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Jun 30, 2020 4:41 PM ET

Drone Surveillance Market for Energy Industry: What are the Short and long-term actions taken by Key Players During Coronavirus Pandemic? Fortune Business Insights




iCrowd Newswire - Jun 30, 2020

Drone Surveillance Market for Energy Industry size, share and Global Trend By Type (Multirotor, Fixed wings, Hybrid), By Applications (Pipeline Monitoring and Inspection, Offshore Platform Inspection, Wind Turbine Inspection, Power Plant Inspection, Inspection of Power Distribution Lines, Solar Panel Inspection), and Geography Forecast till 2026

The ease of monitoring through surveillance drones is driving the global drone surveillance market, says Fortune Business Insights in a report, titled”Drone Surveillance Market” for Energy Industry size, share and Global Trend By Type (Multirotor, Fixed wings, Hybrid), By Applications (Pipeline Monitoring and Inspection, Offshore Platform Inspection, Wind Turbine Inspection, Power Plant Inspection, Inspection of Power Distribution Lines, Solar Panel Inspection), and Geography Forecast till 2026”. Drones are capable of reaching places where humans cannot, data collection with the help of surveillance drones is a factor boosting the global drone surveillance market.

 

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Key Market Driver Ease of monitoring, inspection and data collection from plants and transmission lines

 

Key Market Restraint Lack of regulations and the high cost involved for drone surveillance

 

Top Players Overview:

 

 

 

 

 

 

 

 

 

 

 

Launch of Drone Services by Baker Hughes to Resolve Methane Leaks Will Encourage Growth

 

Baker Hughes, a subsidiary of GE, became the first company in the oil and gas industry to initiate the use of drones as a tool to reduce the industry’s carbon emissions. The new platform is called Lumen and is combined with flying technology and solar-powered sensors, which gives a clearer picture of fugitive methane emissions to the facility personal. The launch of Lumen is predicted to give prospects to the drone surveillance capabilities. This will, in turn, boost the global drone surveillance market. In addition, the launch of patang, a tethered drone is predicted to contribute positively to the global drone surveillance market. For instance, Public sector defense electronics firm in India BHEL has successfully built a tethered drone in collaboration with Anna University. The drone is named patang, which can fly for several hours with the help of tethered power station at an altitude of 100metre. The drone is built to withstand harsh environments.

 

For more information in the analysis of this report, visit:https://www.fortunebusinessinsights.com/industry-reports/drone-surveillance-market-for-energy-industry-100511

 

Inspection and Data Collection with The Help of Drones Will Fuel Demand

 

The global drone surveillance market on the basis of type is segmented into the multirotor drone, fixed-wing drone and hybrid drone. The advantage of a higher level of maneuverability makes the multirotor segment hold a big share in the global drone surveillance market. Further, the global drone surveillance market on the basis of its applications is segmented into pipeline monitoring and inspection, offshore platform inspection, wind turbine inspection, power plant inspection, inspection of power distribution lines, solar panel inspections and others. Out of the above applications, drone surveillance is most used in pipeline monitoring and inspection and is predicted to grow remarkably during the forecast period. Furthermore, the ease of monitoring with the help of surveillance drones and inspection and data collection from plants and transmission lines are factors practiced to boost the drone surveillance revenue. However, the high cost involved in drone surveillance services is predicted to restrict the growth of the global drone surveillance market.

 

Increasing Exploration Activities Will Encourage Growth in Asia Pacific

 

Geographically, the global drone surveillance market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific is expected to dominate the global drone surveillance market during the forecast period owing to the increasing exploration activities and also laying of new transmission lines in emerging nations such as India and China. In Latin America, the use of drone surveillance has increased over the years with Mexico coming up as the fastest-growing market. For instance, in 2017, Skyx drone completed the inspection of more than 100 kilometres of gas pipeline in Mexico, identifying more than 200 abnormalities in the pipeline, therefore reducing the cost and increasing the accuracy compared to manual inspection for the company.

 

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Key Segmental Overview:

 

1. By Type

 

 

 

 

 

2. By Application

 

 

 

 

 

 

 

 

 

3. By Geography

 

 

 

 

 

 

 

Key Industry Developments

 

 

 

 

 

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Major Table of Content ForDrone SurveillanceMarket:

 

 

 

 

 

 

 

 

 

 

 

 

An Overview of the Impact of COVID-19 on this Market:

 

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

 

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

 

Click here to get the short-term and long-term impact of COVID-19 on this Market.

 

https://www.fortunebusinessinsights.com/industry-reports/drone-surveillance-market-100511

 

(Have a Look at Reports Trending in “Energy and Power“Industry)

 

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About us:

 

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

 

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

 

Contact Us:

 

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Press Release Distributed by The Express Wire

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