Global Drones in Energy Sector Market

Drones in Energy Sector Market Size, Share, Growth Analysis, By Application(Pipeline Monitoring and Inspection, Offshore Platform Inspection, Wind Turbine Inspection, Power Plant Inspection), By Type(Multirotor, Fixed Wing, and Hybrid), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45I2186 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 66 | Figures: 73

Drones in Energy Sector Market Regional Insights

Globally, North America is estimated to hold the highest global Drones in Energy Sector market share. Main factors during this growth period are the presence of top market players,Increasing demand,Integration with various technologies and others.

Above all, Asia Pacific is expected to grow fastest during the forecast period. The reason for the same is increasing acquisition of Drones in Energy Sector technology in the region of Asia Pacific and mainly in China and Japan. Penetration of drones in Asia Pacific has doubled in the last few years. In addition,various operators are investing heavily in order to provide drone services at an affordable price to the consumers, which is likely to boost the demand for Drones in the Energy Sector in the region.

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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).

Competition in the Drones in Energy Sector market is expected to increase during the forecast period because new players are expected to enter in the market and the number of devices compatible with Drones in the Energy Sector will also increase. Currently, only a few key players are providing their services in the market but these numbers will increase in the upcoming years. 'Aerodyne Group (Malaysia)', 'Aesthetix (UAE)', 'Airobotics Ltd. (Israel)', 'Azure Drone SAS (France)', 'BAE Systems Inc. (U.K.)', 'Cyberhawk Innovations Limited (U.K.)', 'Martek Aviation (U.K.)', 'Mistras Group (U.S.)', 'Percepto (Israel)', 'SEIKEY Srl (Italy)', 'Sky-Futures Ltd (U.K.)', 'Sphere Drones (Australia)', 'Terra Drone Corp. (Japan)', 'Viper Drones (U.S.)', 'Avitas Systems, Inc. (U.S.)', 'Australian UAV Pty Ltd (Australia)', 'Qualcomm Technologies (U.S)', 'Texo DSI (U.K.)'

In this several regions across the globe, the rising number of installation of new wind turbines and other renewable energy sources is expected to propel the market growth of Drone surveillance in energy sector in future.Many country have aimed to reduce their carbon emissions, therefore they are shifting to renewable energy sources which has led to increasing the installation of wind energy as well as solar energy that led to the growing drones in energy sector.Along with aid, the rising use of AI triple drones for renewable energy inspection will further facilitate the growth of market.

Combining the drone with advanced laser and sensor technology based system and components has helped the drone industry to enter in the energy sector.A I powered true sign integration of it with IIT has been the major trend among the drone industry which led to the increase of usage of it in energy sector.Light detection and ranging unmanned aerial systems are highly preferred for oil and gas rig inspection purposes.This technological advancement has helped the drone industry in energy sector to grow.

Globally, North America is estimated to hold the highest Drones in Energy Sector market share. Main factors during this growth period are the presence of top market players,Increasing demand,Integration with various technologies and others.

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Global Drones in Energy Sector Market

Report ID: SQMIG45I2186

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