Brooklyn, New York, March 30, 2022 (GLOBE NEWSWIRE) -- According to a new market research report published by Global Market Estimates, the Global Metaverse/Digital Twin in Energy Industry Market is projected to grow at a CAGR value of 32.5% from 2022 to 2027.
Factors like increasing demand for gauging the system/reactor's performance, assessing the operating shelf-life of the system, and the rising need for creating a stable and viable environment while dealing with nuclear reactors are some of the prime reasons for the metaverse technology to enter the energy industry
Browse 151 Market Data Tables and 111 Figures spread through 181 Pages and in-depth TOC on “Global Metaverse/Digital Twin in Energy Industry Market - Forecast to 2027”
Key Market Insights
- The artificial intelligence & machine learning segment is expected to hold the largest share of the market as per technology outlook
- The live coaching application will be the fastest-growing segment in the market as per application segment
- The simulation platforms segment is expected to hold the largest share of the market as per the type of platform outlook
- As per the end-user outlook, the nuclear energy segment is expected to hold the largest share of the market during the forecast period
- Microsoft, UrsaLeo, Visualiz, Pratiti Technologies, QIO Technologies, PETRA Data Science, Ansys, General Electric, Curtiss-Wright Corporation, and Siemens are the key players in the Metaverse/digital twin in the energy industry market
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Technology Outlook (Revenue, USD Billion, 2022-2027)
- Artificial Intelligence & Machine Learning
- AR & VR
- Cloud Computing
- Simulation
Application Outlook (Revenue, USD Billion, 2022-2027)
- Designing
- Inspection
- Testing
- Validation
- Live Coaching Application
End-Use Outlook (Revenue, USD Billion, 2022-2027)
- Solar Energy
- Nuclear Energy
- Oil & Gas
- Others
Type of Digital Twin Platform Outlook (Revenue, USD Billion, 2022-2027)
- Training Platforms
- Testing Platforms
- Simulation Platforms
- Economic Forecasters
- Performance Analysis
- Project Planner
- Others
Regional Outlook (Revenue, USD Billion, 2022-2027)
North America
- The U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of APAC
Central & South America
- Brazil
- Argentina
- Rest of CSA
Middle East & Africa
- Saudi Arabia
- UAE
- Rest of MEA
Website: Global Market Estimates
