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Navigant Research Report Shows Digital Twins Promise to Revolutionize the Wind Industry by Optimizing Project Performance and Maintenance

May 21, 2019

BOULDER, Colo.--(BUSINESS WIRE)--May 21, 2019--

A new report from Navigant Research examines wind sector-specific offerings, trends, and an intensifying vendor landscape.

Predictive analytics and digital twin modeling are sweeping across many industries, including the wind sector, where wind turbines lend themselves well to collecting vast amounts of data that can inform and refine digital twin models. Click to tweet: According to a new report from @NavigantRSRCH, digital twins promise to revolutionize the wind industry by optimizing project performance and maintenance.

“Digital copies of operating wind turbines can enable asset owners to virtually and remotely monitor, test, and predict the performance and condition of turbines and subcomponents and carry out performance and reliability tests in a virtual environment,” says Jesse Broehl, senior research analyst with Navigant Research. “This empowers asset owners and wind turbine manufacturers operating wind turbines to predict and plan for faults and optimize performance of their assets.”

To leverage digital twin technology, the report recommends wind turbine OEMs see themselves as both vendors and customers of the technology, while independent software as a service vendors mine the market and leverage third-party independence over wind turbine OEMs. Meanwhile, asset owners implementing digital twins should test and verify the technology’s promises.

The report, Advancing O&M Insights for Wind Plants with Digital Twins, discusses wind sector-specific offerings, trends, and intensifying vendor landscape. The analysis examines drivers and barriers for wind turbine asset owners, wind turbine OEMs, and software vendors that are increasingly active in this space. The report also discusses specific market players using digital twin technology, applications and strategies specific to wind turbines, and provides recommendations for wind market participants. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of clean, intelligent, mobile, and distributed energy. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.

* The information contained in this press release concerning the report, Advancing O&M Insights for Wind Plants with Digital Twins, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

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SOURCE: Navigant Research

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PUB: 05/21/2019 05:15 AM/DISC: 05/21/2019 05:15 AM


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