If interested to Sponsor, email info@thevrara.com
This publication outlines the essential features of VR AR technologies, highlight their relevance to business functions in the Energy sector and presents an overview of applications & use cases of VR AR, highlighting the benefits for business processes.
This publication will be published on the VRARA and our partner's websites and will be promoted to the industry globally via our Newsletter (35K+ subs), Website (20K monthly visitors), Social Media (50K+ followers) at our VR/AR Global Summits, and via our partners. You can see our other Publications here, which have been downloaded 1000s times!
Authors:
- Suhas P Bhagwat
- Mr. David Moreno - Virtualware
- Mr. Walter Davis - Aggreko
- Ms. Sophia Moshasha - VRARA
- Mr. Ray Deatherage - GTI
- Mr. Eduardo Neeter - FactualVR
Contents
Introduction
Basic Elements and Features of VR and AR technologies and devices for VR and AR
2.1 Basic Features of VR and AR and The Reality Spectrum
2.2 Devices for VR, AR and MR
Relevance of VR AR for Energy Sector
Underlying factors in Energy Sector
Imperatives that make VR and AR useful for Energy Sector
Typical Applications of VR, AR and MR in Energy Sector
4.1 Engineering
4.2 Marketing
4.3 Plant Operations, Project Management, Supply Chain Management, Inspection
4.4 Manufacturing, Construction, Fabrication
4.5 VR Training
Sample Use Cases for Energy Value Chain
Workforce training through VR Rooms
Immersive Employee Development, Training & Certification
Virtual Classroom Training Activity on Components
Equipment/Product Training Practical Assessment
VR Based Training of Heavy Duty Crane Operators
VR Based Training for the Natural Gas Distribution Industry
MR Based Remote Assistance in Sub-Stations Operations
Concluding Remarks
The global energy mix is comprised of Oil, Gas (which also includes liquefied natural gas ie LNG), Coal, Nuclear, Renewable energy (such as Wind, Solar, Hydropower, Biomass, Geothermal, Ocean Waves etc), and Electricity sectors. During the mid 2010s fossil fuels (namely Coal, Oil and Gas) accounted for 82 percent of global primary energy. This percent number is targeted to decline, with large growth in the nuclear and renewable energy sectors (especially wind and solar energy) although the fossil fuels are expected to remain a primary source over the next 20 years. However, due to the current pandemic that hit the world early 2020, the projections are sure to undergo a change.
Energy is the lifeline of everything that happens in the world and this sector is one of the most important components of the Global Economy. The combined business that is conducted globally in the entire value chain of this sector is in multiples of Trillions of dollars and it engages several million personnel worldwide.
The Energy sector covers all the stakeholders in its entire value chain such as the Energy organizations (Oil & Gas production units, Refineries, Thermal Power Plants, Nuclear Power Plants, Wind Mill Farms, Solar Power Plants, Electricity Distribution Systems etc), Energy Technology / Process Licensors, Engineering organizations, EPC organizations, Manufacturers and Fabricators, Construction companies, Mining Companies (for Coal) as well as several service providers covering HSE, logistics, inspection and other services.
Therefore, as far as Energy Committee under VR/AR Association (VRARA) is concerned, the Demand side of VR AR value chain covers all the VRARA members representing the stakeholder organizations in the Energy sector as above. The VR AR Supply side for Energy on the other hand covers Digital Technology Creators, VR AR Hardware Manufacturers and VR AR Solutions providers & Content creators with experience in applications for the Energy Sector.
Just as for any industrial sector, the emerging technologies of VR and AR hold very significant potential to bring value to various business functions in the Energy Sector by way of enhanced efficiencies and effectiveness. Various stakeholders in the Energy Sector have been taking serious note of this and therefore increased adoption of VR and AR in the sector has been evident over the recent years. It is expected that this will see a steep growth in the coming years.
The Ecosystem created by VRARA provides a common platform for all the stakeholders in the VR AR value chain of the Energy sector. The objective of this White Paper, therefore, is to bring out the essential features of VR AR technologies, highlight the relevance of the same to business functions in the Energy Sector and present an overview of applications and use cases of VR AR duly highlighting the benefits of the same for business processes.
This White Paper covers various topics on the subject.
If interested to Sponsor, email info@thevrara.com
