APAC Market Statistics
Asia Pacific industry is poised to dominate majority revenue share by 2037. This growth could be attributed to the rise in the installment of onshore wind farms in this region. Approximately, 694 offshore wind projects were in progress worldwide in 2021. Out of which, about 45% of the world's offshore wind projects were situated in Asia-Pacific (APAC), with mainland China hosting over 23% of them. This growth in these projects is influenced by growing electricity demand which is further influenced by rising urbanization, and industrialization. Hence, these all factors are slated to boost the market growth in this region. Moreover, in this region the government is also focusing more on renewable energy and increasing its investment in it, Therefore, this element would also boost the wind turbine inspection drones market growth in this region over the projection period.
North American Market Forecast
North America wind turbine inspection drones market is also projected to have noteworthy growth over the forecasted period. This growth could be encouraged by growing oil prices in this region. Additionally, the popularity of small wind farms is also on surge in this region. Also, this region consists of key players which are bringing out various advancements in inspection drones. Furthermore, additionally, an increasing number of operators are making significant investments in order to offer drone services to customers at affordable prices, which is projected to boost demand for drones in the region's energy sector.
Author Credits: Dhruv Bhatia
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