Pune, India -- (SBWIRE) -- 11/10/2017 -- Market Highlights:
Drones are increasingly being implemented in the energy industry to inspect oil rigs, utility plants, and gas pipelines and also wind turbines. Powerful computers and better battery technology has dramatically improved the operations of drones and they can also carry other sensor equipment such as thermal cameras, ultrasonic sensors, and laser scanners for predicting breakdowns & leakage spots.
Drones are effective in enabling safe and efficient operations in the energy industry. Inspection activities in the past were done through a complicated procedure with personnel inspecting pipelines & blades and everything from up close. This was particularly inefficient and dangerous in remote locations and physically inaccessible areas. The entire operations have now been replaced by drones and intervention; repairs will only be done in case of actual damage. With huge cost reduction and the elimination of the necessity to work at heights, make it a much safer operation.
The market has been analyzed based on industry types, applications, drone types and regions. On the basis of industry type, the oil and gas, power and utility and clean energy sectors are expected to dominate the market for drones for energy industry. There is rise in the use of drones for pipeline inspection, wind turbine ware and tare monitoring and also identifying new deposit of resources in remote regions. On the basis of application, rig inspection, pipeline leak & spillage response and security & surveillance of energy resources major use drones. Different types of drones, such as fixed wing drone, rotary blade done, nano drones and hybrid drones, are used in these operations.
Global Drones for Energy Industry Market is predicted to grow at approximately 8.5% by 2023.
The major players operating in drones for energy industry market are:
- AeroVironment, Inc. (US),
- Aerovel Corporation (USA),
- BAE Systems Plc. (UK),
- Cyberhawk Innovations Limited (UK),
- Draganfly Innovations Inc.(Canada),
- ING Robotic Aviation (Canada),
- Lockheed Martin (US),
- Northrop Grumman Corporation (US),
- Proxy Technologies Inc. (US),
- Sky-Futures (UK)
- VDOS Global LLC(U.S.).
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North-America region is expected to grow at the fastest rate:
The Oil and gas industry is the backbone of North-American economy for many years now. The Gulf of Mexico has many oil and gas facilities that cannot be physically accessed and many of these facilities are old facilities. Huge pipelines connect these facilities to the main land and continuous inspection of these facilities are necessary for safe operations. Recent slump in oil and gas prices are forcing oil and gas operators to find cost effective methods to access inspection and asset management. Despite this, the drone technology is pretty established in the North American region, specifically in the U.S, owing to the higher investment in drone technology and presence of major manufactures in the country. Drones for energy industry are expected to be more implemented in oil and gas industries, utility industries, clean energy industry in the North-America region, particularly in the U.S and Canada.
Market Research Analysis:
Oil and Gas industry is expected to grow at the highest rate:
With unexpected drop in crude oil prices, the oil and gas industry is finding ways to cut costs incurred in exploration and inspection activities and drones are increasingly seen as the smart tech to make cost savings. The growing utilization of drones in the oil and gas segment is due to the ability of drones to inspect pipeline faults and predict operational failures. Moreover, drones are used to access remote regions to find new potential deposits and oil sources. Drones can also carry additional sensors such as thermal cameras, ultrasonic sensors, and laser scanners, which further aids in oil and gas inspection activities.
"Global Drones for Energy Industry Market is expected to experience significant growth during the forecast period:"
Scope of the Report:
The scope of the study segments the global drones for Energy Industry storage market by industry type, by application, by drone type and by region.
Global Drones for Energy Industry Market, By Industry Type:
- Oil and Gas
- Power and Utilities
- Clean Energy
Global Drones for Energy Industry Market, By Application:
- Rig Inspection
- Pipeline leak and spillage response
- Security and surveillance
Global Drones for Energy Industry Market, By Drone Type:
- Fixed Wing Drone
- Rotary Blade Drone
- Nano Drone
- Hybrid Drone
Global Drones for Energy Industry Market, By Region:
- North America
- Rest of the world
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Table of Content:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter's Five Forces Analysis
4 Global Drones For Energy Industry Market, By Industry Type
4.2 Oil And Gas
4.3 Power And Utility
4.4 Clean Energy
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