Strategic Focus: High Value Use Cases And Benefits Of Operationalizing Digital Twins With Process Simulations
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Verdantix predicts that the market for industrial digital twins will grow from $1.2 billion in 2022 to $27.6 billion in 2040. This report explores how physics-based process simulations enhance the creation of digital twins and discusses the benefits of combining operational data with process simulation tools. Advantages of using process simulation tools with digital twins include optimizing asset run time as well as processes in real time, investigating the consequences of proposed actions, achieving emissions reductions while optimizing production, and delivering safe, efficient and sustainable remote operations.
Table of contentsDigital Twins Provide Users With The Ability To Digitize The Entire Asset Life Cycle
Physics-Based Simulations Support The Creation Of An Autonomous Digital Twin
Appetite For Process Simulation Digital Twins Rises, Driven By Technology Innovations
Industrial Firms Leverage Process Simulation Digital Twins For A Step Change In Value Gained
Organisations mentionedAbu Dhabi National Oil Company (ADNOC), Akselos, Aspen Technology, AVEVA, BASF, Ecopetrol, Emerson, ExxonMobil, Honeywell, Horisont Energi, KBC Group, Kongsberg, OLI Systems, Protium, Reliance Industries, Repsol, Saudi Arabian Oil Company (Aramco), Saudi Basic Industries Corporation (SABIC), Shell, Siemens, SLB, Tata Steel, TotalEnergies, Yokogawa
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