North America Digital Twin Market

The digital twin market in North America is expected to grow from USD 8.08 billion in 2025 to USD 58.92 billion in 2030, with a CAGR of 48.8% during the forecast period. The rising adoption of digital transformation strategies across various industries is fueling demand for digital twin solutions in North America, especially in sectors like manufacturing, healthcare, automotive, and energy. The increasing need for predictive maintenance, real-time asset monitoring, and process optimization also contributes to market growth. Additionally, integrating the Internet of Things, artificial intelligence, and cloud computing into digital twin platforms improves operational efficiency and further drives adoption.

In March 2024, GE Vernova (US) introduced GridBeats: EnergyAPM, a digital twin solution for asset performance management. It leverages intelligent, physics-based digital models along with real-time and historical data to monitor equipment health and forecast failures before they happen.

To know about the assumptions considered for the study download the pdf brochure

In March 2025, Siemens (Germany) completed its acquisition of Altair Engineering, a leading provider of industrial simulation and HPC software. This move was specifically aimed at enhancing its digital twin capabilities by integrating Altair's simulation, AI, and HPC tools into the Siemens Xcelerator platform, delivering a more comprehensive digital twin solution.

Siemens (Germany) is a global technology provider with expertise in manufacturing, infrastructure, transportation, and healthcare. The company operates through four main business segments: Digital Industries, Smart Infrastructure, Siemens Healthineers, and Mobility. Focused on electrification, automation, and digitalization, Siemens helps its customers connect the physical and digital worlds, creating real value for clients. Siemens' digital twin solutions cover all business segments, including Smart Infrastructure. The company continues to advance the digitalization of its switching and control products by integrating intelligence, cloud connectivity, and remote diagnostics, among other features. Siemens' digital twins of products, building systems, and grids enable customers to configure, parameterize, operate, and plan maintenance online. Siemens operates in over 200 countries, with a strong global presence and R&D centers in more than 39 countries dedicated to innovation. The company has offices in the US, India, Germany, Singapore, China, Japan, South Korea, and Italy.

GE Vernova (US) is a leading player in the global electric power industry. Established as an independent company after its spin-off from General Electric on April 2, 2024, GE Vernova focuses on providing technologies and services that generate, transfer, convert, store, and manage electricity. The company operates through three main segments: Power, Wind, and Electrification. These segments represent its comprehensive approach to covering the entire electricity value chain. The Power segment includes gas turbines, steam turbines, and nuclear power solutions. The Wind segment concentrates on onshore and offshore wind technologies, while the Electrification segment offers grid solutions, power conversion, and digital technologies. GE Vernova supplies its digital twin software and solutions mainly under the Electrification segment, supporting asset performance management, grid optimization, and predictive maintenance through advanced analytics and machine learning.

Market Ranking

The digital twin market in North America is competitive, with five major players collectively holding about 40–50% of the market share. Siemens (Germany) has reinforced its leadership by offering a comprehensive suite of digital twin solutions through its Xcelerator platform, integrating advanced simulation, industrial automation, and cloud-based analytics to enable real-time monitoring, predictive maintenance, and virtual commissioning. ANSYS, Inc. (US) has strengthened its position with advanced physics-based simulation capabilities for digital twins, supporting accurate real-time modeling and predictive maintenance for complex industrial systems. GE Vernova (US) focuses on industrial digital twins, particularly in energy and utilities, facilitating asset performance management and the optimization of power generation assets. Dassault Systèmes (France) delivers advanced virtual twin experiences via its 3DEXPERIENCE platform, serving aerospace, life sciences, and manufacturing sectors with highly detailed simulation environments. PTC (US) promotes digital transformation across manufacturing and industrial sectors through its ThingWorx platform, offering real-time data integration, visualization, and remote monitoring capabilities.

Related Reports:

North America Digital Twin Market by Application (Product Design & Development, Performance Monitoring, Predictive Maintenance, Inventory Management, Business Optimization), Industry (Automotive & Transportation, Infrastructure) - Forecast to 2030

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : 1-888-600-6441
sales@marketsandmarkets.com