Today due to technological advancement, the use of drones is increasing. Market Research Future (MRFR) has published a research report about the global drones for energy industry market that anticipates huge aggrandizement at 25.53% CAGR (Compound Annual Growth Rate) for this market between 2017 and 2023. By value, this market is expected to be worth the US $ 8,390.5 mn by the end of forecast period.
The most important factor driving the global drones for energy industry market growth is complexity in inspection & monitoring of remote and discrete systems. Another factor contributing to market growth is the availability of advanced technology in developed countries. However, the federal regulations limiting the usage of drones and lack of technological advancements (in developing countries) for processing the raw data can hamper the market growth.
The global drones for energy industry market segmentation has segmented the market into application, drone type, industry type, and lastly, region. The application-based segmentation segments this market into inspection, leak, security, spillage response, and surveillance. By drone type, this market has been segmented into rotary blade drone, fixed-wing drone, and hybrid drone. As per industry type, the market has been segmented into oil & gas, power, and renewable.
The regional segmentation of the global drones for energy industry market segments the global market into regional markets known as the Asia Pacific, North America, Europe, the rest of the world (RoW). The Asia Pacific is the largest global power producer as well as the largest market for renewable energy generation in the whole world. The emerging country-specific markets in this region are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.
During the forecast period, the market in North America is expected to grow at a high rate. In this region, the major reason for market growth is the increase in the adoption of drones for inspection, leak & spillage detection, and surveillance activities, majorly in oil & gas and power sectors. Some other factors helping the market growth are technological advancement, increase in inspection, maintenance & surveillance operations of oil & gas platforms, power plants, pipelines, solar plants, and wind turbines in this region. The strongest country-specific markets in this region are USA and Canada.
Europe is an important regional market due to technological advancement that is second only to North America. The strongest country-specific markets in this region are France, Germany, Spain, and the UK, followed by the rest of Europe.
The key players in the global drones for energy industry market include Aeryon Labs PLC. (UK), AeroVironment, Inc. (USA), Aibotix GmbH Limited (UK), Ascending Technologies Inc. (Canada), DJI (China), Drone America (USA), Draganfly Innovations Inc. (USA), ING Robotic Aviation (Canada), Microdrones (Germany), and UAVision (Canada).
Latest Industry News
- Surveying and engineering firm SLS Land & Energy Development have acquired Global Drone Surveying & Inspections, combining the existing drone fleets of the two companies. 17 JAN 2019
- The federal government of Canada is imposing a series of new restrictions on the use of drones. The new rules require operators to be at least 14 years old and calling on all owners to register their recreational and commercial devices with Transport Canada. The rules include restrictions on the use of drones within nine kilometers of airports. One of the biggest associations of drone operators in Canada, Unmanned Systems Canada (USC), has worked with the Canadian government to develop new rules for nearly a decade. 8 JAN 2019
- The New York Power Authority (NYPA) has received a $125,000 grant from the American Public Power Association (APPA). This grant has been given under the Demonstration of Energy & Efficiency Development (DEED) program. The purpose of this grant is to fund the research and integrate light detection and ranging (LiDAR) technology into NYPA’s existing in‑house Unmanned Aircraft System (UAS) program for vegetation management inspections along NYPA’s transmission lines. 19 JAN 2019
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) – Global Forecast till 2025 @ https://www.marketresearchfuture.com/reports/drones-energy-industry-market-3847