and software, as well as digital twin technologies, in order to enable advanced operations, cybersecurity, and digital twin-enabled training.
• In December 2020, ABB and Corys collaborated to develop digital twin modelling and simulation technology for the energy and process industries using the ABB Ability 800xA Simulator and the Indiss Plus process modelling simulator. The agreement reflects ABB and CORYS' strategic collaboration, with both companies committed to delivering advanced digital twin technology to help customers reduce capital and operational costs and risks.

Global Electrical Digital Twin Market Scope

The electrical digital twin market is segmented on the basis of type, twin type, deployment type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Product Digital Twin
• Process Digital Twin
• System Digital Twin

Twin Type

• Digital Gas and Steam Power Plant
• Digital Wind Farm, Digital Grid
• Digital Hydropower Plant
• Distributed Energy Resources

Deployment Type

• Cloud
• On-premises

Application

• Asset Performance Management
• Business and Operations Optimization

End User

• Utilities
• Grid Infrastructure Operators

Electrical Digital Twin Market Regional Analysis/Insights

The electrical digital twin market is analyzed and market size insights and trends are provided by country, type, twin type, deployment type, application and end user as referenced above.

The countries covered in the electrical digital twin market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Poland, Norway, Finland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Nigeria, Algeria, Angola, Ghana, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the electrical digital twin market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. The increased growth of the market is attributed to the high economic growth and a large presence of vendors offering digital twins within the region in the forecast period of 2022 to 2029.

Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022 to 2029 due to the dense population, rising per capita income as a result of large-scale industrialization and urbanization along with the increased adoption of internet of things (IoT) are driving the growth of the digital twin market.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Electrical Digital Twin Market Share Analysis

The electrical digital twin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electrical digital twin market.

Some of the major players operating in the electrical digital twin market are

• General Electric (U.S.)
• Siemens (Germany)
• ABB (Switzerland)
• Emerson Electric Co.  (U.S.)
• AVEVA Group plc (UK)
• Schneider Electric (France)
• Microsoft (U.S.)
• Wipro Limited (India)
• SAS Institute (U.S.)
• SAP (Germany)
• IBM (U.S.)
• ANSYS (U.S.),
• Oracle (U.S.)
• Robert Bosch GmbH (Germany)
• BENTLEY SYSTEMS, INCORPORATED (U.S.)
• Etteplan Oyj (Finland)
• Fujitsu (Japan)
• ACPD Services Ltd (UK)

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