Pipe Inspection Robot Market Analysis

  • Report ID: 5235
  • Published Date: Nov 27, 2024
  • Report Format: PDF, PPT

Pipe Inspection Robot Market Analysis

End User (Oil & Gas, Sewer Management, Industrial Plants, Food & Beverages, Electronics)

The oil & gas segment is expected to account for 35% share of the global pipe inspection robot market in the year 2037. The growth of the segment can be attributed to the increasing projects of offshore operations in deep or ultra-deep water. In 2021, the investment in offshore projects increased by 20%. Currently, around USD 214 billion invested in new projects will take offshore oil and gas to new heights. Furthermore, it is expected, between 2022 and 2025, around USD 500 million will be invested in the same.

Type (Aerial Drones, Wheel In-Pipe, Tracked In-Pipe)

Pipe inspection robot market from the aerial drones segment is expected to garner a significant share of around 54% in the year 2037. The rising benefit of aerial drones, such that they can perform non-intrusive inspection from the exterior. Moreover, the inspection conducted with the help of aerial drones is much faster and reduces the cost of labor. Furthermore, drones can capture high-quality films and photographs from aerial perspectives. This is further enhanced owing to the technological advancement of the drones. The modern drones use a combination of Global Navigation Satellite Systems, including GLONASS and GPS.

Our in-depth analysis of the global market includes the following segments:

          Type

  • Aerial Drones
  • Wheel In-Pipe
  • Tracked In-Pipe

          Application

  • Remote Inspection
  • Welding Pipe
  • Thickness Measuring
  • Scanning System

          End User

  • Oil & Gas
  • Sewer Management
  • Industrial Plants
  • Food & Beverages
  • Electronics
 
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Author Credits:  Richa Gupta


  • Report ID: 5235
  • Published Date: Nov 27, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of pipe inspection robot is estimated at USD 3.85 billion.

The pipe inspection robot market size was valued at USD 3.42 billion in 2024 and is set to exceed USD 22.52 billion by 2037, expanding at over 15.6% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for oil and gas, and growing manufacturing of packaged beverages will boost the market growth.

Asia Pacific industry is set to dominate majority revenue share of 35% by 2037, backed by rising adoption of technology that has saved manual labor from going into dangerous sites to carry out operations or maintenance in the region.

The major players in the market are CUES Inc., Envirosight LLC, GE Inspection Robots, IBAK Helmut Hunger GmbH & Co. KG, Medit Inc., RedZone Robotics, Robotics Design Group, Inunktun Services Ltd., Xylem Inc., and Honeybee Robotics.
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