Energy and utilities rank among the top three verticals in terms of Augmented Reality (AR) glasses shipments and total value chain revenues. AR’s ability to enhance workers’ safety and protect equipment addresses the priority on safety emphasized by the energy and utilities industry. ABI Research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies, estimates the energy and utilities sector will account for 17% of global smart glasses shipments in 2018. Total AR market revenues for the energy and utilities industry are expected to grow to US$18 billion by 2022, with platform and licensing, and smart glasses hardware comprising the majority.
“AR enables better visualization of underground assets, pipelines in concrete, or complex components, which help avoid breaks while digging, detect dangerous leaks, and reduce accidents. Accordingly, employee safety will be maintained along with a decline in errors and total downtime,” says Marina Lu, Senior Analyst at ABI Research. “As the industry faces a lack of skilled workers and an aging workforce that will result in knowledge loss, AR will aid field workers by connecting them with remote experts who can provide real-time guidance and highlight where extra caution should be taken. A subsequent benefit is that the information obtained from AR solutions can be stored as a guideline for future work, thus facilitating business decisions and workflow. With AR, employees become more proficient more quickly.”
The Electric Power Research Institute (EPRI) has studied the importance of AR to the energy industry and has been involved in several vendors’ efforts to investigate and pilot the use of AR in electric and utility operations. EPRI has also collaborated with Duke Energy, deploying Atheer’s AR platform to demonstrate the AR application benefits of improved productivity and safety due to hands-free data access. GE Renewable Energy has improved technician assembly time efficiency by 34% using smart glasses overlaid with digital instructions. Upskill’s Skylight platform enables the technicians to use voice to identify certain items such as wires and find locations, which saves time over reading paper manuals. Also, Siemens partnered with DAQRI and conducted a study to explore how AR-based gas burner assembly can increase training efficiency and reduce errors.
“Safety is a dominant theme for energy and utilities. Durable and dependable AR devices can operate well in potentially hazardous environments such as those with explosive dust or flammable gas,” adds Eric Abbruzzese, Principal Analyst. “These environments also have the strongest need for worker safety improvements that can be provided by AR devices. Real-time environment monitoring, safety notifications, and workflow instruction can ensure safety while improving efficiency - a unique and attractive combination for the industry.”
These findings are from ABI Research’s Augmented Reality in Energy and Utilities report. This report is part of the company’s AR & Mixed Reality research service, which includes research, data, and analyst insights.
About ABI Research
ABI Research provides strategic guidance for visionaries needing market foresight on the most compelling transformative technologies, which reshape workforces, identify holes in a market, create new business models and drive new revenue streams. ABI’s own research visionaries take stances early on those technologies, publishing groundbreaking studies often years ahead of other technology advisory firms. ABI analysts deliver their conclusions and recommendations in easily and quickly absorbed formats to ensure proper context. Our analysts strategically guide visionaries to take action now and inspire their business to realize a bigger picture. For more information about ABI Research’s forecasting, consulting and teardown services, visionaries can contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research 是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Asia: +65 6950.5670