Digital Twin in Energy & Utilities Market to Reach $11.4B by 2027

MarketsandMarkets predicts significant growth in digital twin adoption for energy and utilities sectors.

The digital twin market in energy and utilities is expected to reach $11.4 billion by 2027, growing at a CAGR of 63.1%. This growth is driven by increasing demand for efficient energy management and grid optimization. Digital twins are being used to simulate and predict energy consumption, reducing energy waste and improving grid resilience.