Smart Innovators: Digital Twins For Industrial Facilities
Access this research
Access all Asset Performance Management Software content with a strategic subscription or buy this single report
Need help or have a question about this report? Contact us for assistance
Executive Summary
Digital twins are part of the Industry 4.0 megatrend and are primarily used today for equipment design and testing. Only in the past two years has the concept of facility-wide digital twins gathered momentum due to the complexity involved in modelling and simulating the performance of industrial facilities. Reflecting the relative newness of this technology in the industrial space, vendors offer digital twin software at five different levels of sophistication – from digital twins that integrate data from various sources to one capable of acting autonomously. Verdantix expects the market for plant-level digital twins to grow slowly over the next five to 10 years with high-risk, asset-intensive industries being the early adopters. This report provides buyers of digital twin software at industrial facilities with an overview of the current state of the market and an assessment of different vendors who offer digital twin value propositions.The Digital Twin Concept Forms Part Of The Industry 4.0 Megatrend
Four Technology Capabilities Underpin Digital Twin Software For Industrial Facilities
Technology Vendors Offer Digital Twins At Five Different Levels Of Sophistication
Digital Twins Deliver Enhanced Value Propositions To Multiple Stakeholders
Digital Twin Software Must Overcome Adoption Hurdles To Increase Market Penetration
Technology Executives At Industrial Firms Must Overcome Five Barriers To Digital Twin Success
Crossing The Chasm Requires A Concerted Effort To Find Digital Twin Innovators
Figure 2. Digital Twins For Industrial Facilities – Relevance For Key Stakeholders
Figure 3. Digital Twins For Industrial Facilities – Uptake By Asset Type
About the Authors
Malavika Tohani
Research Director
Malavika is a Research Director at Verdantix, guiding research that explores how digital technologies and services are reshaping industrial operations to become safer, more ef...
View Profile
David Metcalfe
CEO and Co-Founder
David is the CEO and co-founder of Verdantix, where he leads the firm’s strategic direction and client engagement. Since co-founding the firm in 2008, David has built a ...
View ProfileOther related content
Industrial firms around the world are being hammered by operational dislocations and disruptions. Labour shortages, supply chain chokepoints, fast-changing import tariffs, rapid sh...
Upcoming / 25 March, 2026
Episode 30 Global supply chains are under immense stress. Whether it’s a case of sanctioned goods and impure materials or unethical labour practices, the potential for hidden ri...
27 January, 2026
For years, industry practitioners have watched Boston Dynamics’s Atlas perform backflips and parkour. But beyond the viral clips, a question has loomed: when will robots like this ...
15 January, 2026
Control of Work (CoW) is critical to preventing serious injuries and fatalities, the top priority of 80% of EHS leaders. Yet many organizations still rely on paper-based processes ...
Upcoming / 19 February, 2026
Labour shortages have become one of the most significant constraints facing industrial and manufacturing firms today. Attrition, an ageing workforce and growing skills requirements...
Upcoming / 18 February, 2026
Today’s facilities managers are no longer just responsible for keeping buildings running - they’re expected to deliver on sustainability goals, ensure energy resilience, and overse...
Upcoming / 17 February, 2026