RENEWABLE DRONES HOLDS HUGE POTENTIAL IN SERVICING AND MAINTENANCE OF SOLAR AND WIND FARMS. ASIA-PACIFIC TO WITNESS THE HIGHEST GROWTH
Renewable Drones Market is expected to exceed the market valuation of more than US$ XX billion by 2027 expanding at a reasonable CAGR of around XX% during the forecast period (2021-2027). These are various state-of-art-technologies available in drones which can range from lightweight frames with various modifications like payload capacity, size, weight, functionality, flight time etc. depending on the purpose for which they are being used. The flight time of a drone depends mainly on the weight it is carrying and the battery power that is attached to it. Drones are mainly of two types: fixed-wing drones and rotary drones which have different weight strengths. Drones can be built-in with various sensors such as image intensifiers, GPS-navigation systems, image intensifiers, infrared imaging equipment, TV cameras, infrared cameras, etc. which are used for round-the-clock monitoring and targeting. For example, a typical professional camera weighs 2 kgs and if one requires to the drone to carry some additional weight, a stronger drone needs to be used.
The key reasons for this are that data can be collected almost 50 times faster with the help of drones. Solar farms are large parks and so manual check takes a long amount of time, whereas with the help of drones equipped with an appropriate thermal camera the detection can be made much faster. For example, usually wind turbines are inspected manually either by climbing or hanging down by a rope, which apart from being unsafe is also time consuming. With the help of drones this can be changes and data can be collected much more efficiently and in much less time. With the help of a drone 1 wind turbine (with 3 blades) can be inspected in 40 minutes. With the help of drones, solar and wind farm inspections are more accurate, faster, and more economical.
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The recent covid-19 pandemic in 2019 took the world by a storm. The pandemic brought the world to a standstill. All industries have suffered some form of loss due to the pandemic. In addition to this the pandemic has also cost many lives. Till date there have been 177,470,620 covid-19 cases in the world and 3,839,931 deaths. Most nations around the world were affected by the pandemic which not only took lives but also took away jobs. The pandemic caused a huge economic burden all around the world with most industries bearing some form of loss. The Renewable Drones industry also saw a slowdown during the pandemic as the industries were shut and production was affected.
Based on type, the renewable drones market is segmented into Multirotor and Fixed wing. Amongst type, the multirotor segment of the renewable drones market was valued at US$ XX billion in 2020 and is likely to reach US$ XX billion by 2027 and is growing at a CAGR of XX% from 2021-2027. Multirotor drones have various advantaged over fixed rotor drones like performing vertical takeoffs and landings. They do not need much space to take flight, can maneuver around objects and can hover mid-flight, which allows for easy inspection, modeling, and mapping. Wind turbine inspection costs can minimize by 40% with the help of drones.
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Based on solution, the renewable drones market is segmented into End-to-end solution and Point solution. Amongst solution, XX accounted for a market valuation of US$ XX billion in 2020 and is expected to reach US$ XX billion by the year 2027, at a CAGR of XX% over the analyzed period. End-to-end solutions includes everything from data analysis, accessories, reports etc. for the client such that nothing must be supplied from the outside. According to NREL researchers an average of 4 megawatts per square kilometer (about 10 megawatts per square mile) of area is required by windmills.
Based on end-user, the renewable drones market is segmented into solar and wind. The solar segment is further sub segmented into Solar PV and Solar CSP. The solar segment generated revenue of US$ XX billion in 2020 and is expected to grow at a CAGR of XX% during the forecast period to reach a market valuation of US$ XX billion by 2027F. Solar farms are growing at a tremendous rate around the world as the solar cell technology is becoming more efficient and governments are realizing the potential of solar energy. Siemens Gamesa for Trianel Windkraftwerk Borkum II GmbH & Co. maintained and provided service for its Trianel Windpark Borkum II. This involved the servicing and maintenance of 32 Senvion 6.33 MW turbines.
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Additionally, the report provides detailed initiatives that are being taken in the field of renewable drones, globally. The report provides a detailed analysis of regions including North America (the U.S, Canada, and Rest of North America), Europe (Germany, France, Spain, Italy, UK, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and the Rest of the World. Asia Pacific dominated the market in 2020, with XX% share. DJI Enterprise, Terra Drone, AgEagle Aerial Systems, DroneDeploy, Parrot Group, ABJ Drones, DRONE VOLT Group, Airpix, Sitemark, and Skylark Drones are some of the prominent players operating in the Renewable Drones market. Several M&As along with partnerships have been undertaken by these players to make Renewable Drones as cost-effective and as widely available as possible.
Renewable Drones Market Segmentation
Market Insight, by Type
- Fixed wing
Market Insight, by Solution
- End-to-End Solution
- Point Solution
Market Insight, by End-User
- Solar PV
- Solar CSP
Market Insight, by Region
- North America Renewable Drones Market
- United States
- Rest of North America
- Europe Renewable Drones Market
- United Kingdom
- Rest of Europe
- Asia-Pacific Renewable Drones Market
- Rest of Asia-Pacific
- Rest of World Renewable Drones Market
Top Company Profiles
- DJI Enterprise
- Terra Drone
- AgEagle Aerial Systems
- Parrot Group
- ABJ Drones
- DRONE VOLT Group
- Skylark Drones