AR Entices Organizations and Enterprises to Venture into Energy and Utilities

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1Q 2018 | IN-5004

 

Energy and Utilities Leads Augmented Reality Use Cases

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Energy and utilities, coming after logistics and manufacturing, make up the top three verticals in terms of augmented reality (AR) glasses shipments and total value chain revenues. Total AR market revenues for the energy and utilities industry are expected to grow from US$164 million (2017) to reach US$18 billion by 2022, with platform and licensing and smart glasses hardware making up the majority of shipments. ABI Research estimates that global smart glasses shipments will reach 226,000 in 2017, and energy and utilities accounts for 17% of global shipments.

AR’s ability to enhance workers’ safety and protect equipment addresses the priority on safety emphasized by the energy and utilities sector. A handful of energy and utilities companies, such as NextEra Energy, Toms River Municipal Utilities Authority, etc. are actively deploying AR in a few cases to enhance field workers’ capabilities. For more information, ...

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