Digital Twin-Driven Circular Economy Strategies for Sustainable Asset Management

Abstract

The integration of Digital Twin technology with Circular Economy principles offers a transformative approach to sustainable asset management. By creating real-time virtual replicas of physical assets, organizations can monitor, analyze, and optimize asset performance throughout their lifecycle. This research explores how Digital Twin-driven strategies can enhance resource efficiency, extend asset life, and minimize environmental impact. We discuss the application of Digital Twins in asset tracking, predictive maintenance, and lifecycle management, aligning these practices with Circular Economy goals of reducing waste, promoting reuse, and closing material loops. Through case studies and empirical analysis, this paper demonstrates the potential of Digital Twins to facilitate sustainable business practices and drive long-term economic and environmental value. The findings suggest that leveraging Digital Twins within Circular Economy frameworks can lead to more efficient, transparent, and responsible asset management, fostering a shift toward a more sustainable and regenerative economy.