Digital twin market in energy seen reaching $14.87 billion by 2030

The Business Research Company says the digital twin market in energy is set to climb from $6.66 billion in 2025 to $14.87 billion by 2030, driven by renewables, grid modernization and predictive maintenance demand. North America led the market in 2025, while Asia-Pacific is expected to grow fastest through the forecast period.

Why it matters: - Digital twins are becoming a core tool for energy operators that want to monitor assets in real time, cut downtime and improve maintenance planning. - The market’s projected growth signals broader spending on software and analytics tied to renewable integration and grid modernization. - More information

What happened: - The Business Research Company released its Digital Twin Global Market Report 2026 covering the digital twin market in energy. - The report projects the market will rise from $6.66 billion in 2025 to $7.85 billion in 2026. - The report forecasts the market will reach $14.87 billion by 2030. - The report says the market will expand at a 17.8% CAGR in 2026 and a 17.3% CAGR through 2030.

The details: - Digital twins in energy are virtual models of physical energy assets, processes or systems. - The models use real-time data, simulation techniques and advanced analytics to monitor, optimize and predict system performance. - The technology is aimed at improving operational efficiency, reducing downtime, increasing reliability and supporting data-driven decisions. - The market’s historical growth has been driven by demand for better asset reliability, remote monitoring, sensor-based data collection, lower unplanned downtime and wider use of simulation models. - Future growth is expected to come from predictive asset performance management, real-time energy optimization, broader use in renewable assets, lower operating costs and grid modernization. - Renewable energy adoption is a major growth driver because digital twins support monitoring, predictive maintenance, performance optimization and infrastructure simulation. - The International Energy Agency projected in October 2024 that renewables’ share in final energy consumption will rise from 13% in 2023 to almost 20% by 2030. - North America held the largest share of the market in 2025. - Asia-Pacific is projected to be the fastest-growing region during the forecast period. - The report also covers South East Asia, Western Europe, Eastern Europe, South America, the Middle East and Africa. - The full report

Between the lines: - The report points to a market shift from experimental digital twin use toward operational deployment across energy assets and grids. - The strongest demand appears tied to two pressures at once: decarbonization and cost control. - That combination tends to favor tools that can improve asset life, reduce failures and make renewable output easier to manage. - The regional split suggests mature adoption in North America and faster infrastructure buildout in Asia-Pacific.

What's next: - Energy companies are likely to keep investing in digital twin platforms as renewable capacity expands and grid operators seek better forecasting. - The report expects more use cases around asset performance management, grid modernization and renewable integration through 2030. - The Business Research Company is offering additional report materials, including TAM analysis, company scoring matrices, forecasting dashboards and trend graphics. - The company also listed contact details for expert inquiries and social media channels in the release.

The bottom line: - Digital twin adoption in energy is moving from a niche optimization tool to a mainstream operating layer, with growth expected to stay strong through 2030.