Inspection Robotics in Oil & Gas Market Analysis, Innovation Sales, Consumption Status, Global Share, Upcoming Trends, Huge Growth Opportunity, Comprehensive Outlook, And Forecast 2030

In a recent published report, Kenneth Research has updated the Inspection Robotics in Oil & Gas Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Inspection Robotics in Oil & Gas Market products.

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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017

Inspection robotics in oil & gas industry are robots and intelligent devices developed and employed for inspecting, monitoring and surveying oil & gas pipelines, platforms, rigs, storage tanks and other oil & gas structures. Oil & gas inspection robots include unmanned underwater vehicles (UUVs), unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), and smart PIGs among others. UUVs include remotely operated underwater vehicles (ROVs) and autonomous underwater vehicles (AUVs). APAC Capex (capital expenditure) of inspection robots in oil & gas industry is expected to grow at 16.1% annually over 2019-2025 driven by an increasing adoption of intelligent robotics in oil & gas inspection and surveillance across the region.
Highlighted with 22 tables and 38 figures, this 128-page report “Inspection Robotics in Oil & Gas Industry: APAC Market 2018-2025 by Robot Type, Application, System Component and Country” is based on a comprehensive research of the inspection robots market in oil & gas industry by analyzing the entire regional market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report provides historical market data for 2014-2017, revenue estimates for 2018, and forecasts from 2019 till 2025. (Please note: Before delivery, the report will be updated so that the latest historical year is the base year and the forecast covers the next 5-10 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of APAC market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify APAC oil & gas inspection robotics market in every aspect of the classification from perspectives of Robot Type, Application, System Component and Country.
Based on robot type, the APAC market is segmented into the following sub-markets with annual revenue included for 2014-2025 (historical and forecast) for each section.
• ROVs
• AUVs
• UAVs
• UGVs
• Smart PIGs
• Others

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Based on application, the APAC market is segmented into the following sub-markets with annual revenue included for 2014-2025 (historical and forecast) for each section.
• Oil and Gas Pipelines
• Oil Storage Tanks
• Platforms
• Rigs
• Other Oil and Gas Structures
Based on system component, the APAC market is segmented into the following sub-markets with annual revenue included for 2014-2025 (historical and forecast) for each section.
• Hardware System (further split into Imaging System, Sensors and Automation Systems, Steering and Positioning, Navigation System, Energy and Propulsion, others)
• Software System
• Operation and Service
Geographically, the following national markets are fully investigated:
• Japan
• China
• Indonesia
• Australia
• India
• Rest of APAC
For each of the aforementioned countries, detailed analysis and data for annual capex are available for 2014-2025. The breakdown of key national markets by Robot Type and Application over the forecast years are also included.
The report also covers current competitive scenario and the predicted manufacture trend; and profiles oil & gas inspection robot vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in APAC oil & gas inspection robot market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players:
ABB Ltd.
AeroVironment, Inc.
Alstom Inspection Robots
Cyberhawk Innovations Ltd.
ECA Group
Flyability SA
FMC Technologies Inc.
Honeybee Robotics
Hydrovision Ltd.
IKM Subsea AS
ING Robotic Aviation
International Submarine Engineering (ISE) Ltd.
Inuktun Services Ltd.
MISTRAS Group Inc.
OC Robotics
Seegrid
Sky-Futures
VDOS
(Please note: Before delivery, the report will be updated so that the latest historical year is the base year and the forecast covers the next 5-10 years over the base year.)

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Eli is a freelance writer and possess double graduation degree in physics and chemistry. She is an intense writer covering everything for Science and Tech to Business, Entertainment, Sports and Lifestyle.

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