Drones Market For Energy Sector Projected to Grow at CAGR of 25.08% and Reach USD 8,390.5 Mn By 2023

“Drones Market for Energy Industry”
Global Drones For Energy Industry Market, By Drone type (Fixed Wing Drone, Rotary Blade Drone and Hybrid Drone), By Industry Type (Oil & Gas, Power and Renewable), By Application (Inspection, Leak and Spillage Response and Security and Surveillance) and Region – Forecast 2017-2023. Oil and Gas Industry Accounted For Largest Market Share of 67.2% in 2016, Projected to Grow at a CAGR of 25.03% during 2017-2023.

The Global Drones Market for Energy Industry is led by some of the fervent players including DJI (China), AeroVironment, Inc. (US), Aeryon Labs Plc. (UK), Ascending Technologies Inc. (Canada), Aibotix GmbH Limited (UK), UAVision. (Canada), Draganfly Innovations Inc. (US), Drone America (US), Microdrones (Germany) and ING Robotic Aviation (Canada). Profiling them in its analysis MRFR finds out their strategies placing them at the forefront of completion.

Get a Sample Copy of Global Report “Drones for Energy Industry Research -Forecast to 2023” @ https://www.marketresearchfuture.com/sample_request/3847

Drones for Energy Industry – Synopsis

Drones used in the energy industry ensure enhanced workplace safety along with reduced human effort and time, easing various tedious tasks such as inspection, spillage response, and surveillance.  Therefore, Drones perceive extensive uptake across energy sectors, for inspection and maintenance of assets like the power plant, power plants, energy distribution networks, pipelines, and rigs, etc.

Manufacturers of drones are constantly exploring avenues to utilize their expertise in the Power sector that can enhance their productivity driving innovation in O&G around the world. Concurrently, energy plant operators are trying to make their plants to be the most carbon-efficient, while exploring the offshore energy generation opportunities. These factors commutatively substantiate the market growth of Drones for Energy Industry

Simultaneously, substantial investments in the area of UAV services (unmanned aerial vehicle) are defining the market landscape, improving line-of-sight applications such as surveillance of ocean-going ships, inspection of offshore platforms & refineries, and monitoring of power lines, wind turbine, solar panel, etc.

Acknowledging the traction, this market is vibrating with currently; Market Research Future (MRFR) has recently published a study report giving out the complete market forecast up till 2023. According to MRFR, the global Drones Market for Energy Industry gaining further prominence will reach to 8,390.5 Million By 2023 registering a CAGR of 25.53 % throughout the forecast period (2017 – 2023).

Other factors that contribute to the market growth include growing advancements in the Drones technology and the rising uptake of drones in the power sectors for monitoring purposes.  Complexities of monitoring & inspection of remote and discrete systems influence the market growth.

On the other hand, factors such as the federal regulations that limit the utilization of drones and the technological incompetency for processing the raw data are inhibiting the market growth to an extent.

Detail Analysis of “Drones for Energy Industry Research Report – Global Forecast to 2023” @ https://www.marketresearchfuture.com/reports/drones-energy-industry-market-3847

Drones for Energy Industry – Competitive Analysis

Space, characterized by the presence of some well-established players appears to be highly competitive. Well established players incorporate collaboration, acquisition, partnership, technology launch, and expansion.

Industry/ Innovation/ Related News

May 20, 2018 – UK – Wales & West Utilities announced a three-year programme Pathfinder – UK’s first and a designated government project to explore how the application of drone technology could transform the way the industry carries out essential maintenance tasks. The project is a collaboration between Wales & West Utilities with Northern Gas Networks, Cadent, National Grid Gas Transmission, Northern Powergrid, UK Power Networks, and Scottish & Southern Electricity Networks.

Drones for Energy Industry   – Segments

MRFR has segmented the analysis into 4 Key dynamics;

By Drone Types: Comprises – Fixed Wing & Rotary Blade Drone, and Hybrid Drone, among others

By Industry Types: Power & Renewable and Oil & Gas, among others.

By Applications: Inspection, Leak & Spillage Response and Security & Surveillance among others.

By Regions: North America, Europe, APAC & Rest of the World. 

Segment Fixed Wing Drone by drone types, accounted for the largest, as in 49.7% of the market share, in 2016, and is further estimated to register 25.08% CAGR during the forecast period.

Segment O&G by industry types, accounted for the largest, as in 67.2% of the market share, in 2016, and is further estimated to register 25.03% CAGR during the forecast period.

Press Release for “Drones for Energy Industry Research Report – Global Forecast to 2023” Available @ https://www.marketresearchfuture.com/press-release/global-drones-energy-market

Drones for Energy Industry – Regional Analysis

North America region dominates the global market, holding the largest market share. Increased inspection, maintenance & surveillance operations of O&G platforms, pipelines, power plants, solar plants, and wind turbines coupled with the increased adoption of drones to run those operations smoothly are some of the key factors driving the regional market growth. The US, backed by the augmented uptake of drones for inspection, leak & spillage detection, and surveillance activities in the power sectors, accounts for the major growth contributor. 

Globally, Europe region accounts for the second largest market for the Drones for Energy Industry, owing to the presence of the large O&G reserves in the region and the increased uptake of drones for maintenance & surveillance operations. The resurging economy is undoubtedly a key factor fuelling the technological advancements in the region.

Asia-Pacific region is emerging as the rapidly growing market for the Drones for Energy Industry, owing to the increasing technological advancements and utilization of drones for the inspection & surveillance operations of O&G platforms, mainly in countries such as India China, and Japan.  Asia-Pacific region is the largest producer and consumer of energy and is the largest market for renewable energy generation across the globe.

However, the adoption of drones in the energy industry has just started to pick up recently. Nonetheless, currently, the uptake of drones in the Power sector is multiplying vigorously.

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