Utility Drones Market Growing at a CAGR of 37.34% from 2018 to 2023

The utility drones market is expected to grow from an estimated USD 110.2 million in 2018 to USD 538.6 million by 2023, at a CAGR of 37.34% from 2018 to 2023. Rising demand for minimizing outages related to transmission & distribution infrastructure, focus on time and cost efficiency, and reachability in hazardous locations are the major drivers of the utility drones market.

Browse 79 market data Tables and 37 Figures spread through 140 Pages and in-depth TOC on "Utility Drones Market"
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Power segment is expected to hold the largest share of the utility drones market, by end-user, during the forecast period.

The power segment is expected to lead the utility drones market in 2018 and is projected to have the largest market share during the forecast period. The growth of the power segment is primarily driven by increase in population and rising demand for electricity. The benefits of utility drones in the power industry include cutting down of operation and maintenance costs; increasing worker safety considering their ability to operate drones in potentially dangerous areas; use of little or no fuel; and a negligible environmental impact. These factors drive the growth of the power segment of utility drones market.

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End-to-end solution is expected to hold the largest share of the utility drones market, by services, during the forecast period.

The end-to-end solution segment is expected to dominate the utility drones market in 2018 and is projected to hold the largest market share during the forecast period. The end-to-end solutions are more widely adopted by utility companies throughout the globe because of the availability of expertise required to obtain accurate data. Usage of end-to-end solution helps utility companies in avoiding problems such as updating drone technology and related data processing. All these are the major factors driving the end-to-end solution segment during the forecast period.

North America: the leading market for utility drones

In this report, the utility drones market has been analyzed with respect to 5 regions, namely, Asia Pacific, Europe, North America, South America, and the Middle East & Africa. The market in North America is expected to lead the global utility drones market in 2018 and is projected to have the largest market share by 2023. The US is expected to hold the largest share of the utility drones market in North America in 2018. The EIA’s Annual Energy Outlook 2016 has stated that the share of energy generation from renewable and nuclear energy sources in North America would grow by 45% by 2025. Rising investments in power infrastructure, increasing power consumption, and subsequently increasing focus on renewable power generation are major factors driving the growth of utility drones market in the region.

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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 utility drones market. The key players in the market Cyberhawk (Scotland), Delair (France), Measure (US), PrecisionHawk (US), and HEMAV (Spain).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Cryogenic Valve Market to exceed $3.75 Billion by 2023

The cryogenic valve market is expected to grow from an estimated USD 3.00 Billion in 2018 to USD 3.75 Billion by 2023, at a CAGR of 4.51%, from 2018 to 2023. This growth is primarily due to the rising production and trade of LNG to meet the LNG demand from various countries globally. High demand for industrial gases (nitrogen, oxygen, argon, helium, and others) from industries such as food & beverage, electronics, and chemicals is further expected to boost the cryogenic valve market.

Browse 73 market data Tables and 35 Figures spread through 126 Pages and in-depth TOC on “Cryogenic Valve Market”

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The energy & power segment is expected to hold the largest share of the cryogenic valve market

The energy & power segment is the cryogenic valve market in 2017 and is projected to dominate the market during the forecast period. Cryogenic valves are widely used in the energy & power industry. They are installed for the process of liquefication, transportation, and regasification. The rise in the trade of LNG across the world is one of the major drivers of the energy & power segment.

LNG is expected to be the fastest growing segment of the cryogenic valve market

The LNG segment is expected to hold the largest market share during the forecast period from 2018 to 2023. It is considered the major source of energy. LNG is also used in power generation in the automotive sector, while many countries are adopting LNG as its fuel for various applications in other industries as well. LNG is commonly used in shipbuilding, power generation, and automotive industries.

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Asia Pacific: The leading market for cryogenic valve system

In this report, the cryogenic valve market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Asia-Pacific is expected to hold for the large largest market share in the global cryogenic valve market in 2018. Countries such as China, India, Australia, and Japan have a huge demand for LNG, electronic equipment, chemicals, and metallurgy processes to meet the growing demand from residential and industrial sectors.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the cryogenic valve market. These players include Schlumberger (US), Emerson (US), Parker (US), Flowserve (US), and Weir Group (Scotland). 

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Circuit Breaker Market to exceed $8.68 Billion by 2022

The circuit breaker market is expected to grow from an estimated USD 6.85 Billion in 2017 to USD 8.68 Billion by 2022, at a CAGR of 4.85%, from 2017 to 2022. The global market is set to witness significant growth due increasing construction and developmental activities, growing access to electricity, and the increasing number of renewable power generation projects.

Browse 70 market data Tables and 40 Figures spread through 142 Pages and in-depth TOC on "Circuit Breaker Market"
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The transmission and distribution segment is expected to hold the largest share of the circuit breaker market, by end-user, during the forecast period.

The transmission and distribution end-user segment led the circuit breaker market in 2016 and is projected to dominate the market during the forecast period. The renewable segment is expected to grow at the fastest rate during the forecast period.

The growth of the transmission and distribution segment is primarily driven by increasing investments in sub-station automation, modernization of electric grids, and smart utilities which include smart grids and smart meters. This would enhance protection by decreasing energy losses caused by the poor operational efficiency of traditional equipment. This would ultimately create new revenue pockets for the circuit breaker market during the forecast period.

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The outdoor circuit breaker segment is expected to hold the largest share of the circuit breaker market, by type, during the forecast period.

The outdoor circuit breaker segment led the circuit breaker market, by type, in 2016 and is projected to dominate the market during the forecast period. The need for high reliability and safe operation of sub-station equipment is expected to drive the outdoor circuit breaker market. Outdoor circuit breakers can operate in the toughest climates and function reliably in every kind of environment.

Asia Pacific: the leading market for circuit breakers

In this report, the circuit breaker market has been analyzed with respect to 5 regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and South America. The market in Asia Pacific led the global circuit breaker market in 2016. Increasing grid investments especially in developing economies such as China and India and plans for electrification in remote areas in countries such as Vietnam, Indonesia, and the Philippines are expected to drive the circuit breaker market in Asia Pacific. Indonesia aims to achieve a 90% electrification rate by 2025 and countries such as the Philippines and Malaysia have similar plans. Growing investments in smart grid technologies such as distribution grid automation, smart meters, and demand response systems in Japan, South Korea, and Australia, among other countries, would create opportunities for the circuit breaker market in Asia Pacific.

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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 circuit breaker market. The key players include ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Hitachi (Japan), Toshiba (Japan), Schneider Electric (France), and Mitsubishi (Japan).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com