Drone Market Is Projected To Reach $69.4 Billion By 2030, Driven By Growth In The Energy Sector And Fueling Its Expansion.

Market Insights-

According to MRFR analysis, the Drones Market for Energy Industry is expected to register a CAGR of~14.30% from 2022to 2030 and hold a value of over USD 69.4 billion by 2030.

The drones market for the energy industry refers to the utilization of unmanned aerial vehicles (UAVs) or drones in various aspects of the energy sector. Drones are being increasingly deployed across the energy industry to enhance operational efficiency, safety, and cost-effectiveness.

Drones play a crucial role in inspecting power plants, including solar farms, wind turbines, and thermal power stations. They can assess equipment condition, identify faults, and facilitate predictive maintenance, ensuring optimal performance and reducing downtime.

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The COVID-19 pandemic had significant impacts on the drones market for the energy industry. With travel restrictions and social distancing measures in place, drones have become essential tools for conducting remote inspections of energy infrastructure. They have enabled energy companies to continue monitoring and maintaining their assets without the need for physical presence, ensuring operational continuity.

Regional Analysis-

North America has been one of the leading regions in drones market in the energy industry.

North America has a significant presence of major energy companies, including oil and gas producers, renewable energy developers, and power generation companies. These companies have been actively exploring and implementing drone technologies to improve their operations, maintenance, and safety practices.

Moreover, North America has a strong technological infrastructure, research and development capabilities, and a supportive ecosystem for drone technology innovation. This has encouraged the growth of drone service providers and technology vendors catering to the energy industry's needs.

Market Segmentation-

The Drones Market for Energy Industry has been segmented into type technology and application.

Based on the type, the market has been segmented into fixed-wing drone, rotary blade drone and hybrid drone.

Based on the technology, the market has been segmented into hardware and software.

Based on the application, the market has been segmented into inspection and leak and spillage response and security and surveillance

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Key Companies in the Drones Market for Energy Industry include -

Microdrones (Germany),
DJI (China),
Aibotix GmbH Limited (UK),
Drone America (US),
Draganfly Innovations Inc. (US),
ING Robotic Aviation (Canada),
Aeryon Labs Plc. (UK),
AeroVironment, Inc. (US),
Ascending Technologies Inc. (Canada),
Univision. (Canada).

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Drones Market for Energy Industry Developments -

In October 2016, Intel Falcon 8+ UAS was announced by the Intel Company at the INTERGEO drone conference, held in Hamburg, Germany.

In October 2016, the latest innovations in UAV technology were presented by the leading Unmanned Aerial Vehicle (UAV) solutions providers named Aibotix. It was presented on the fifth anniversary of the Aibot X6 UAV celebrations at INTERGEO 2016.

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