Global Drone-based Gas Leak Detection in Oil and Gas Market – Industry Trends and Forecast to 2031

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Global Drone-based Gas Leak Detection in Oil and Gas Market – Industry Trends and Forecast to 2031

  • OIL, GAS & ENERGY
  • Upcoming Report
  • Jun 2024
  • Global
  • 350 Páginas
  • Número de tablas: 220
  • Número de figuras: 60

Global Drone Based Gas Leak Detection In Oil And Gas Market

Tamaño del mercado en miles de millones de dólares

Tasa de crecimiento anual compuesta (CAGR) :  % Diagram

Diagram Período de pronóstico
2024 –2031
Diagram Tamaño del mercado (año base)
USD 5.60 Billion
Diagram Tamaño del mercado (año de pronóstico)
USD 8.53 Billion
Diagram Tasa de crecimiento anual compuesta (CAGR)
%
Diagram Jugadoras de los principales mercados
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Global Drone-based Gas Leak Detection in Oil and Gas Market, By Energy Source (Battery, Gasoline, Hydrogen Fuel Cell, Solar Drones), Sensor type (Visual (RGB), Infrared (IR), and Lidar (Light Detection and Ranging)), Application (Offshore Platforms Inspection, Refining Equipment, Leak Detection in Midstream Assets, Emergency Response, and Material Handling) - Industry Trends and Forecast to 2031.

Drone-based Gas Leak Detection in Oil and Gas Market

Drone-based Gas Leak Detection in Oil and Gas Market Analysis and Size

The essential factors contributing to the growth of the global drone-based gas leak detection in the oil & gas market in the forecast period of 2024 to 2031 include enhanced safety through remote monitoring, compliance with stringent environmental regulations, continuous technological advancements improving detection accuracy, and cost-effectiveness compared to traditional methods. Drones minimize risks by monitoring hazardous areas, ensuring regulatory compliance by providing real-time detection, and reducing operational costs through efficient monitoring, driving market growth.

Data Bridge Market Research analyses that the global drone-based gas leak detection in oil & gas market which was USD 5.60 Billion in 2023, is expected to reach USD 8.53 Billion by 2031, growing at a CAGR of 5.4% during the forecast period of 2024 to 2031. In 2024, the organic segment will dominate the market due to increasing preference for natural and organic products. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Pricing in USD, and Volume in Units

Segments Covered

Energy Source (Battery, Gasoline, Hydrogen Fuel Cell, Solar Drones), Sensor type (Visual (RGB), Infrared (IR), And Lidar (Light Detection and Ranging)), Application (Offshore Platforms Inspection, Refining Equipment, Leak Detection in Midstream Assets, Emergency Response, and Material Handling)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa

Market Players Covered

Flyability SA (Switzerland),DJI (China), Teledyne FLIR LLC (U.S.), Aerodyne Group (Malaysia), Lockheed Martin Corporation (U.S.), Elios Robotics (Switzerland), ideaForge Technology Ltd (India), SeekOps (U.S.), Volatus Aerospace Corp. (Canada)

Market Opportunities

  • Expansion in technological aspects

Market Definition

Drone-based Gas Leak Detection in Oil & Gas involves employing drones equipped with specialized sensors to detect gas leaks in oil and gas facilities. These drones can swiftly navigate complex terrain and inaccessible areas, enhancing safety and efficiency. Applications include monitoring pipelines, refineries, and storage tanks for leaks of methane, propane, and other gases. Drones provide real-time data, enabling rapid identification and mitigation of leaks, preventing environmental damage and ensuring regulatory compliance. This technology minimizes the need for manual inspections, reduces operational costs, and improves overall safety protocols in the oil and gas industry.

Drone-based Gas Leak Detection in Oil and Gas Market Dynamics

Drivers

  • Increasing Demand for Cost Effective Solutions

Drone-based gas leak detection offers a cost-effective alternative to traditional methods such as manual inspections or helicopter surveys. Drones can cover large areas quickly and require minimal manpower, reducing operational expenses associated with labour and equipment. This affordability makes drone technology accessible to a wider range of oil and gas companies, including smaller operators and those with limited budgets.

  • Rapid Response Offered by Drones

In the event of a gas leak or emergency situation, drones facilitate swift response times. Equipped with sensors capable of detecting various types of gases, drones can quickly pinpoint the source of a leak and relay real-time information to operators on the ground. This rapid response capability allows companies to implement timely mitigation measures, preventing potential environmental damage, minimizing loss of product, and ensuring operational continuity.

  • Rising Safety Concerns

Safety is a paramount concern in the oil and gas industry, and drones contribute significantly to improving safety protocols. By enabling remote monitoring of gas leaks, drones minimize the need for personnel to enter potentially hazardous areas, reducing the risk of accidents and exposure to harmful gases. Additionally, drones can access hard-to-reach or dangerous locations, providing critical data without endangering human lives.

Opportunities

  • Expansion in Technological aspects

Technological advancements continually improve drone capabilities, enabling more accurate and efficient gas leak detection. Enhanced sensor technology, improved flight capabilities, and data analytics software contribute to the effectiveness of drone-based detection systems. These advancements increase the reliability and speed of leak identification, reducing operational downtime and enhancing safety.

Restraint/Challenge

  • Strict Airspace Regulations and standard compliance

Regulatory hurdles involve compliance with airspace regulations, privacy concerns, and standards for gas leak detection accuracy. Navigating complex regulatory frameworks in different regions adds complexity and uncertainty to drone operations. Additionally, ensuring that drone-based detection systems meet industry standards and regulatory requirements is essential for gaining approval and maintaining credibility.

  • Fluctuating environmental conditions

Environmental conditions such as wind, temperature fluctuations, and terrain complexity can impact the performance of drone-based gas leak detection systems. High winds can affect drone stability and sensor accuracy, while extreme temperatures may affect battery life and overall drone performance. In addition, dense vegetation or rugged terrain can obstruct drone navigation and hinder the detection of gas leaks. Adapting drone operations to account for these environmental factors requires careful planning and may necessitate the use of alternative detection methods in certain situations.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the surgical microscopes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In April 2021, Pipelines frequently traversed inaccessible terrain to deliver industrial and residential gas. Operators of these networks had to guarantee the safety, integrity, and reliability of their pipelines. However, pinpointing odourless and invisible gas leaks accurately proved to be a challenging and costly endeavour. ABB addressed this challenge with its ABB Ability Mobile Gas Leak Detection System's newest enhancement, HoverGuard, which offered a solution by detecting leaks faster and more reliably than ever before

Drone-based Gas Leak Detection in Oil and Gas Market Scope

The market is segmented on the basis of energy source, sensor type, and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Energy Source

  • Battery
  • Gasoline
  • Hydrogen Fuel Cell
  • Solar Drones

Sensor Type

Application

  • Offshore Platforms Inspection
  • Refining Equipment
  • Leak Detection in Midstream Assets
  • Emergency Response
  • Material Handling

Drone-based Gas Leak Detection in Oil and Gas Market Regional Analysis/Insights

The global drone-based Gas Leak Detection in Oil & Gas Market is analysed and market size insights and trends are provided by country, energy source, sensor type, and application as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.

North America is dominating the market. This dominance is primarily attributed to several factors. First, North America is home to a significant number of oil and gas production facilities, particularly in the United States and Canada, where extensive pipeline networks span vast territories, making drone-based monitoring essential. In addition, the presence of key market players and ongoing technological advancements in drone technology further contribute to North America's dominance in this market.

The Asia-Pacific region is growing with the highest compound annual growth rate (CAGR) in the market due to significant expansion in oil and gas exploration and production activities, particularly in countries like China, India, and Australia. The growing demand for energy and the development of new oil and gas fields necessitate advanced monitoring solutions to ensure safety and environmental compliance.

The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Drone-Based Gas Leak Detection in Oil and Gas Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the market are:

  • Flyability SA (Switzerland)
  • DJI (China)
  • Teledyne FLIR LLC (U.S.)
  • Aerodyne Group (Malaysia)
  • Lockheed Martin Corporation (U.S.)
  • Elios Robotics (Switzerland)
  • ideaForge Technology Ltd (India)
  • SeekOps (U.S.)
  • Volatus Aerospace Corp. (Canada)


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Metodología de investigación

La recopilación de datos y el análisis del año base se realizan utilizando módulos de recopilación de datos con muestras de gran tamaño. La etapa incluye la obtención de información de mercado o datos relacionados a través de varias fuentes y estrategias. Incluye el examen y la planificación de todos los datos adquiridos del pasado con antelación. Asimismo, abarca el examen de las inconsistencias de información observadas en diferentes fuentes de información. Los datos de mercado se analizan y estiman utilizando modelos estadísticos y coherentes de mercado. Además, el análisis de la participación de mercado y el análisis de tendencias clave son los principales factores de éxito en el informe de mercado. Para obtener más información, solicite una llamada de un analista o envíe su consulta.

La metodología de investigación clave utilizada por el equipo de investigación de DBMR es la triangulación de datos, que implica la extracción de datos, el análisis del impacto de las variables de datos en el mercado y la validación primaria (experto en la industria). Los modelos de datos incluyen cuadrícula de posicionamiento de proveedores, análisis de línea de tiempo de mercado, descripción general y guía del mercado, cuadrícula de posicionamiento de la empresa, análisis de patentes, análisis de precios, análisis de participación de mercado de la empresa, estándares de medición, análisis global versus regional y de participación de proveedores. Para obtener más información sobre la metodología de investigación, envíe una consulta para hablar con nuestros expertos de la industria.

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Preguntas frecuentes

The Drone-based Gas Leak Detection in Oil and Gas Market size will be worth USD 8.53 Billion by 2031.
The Drone-based Gas Leak Detection in Oil and Gas Market growth rate will be 5.4% by 2031.
Increasing Demand for Cost Effective Solutions and Rapid Response Offered by Drones are the growth drivers of the Drone-based Gas Leak Detection in Oil and Gas Market.
The energy source, sensor type, and application are the factors on which the Drone-based Gas Leak Detection in Oil and Gas Market research is based.
The major companies in the Drone-based Gas Leak Detection in Oil and Gas Market are Flyability SA (Switzerland),DJI (China), Teledyne FLIR LLC (U.S.), Aerodyne Group (Malaysia), Lockheed Martin Corporation (U.S.), Elios Robotics (Switzerland), ideaForge Technology Ltd (India), SeekOps (U.S.), Volatus Aerospace Corp. (Canada).