Pipe Inspection Robot Market Share

APAC Market Forecast

Asia Pacific industry is set to dominate majority revenue share of 35% by 2037 by the end of 2037. The growth of the market in the region can be attributed majorly to the rising adoption of technology that has saved manual labor from going into dangerous sites to carry out operations or maintenance. For instance, as per the data from the Indian government, nearly 520 districts out of 766 districts have declared that manual scavenging has reduced to zero in their areas. Moreover, around 200 sewer-cleaning automated machines were deployed in the capital of India.

North American Market Statistics

The North America pipe inspection robot market is estimated to be the second largest, registering a share of about 27% by the end of 2037. The growth of the market can be attributed majorly to the rising investment in nanotechnology. The United States expenditures the greatest amount of money on nanotechnology BERD of USD 13 500 million PPP, accounting for about 75% of total global nanotechnology BERD expenditures. Furthermore, the growing demand for oil and gas is also expected to drive market growth in the world.