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.
The arc flash protection market is expected to grow from an estimated USD 1.85 Billion in 2017 to USD 2.41 Billion by value by 2022, at a CAGR of 5.38% during forecast period.
The electrical bushings market is expected to grow from an estimated USD 2.45 Billion in 2018 to USD 2.96 Billion by 2023, at a CAGR of 3.86%, from 2018 to 2023.
The global digital utility market is projected to grow at a CAGR of 12.57%, from 2017 to 2022, to reach a market size of USD 244.31 Billion by 2022.
A few weeks ago we looked at the impact of digital transformation on utilities, noting that Australian Utility Week — to be held 29-30 November in Melbourne — would have a strong focus on digital transformation.
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