Pipe Inspection Robot Market Trends

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

Pipe Inspection Robot Market Trends

Growth Drivers

  • Growing Improvement in the Structure – There has been ongoing technological advancement in the structure of pipe inspection robots, such as the flexibility has been improved. Moreover, pipe inspections are able to reach longer distances owing to their improved signal transmission capability. Modern improvements in inspection robots have improved their navigation properties even in complex conditions. They can inspect different pipes of different diameters and negotiate bends.
  • Rising Shift Towards Nanotechnology– Cameras, sensors, and essential components used in pipe inspection robots can now be miniaturized through the use of nanotechnology. Nanotechnology allows for the lowering of atomic dimensions and tolerances to less than 100nm, as well as the reduction of product size without compromising performance. Smaller structures will allow robots to navigate through smaller diameters.
  • Rising Use of Drones for SurveillanceInspection drones mounted with night vision cameras and thermal imaging sensors are capable of offering 24-hour observation, even in low-light or adverse conditions.  Drones integrated with cameras and sensors help in providing the aerial view and they are suitable for identifying initial damages through aerial views.

 

Challenges

  • The Rising Complexity of Pipeline Networks- Pipeline networks can be quite complicated, with a wide range of sizes, dimensions, and topologies. Creating inspection robots that can traverse different environments can be difficult.
  • Low Competency with the Existing Systems
  • Lack of Service Training and Expertise

Pipe Inspection Robot Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

15.6%

Base Year Market Size (2024)

USD 3.42 billion

Forecast Year Market Size (2037)

USD 22.52 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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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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