Global Oil & Gas Industry Embarks on a Transformational Journey with Digital Twins – Forecasts to 2030 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Digital Twins in the Oil and Gas Industry, Global, 2024-2030” report has been added to ResearchAndMarkets.com’s offering.
Fueled by the rising adoption of autonomous technologies, digital twins are emerging as an attractive growth opportunity in the oil and gas (O&G) industry. Digital twin technology helps O&G firms utilize and analyze enormous amounts of production data, enabling them to visualize various hypothetical production scenarios in real time.
Digital twins are virtual representations of existing assets or systems, and they allow O&G vendors to extract valuable insights about their operations. This technology has transformed traditional asset management and maintenance in the O&G industry. By implementing digital twins, producers can enhance remote asset monitoring, predictive maintenance, process simulation and optimization, and other applications.
Owing to the technology’s adaptability and flexibility, it can be integrated into a wide variety of existing systems; however, its implementation can present challenges, depending on various factors, including data quality, accessibility, connectivity, and compatibility with existing systems and infrastructure.
The main enablers of digital twin adoption will be Internet of Things (IoT) and artificial intelligence (AI) technologies. Digital twins will be mainly used in asset management, remote monitoring, predictive analysis, and virtual training, and O&G producers are increasing their investments in these technologies.
This study presents a detailed analysis of the global market for digital twins in O&G applications, including revenue forecasts, competitive analysis, application segmentations, and growth opportunities until 2030.
Key Growth Opportunities for Digital Twins in the Oil and Gas Industry
- Digital Twins for Safety Enhancement
- Digital Twins for Predictive Maintenance
- Digital Twins for Remote Exploration
Key Topics Covered:
Ecosystem
- Scope of Analysis
- Segmentation by Region
- Segmentation by Application
Growth Environment: Transformation in Digital Twins in the Oil and Gas Industry
- The Impact of the Top 3 Strategic Imperatives on Digital Twins in Oil and Gas Industry
Ecosystem in Digital Twins in the Oil and Gas Industry
- Growth Summary
- Trending Digital Twin Applications
- Competitive Environment
- Key Competitors
Growth Generator in Digital Twins in the Oil and Gas Industry
- Growth Metrics
- Growth Drivers
- Growth Restraints
- Forecast Considerations
- Revenue Forecast
- Revenue Forecast by Region
- Revenue Forecast by Application
- Forecast Analysis
- Revenue Share Analysis
- Key Vendors: Highlights
Growth Generator: Process Digital Twins
- Growth Metrics
- Revenue Forecast
- Revenue Forecast by Region
- Forecast Analysis
Growth Generator: Asset Digital Twins
- Growth Metrics
- Revenue Forecast
- Revenue Forecast by Region
- Forecast Analysis
Growth Generator: Product Digital Twins
- Growth Metrics
- Revenue Forecast
- Revenue Forecast by Region
- Forecast Analysis
For more information about this report visit https://www.researchandmarkets.com/r/5nx0n8
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