USD 572.5 billion
Report ID:
SQMIG45I2186 |
Region:
Global |
Published Date: January, 2025
Pages:
157
|Tables:
66
|Figures:
73
Global Drones in Energy Sector Market size was valued at USD 572.5 billion in 2023 and is poised to grow from USD 700.74 billion in 2024 to USD 3530.27 billion by 2032, growing at a CAGR of 22.4% during the forecast period (2025-2032).
The Global Drones in Energy Sector Market refers to the application of unmanned aerial vehicles (UAVs) or drones across diverse applications related to different sectors within the energy industry on an international scale. This market represents a broad range of industries, such as oil and gas, renewable sources, energy utilities, construction industry and power generation where drones find numerous purposes.
The main use cases of drones in the energy sector are inspection & surveillance, monitoring pipelines and condition assessment evaluation for power plant thermal scanning surveys to install renewable energies captured at operating sites. These unpiloted systems are also pivotal in cost reduction by eliminating the need for manual inspections which come with certain dangers and lead to enhanced data information concerning decision making. The worldwide application of drones within the oil and gas field is facilitated with a million factors like enhanced safety measures, improved productivity as well as accurate data collection in somewhat adverse & remote environments.
With further advancement in technology, the drones in the energy sector market are forecasted to register a healthy growth rate while technological innovations and developments will help them improve their performance as well identify more application areas throughout different stages of the energy value chain.
Based on SkyQuest's comprehensive analysis, drones are emerging as a pivotal technology in the energy sector, particularly in the wind turbines market, where they are positioned as alternatives to ground-based solutions. With the energy industry investing approximately US$ 8 billion annually in wind farm maintenance, the need for preventive maintenance checks on wind turbines, including manual inspections for signs of wear and tear, is significant.
Drones offer a solution by enabling 360-degree inspections, maintaining a centralized data repository, transporting maintenance equipment, and charting automatic flight paths for erosion and crack detection through on-demand remote monitoring. However, a limiting factor is the variable wind speeds in wind turbine environments, which may exceed the operational limits of drones, posing a barrier to their widespread adoption.
Moreover, our study highlights numerous close-range applications of drones in the energy sector, particularly around power lines, where they play a crucial role in vegetation growth monitoring and damage detection to prevent power outages or fire damage. Drones equipped with thermal sensors further enhance their utility by pinpointing discharge and overheating lines, facilitating timely maintenance interventions.
Despite their potential, challenges such as the need for electromagnetic shielding, pilot training requirements, and Beyond Visual Line of Sight (BVLOS) restrictions hinder their widespread adoption in this segment. These insights underscore the key demand-side trend of integrating drone technology into energy sector operations to enhance efficiency and reliability.
US Drones In Energy Sector Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
USD 572.5 billion
Largest Segment
Pipeline Monitoring and Inspection
Fastest Growth
Offshore Platform Inspection
Growth Rate
22.4% CAGR
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Global Drones in Energy Sector Market is segmented by Type, Component, Application, Energy Source, End-User and region. Based on Type, the market is segmented into Fixed-Wing Drones, Rotary-Wing Drones and Hybrid Drones. Based on Component, the market is segmented into Hardware (High-Definition (HD) and Thermal Imaging Cameras, LiDAR, Others), and Software. Based on Application, the market is segmented into Inspection & Monitoring, Mapping & Surveying, Data Collection & Analytics and Maintenance & Repair. Based on Energy Source, the market is segmented into Renewable Energy and Non-Renewable Energy. Based on End-User, the market is segmented into Energy Utilities, Oil & Gas Companies, Renewable Energy Providers and Construction & Infrastructure. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
By application, the global market is divided into many segments such as Pipeline Monitoring and Inspection, Offshore Platform Inspection, Wind Turbine Inspection, Power Plant Inspection, Solar Panel Inspection, and Others. Pipeline Monitoring and Inspection segment held largest global Drones in Energy Sector market share due to the wide range of benefits provided by Drones in Energy Sector.Due to the increase in adoption of drones for new oil rigs and exploration activities in Asian and European country, the pipeline monitoring and inspection segmental will grow.Moreover, wind turbine inspection segment is projected to grow at the fastest rate and expected to grow with CAGR.
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Globally, North America is estimated to hold the highest global Drones in Energy Sector market share. Main factors during this growth period are the presence of top market players,Increasing demand,Integration with various technologies and others.
Above all, Asia Pacific is expected to grow fastest during the forecast period. The reason for the same is increasing acquisition of Drones in Energy Sector technology in the region of Asia Pacific and mainly in China and Japan. Penetration of drones in Asia Pacific has doubled in the last few years. In addition,various operators are investing heavily in order to provide drone services at an affordable price to the consumers, which is likely to boost the demand for Drones in the Energy Sector in the region.
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Increasing Usage of Wind Turbine to Bolster Market Growth
Lack of Skilled Workers to Hinder Market Growth
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Competition in the global Drones in Energy Sector market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of devices compatible with Drones in the Energy Sector will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Drones in Energy Sector market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it consists such as drones alarm to map an area quickly and efficiently, zipping past power lines and towers while avoiding any potential hazards. Because of the agility, lesser size and lightweight, they can cover a lot of ground that the traditional area vehicles can't.. Drones in Energy Sectors will enable devices to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.
Report Metric | Details |
---|---|
Market size value in Energy | USD 572.5 billion |
Market size value in 2032 | USD 3530.27 billion |
Growth Rate | 22.4% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Drones in Energy Sector Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Drones in Energy Sector Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Drones in Energy Sector Market:
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Regional Analysis: Further analysis of the Drones in Energy Sector Market for additional countries.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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