Drones Market for Energy Industry Information by Drone Type (Fixed-Wing Drone, Rotary Blade Drone and Hybrid Drone), By Industry Type (Oil & Gas, and Power and Renewable), by Application (Inspection and Leak and Spillage Response and Security and Surveillance), By Technology (Hardware and Software) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa and Latin America) - Forecast till 2030
ID: MRFR/A&D/2559-CR | July 2019 | Region: Global | 103 Pages
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Drones Market for Energy Industry
Drones Market for Energy Industry Size Valued at USD ,69.4 Billion market Grow at a CAGR Of 14.30% by 2022 -2030
$69.4 Billion
14.30%
Asia Pacific
2022-2030
Drones Market in Energy Industry Overview
Drones Market for Energy Industry Estimated at USD 69.4 Billion By 2030 at a CAGR Of 14.30%.Forecast period 2022-2030
In the past few years, remarkable growth has been evident in the Drones Market for Energy Industry Market. Further, the global market has expected to account for higher market growth in the upcoming years. Drones have drastically transformed inspection services and aerial surveys with the development of drone battery technology and sensors. With this flying device which carries cameras, it is now easy to access difficult areas.As per the Drones Market for Energy Industry Market Trends report, drones can inspect and monitor the PV modules installed at utility-scale, building, or integrated rooftop systems. Also, it can inspect malfunction of PV modules, inspect for degradation, produce the solar power plant thermography, vegetation monitoring, and dust saturation over PV modules. Moreover, the drone can detect the blade defects and edge erosion over the turbine, inspecting and monitoring the turbine blade lightning receptor, nacelle, and tower. Additionally, the transmission lines for vegetation management have the high prior use of drones to prevent trees from transmission lines interfering through the monitoring process. Overall, these factors play an essential role in generating the higher Drones Market for Energy Industry Market Size in the upcoming years.
Market Overview
- Major Drivers of the Market
In this global market, substantial growth has been observed due to advanced inspection techniques, making it less time-consuming and more cost-effective, and offering and processing accurate data from remote systems.
In the present scenario, the UK government announced a wider £33.5 million investment and the 28 potential drones to deliver COVID-19 supplies and fight fires. This shows the increasing demand for the global market as per the Drones Market for Energy Industry Market Outlook report.
- Opportunities of the global market
According to the Drones Market for Energy Industry Market Outlook report, the global market has more opportunities for the key player and manufacturers due to the flexibility and reliability of the drones for the energy market.
Moreover, the continuous efforts of the market leaders on developing the Drones Market for Energy Industry Market are bringing lots of innovations and productive results to the industry.
- Market Restraints
The global Drones Market for Energy Industry Market might experience market restraints due to the lack of technological advancements for raw data processing and federal regulations limiting the line-of-sight usages across the world.
The market players observe these market restraints to bring better outcomes to the Drones Market for Energy Industry Market.
- Market Growth challenges
The global Drones Market for Energy Industry Market might face challenges as remote & discrete system's conventional assessment, inspection, and monitoring requires more high-tech equipment, skilled manpower, ropes, cranes, scaffolding, or ladders. Also, it can increase the risk associated with it and increases the overall maintenance cost.
In addition to this, the high labor cost for the discrete inspection can bring more challenges to this market Growth.
- Cumulative growth Analysis
The increase in surveillance operations, inspection, and maintenance of power plants, pipelines, oil & gas platforms, wind turbines, and solar plants are bringing more scope to the global Drones Market for Energy Industry Market. This is increasing the market growth and investment in research and development.
Therefore, the key players of various regions are making more efforts to generate the Drones Market for Energy Industry Market Revenue for the research period.
Market Segment Overview
The global Drones Market for Energy Industry Market has more scope, and it is segmented into drone types, applications, and industry types.
- By Type:
Based on the drone type segment, the global Drones Market for Energy Industry Market has been classified into Rotary Blade Drone, Hybrid Drone, and Fixed Wing Drone.
Among these, the Rotary Blade Drone and Fixed Wing Drone have the higher demands in the global market, which is projected to account for the significant Drones Market for Energy Industry Market Share for the assessment timeframe.
- By Application:
The global Drones Market for Energy Industry Market has been segregated into inspection, security and surveillance, and leak and spillage response based on the application segment.
According to this market Forecast report, these many heavy drone applications can bring more growth opportunities in the upcoming years.
- By Industry Type:
This market has been segmented into power, oil & gas, and renewable based on industry type segment.
Drones can detect corrosion, leakages, and other issues associated with the oil & gas pipelines and rigs. This is the reason behind the growth of the Drones Market for Energy Industry Market in the oil & gas industry type.
Regional Analysis
Geographically, the global market has been segregated into various regions such as Asia Pacific, North America, Europe, and the rest of the world.
The Asia Pacific marketing region is considered the largest market for renewable energy generation and the largest power producer globally. Moreover, the countries like India, China, and Japan are developing drones for the energy market. Hence, this region is estimated to generate the higher Drones Market for Energy Industry Market Share for the review period. Along with that, the North American region is projected to witness higher market growth in this Market Forecast period due to the growing adoption of drones for leak and spillage detection, inspection, surveillance activities, especially in the industrial sector of power and oil & gas.
Competitive Landscape Analysis
According to this market analysis, the global market has high competition across the globe. These competitive key players are:
- Microdrones (Germany),
- DJI (China),
- Aibotix GmbH Limited (UK),
- Drone America (US),
- Draganfly Innovations Inc. (US),
- ING Robotic Aviation (Canada),
- Aeryon Labs Plc. (UK),
- AeroVironment, Inc. (US),
- Ascending Technologies Inc. (Canada),
- Univision. (Canada).
The global market has involved diversified international organizations and various dynamics. New entrants form a competitive landscape and domestic organizations to drive market growth and maintain the higher position of the global market.
Recent Development
- In October 2016, Intel Falcon 8+ UAS was announced by the Intel Company at the INTERGEO drone conference, held in Hamburg, Germany.
- In October 2016, the latest innovations in UAV technology were presented by the leading Unmanned Aerial Vehicle (UAV) solutions providers named Aibotix. It was presented on the fifth anniversary of the Aibot X6 UAV celebrations at INTERGEO 2016.
Report Overview
Qualitative and quantitative analysis has been involved in measuring the performance of the global market as per the Drones Market for Energy Industry Market Analysis. This report has included the market segments, market dynamics, market overview, regional analysis, competitive analysis, and recent developments to highlight the key areas of problems and growth.
Apart from that, the Drones Market for Energy Industry Market Analysis report has also highlighted the key strategies of the market leaders to enhance the market growth in the upcoming years.
Segmental Table:
By Drone Type:
- Rotary Blade Drone
- Hybrid Drone
- Fixed Wing Drone
By Application:
- Inspection
- Security and Surveillance
- Leak and Spillage Response
By Industry Type:
- Power
- Oil & Gas
- Renewable
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 69.4 Billion |
| CAGR | 14.30%. |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Drone Type, By Industry Type, Application, Technology,Region |
| Geographies Covered | Asia Pacific, North America, Europe, |
| Key Vendors | Airbus Group,Air France KLM Engineering & Maintenance, Air Works,Delta TechOps,HAECO,Honeywell International,GMF AeroAsia,Jet Maintenance Solutions,ST Aerospace,GE Aviation,Rolls-Royce,Pratt & Whitney,Lufthansa Technik,Safran Aircraft Engines |
| Key Market Opportunities | energy industry highly requires drones due to their nature of cost-effectiveness, accuracy, reliability, and flexibility |
| Key Market Drivers | substantial growth has been observed due to advanced inspection techniques |
Frequently Asked Questions (FAQ) :
Drones Market for Energy Industry Estimated at USD 69.4 Billion By 2030 at a CAGR Of 14.30%.orecast period 2022-2030
Microdrones (Germany),,DJI (China), ,Aibotix GmbH Limited (UK), ,Drone America (US), ,Draganfly Innovations Inc. (US), ,ING Robotic Aviation (Canada),,Aeryon Labs Plc. (UK),,AeroVironment, Inc. (US),,Ascending Technologies Inc. (Canada), ,Univision. (Canada).
The growth of the Drones Market for Energy Industry is majorly influenced by the complexity in inspection & monitoring of remote and discrete systems. However, the federal regulations limiting the usage of drones and lack of technological advancements for processing the raw data are restraining the growth of the Drones Market for Energy Industry.
Asia-pacific is the Largest Power Producer Globally and is the Largest Market for Renewable Energy Generation Across the Globe. The Drones Market for Energy Industry is emerging in countries such as China, India, and Japan, and is estimated to grow at a high rate in the forecast period.
