- What are the primary applications of XR in energy and utilities?
- Which companies are pushing the XR wearables market forward and why?
- Which companies are pushing the XR systems market forward and why?
- What are the pros and cons of each technology?
- Which regions and applications are the best near-term bets for attractive ROI?
- What are the business models behind XR projects in these markets?
3Q 2021
Extended Reality for Critical Infrastructure
Extended Reality Devices and Systems Applications in Water Treatment Plant, Power Plant, Mining, Refinery, Electrical Distribution, and Oil Well Sites: Global Market Outlook 2021-2030
Utilities and the energy sector are not known as early adopters; however, hardware and software advances have mixed with decreasing costs and opened the door for utilities to pioneer the deployment of industrial extended reality (XR) technology. Historically, augmented reality (AR) has teetered precariously on the edge of practicality, with limited perceived benefits and functionality, prohibitive costs, and developmental roadblocks.
More recently, many factors driven by operational applications have contributed to an uptick in industrial interest and expansion of vendor offerings. XR wearables present scalable solutions to previously intractable solutions such as knowledge loss. They promise to increase process efficiency, improve safety and compliance, and accelerate training.
This Guidehouse Insights report provides an overview of six industrial settings in which XR technologies may provide substantial benefits. This report describes XR applications in upstream oil & gas (O&G), mines, refineries, power plants, water treatment plants, and substations. It also provides information on key players in the industrial XR market with an emphasis on energy and utilities applications and forecasts the expected investment in each of these industrial segments by global region through 2030. The latest market trends in XR for energy production and utility applications are discussed, and potential applications for small- and large-scale utility deployment are explored. This report concludes by providing detailed and actionable recommendations on how customers and vendors can address the fast-changing market.
Pages
52
Tables | Charts | Figures
59
Key Questions Addressed
Who Needs This Report
- Energy providers
- Utilities providers
- XR hardware vendors
- Enterprise software vendors
- Investors
Table Of Contents
1. Executive Summary
1.1 Introduction
1.2 Market Drivers and Barriers
1.3 Global Market Outlook
2. Market Issues
2.1 Extended Reality
2.1.1 Assisted Reality
2.1.2 AR and MR
2.1.3 VR
2.2 Critical Utilities Infrastructure
2.3 XR Applications
2.3.1 Training
2.3.2 Inspection and Verification
2.3.2.1 Drone Pilots
2.3.2.2 Vegetation Clearing
2.3.3 Disaster Recovery
2.3.4 GIS Mapping and Asset Visualization Overlays
2.4 Market Driver
2.4.1 Increasing Job Complexity
2.4.2 Loss of Experts and Institutional Knowledge
2.4.3 Accelerated Training and Cognitive Support
2.4.4 Other Market XR Investments
2.4.5 Smartphone/Tablet Penetration
2.4.6 Software as a Service Strategies
2.5 Market Barriers
2.5.1 High Wearables Cost
2.5.2 Usability Issues
2.5.3 Device Availability
2.5.4 Regulatory Buy-In
3. Technology Issues
3.1 Technology Considerations
3.1.1 Use Case Considerations
3.1.2 Mobile
3.2 Software and Services
3.3 Connectivity
4. Key Industry Players
4.1 Device Manufacturers
4.1.1 ASR
4.1.1.1 Epson
4.1.1.2 Vuzix
4.1.1.3 RealWear
4.1.2 AR
4.1.2.1 Magic Leap
4.1.2.2 Microsoft
4.1.2.3 ThirdEye Gen
4.2 Software and Services
4.2.1 Librestream Technologies
4.2.2 Taqtile
4.2.3 holo|one
4.2.4 RE’FLEKT
5. Market Forecasts
5.1 Forecast Methodology
5.2 Global Outlook
5.3 North America
5.4 Europe
5.5 Asia Pacific
5.6 Latin America
5.7 Middle East & Africa
6. Conclusions and Recommendations
7. Acronym and Abbreviation List
8. Table of Contents
9. Table of Charts and Figures
10. Scope of Study, Sources and Methodology, Notes
List of Charts and Figures
- Total XR Revenue by Region, World Markets: 2021-2030
- XR Device Revenue by Region, World Markets: 2021-2030
- XR Software and Systems Revenue by Region, World Markets: 2021-2030
- Total XR Revenue by Industry, World Markets: 2021-2030
- XR Device Revenue by Industry, North America: 2021-2030
- XR Software and Systems Revenue by Industry, North America: 2021-2030
- XR Device Revenue by Industry, Europe: 2021-2030
- XR Software and Systems Revenue by Industry, Europe: 2021-2030
- XR Device Revenue by Industry, Asia Pacific: 2021-2030
- XR Software and Systems Revenue by Industry, Asia Pacific: 2021-2030
- XR Device Revenue by Industry, Latin America: 2021-2030
- XR Software and Systems Revenue by Industry, Latin America: 2021-2030
- XR Device Revenue by Industry, Middle East & Africa: 2021-2030
- XR Software and Systems Revenue by Industry, Middle East & Africa: 2021-2030
- XR Device Revenue by Industry, World Markets: 2021-2030
- XR Software and Systems Revenue by Industry, World Markets: 2021-2030
- The Extended Reality Continuum
- ASR Wearables
- AR Wearables
- VR Wearables
- Spatialized Work Instructions in AR
- AR GIS Overlay of Underground Network
- Remote Assistance
- Tablets Presently Used in Utilities
- ThirdEye X2 AR Smart Glasses
List of Tables
- Well Pads by Region, World Markets: 2021-2030
- Mines by Region, World Markets: 2021-2030
- Oil Refineries by Region, World Markets: 2021-2030
- Power Plants by Region, World Markets: 2021-2030
- Water Treatment Plants by Region, World Markets: 2021-2030
- Electrical Substations by Region, World Markets: 2021-2030
- Upstream O&G Workers by Region, World Markets: 2021-2030
- Mine Workers by Region, World Markets: 2021-2030
- Refinery Workers by Region, World Markets: 2021-2030
- Power Plant Workers by Region, Worlds Markets: 2021-2030
- Water Treatment Workers by Region, World Markets: 2021-2030
- Electrical Distribution Workers by Region, World Markets: 2021-2030
- Total XR Revenue by Region, World Markets: 2021-2030
- XR Device Revenue by Region, World Markets: 2021-2030
- XR Software and Systems Revenue by Region, World Markets: 2021-2030
- XR Device Revenue by Industry, North America: 2021-2030
- XR Device Revenue by Industry, Europe: 2021-2030
- XR Device Revenue by Industry, Asia Pacific: 2021-2030
- XR Device Revenue by Industry, Latin America: 2021-2030
- XR Device Revenue by Industry, Middle East & Africa: 2021-2030
- XR Software and Systems Revenue by Industry, North America: 2021-2030
- XR Software and Systems Revenue by Industry, Europe: 2021-2030
- XR Software and Systems Revenue by Industry, Asia Pacific: 2021-2030
- XR Software and Systems Revenue by Industry, Latin America: 2021-2030
- XR Software and Systems Revenue by Industry, Middle East & Africa: 2021-2030
- Total XR Revenue by Industry, World Markets: 2021-2030
- XR Device Revenue by Industry, World Markets: 2021-2030
- XR Software and Systems Revenue by Industry, World Markets: 2021-2030
- Total XR Revenue by Industry, North America: 2021-2030
- Total XR Revenue by Industry, Europe: 2021-2030
- Total XR Revenue by Industry, Asia Pacific: 2021-2030
- Total XR Revenue by Industry, Latin America: 2021-2030
- Total XR Revenue by Industry, Middle East & Africa: 2021-2030
- Other Industry Participants
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