Drones and Robotics in Utility Power Grid Inspection to Generate 9.6 billion USD Revenue by 2025
/10th May 2016, RENEWABLE MARKET WATCHTM/ Over the next decade, power networks in emerging countries will expand rapidly to serve growing populations, while developed economies will upgrade their infrastructure to manage with demand discontinuities and the transition to smart grids. The key reasons behind increasing transmission line lengths include a rising electrification ratio, the need for new electricity infrastructure and power generation capacity growth. The global electric power transmission networks with more than 5.66 million Circuit kilometers (Ckm) total lengths are subject to physical wear out and need regular inspections throughout their lifespan according to research department of Renewable Market Watch™. The global utility power grid inspection and other associated services market has been gaining momentum due to the growing demand for inspection and maintenance cost reduction along with health and safety improvement in utility gird infrastructure across the globe reveals Renewable Market Watch™ in its recently published report Drones and Robotics in Utility Grid Infrastructure Global Market Outlook 2016 ÷ 2025.
UAV technology progressed much in the past ten years making civil and commercial applications feasible and compelling, and the technology holds the potential to benefit utility grid infrastructure worldwide, especially in inspection of transmission and distribution power lines, but also in other associated services like vegetation assessment of trees and plants, power outage detection and response, security and surveillance of utility grids and storm damage assessment.
Since power outages cause substantial financial losses to the producers, distributors and also to the consumers of electric power, it is in the common interest to minimize failures on power lines. Therefore the inspection of electric transmission networks is of great importance for the power industry. It is an expensive and difficult task not only because power lines cover a vast territory, but also because a significant portion of them are located in remote and hazardous environments. Furthermore, for safety reasons, human intervention should be reduced as much as possible. UAVs and robotics offer an attractive cost and time saving option compared to conventional approaches to management of utility gird infrastructure.
For the global power transmission and distribution industry, the applications of drone (UAV) and robotics technology expand beyond simple operation and maintenance activity. In the utility grid infrastructure, tall and complex structures such as towers (poles) and power lines, present a danger for personnel, particularly operations that take place at heights in hostile environments where wind, snow and other negative weather conditions require further health and safety attention on the individuals carrying out the tasks. When equipped with the necessary payload, these flying robots can not only fulfill dangerous inspection missions, but also contribute for increasing of entire efficiency and performance of power transmission and distribution infrastructure. With the suitable configuration in place, drones (UAVs) and robotics can streamline the entire inspection and maintenance process, saving utility grid operators a great deal of time, stress and money.
Growing number of utility grid operators have deployed drones (UAVs) and robotics, and found that they demonstrated significant, measurable value, including improving industry operator safety mentioned Renewable Market Watch™ in Drones and Robotics in Utility Grid Infrastructure Global Market Outlook 2016 ÷ 2025. Drones (UAVs) and robotics can transmit live data, high-definition video and infrared video to inspectors on the ground, who can identify power line problems. For inspection and maintenance engineers working with traditional methods, the inspection of the long power line routes could take weeks or months, but drones (UAVs) can accurately detect problems in much less time, allowing daily reporting over an entire grids condition and performance. Furthermore inspection missions with drones (UAVs) could be completed without having to stop power supply, which is the normal procedure for a manned inspection of power lines.
Industry analysts of Renewable Market Watch™ used a complex array of research sources to better understand role of drones (UAVs) and robotics and their application in utility grid infrastructure. For this reason unique approach was applied in segmentation process to achieve and present better explanation of fundamental drivers and future dynamics behind the global market of drones (UAVs) and robotics in utility grid infrastructure. Market was divided into four main segments:
1) Utility Grid Inspection;
2) Vegetation Assessment and Management;
3) Feasibility Analyses and Technical Due Diligence;
4) Security and Surveillance of Utility Grids.
This independent, 180+ page report of Renewable Market Watch™ analyzes global market for drones (UAVs) and robotics application in utility grid infrastructure regarding market dynamics, technology characteristics, industry structure, innovations and key industry vendors. Through extensive research and discussions with experts in the industry, Renewable Market Watch™ has identified a series of market trends that will impact this market over the coming decade.
Although the power line inspection services represent the most important aspect of this market and responsible for the biggest share of revenue stream, the other associated services should not be neglected. At the end of our 10-year forecast period (in 2025), overall sales combined of services and drone (UAV) and robotics units in utility grid infrastructure inspection are projected to reach cumulative value of USD 9.6 billion (EUR 8.4 billion) by 2025. This represents significant growth compared to the current market state and clearly visible the drones (UAVs) and robotics are projected to play important role in utility grid infrastructure in the next decade.
With 97 charts, maps, tables and figures, together with competitive landscape of 43 key companies investigated and overview of drone (UAV) flight regulations in 44 countries in 6 world regions, the report gives you a perfect visual breakdown of this market. More information you may read and request here:
Drones and Robotics in Utility Grid Infrastructure Global Market Outlook 2016 ÷ 2025
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Executive Summary Brochure of Drones and Robotics in Utility Grid Infrastructure Global Market Outlook 2016 ÷ 2025