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Twin market - PowerPoint PPT Presentation

Global Digital Twin Market Recent Study Including Growth Factors, Applications, Regional Analysis, Key Players and Forec

Digital Twin can be defined as the convergence of the virtual world with the physical world that is, creating a near real-time digital image of a physical object or process using sensors. It is a combination of multiple technologies such as machine-to-machine connection (M2M), machine learning, artificial intelligence (AI), sensor telemetry, and predictive analytics which helps in optimizing systems and processes, examining products, and monitoring the performance and condition of machines.

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Digital Twin Market Research Report 2025

Digital Twin Market is estimated to grow from USD 3.8 billion in 2019 to USD 35.8 billion by 2025, at a CAGR of 37.8%.

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Electrical Digital Twin Market worth $1,642 Million by 2024

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%. This growth can be attributed to the improved accuracy and efficiency in power sector operations, streamlined integration of renewable energy technologies, and reduced unplanned downtime and maintenance cost.

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Twin market - PowerPoint PPT Presentation

Global Digital Twin Market Recent Study Including Growth Factors, Applications, Regional Analysis, Key Players and Forec

Digital Twin Market Research Report 2025

Electrical Digital Twin Market worth $1,642 Million by 2024