New digital technologies are ensuring that companies extract more energy more efficiently and with less impact on the environment. Augmented reality (AR) allows users to view their environments inversely by assimilating the digital content with the real world. Several players operating in the energy & utilities industry identify that strategic implementation of augmented reality not only enhances the customer experience, but also streamlines business operations. The impact of virtual and augmented reality on the energy industry is high. The ability of augmented reality (AR) to enhance workers’ safety and protect equipment addresses the priority of safety emphasized in the energy & utilities industry.
AR facilitates enhanced visualization of pipelines in concrete, underground assets or any complex modules, which aids in escaping breaks while digging. It also identifies dangerous leaks and reduces accidents. Thus, employee safety is maintained along with reduction in errors and total downtime. The use of digital technologies by organizations in the energy & utilities sector is expected to reduce capital expenditures by up to approximately 20%. AR devices complement the reality, thereby permitting the wearer to circumnavigate, change, and accomplish work-related procedures and duties without any obstacles.
“Augmented Reality in Energy and Utilities Market is driven by increasing demand by enterprises to optimize businesses and enhance workforce security; AR aids field workers by connecting them with remote experts that can provide real-time guidance”
The energy & utilities industry faces lack of skilled workers and aging workforce, which may result in knowledge loss. AR aids field workers by connecting them with remote experts that can provide real-time guidance. Thus, increasing demand by enterprises to optimize businesses and enhance workforce security is expected to contribute significantly to the augmented reality in energy and utilities market during the forecast period. Use of augmented reality in the energy sector considerably improves work; simplifies knowledge