Product ID: SQMIG45I2186
Global Drones in Energy Sector Market Size, Share, Growth Analysis, By Application(Pipeline Monitoring and Inspection, Offshore Platform Inspection), By Type(Multirotor, Fixed Wing) - Industry Forecast 2024-2031
Report ID:
SQMIG45I2186 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
66 |
Figures:
73
Global Drones in Energy Sector Market Insights
Global Drones in Energy Sector Market size was valued at USD 479.9 Million in 2019 and is poised to grow from USD 563.31 Million in 2023 to USD 2981.29 Million by 2031, at a CAGR of 22.8 % during the forecast period (2024-2031).
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.
Global Drones in Energy Sector Market Report Snapshots
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