Drones for Energy Industry Global Market – Overview
The global drones for energy industry market has witnessed a remarkable growth in the past few years and it has been anticipated that the market will grow at the rapid pace during the forecast period. Drones for energy are poised to grow at a substantial rate as the industry is investing in the services provided by an unmanned aerial vehicle, for line-of-sight applications, to observe ocean-going ships, to inspect offshore platforms and refineries, to inspect or monitor power lines, wind turbine, solar panel. These drones provides and process accurate data from the remote systems, where human access is difficult and is also a cost effective & less time consuming inspection technique compared to manual inspection. As per the study conducted by Market Research Future, the global market for drones for energy industry is likely to grow at the CAGR of around 25.53%.
Drones for energy industry can be defined as, an unmanned aerial vehicle used to inspect or monitor power lines, wind turbine, solar panel, offshore rigs and flarestacks for preventive maintenance of the system. These drones provides and process accurate data from the remote systems, where human access is difficult and is also a cost effective & less time consuming inspection technique compared to manual inspection. The drones for energy industry is driven by various factors such as accurate assessment of operating condition of assets, and effective cost reduction compared to manned operations. However, federal regulations limiting the usage to line-of-sight, lack of technological advancements for processing the raw data will act as restrains for the drones for energy industry market, globally.
Drones for energy industry are cost effective as compared to manual inspection. Drones for energy industry are easy, flexible and convenient for use. Drones helps reduce the economic cost associated with inspection or monitoring of the large scale remote system. Drones provides aerial images, which helps the operator receive them in real-time and can assess the faults from his location itself, thus eliminate the manual error associated with site inspection and risk associated with the inspection in remote, high altitude and offshore operations.
Cost effectiveness is one of the major drivers for the growth of drones for energy industry market, forcing renewable & conventional power project and oil & gas developers, in locations where project is large scale or is discrete and located offshore, to utilize drones for inspection and monitoring. These drones prove economic feasibility for a discrete site assessment, for reliable and cost effective inspection, and, thus increase the demand of drones for energy industry market.
Geographically, Asia-Pacific is the largest power producer globally, and is the largest market for renewable energy generation across the globe. The drones for energy industry market is emerging in countries such as China, India, and Japan, and is estimated to grow at a high rate in the forecast period. North America is expected to show a high rate of growth in drones for energy industry market over the coming years, owing to increase in adoption of drones for inspection, leak and spillage detection, and surveillance activities, majorly in oil & gas and power sectors. Factors such as increase in inspection, maintenance and surveillance operations of oil & gas platforms, power plants, pipelines, solar plants, and wind turbines in the region driving the market towards growth.
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Drones for Energy Industry Global Market Key Players:
AeroVironment, Inc. (US), DJI (China), Aeryon Labs Plc. (UK), Aibotix GmbH Limited (UK), Ascending Technologies Inc. (Canada), UAVision. (Canada), Drone America (US), Draganfly Innovations Inc. (US), ING Robotic Aviation (Canada) and Microdrones (Germany) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global drones for energy industry market.
Drones for Energy Industry Global Market Industry News
In October, 2016 – Intel Announces Intel Falcon 8+ UAS., at the INTERGEO drone conference in Hamburg, Germany, Intel has built the AscTec Falcon 8 system and announcing the release of the Intel Falcon 8+ for North American markets.
In October, 2016 – Aibotix, the leading provider of Unmanned Aerial Vehicle (UAV) solutions, presented the latest innovations in UAV technology in celebration of the five-year anniversary of the Aibot X6 UAV at INTERGEO 2016 at Hall A3, Booth D3.033.
In October, 2016 – Delair-Tech and Microdrones has jointly became official UAS suppliers for Trimble’s worldwide distribution network, Microdrones is now showcasing four new mapping solutions (called mdMapper)