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Wind Turbine Inspection Drones Global Market Exhibit a Remarkable CAGR of 11.33% and is expected to reach $86.44 Billion By 2028 | Intel Corporation, AF Gruppen ASA, Cyient Limited, Aerodyne Group, Parrot SA
Wind Turbine Inspection Drones Global Market
According to The Business Research Company's, The wind turbine inspection drones market size has grown strongly in recent years. It will grow from $50.82 billion in 2023 to $56.26 billion in 2024 at a compound annual growth rate (CAGR) of 10.70%. The growth in the historic period can be attributed to safety improvements, improved data quality and accuracy, access to remote locations, environmental considerations.
The wind turbine inspection drones market size is expected to see strong growth in the next few years. It will grow to $86.44 billion in 2028 at a compound annual growth rate (CAGR) of 11.33%. The growth in the forecast period can be attributed to enhanced connectivity, rising demand for renewable energy, customization for wind farm requirements, miniaturization of sensors and components. Major trends in the forecast period include increased automation, enhanced sensor integration, real-time monitoring and analysis, improved durability and reliability.
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Market Drivers and Trends:
The increase in demand for renewable energy is expected to propel the growth of the wind turbine inspection drones market going forward. Renewable energy is derived from naturally replenishing resources that are virtually inexhaustible on human timescales. It arises because of climate concerns, increased awareness about environmental impacts, and favorable economic conditions. Wind turbine inspection drones are used in renewable energy to inspect and maintain wind turbines, improve safety, increase efficiency, reduce operational costs, and ensure the wind energy infrastructure's long-term reliability and performance. For instance, in October 2023, according to reports published by the European Environment Agency, a Denmark-based government organization, the share of renewable energy in the EU reached 22.5% in 2022, representing an increase of 0.6% compared to 2021. Further, renewable consumption saw a modest growth of 1.4 million metric tons of oil equivalent (Mtoe) between 2021 and 2022. Therefore, the increase in demand for renewable energy is expected to propel the growth of the wind turbine inspection drones market.
Major companies operating in the wind turbine inspection drone market are concentrating on innovative AI advancement solutions, such as AQUADA-GO, a drone technology integrated with artificial intelligence (AI), to automate the inspection of offshore wind turbine blades. This innovative initiative involves integrating drone technology with artificial intelligence (AI), and this project aims to revolutionize the inspection process by utilizing advanced technology to enhance efficiency, safety, and sustainability in the maintenance of wind turbines. For instance, in October 2023, RWE AG, a Germany-based technology company, introduced the AQUADA-GO project. This groundbreaking initiative leverages drone technology integrated with artificial intelligence (AI) collaboration with DTU Wind and Energy Systems and Quali Dron. This represents a significant step forward in enhancing offshore wind energy maintenance efficiency and safety through the innovative integration of drone technology and AI for blade inspections. This technology uses algorithms to identify damage to the surface of the blades and potential fractures beneath them. It has a thermal camera to scan the subsurface layers for damage. Additionally, the goal is to prevent the need for downtime of the turbines by fully automating the inspection process, which will result in greener energy production and less need for ships with technicians to be sent offshore.
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Major Key Players of the Market:
Intel Corporation, AF Gruppen ASA, Cyient Limited, Yuneec International Co. Ltd., Aerodyne Group, Terra Drone Corporation, SZ DJI Technology Co. Ltd., Parrot SA, Microdrones GmbH, UpWind Solutions Inc., Romax Technology Limited, Cyberhawk Innovations Limited, SkySpecs Inc., PrecisionHawk Inc., Drone Volt SAS, Aerialtronics B.V., Raptor Maps Inc., Measure UAS Inc., AeroVision Canada Inc., Prodrone Co., Ltd., Aero Enterprise GmbH, DroneView Technologies LLC, ABJ Drones Inc., Airpix Inc., Aerial Monarch LLC, HUVr Inc.
Wind Turbine Inspection Drones Market 2024 Key Insights:
• The Wind Turbine Inspection Drones Market is expected to grow to $86.44 billion in 2028 at a compound annual growth rate (CAGR) of 11.33%.
• Renewable Energy Driving Growth In Wind Turbine Inspection Drones Market
• Innovative AI-Integrated Drone Technology Revolutionizes Offshore Wind Turbine Inspection
• Asia-Pacific was the largest region in the wind turbine inspection drones market in 2023. The regions covered in the wind turbine inspection drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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