Renewable Drones Market:
Growth opportunities in the renewable drones market look promising over the next six years. This is mainly due to the constant growth of solar and wind farms construction, accelerating adoption of drones for decreasing the cost of inspection operation, the increasing demand for UAVs, and the rising emphasis on asset optimization at the global level.
Renewable Drones Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The factors contributing to the growth of the global renewable drones market include the augmenting adoption of drones owing to the decreased inspection operation cost and the increasing asset optimization significance throughout the world. The ongoing rise in the construction of wind and solar farms also adds to the growth of the market. The huge installations of solar farms have increased the demand for a thermal camera to scan the entire farm faster than the hand-held camera. For instance, a drone takes 40 minutes to conduct an inspection of one wind turbine. Therefore, the capability of drones to provide an accurate, faster, and cheaper solution for solar and wind farms will further drive the renewable drones market share.
The continuous development in the renewable energy sector is opening new doors for the demand for drones. With the help of advanced technologies, the renewable energy plants are being developed at a rapid pace to get through the strong demand for clean and sustainable energy. This factor is anticipated to bring enormous growth opportunities for the market. Moreover, the surging demand for UAVs, especially for the line-of-sight applications, to inspect offshore platforms and refineries, observe ocean-going ships, and monitor power lines and solar panels, propels the worldwide demand for drones. However, several legal regulations to perform drone operations is likely to obstruct the growth of the market.
Regional Drivers
Based on the regional coverage, Asia-pacific is predicted to dominate the renewable drone market over the forecast period attributing to the vigorous demand for electricity led by rapid industrialization, urbanization, and expanding population rate. These factors support the government in investing in the renewable power generation infrastructure, which in turn, is boosting the demand for drones in the renewable energy sector. Furthermore, the rising subsidies for the upgradation of the renewable energy sector is expected to propel market growth.
Renewable Drones Market’s leading Manufacturers:
- Garudauav
- PrecisionHawk
- Measure Australia
- Dronevolt
- Sitemark
- Skylark Drones
- Advanced Vision Analytics Pte Ltd.
- ABJ Drones
- Siemens
- Parrot Drone SAS
Renewable Drones Market Segmentation:
Segmentation by Drone Type:
- Multirotor
- Fixed wing
Segmentation by Solution:
- End-to-end solution
- Point solution
Segmentation by End-Users:
- Solar
- Solar PV
- Solar CSP
- Wind
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com