Drones for Energy Industry Market Size, Emerging Technologies, Global Trends and Industry Set For Rapid Growth with 25.53% of CAGR by Forecast 2023

The prime objective of Offshore Drones for Energy Industry report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth.

Market Scenario

Drones for energy are poised to grow at a substantial rate as the industry is investing in the services provided by an unmanned aerial vehicle, for line-of-sight applications, to observe ocean-going ships, to inspect offshore platforms and refineries, to inspect or monitor power lines, wind turbine, solar panel.
The global drones for energy industry market has been segmented based on drone type, industry type, application, and region. On the basis of drone type, fixed wing drone accounted for the largest market share of 49.7% in 2016, and is projected to grow at a CAGR of 25.08% during the forecast period. Based on industry type, oil & gas accounted for the largest market share of 67.2%, in 2016, and is projected to grow at a CAGR of 25.03% during the forecast period.
Usage of drones in the energy and power sector includes applications such as power plants, energy distribution networks, pipelines and rigs to assess and evaluate their condition. As drones offer far superior ability of inspection with minimum effort and also allow recording which can be maintained as an official record their market share has grown further

Key Players:
• AeroVironment, Inc.
• Aeryon Labs Plc.
• Aibotix GmbH Limited
• Ascending Technologies Inc.
• UAVision.
• Drone America
• Draganfly Innovations Inc.

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Industry Segments

The segmentation of the drones for energy industry market is carried out on the basis of Drone type, industry type, application, and region. On the basis of drone type, the market is segmented into Rotary Blade Drone, Fixed Wing Drone, and Hybrid Drone. The Industry Type segmentation of the market comprises of Oil & Gas, Power, and Renewable. By Application, the drone for energy industry market includes segments such as Spillage Response, Inspection, Leak, Security, and Surveillance. Finally, on the basis of regions the market is segmented into Europe, Asia Pacific, North America and rest of the world.

Industry Updates:

April 2018 Xcel Energy has recently announced that it will be the first utility in the country to regularly fly unmanned aircraft away from the operator’s line of sight when it initiates the surveying of transmission lines near Colorado, US. Authorization has been granted by the Federal Aviation Administration for the flights. The FAA’s conclusion to allow these flights is a first time occurrence in the utility industry. Licensed pilots will remotely control a small, unmanned helicopter weighing less than 55 pounds. Xcel Energy will use advanced command-and-control technology to guarantee safe operations while it reviews transmission lines.

Global Competitive Analysis

The prospects for growth in the market appear to be promising through the forecast period mainly due to competitor strategies and campaigns that are being deployed to maintain a foothold in the market. The market contenders are formulating their blueprints for corporate strategy in a way can bring about the best consequences for growth in the existing situation, while also simultaneously improving their product’s value. The companies in this market are adjusting to the state of events by employing portfolio upgrades and maintaining financial fluidity.

Table of Content

Chapter 1

Executive Summary

Chapter 2
Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model

To be Continued..........

Detailed Regional Analysis
While considering the regional analysis of the drones for energy industry market, the Asia Pacific market is the main power producer globally and is the biggest market for renewable energy creation across the globe. The market is developing in nations such as India, China, and Japan, and is likely to develop at a high rate in the forecast period. The North American region is estimated to demonstrate a high rate of development in drones for energy industry market over the coming years, due to rise in approval of drones for leak and spillage detection, inspection and surveillance activities, primarily in oil & gas and power sectors. Causes such as rise in maintenance, inspection and surveillance operations of oil & gas platforms, pipelines, power plants, solar plants, and wind turbines in the region fuelling the market towards growth.

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