Sarasota, FL -- (SBWIRE) -- 07/17/2018 -- The new report by Zion Market Research on the "In-Pipe Inspection Robots Market — Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026" has a vast information about the market and its potential.

The global in-pipe inspection robots market was valued at around USD 605 million in the year 2017 and is expected to reach over USD 2,450 million by the end of 2026 growing at a CAGR of more than 16.5% between 2018 and 2026.

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Pipeline networks are majorly used for transporting oil and gas, drinkable water, effluent water, etc. In the U.S., the length of the pipeline is around 2,225,032 km. Out of which, 1,984,321 km is a gas pipeline and 240,711 km is oil pipeline. Moreover, the petrochemical industry is also increasingly adopting pipeline transport. As the demand for oil and gas is increasing across the globe, it is expected that the pipeline network will increase in length in the near future. This increasing demand for the pipeline networks anticipates increasing the demand for the in-pipe inspection robots. The in-pipe inspection robots are used for operations such as cleaning, maintenance, and inspection of the pipeline networks in order to eliminate the human interference. Manual inspection of the pipelines requires a lot of manpower which incurs additional cost for the companies. Usage of in-pipe inspection robots, though expensive, works with accuracy and generates positive cash flow over a period of time. This is likely to boost the use of in-pipe inspection robots market over the forecast period.

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However, the in-pipe inspection robots market is expected to face some challenges such as high capital investment and inability to move in T-shape pipe. This is projected to negatively impact the in-pipe inspection robots over the forecast period.

According to the analysis, the in-pipe inspection robots market will have a significant contribution from the petrochemical industry. The diameter robot segment will grow with a CAGR of 17.62% from 2018–2026. The diameter robot product type segment contributed USD 224.99 million in 2017 and it is expected to reach USD 965.86 million by 2026. Diameter robots are capable of moving through very small pipes. It can be used to inspect the flow properties through various sizes of pipes ranging from 150 mm to 5000 mm. Hence diameter robots are being widely used in several applications and are projected to grow at a significant CAGR over the forecast period.

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Global In-Pipe Inspection Robots Market: Product Type Segment Analysis

Thickness Measuring Robot
Diameter Robot
Welding Pipe Robot
Others

Global In-Pipe Inspection Robots Market: Application Segment Analysis

Water Supply Facilities
Oil Pipeline
Gas Pipeline
Plant