Electrical Digital Twin market is set to grow at double digit in the next five years primarily driven by the increasing demand for higher efficiency in operations in the power sector. Many key stake holders have scaled up their activities towards achieving higher operational efficiency. Many OEMs have entered into technology partnerships for developing solutions within this market space.

For instance, ABB’s long-term partnership with Dassault Systèmes, formed early in the year 2019, to create a technological synergy of expertise and knowledge focuses on developing enhanced digital solutions. This partnership allows ABB to develop and provide its customers with advanced digital twins. Siemens and Bentley have launched a digital twin for DER resources. This solution is designed to help the utilities unlock previously untapped efficiencies in distributed generation. Emerson and AspenTech are to synergize their software solutions to improve project engineering and to enhance real-time process optimization and training. The synergy of these technologies simplifies the building and maintaining an operations digital twin. Siemens has partnered with BRIDG to develop digital twin solutions for the semiconductor industry.

With many such digitization initiatives and the changing market dynamics, there are some unanswered questions regarding their impact on key areas of the power industry. For instance, how the electrical digital twin market is influencing the key set of end users listed below:

• Utilities - Federal Utilities and Independent Power Producers
• Grid Infrastructure Operators

The webinar will discuss the key market happenings, market insights, major initiatives, and hot revenue spots around the electrical digital twin space.

MarketsandMarkets™ is delighted to invite you to an exclusive webinar titled “Electrical Digital Twin Market Outlook", which will be hosted on July 24, 2019, from 11:00 am to 12:00 pm EST. Please join our industry experts—Prashanth, Manager, and Vipul, Associate Manager, Energy & Power, as they discuss the upcoming key trends, industry use cases that have enabled business organizations to transform their revenue mix.

Specific insights you will get:

• Early adopters of the technology
• Key market applications
• Prevalent electrical digital twins
• Industry experts’ views on the topic

Register now and get an opportunity to learn from leading industry analysts. The session will be concluded by a one-on-one Q&A session with our experts.