CHICAGO, Sept. 8, 2020 /PRNewswire/ -- According to the
new market research report "Renewable Drones Market by
Drone Type (Multirotor and Fixed Wing), Solution (End-to-End
Solution and Point Solution), End user (Solar (Photovoltaics and
Concentrated Solar Power) and Wind), and Region - Global Forecast
to 2025", published by MarketsandMarkets™, the Renewable Drones
Market size will grow to USD 148
million by 2025 (forecast year) from USD 45 million in 2020 (estimated year), at a
CAGR of 27.1% during the forecast period. The rising adoption of
drones for reducing inspection, increasing focus on asset
optimization are the driving factors for the Renewable Drones
Market, globally. Technological developments software for drone
data analytics, and rapid development of renewable plants which
creates opportunities for growth of the market.
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The multirotor segment is expected to dominate the Renewable
Drones Market, by drone type, during the forecast period.
Multirotor drones have various advantages over Fixed wing
drones; for instance, multi-rotor aircraft can perform vertical
takeoffs and landings. They also require less space to take flight,
can hover mid-flight, and maneuver around objects for easy
inspection, mapping, and modeling. Further, multirotor drones use
multiple propellers to maneuver; hence, they do not require a
larger surface area or wingspan as compared to Fixed wing drones.
Moreover, multirotor drones are designed to be folded down and
packed up into smaller cases, which makes them easier to transport.
Such factors drive the growth of multirotor drones in the Renewable
Drones Market.
Browse in-depth TOC on "Renewable Drones
Market"
96 – Tables
46 – Figures
295 – Pages
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The solar segment is expected to be the fastest growing
Renewable Drones Market, by end user, during the forecast
period.
The solar segment, by end user, Renewable Drones Market is
estimated to grow at the fastest rate during the forecast period.
This is mainly because of the increasing demand for inspection
operation from existing solar farms. Moreover, rapid investments
for development of solar PV farms in the Asia-Pacific region are factors propel the
growth of solar segment in the Renewable Drones Market.
Asia Pacific likely to
emerge as the largest Renewable Drones Market
In this report, the Renewable Drones Market has been analyzed
for six regions, namely, North
America, South America,
Europe, Asia Pacific, Middle
East & Africa.
Asia Pacific is expected to be the
largest Renewable Drones Market during the forecast period.
Asia Pacific comprises
China, India, Japan,
Australia, and Rest of
Asia Pacific. The region has a
high demand for electricity due to a rise in urbanization,
industrialization, and population growth. The rapid increment in
economic growth would lead to an increase in the demand for power.
This would necessitate greater investments in the renewable power
generation infrastructure. The region is expected to experience an
increase in investments due to the rapidly declining prices of
solar panels.
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To enable an in-depth understanding of the competitive
landscape, the report includes the profiles of some of the top
players in the Renewable Drones Market.
Some of the key players are DJI Enterprise (China), Terra
Drone (Japan), Aerodyne
Measure (US), and DroneDeploy (US). The leading players are
adopting various strategies to increase their share in the
Renewable Drones Market.
Browse Adjacent Markets: Energy and Power Market
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