Market overview:
Drones Market for Energy Industry is valued at USD 69.4 billion and is expected to grow at a CAGR of 14.30% between 2022 and 2030. Inspections are required in the energy sectors of oil, wind, solar, and gas, but they can be time-consuming and costly. Drones flying over utility sites allow for faster damage detection and problem resolution. It can inspect PV module malfunctions, generate vegetation monitoring and solar power plant thermography, and check for degradation and dust saturation over PV modules. Furthermore, the drone can detect blade defects and edge erosion on the turbine and inspect and monitor the turbine blade lightning receptor, nacelle, and tower. Overall, these factors will play an important role in driving the Drones Market for Energy Industry Size in the coming years. Furthermore, the global market employs advanced inspection techniques rather than manual inspection, which increases demand in this global market.
The introduction of COVID-19 in 2020 had a negative impact on the Drones Market for Energy Industry Market Outlook Growth. The supply chain and manufacturing have been disrupted at this time. In addition, the global market has lost some of its most important investors. However, the current situation has changed, and the forecast period is expected to meet the higher Drones Market Energy Industry Market Size. Global market participants are expanding through various acquisitions and strategic mergers and increased investments in RD, product launches, cost-effective product portfolios, and innovation.
Key Players:
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).
Market segmentation:
The global Drones Market for Energy Industry is segmented by drone, industry, and application types.
According to the drone type:
Hybrid Drone
Rotary Blade Drone
Fixed Wing Drone
According to the industry type:
Oil Gas
Power
Renewable
According to the application type:
Security and Surveillance
Inspection
Leak and Spillage Response
Regional analysis:
The global Drones Market for Energy Industry Market Insights has been divided into several regions, including Asia-Pacific, Europe, North America, and the rest of the world.
The Asia-Pacific marketing region is the world's largest renewable energy generation and power producer market. Furthermore, China, India, and Japan are developing energy-related drones. As a result, this region is expected to generate the largest Drones Market for Energy Industry Market Share. Furthermore, the North American region is expected to experience higher market growth during this Market Forecast period due to the growing adoption of drones for inspection, surveillance activities, and leak and spillage detection, particularly in the industrial sectors of power and oil gas.
Recent developments:
X-Terra Resources Inc. contracted with Vision 4K in January 2021 and conducted a detailed drone magnetic survey on the Northwest property in New Brunswick. Vision 4K. The survey covered 82 kilometers, covering approximately 2.1 square kilometers. This survey aimed at identifying drill targets by applying a detailed overprint of subtle structures at Rim.
Cyberhawk Innovations Limited, a drone-based inspection service provider, was awarded a five-year contract to provide drone inspection and data visualization services to a leading liquefied natural gas (LNG) producer in October 2020. The company will gather data on Middle Eastern offshore and onshore oil and gas assets.
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