Global Electrical Digital Twin Market Research Report: Forecast (2024-2030)

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Global Electrical Digital Twin Market Research
Report Forecast (2024-2030)
UPDATED SAMPLE 2024-30
MARKNTEL ADVISORS
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Company Overviews
MarkNtel Advisors is a leading consulting, data
analytics, and market research firm that provides
an extensive range of strategic reports on
diverse industry verticals. We being a
qualitative quantitative research company,
strive to deliver data to a substantial varied
client base, including multinational
corporations, financial institutions,
governments, and individuals, among others. We
have our existence across the market for many
years and have conducted multi-industry research
across 80 countries, spreading our reach across
numerous regions like America, Asia-Pacific,
Europe, the Middle East Africa, etc., and many
countries across the regional scale, namely, the
US, India, the Netherlands, Saudi Arabia, the
UAE, Brazil, and several others.
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Our Vision and Mission
Our Vision
Our Mission
We help our investors to establish robust
strategies for the implementation of best
practices to overcome challenges tap new
opportunities for their growth in the industry.
Our goal is to benefit individuals communities
by working with our clients in diverse ways. We
understand that making durable, substantial, and
unique improvements in the overall performance
and establishing oneself comes with great
backstories for firms. Hence, MarkNtel Advisors
aims to put together values that reflect
adherence to professional standards. Our core
values revolve around putting the interests
requirements of our clients ahead of our
organization delivering exceptional services
while maintaining utmost professionalism. We
believe in preserving the confidence of our users
maintaining an independent perspective while
utilizing resources intelligently
cost-effectively, creating abiding associations
based on trust.
Our team entails professional analysts and
researchers who intelligently utilize research
techniques to procure detail-driven, unbiased,
and reliable data encompassing the industry. We
aim to nurture a result-oriented team to offer
strategically-moving insights to our clients.
Our fact-based reports allow the user to design
their motives, funds, and strategies, with a
higher focus on mitigating confusion and bringing
forward a clear insight into the industry. It
further allows the clients to identify the
lucrative opportunities awaiting. Insights
offered by MarkNtel Advisors comprise in-depth
information on regional country-based trends
emerging in the industry. The team studies
compiles the prospects, ensuring consistency in
reports. Our services are beyond offering
research reports to the clients and further
expand into addressing queries while
incorporating with them for advice, development,
execution of strategies for exception growth.
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Market Insights
The Global Electric Digital Twin Market size was
valued at around USD 1.12 billion in 2023 and is
projected to grow at a CAGR of about 14.5 during
the forecast period, i.e., 2024-30. The
digitalization of the energy sector has surged
across the globe due to policy support a shift
towards renewable energy sources. Owing to this,
the demand for digital twins to optimize
operations, improve asset performance, and ensure
the effective management of energy systems has
surged.
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Market Driver
Surging Renewable Energy Projects Across the
Globe to Augment Market Growth The installation
of renewable energy infrastructure is surging
across the globe as countries in Asia-Pacific
Europe are implementing favourable policies
incentives to promote the development of
renewable energy projects. The growing awareness
about climate change and the adverse effects of
greenhouse gas emissions has led to a significant
investment in the renewable sector. According to
REN21, the global investment in renewable power
fuels, without including hydropower projects
larger than 50 MW, reached approximately USD 366
billion in 2021.
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Market Segments
By System Type (Product Twins, Process Twins,
Systems Twins), By Application (Asset Performance
Management, Business Operation Optimization),
By Twin Type (Digital Gas Steam Power Plant,
Digital Wind Farm, Digital Grid, Digital
Hydropower Plant, Distributed Energy Resources),
By Deployment (On-Premise, Cloud), By End User
(Utility Service Providers, Grid Infrastructure
Operators), By Region (North America, South
America, Europe, The Middle East Africa,
Asia-Pacific)
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Top Companies
General Electric,, Siemens, AVEVA, Microsoft
Corporation, ANSYS, SAP, Hitachi Energy Ltd,
Emerson Electric Co., Bentley Systems Inc.,
Schneider Electric, Dassault Systèmes, IBM
Corporation, Oracle Corporation, Other
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MarkNtel Advisors Target Geographies- Focus Areas
MarkNtel has strategically defined its target
areas which are based on evaluation by its
analysts after analysing the growth potential of
various regions. Few of those parameters
include -Political, Economic, Social,
Technological and Environmental Analysis -Credit
Ratings provided by leading institutions -GDP
projections by bodies such as the World Bank,
IMF, OECD, etc. -Market Disruptions and the Next
Big Things
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Our 360Approach Combining Various Techniques to
Deliver Holistic Solutions
Data Insights
Secondary Research
Primary Research

• Internal CRM/sales data
• Social media data
• Data modelling for forecasting and market sizing

• Desktop research
• Syndicated research reports
• Proprietary databases
• Industry associations trade data

• In-depth stakeholder interviews
• Consumer surveys
• Mystery surveys
• Expert interviews

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Our Contact Information
1 628 895 8081, 91 120 4278433
sales_at_marknteladvisors.com
www.marknteladvisors.com
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THANK YOU FOR ATTENDING
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Our Office Location
Corporate Office Office No.106, H-160, Sector
63, Noida, Uttar Pradesh -201301, India