openPR Logo
Press release

Renewable Drones Market to Hit $148 Million by 2025

07-26-2021 07:39 AM CET | Energy & Environment

Press release from: MarketsandMarkets

The global Renewable Drones Market is projected to reach a size of USD 148 million by 2025, at a CAGR of 27.1%, from an estimated USD 45 million in 2020. The rising adoption of drones for reducing inspection, increasing focus on asset optimization are the driving factors for the Renewable Drones Market, globally. Technological developments software for drone data analytics, and rapid development of renewable plants which creates opportunities for growth of the renewable drones market.

Download PDF Brochure:

The solar segment, by end user, renewable drones market is estimated to grow at the fastest rate during the forecast period. This is mainly because of the increasing demand for inspection operation from existing solar farms. Moreover, rapid investments for development of solar PV farms in the Asia-Pacific region are factors propel the growth of solar segment in the Renewable Drones Market.

In the case of wind turbines, inspections are performed manually by climbing or using long-range photography. Manual inspections involving climbing introduce hazards that can be avoided with drone inspections. Ground-based data collection can be slow and lacks the detail and flexibility that a drone can provide. A drone can perform an inspection of 1 wind turbine (3 blades) in 40 minutes. Thus, drone inspections are faster, accurate, and economical solutions for solar and wind farm inspections.

The multirotor segment is expected to dominate the Renewable Drones Market.

Multirotor drones have various advantages over fixed wing drones; for instance, multi-rotor aircraft can perform vertical takeoffs and landings. They also require less space to take flight, can hover mid-flight, and maneuver around objects for easy inspection, mapping, and modeling. Further, multirotor drones use multiple propellers to maneuver; hence, they do not require a larger surface area or wingspan as compared to Fixed wing drones. Moreover, multirotor drones are designed to be folded down and packed up into smaller cases, which makes them easier to transport. Such factors drive the growth of multirotor drones in the Renewable Drones Market.

Request Sample Pages:

Asia Pacific likely to emerge as the largest Renewable Drones Market

In this report, the Renewable Drones Market has been analyzed for six regions, namely, North America, South America, Europe, Asia Pacific, Middle East & Africa. Asia Pacific is expected to be the largest Renewable Drones Market during the forecast period. Asia Pacific comprises China, India, Japan, Australia, and Rest of Asia Pacific. The region has a high demand for electricity due to a rise in urbanization, industrialization, and population growth. The rapid increment in economic growth would lead to an increase in the demand for power. This would necessitate greater investments in the renewable power generation infrastructure. The region is expected to experience an increase in investments due to the rapidly declining prices of solar panels.

The prominent players in the global Renewable Drones Market are DJI Enterprise (China), Terra Drone (Japan), Aerodyne Measure (US), and DroneDeploy (US).

Content Source:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

About MarketsandMarkets™:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Renewable Drones Market to Hit $148 Million by 2025 here

News-ID: 2336603 • Views: 519

More Releases from MarketsandMarkets

Hybrid Train Market Insights| Key Players: CRRC (China), Bombardier (Canada), Al …
The Global Hybrid Train Market size is projected to reach 8,389 units by 2030, from an estimated 4,904 units in 2020, at a CAGR of 5.5%. The scarcity of natural resources and the rising cost of fuel will likely shift the focus from diesel trains to eco-friendly transport and boost the demand for hybrid trains during the forecast period. Factors such as high gasoline prices, traffic congestion, and greenhouse gas emissions
Endoscopy Equipment Market to Represent More Than $39 Billion Opprtunity in 2026
According to the new market research report "Endoscopy Equipment Market by Product (Endoscope (Flexible, Rigid, Capsule, Robot-assisted, Disposable), Visualization Systems, Accessories), Application (GI Endoscopy, Laparoscopy, Bronchoscopy, Arthroscopy), End User - Global Forecast to 2026", published by MarketsandMarkets™, the global Endoscopy Equipment Market is projected to reach USD 39.3 billion by 2026 from USD 27.3 billion in 2021, at a CAGR of 7.5%. Browse in-depth TOC on "Endoscopy Equipment Market" 562 – Tables 55
Compression Therapy Market worth $3.9 billion by 2026 - Industry Trends and Anal …
According to the new market research report "Compression Therapy Market by Technique (Static, Dynamic), Product (Garments (Stockings, Bandages, Wraps), Ortho Braces, Pump), Application (Varicose Vein, DVT, Lymphedema, Leg Ulcer), Distribution (Clinics, Pharmacies, E-Comm) - Global Forecasts to 2026", published by MarketsandMarkets™, the market is expected to grow from an estimated USD 3.0 billion in 2021 to USD 3.9 billion by 2026, at a CAGR of 5.2%. Browse in-depth TOC on "Compression
eClinical Solutions Market worth $15.4 billion by 2026 - Industry Trends and Ana …
According to the new market research report "eClinical Solutions Market by Clinical trial phases, Product (CDMS, EDC, CTMS, eCOA, RTSM, ETMF, Analytics, Integration, Safety), Delivery (Web-based, On demand, On premise, Cloud), End user (Pharma & Biotech, Hospitals, CROs) - Global Forecasts to 2026", published by MarketsandMarkets™, the eClinical Solutions Market is projected to reach USD 15.4 billion by 2026 from USD 8.3 billion in 2021 at a CAGR of

All 5 Releases

More Releases for Drone

Skyline Drone review: How Good Is Skyline X Drone?
Skyline Drone review: Are you looking for the right tool to capture high quality aerial shots with an effective and cost-effective digital device the Skyline drone comes handy at a relatively affordable price? This article seeks to take you on a journey to discover the best drone to invest your money in to keep your creative process running, improve on your business models and productivity. This product is one of
Global Smart Commercial Drone Market
Global Smart Commercial Drone Market an automaton can be delegated a flying machine without a human on-load up. These are additionally called unmanned aeronautical vehicles (UAVs). Automatons are normally controlled remotely by a pilot, in any case, a few adaptations exist that can fly self-governingly. These automatons could shift fit as a fiddle, yet the center components which are engine sensors, microcontroller and battery are on a very basic level
Revolutionizing Drone Companies with – Drone Data Analytics
Drones collect a vast amount of data, but interpreting that data correctly is what provides the accurate perception of business reality and Drone companies nowadays are using Data Analytics to stay ahead in the competition. Canopus Data Insights provides Drone Data Analytics which is useful in every sector including monitoring data of Agriculture, Mining, Construction, Infrastructure, Real Estate and surveillance data from military drones of distant lands and adversaries. We
Ambulance Drone Market
Unmanned aerial vehicles (UAV), also known as drones, are the most exciting topic in discussion today. This new technology is believed to revolutionize various industries by enabling faster delivery, reach, and monitoring (GPS). The U.S. military is already using drones as GPS or surveillance system to track its troop’s movements and weapon facilities to launch attacks on terrorist organizations. With increasing research and development activities pertaining to drones, the governments
Global Consumer Drone Consumption 2016
Consumer Drone Covered in this Report: The Global Consumer Drone Consumption 2016 Market Research Report is a professional and in-depth study on the current state of the Consumer Drone market. First, the report provides a basic overview of the Consumer Drone industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures. Secondly, the report states the global
Autonomous versus Drone ships
The first action of the newly elected Senior President of Naval Defence Consulting, Commodore Garry Beauvoir, is to define the strategy for future goals in autonomous and Drone Shipping for both Merchant and Defence vessels. Commodore Garry Beauvoir made comment at a recent Defence Presentation for Autonomous Ships, that the terms ‘autonomous’ and ‘drone’ shipping have become somewhat clouded and confused in the public mind. A ‘totally autonomous’ ship