Published on : Oct 22, 2019
Albany, New York, October 22, 2019: Oil and gas industry has revived and operates in smarter, more efficient and technology driven manner. Potential impact of digitalization in saving money and energy with long term benefits, have been acknowledged by the industry leaders. Digitalization in oil and gas industry has been slow but steady.
Wearable technology have gained immense popularity across the globe and oil and gas industry is actively embracing it. This technology is adopted on the pretext of gaining benefits from its positive attributes that include increased profitability, air decision making, greater customer satisfaction, increased operational resilience and enhanced agility. Vast data collected by wearables in drilling rigs in oil fields help operators to analyze them and take strategically intelligent decisions. Wearable technology facilitates preventive and proactive maintenance measures by monitoring stress on different assets such as built in pressure. Wearables aid companies in oil and gas industry to promote greater sustainability and attain higher customer satisfaction by connecting to various digital platforms.
An intelligence report titled, “Wearable Tech in Oil & Gas – Thematic Research” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository
Employee location traceability
Wearable devices continuously monitor various employee attributes such as location and movement, and help to detect potentially hazardous situations that include accidents and gas leaks. Field workers are benefitted by using wearable devices as they get access to real-time instant information regarding facilities, maintenance activities, equipment and inspections.
Wearable gas sensors are a breakthrough in oil and gas industry as they provide accurate descriptions of any physical phenomena and its wireless sensor network can be deployed in harsh environment where wired network cannot reach. It is low maintenance rapidly responding network that measures toxic gases including Methane and Carbon Monoxide. Rechargeable solar battery stretches the wearable’s life to several years making it a cost-effective solution
Wearable tech in oil & gas: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Wearable tech in oil & gas. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Wearable tech in oil & gas. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on wearable tech in oil & gas.
An insightful and deep-dive assessment of the competitive assessment of the Wearable tech in oil & gas pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Wearable tech in oil & gas. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Wearable tech in oil & gas: Research Methodology
Primary sources and secondary sources propel intelligence report on Wearable tech in oil & gas that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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