Drones for Energy

Drones for Energy Market Research Report - Forecast to 2023
Global Drones For Energy Industry Market, By Drone type (Fixed Wing Drone, Rotary Blade Drone and
Hybrid Drone), By Industry Type (Oil & Gas, Power and Renewable), By Application (Inspection, Leak and
Spillage Response and Security and Surveillance) and Region - Forecast 2017-2023.
Drones for energy are poised to grow at a substantial rate as the industry is investing in the services provided by an
unmanned aerial vehicle, for line-of-sight applications, to observe ocean-going ships, to inspect offshore platforms and
refineries, to inspect or monitor power lines, wind turbine, solar panel.
The global drones for energy industry market has been segmented based on drone type, industry type, application, and
region. On the basis of drone type, fixed wing drone accounted for the largest market share of 49.7% in 2016, and is
projected to grow at a CAGR of 25.08% during the forecast period. Based on industry type, oil & gas accounted for the
largest market share of 67.2%, in 2016, and is projected to grow at a CAGR of 25.03% during the forecast period.
The global drones for energy industry market is a very dynamic market and is expected to witness high growth over the
forecast period. The growth of the drones for energy industry market is majorly influenced by the complexity in inspection
& monitoring of remote and discrete systems. However, the federal regulations limiting the usage of drones and lack of
technological advancements for processing the raw data are hindering the growth of the drones for energy industry market.
The market is expected to reach market size of 8,390.5 million by the end of forecast period with CAGR 25.53% between
2017 and 2023.
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