Pipe Inspection Robot Market Overview
As per the ongoing research, global pipe inspection robot market is expected to experience optimistic rate with projections around 15 %- 18 % CAGR from 2021 to 2031. However, the covid-19 outbreak has caused havoc on operations across all end-use industry verticals, affecting production and demand directly, disrupting supply chains, and affecting businesses and financial markets financially.
Government-imposed restrictions and uncertain economic situations have lowered demand, but this industry is booming as emerging economies focus more on their deregulation. Besides, rising demand for in-pipe inspection robot from various end-user industries such as oil and gas industry, water industry, and others is likely to drive the in-pipe inspection robot market consumption in upcoming years.
What are driving Factors behind rise of Pipe Inspection Robot Market?
Increasing automation challenges manufacturers to design automated inspection robots in order to fulfill the demand in the market. As worldwide demand for oil and gas develops, the pipeline network is anticipated to expand in the near future. The cleaning, maintenance, and monitoring of pipeline networks in order to eliminate human involvement are the primary driving drivers in this industry.
The usage of in-pipe inspection robots ensures accuracy and creates positive cash flow over time. Because of its speed and diameter adjustability, the In-Pipe inspection robot is the most popular. It improves safety and quality by providing a safe working environment in remote regions. This cutting-edge technology will be critical in growing the demand for inspection robots in the next years.
The demand from downstream and mid-stream based oil and gas pipelines maintenance services is considered to be primary driver of the market growth of inspection robots. Scope from ageing pipelines overhaul and monitoring to witness a an aorta of use as compared to new pipeline Installations
Growth outlook for Pipe Inspection Robot Market
With increasing demand for marine pipelines, oil and gas pipelines, chemical pipelines, coal and ore pipelines, water distribution pipelines, and sewage pipelines has necessitated the development of automated pipelines to address diverse concerns. In the approaching years, this market will be boosted by rising population and industrial growth in emerging countries.
Product customization to cater high end applications and other specific configurations such as camera visibility range, axis of motion and end user communication protocols is being undertaken by concerned market participants. This key trend is proving to be a value added proposition of the device OEMs in pitching their product line to clients.
China Demand Scenario
In recent years, China has been a fast-growing economy across many industries. China is in a unique position to lead the world in terms of automation. For four years in a row, China is considered as a prominent industrial robot market and is expected to grow at the significant growth rate.
As one of the priority sectors for high-end growth, along with artificial intelligence and automation, to drive forward the transformation and upgrading of the manufacturing industry. Interest in supply chain automation, as well as political support for local innovation, could boost growth in the future years. China's robotics sector is certainly enormous, but there is still a lot of space for growth.
North America Market Growth Outlook
The automation industry in North America continues to grow robustly as companies invest to increase productivity and boost competitiveness while also providing opportunities for workers.
As per IRA, Robotic unit sales climbed by 3-4 percent in North America during historical 2 years. Significant technological developments, like as sensor technologies that enable greater object perception and a precise positioning system, have allowed the robotics sector to tap into untapped potential in a variety of applications.
Who are the Key Manufacturers and Suppliers of Inspection Robot?
Key examples of Pipe Inspection Robot manufacturers include
- General Electric
- Xylem Inc.
- Tongren Tuofeng (Beijing) Technology Co., Ltd
- Mini-Cam Ltd
- RedZone Robotics
- Envirosight LLC
- Eddyfi Technologies
- Wuhan Easy-Sight Technology Co., Ltd
- Super Droid Robots, Inc.
- IPS Robot
- Bominwell Robotics
- IPEK International Gmbh
- IBAK Helmut Hunger GmbH and Co. KG
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
- Wheel In-pipe Inspection Robot
- Tracked In-pipe Inspection Robot
- Aerial Drones
- Welding pipe Robot
- Remote Inspection Robot
- Scanning System Robot
- Thickness measuring Robot
- Oil & Gas
- Sewer Management
- Water utilities
- Industrial plants
- Civic Infrastructure
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Germany, Italy, France, U.K., Spain, BENELUX, Russia
- South Asia Pacific
- India, ASEAN, Australia and New Zealand (ANZ)
- East Asia
- China, Japan, South Korea
- Middle East and Africa
- GCC Countries, Turkey, North Africa, South Africa