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:
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Author Credits: Richa Gupta
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