Information & Communication Technologies

Impact of Wearable Technology on the Global Energy Sector, 2017

Investment in Wearables Drives Efficiency Gains for the Energy Sector
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Published: 8 Mar 2018

This insight provides an overview of the key technology trends, growth potential, use cases in the energy ecosystem, and major innovators in the industrial wearable domain. A comprehensive overview of the use cases for wearable in energy with potential problems and how wearable can address the shortcomings with application benefits has been analyzed. In addition, a comprehensive market analysis of the key companies working on industrial wearables with their product description has been provided. Wearable technologies offer significant growth opportunities with advancements in the technology as well as innovate business models. Currently, there is a lack of awareness about utilization of the right wearable technology for appropriate application. The concerns regarding data protection because of the absence of stringent regulations are also resulting in scepticism of mass adoption of wearables. Vertical integration can play a vital role in bridging the gap between understanding the customer requirements and developing appropriate wearable technologies on a bespoke basis. The main disruptive innovation in wearable energy industry is improving the productivity and safety of the employee while gaining access to real-time information for enhanced worker efficiency and solving real-time problems on the field. The major growth opportunities are expected to be in the manufacturing and solar power sector where field technicians can have access to real-time information that include product service manuals, instructional videos, or a map to the next service call location. Some of the key companies in this market include Daqri Inc, Vuziq, Kopin Corporation, Optalert, Epson, Upskill, Google, Rufus labs, ProGlove, StrongArm Technologies, Imprint Energy, Glass Up, Human Condition Safety, Atheer, Ubimax, Scope AR, Sullivan Solar, IBM, SolePower.



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