Drones in the Global Power and Utilities Industry, Forecast to 2030

Drones in the Global Power and Utilities Industry, Forecast to 2030

Technological Advancements in AI, Nanotechnology and IOT will Drive the Adoption of Drones in the Power and Utilities Industry

RELEASE DATE
25-Feb-2020
REGION
Global
Research Code: K3E4-01-00-00-00
SKU: EG02059-GL-MR_24182

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Description

Drones or unmanned aerial vehicles (UAVs) are currently finding application opportunities across various commercial businesses and are poised to impact multiple industry verticals in various capacities. Drone applications are emerging in various sectors such as agriculture, mining, oil and gas (O&G), construction, utilities and environmental conservation. Technological advancements are making it easier to execute complex and diverse data gathering exercises. Innovation in packaged software products and data visualization makes the process more accessible, efficient and convenient to end users. The evolution of drones over the last 5 years and the convergence of AI, technological innovations, analytics and IoT will drive widespread adoption of drone technology over the course of the next decade.

The global power & utilities industry is undergoing a massive shift driven by three main trends – decarbonization, decentralization and digitalization. Utilities, independent power producers (IPPs) and other power companies have started leveraging digital technologies such as artificial intelligence (AI), robotics, machine learning (ML), cloud computing, edge computing and other technical innovations like drones to fundamentally address their business problems, and as well disrupt processes, value chains and business models.

The successful application of drones across other business verticals has concentrated attention across the power sector and, while at a nascent stage, has seen a surge in activity in recent years, particularly in the transmission & distribution (T&D) segment. Utilities have started acknowledging the role played by drones in providing reliable, safe and efficient inspections of power generation and T&D assets. As the power & utilities industry continues to transform, drone technologies will continue to find more applications to improve process efficiency, prevent damage before it could occur (predictive and prescriptive maintenance) and extend lifetimes of assets.

Research Scope

The study period is from 2019 to 2030, with 2019 as the base year. The forecast period is from 2020 to 2030. Frost & Sullivan’s revenue estimation represents only the revenue generated by drone service providers (DSPs) offering drones services to their customers, and does not include revenue generated through the sales of drones.

Market information for the base year has been obtained from both primary and secondary research data and analyses. Key trends and information on market size, tiers of competition and other variables are based on discussions with key industry stakeholders in the value chain.


Key Issues Addressed

  • What is the status quo in the global drone services market and how will this evolve in the future?
  • What are the key factors—both regulatory and non-regulatory—that are likely to drive or restrain future market growth?
  • What are the different business models that are likely to be adopted?
  • What are the principal use cases for drones in the power sector?
  • Which companies are the key competitors in the market?

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Key Findings

Executive Summary

Executive Summary (continued)

Drones in the Power and Utilities Industry—Hotspot Analysis

Drones in the Power and Utilities Industry—Business Models

Research Aim

Study Coverage and Exclusions

Key Questions this Study will Answer

Introduction to Drones

Key Applications of Drones

Key Applications of Drones (continued)

Key Applications of Drones (continued)

Global Drones Market—Hotspot Analysis

Drones—Regulatory Framework

Key Technologies Impacting Drones

Key Technologies Impacting Drones (continued)

Drones Ecosystem

Drones Ecosystem (continued)

Drones—Global Patent Trend Analysis

Drones in the Power and Utilities Industry

Drones in the Power and Utilities Industry (continued)

General Applications of Drones in the Power and Utilities Industry

General Applications of Drones in the Power and Utilities Industry—Key Examples

Key Enablers for Drones in the Power and Utilities Industry

Key Barriers for Drones in the Power and Utilities Industry

Drones in the Power and Utilities Industry—Hotspot Analysis

Main Application Segments of Drones in the Power and Utilities Industry

Main Application Segments of Drones in the Power and Utilities Industry (continued)

Drones in Power Generation

Drones in Power Generation—Use Cases

Drones in Power Generation—Solar PV

Drones in Power Generation—Wind Power

Drones in Power Generation—Hydro, Coal, Nuclear and Gas

Drones in Power Generation—Use Case Profiles

Drones in Power Generation—Use Case Profiles (continued)

Drones in Transmission and Distribution

Drones in Transmission and Distribution (continued)

Drones in Transmission and Distribution—Use Cases

Drones in Transmission and Distribution—Use Case Profiles

Drones in Transmission and Distribution—Use Case Profiles (continued)

Drones in the Power and Utilities Industry—Business Models

Drones in the Power and Utilities Industry—Business Models (continued)

Drones in the Power and Utilities Industry—Revenue Forecast

Drones in the Power and Utilities Industry—Revenue Forecast Discussion

Revenue Forecast Discussion by Region

Drone Service Providers—Overview

Aerodyne

Cyberhawk

DroneView Technologies

Measure

PrecisionHawk

Terra Drone

Other Notable DSPs

Growth Opportunity 1—Drone Management Software

Growth Opportunity 2—AI and Autonomous Operations

Growth Opportunity 3—Cyber Security

Growth Opportunity 4—Develop Expertise in Industry Verticals

Growth Opportunity 5—Sensors for Autonomous and Value-added Services

Growth Opportunity 6—Drone Data Analytics

Strategic Imperatives—Drones in the Power and Utilities Industry

The Last Word—3 Big Predictions

Legal Disclaimer

List of Exhibits

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
Drones or unmanned aerial vehicles (UAVs) are currently finding application opportunities across various commercial businesses and are poised to impact multiple industry verticals in various capacities. Drone applications are emerging in various sectors such as agriculture, mining, oil and gas (O&G), construction, utilities and environmental conservation. Technological advancements are making it easier to execute complex and diverse data gathering exercises. Innovation in packaged software products and data visualization makes the process more accessible, efficient and convenient to end users. The evolution of drones over the last 5 years and the convergence of AI, technological innovations, analytics and IoT will drive widespread adoption of drone technology over the course of the next decade. The global power & utilities industry is undergoing a massive shift driven by three main trends – decarbonization, decentralization and digitalization. Utilities, independent power producers (IPPs) and other power companies have started leveraging digital technologies such as artificial intelligence (AI), robotics, machine learning (ML), cloud computing, edge computing and other technical innovations like drones to fundamentally address their business problems, and as well disrupt processes, value chains and business models. The successful application of drones across other business verticals has concentrated attention across the power sector and, while at a nascent stage, has seen a surge in activity in recent years, particularly in the transmission & distribution (T&D) segment. Utilities have started acknowledging the role played by drones in providing reliable, safe and efficient inspections of power generation and T&D assets. As the power & utilities industry continues to transform, drone technologies will continue to find more applications to improve process efficiency, prevent damage before it could occur (predictive and prescriptive maintenance) and extend lifetimes of assets.--BEGIN PROMO--

Research Scope

The study period is from 2019 to 2030, with 2019 as the base year. The forecast period is from 2020 to 2030. Frost & Sullivan’s revenue estimation represents only the revenue generated by drone service providers (DSPs) offering drones services to their customers, and does not include revenue generated through the sales of drones.

Market information for the base year has been obtained from both primary and secondary research data and analyses. Key trends and information on market size, tiers of competition and other variables are based on discussions with key industry stakeholders in the value chain.

Key Issues Addressed

  • What is the status quo in the global drone services market and how will this evolve in the future?
  • What are the key factors—both regulatory and non-regulatory—that are likely to drive or restrain future market growth?
  • What are the different business models that are likely to be adopted?
  • What are the principal use cases for drones in the power sector?
  • Which companies are the key competitors in the market?
More Information
No Index No
Podcast No
Author Swagath Navin Manohar
Industries Energy
WIP Number K3E4-01-00-00-00
Is Prebook No
GPS Codes 9000-A1,9B07-C1,9851,9852