Pipe Inspection Robot Market Size

Pipe Inspection Robot Market size is estimated to surpass USD 5 Billion by the end of 2036, witnessing around 15% during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of pipe inspection robot was around USD 3 Billion. The growth of the market can be attributed to the growing network of gas pipelines. As of December 2020, there were around 2,381 operating oil and gas pipelines spread over 162 nations. Moreover, between 2022 and 2026, around 536 transmission oil and gas pipelines are expected to come online. With the expansion of pipelines, safety has become the paramount concern, pipe inspection robots provide a safe way of inspection.

In addition to these, a factor that is believed to fuel the market growth of pipe inspection robots is surging industrial growth. The necessity for constructing and extending infrastructure, such as pipelines for transversing fluids has increased dramatically with the expansion of the industrial sector. The higher the size and scope of an industrial infrastructure, there's more the requirement for routine inspection and maintenance, which increases the demand for pipe inspection robots.