Six critical characteristics address the potential of augmented reality and virtual reality technologies to have significant penetration in utility operations

A new report from examines the latest trends in “digital reality” for small- and large-scale utility deployment, providing detailed recommendations on how utilities and device vendors can capitalize on this market.

Historically, utilities have viewed augmented reality (AR) and virtual reality (VR) as impractical, with limited perceived benefits and functionality, prohibitive costs, and developmental roadblocks. However, innovative hardware improvements and progressive software applications, mixed with decreasing costs, have opened the door for utilities to be pioneers in the deployment of industrial digital reality technology. : According to a new report from , new key applications are driving utility interest in digital reality deployment in operations, training, marketing, and other departments.

“The ability to successfully overlay critical asset information for repairs and inspection, as well as the mapping of geographic information system (GIS) data are extremely useful to utilities and developments in those areas will drive up deployment for AR devices,” says Michael Hartnack, research analyst with Navigant Research. “For VR devices, continued enhancements in immersive image rendering, high definition field of view, and communications will push utilities to seriously consider implementation.”

While AR and VR devices are among the most cutting-edge technologies in today’s consumer electronics landscape, utilities have rarely been early adopters of new technologies. To help decision-makers navigate this new realm of products, Navigant Research has identified six critical characteristics that a digital reality device must possess for significant penetration into utility operations. Each characteristic is identified and discussed in detail in the report.

The report, , discusses the latest market trends in digital reality for grid applications and explores current and potential applications for small- and large-scale utility deployment. It provides detailed and actionable recommendations on how utilities and device vendors can address the fast-changing market. The study also provides an analysis of key market developments and identifies several prominent AR and VR devices in the market today. An Executive Summary of the report is available for free download on the .

Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, Enhancing Utility Operations with Augmented and Virtual Reality, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Read more: New Applications Are Driving Utility Interest in...

With the right strategy, smart appliances stakeholders can capitalize on increasing interest in the smart home Internet of Things market

A new report from looks at the shift in the smart appliances market as a subset of the smart home Internet of Things (IoT) trend, examining factors behind the market growth cycle and providing recommendations to key stakeholders.

While a variety of smart home products like smart thermostats, connected lighting, and smart locks are experiencing a wave of adoption, smart appliances haven’t found the same success. Consumers have mostly avoided smart appliances due to higher price points and a lack of perceived value, but this is starting to change. : According to a new report from , the smart appliances market is finally poised for growth.

“The growing smart home IoT market is helping drive new interest in the typically sluggish smart appliances subsegment,” says Neil Strother, principal research analyst with Navigant Research. “The smart appliance market segment is now ready for a healthy growth spurt over the next decade as appliance manufacturers, retailers, and utilities embrace smart appliances, and then convince buyers of the benefits that include enhanced energy efficiency, improved maintenance capabilities, and greater convenience through connectivity.”

According to the report, with proper focus by industry stakeholders, smart appliances could become a much more robust market segment that benefits both buyers and sellers. Stakeholders should be able to ride the IoT smart home wave, executing on key strategies outlined in the report.

The report, , analyzes the shift in the smart appliances market as a subset of the smart home IoT trend and what this shift means for the many stakeholders, which include manufacturers, retailers, utilities, home builders, regulators, and insurers. The study examines the market growth cycle in different regions, as well as the drivers and barriers related to smart appliances. It also provides recommendations on how the key stakeholders can spur smart appliance adoption around the world. An Executive Summary of the report is available for free download on the

Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, Smart Appliances Expand Smart Home IoT Opportunity for Energy Customers, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Read more: The Smart Appliances Market is Finally Poised...

To enhance competitiveness and customer acceptance, utilities and service providers should focus on key differentiators of opportunities for the commercial and industrial segment

A new report from examines the global market for commercial and industrial demand response (CIDR), providing market forecasts for capacity, sites, spending, and revenue, segmented by region, through 2027.

Commercial and industrial facilities represent an important target for utilities and demand response aggregators. While industrial facilities contribute significantly large amounts of load reduction, collective efforts from small and medium commercial customers are also capable of big impacts, especially as the large commercial market becomes saturated. : According to a new report from , global annual revenue for CIDR is expected to grow from $1.9 billion in 2018 to $2.9 billion in 2027.

“While traditional forms of demand response continue to be deployed today, newer forms are emerging and are being integrated with other distributed energy resources (DER), such as energy storage and electric vehicles,” says Brett Feldman, principal research analyst with Navigant Research. “Additionally, as renewable energy adoption continues to increase, demand response provides a key benefit in its ability to help integrate renewable resources by taking advantage of low cost, off-peak energy when wind and solar are abundant.”

In order to enhance CIDR competitiveness and customer acceptance, utilities and service providers should focus on key differentiators of markets and program opportunities, stacking the values as they open up to demand response. According to the report, it’s also important to not look at DR as in a bubble, but to consider it within the context of other DER offerings, including storage, distributed generation, and energy efficiency, to provide the greatest value proposition for customers.

The report, , examines the global CIDR market in five major geographic regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The study provides an analysis of the market issues, including drivers and barriers, associated with global CIDR development. Global market forecasts for capacity, sites, spending, and revenue for CIDR, segmented by region, extend through 2027. The report also explores global CIDR trends to highlight varying regional activity and markets. An Executive Summary of the report is available for free download on the .

Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, Market Data: Demand Response for C&I, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Read more: Annual Revenue for Commercial & Industrial...

As IoT technologies become more popular, new threats are appearing and the need for stronger IoT security endures

A new report from looks at cybersecurity threats related to the Internet of Things (IoT) that pose challenges to utilities and other enterprises, providing details on regulatory frameworks and basic strategies for secure IoT implementation.

Cybersecurity attacks threaten the grid, enterprises, and consumer devices on a nearly constant basis, putting valuable digital assets, private information, and corporate secrets at risk, while also carrying the potential for physical harm. As IoT technologies become more popular, new threats are appearing and the need for stronger IoT security endures. : According to a new report from , growing adoption of IoT devices and systems is increasing the number of vectors and surfaces for cybersecurity attacks against utilities and other enterprises.

“The mushrooming number of IoT devices being deployed by utilities and other enterprises carries an obvious and growing security risk,” says Neil Strother, principal research analyst with Navigant Research. “Smart managers need a comprehensive strategy to stay ahead of potentially devastating threats to IoT assets. No longer can managers rely on an old-school reactive approach; instead, they and their security teams must adopt the latest proactive and predictive tools and methodologies to keep devices and systems safe.”

According to the report, the urgency to proactively prevent threats has escalated quickly in the past few years, with corporate customers demanding robust security along value and supply chains. On the consumer side, there is a similar need to improve security for connected home devices and services.

The report, , examines the IoT cybersecurity threats challenging not only utilities, but also other enterprises that have deployed or will be deploying IoT technologies. It examines some of the regulatory frameworks shaping this market and considers the basic strategies that often go unheeded but are necessary for a successful and secure IoT implementation. This study also offers practical steps that stakeholders should take to significantly reduce the ongoing risks they face from cyber attacks. An Executive Summary of the report is available for free download on the .

Contact: Lindsay Funicello-Paul

+1.781.270.8456

* The information contained in this press release concerning the report, Managing IoT Cybersecurity Threats in the Energy Cloud Ecosystem, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Read more: IoT Adoption Is Increasing the Risk of...

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