DUBLIN – (BUSINESS WIRE) – The report “Renewable Drones Market – Forecasts from 2021 to 2026” has been added ResearchAndMarkets.com Offer.
The global renewable drone market is valued at $ 75.194 million in 2020 and is growing at an annual growth rate of 28.51%, reaching the market size of $ 338.691 million by 2026.
Renewable drones are the type of drones used in the renewable energy industry for a variety of purposes. The advent of drones in the renewable energy industry is still evolving with different applications that emerge over time. For example, a 4 to 5 hectare solar park is needed to generate around 1 MW of electricity, which means larger solar parks must be built to reduce the increasing demand for energy from renewable sources.
A drone plays an important role in developing a solar park on such a large scale by helping with the initial planning of the site, making a correct layout of the plan, providing aerial data and information about the mapping of the area. A drone can also be used for regular inspections of such a large farm, which is more complex and difficult humanly. With increasing awareness of the role a drone plays in building solar and wind farms on such a large scale, it is expected to power the market in the years to come.
The immense use of drones in wind farms should drive the market in the forecast period. For example, the Rampion offshore wind farm extends over almost 30 square kilometers off the south coast of England. England has around 35 such wind farms, making it one of the largest wind power producing countries.
According to the future plans set by the government, the country is expected to quadruple offshore wind power by 2030. Given the rapid pace of development, the demand for drones in the industry is expected to increase significantly in the coming years for various applications. Using drones on farms is initially an investment as they will prove to be more efficient in the longer term, reducing costs and the likelihood of human error.
The thermal camera drones are used extensively due to their ability to remotely indicate to the operator when a particular device is not working as effectively as others. This makes it easier for the operator to recognize the error and correct it accordingly. A key factor driving the renewable drones market is their increasing use for security purposes. Operating a large renewable energy farm park makes it difficult for the operator to keep any activity on the site in check, which is why some of these farm operators choose to use drones to keep the area in check.
The advent of COVID-19 had a negative impact on the market as the pandemic stalled activity in various industries, including the development of such renewable energy plants in several countries, and slowed the growth of the renewable drone market to significant levels the year 2020.
As industries get back on track and recover from losses due to the pandemic, the renewable energy projects, which were unable to continue the processes due to the lockdown, are expected to resume in the coming months. The renewable drone market is expected to grow gradually at first, but is expected to see rapid growth after the industries resume full-fledged activities during the forecast period due to increasing global demand for renewable energy.
The players in the renewable drones market are implementing various growth strategies in order to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies, and the report also mentions the recent deals and investments of various market players over the past few years.
Main topics covered:
2. Research methodology
4. Market dynamics
4.1. Market leader
4.2. Market restrictions
4.3. Porter's Five Forces Analysis
4.4. Analysis of the industry's value chain
5. Renewable Drones Market Analysis by Type
5.3. Repaired wing
6. Renewable Drones Market Analysis for Solution
6.2. End-to-end solution
6.3. Point solutions.
7. Renewable Drones Market Analysis by End User
7.2. Solar power plants
7.3. Wind turbines
8. Renewable Drones Market Analysis by Geography
9. Competitive Environment and Analysis
9.1. Main actors and strategy analysis
9.2. Emerging Players and Market Reliability
9.3. Mergers, acquisitions, agreements and collaborations
9.4. Matrix for the competitiveness of providers
10. Company profiles
SZ DJI Technology Co., Ltd.
Drone Volt Group
Nano Net Technologies Inc.
ideaForge Technology Pvt. Ltd.
Terra Drone Corporation
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