Increasing Green and Digital Transition in End-User Industries is Accelerating the Green Digital Twins Market in the Europe Region!
- Himanshu Patni
- November 24, 2023
- ENERGY & POWER, NEWS
- Green Digital Twin Market, Green Digital Twin Market share, Green Digital Twin Market Size, Green Digital Twin Market trends
- 0 Comments
Europe has seen considerable growth in the Green Digital Twin market. The European Commission has proposed a Green Deal Industrial Plan to achieve climate neutrality by 2050 and increase the competitiveness of Europe’s net-zero industry. This plan is driving the demand for green digital twin technology, as the need to address climate change and environmental degradation is increasing. These two main trends – green and digital transitions – are shaping the future of the European Union. Every 1% increase in global GDP causes CO2 emissions to rise by about 0.5% and resource consumption by 0.4%. Digital technologies can contribute significantly to addressing this challenge. By 2025, it is estimated that digitalization could save over 26 billion tonnes of CO2 emissions globally – about as much as Europe’s emissions over the same period.
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· Based on the deployment type, the market is segmented into on-premise and cloud. The cloud segment caters to the highest share of the green digital twin market. It is mainly due to the cloud capability to provide a scalable and flexible infrastructure for implementing digital twins. It offers advantages such as cost savings, accessibility, and powerful computing capabilities.
· Based on the applications, the market is segmented into predictive maintenance, product design & development, business optimization, inventory management, and performance monitoring. Predictive maintenance holds a significant in the market. This is due to the desire to move from reactive or preventive maintenance approaches to more proactive and cost-effective strategies.
For a detailed analysis of the Global Green Digital Twin Market browse through – https://univdatos.com/report/green-digital-twin-market/
Global Green Digital Twin Market Segmentation
Market Insight, by Deployment Type
· On-Premise
· Cloud
Market Insights, by Application
· Predictive Maintenance
· Product Design & Development
· Business Optimization
· Inventory Management
· Performance Monitoring
Market Insights, by End-User
· Building and Construction
· Manufacturing
· Mining
· Energy
· Others
Market Insight, by Region
· North America
o U.S.
o Canada
o Rest of North America
· Europe
o Germany
o UK
o France
o Spain
o Italy
o Rest of Europe
· APAC
o China
o Japan
o India
o Rest of APAC
· Rest of the World
Top Company Profiles
· IBM
· Dassault Systemes
· Siemens
· Autodesk
· Schneider Electric
· Bentley Systems
· Ansys
· AVEVA
· Parametric Technology Corporation
· Cognite