The concept of a digital twin – a virtual replica of a physical asset – is revolutionizing various industries, and the electrical domain is no exception. An Electrical Digital Twin (EDT) acts as a virtual counterpart of an electrical system, providing manufacturers with a powerful tool to optimize design, operation, and maintenance.
The adoption of electrical digital twin technology in the manufacturing sector is witnessing a notable uptick. As integration of various technologies progresses, the creation of comprehensive virtual twins is becoming commonplace, facilitating the establishment of a digital thread that streamlines the entire manufacturing process and yields optimal outcomes.
The proliferation of Industry 4.0 is anticipated to fuel substantial growth in the market in the foreseeable future. Industry 4.0, synonymous with the fourth industrial revolution, represents a prevailing trend focused on automation, as well as the collection and exchange of data, revolutionizing the landscape of manufacturing processes.
According to Future Market Insights (FMI), the global electrical digital twin market is poised for significant expansion, with a projected valuation of US$ 1,085.9 million in 2023 expected to soar to US$ 3,342.7 million by 2033. This growth trajectory represents a robust compound annual growth rate (CAGR) of 11.9% throughout the forecast period.
Benefits for Manufacturers:
- Enhanced Design and Development: EDTs allow manufacturers to virtually test and validate electrical systems before physical prototypes are built. This reduces development time and costs, while enabling optimization of performance parameters like power consumption and efficiency.
- Improved Operational Efficiency: Real-time data from sensors integrated within the physical system can be fed into the EDT. This allows manufacturers to monitor system health, predict potential failures, and optimize maintenance schedules based on actual usage patterns.
- Reduced Downtime: Predictive maintenance using EDTs can prevent unexpected downtime and production losses. Early detection of potential issues allows for proactive maintenance interventions, minimizing disruption and ensuring smooth operations.
- Streamlined Troubleshooting: EDTs can be used to simulate various scenarios and diagnose problems within the electrical system virtually. This can significantly reduce troubleshooting time and effort, leading to faster resolution of issues.
- Improved Training and Knowledge Sharing: EDTs can be used to create interactive training simulations for technicians and engineers. This can improve their understanding of complex electrical systems and enhance overall knowledge within the organization.
Get Sample Copy For the Report
Recent Developments
In 2020, ABB and Corys unveiled digital twin modeling and simulation technology, leveraging ABB Ability 800xA Simulator and Indices Plus process modeling tools, marking a significant milestone in the evolution of digital twin solutions.
Siemens and Threedy joined forces in 2022 to introduce a groundbreaking visual computing platform aimed at enhancing accessibility to visual digital twin data, heralding a new era of immersive digital twin experiences.
General Electric made substantial advancements in its on-premises analytics software in 2021, integrating artificial intelligence and machine learning capabilities. These cutting-edge technologies enable swift problem identification and suggest remedies, thereby enhancing overall performance efficiency.Top of Form