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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
25-Feb-2020
Global
$3,000.00
Special Price $2,250.00 save 25 %
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.Click image to view it in full size
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
Popular Topics
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?
| 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 |