Navigant Research Report Shows the Total Market for Drones & Robotics for Transmission & Distribution Is Expected to Exceed $...
December 07 2017 - 5:15AM
Business Wire
To overcome regulatory barriers, utilities must continue to
deploy pilot programs demonstrating the benefits of these
technologies, report finds
A new report from Navigant Research examines the use of drones
and robotics for electric transmission and distribution (DRTD)
operations, with global market forecasts for revenue, broken out by
technology, application segment, and region, through 2026.
Drones and robotics technologies have the potential to
revolutionize the way utilities interact with their transmission
and distribution (T&D) assets and collect critical data. As
pilot programs continue to drive regulatory change, and as emerging
technologies advance, Navigant Research forecasts exponential
growth in the hardware, software, and services segments of the
drones and robotics for transmission and distribution (DRTD)
market. Click to tweet: According to a new report from
@NavigantRSRCH, the total market for all DRTD segments is expected
to reach $13.2 billion by 2026.
“Navigant Research has identified three core drivers for change
in utility operations: speed, savings, and safety,” says Michael
Hartnack, research analyst with Navigant Research. “Robotics
technology has the potential to deliver significant gains in all
three of these areas, primarily via ground-based, line-suspended,
and aerial (drones and unmanned aerial vehicles, or UAVs)
innovations.”
According to the report, utilities should continue to deploy
pilot programs that demonstrate the benefits of DTRD technology, as
every successful pilot program leads to the creation of many more.
The prevalence of these programs is expected to help to overcome
the regulatory barriers slowing the market and eventually drive
significant growth.
The report, Drones and Robotics for Transmission and
Distribution Operations, analyzes the drivers, barriers, and
regional and global trends affecting the deployment of robotics
technology in electric T&D operations. The study outlines the
financial, reliability, and efficiency market drivers for robotics
technology while highlighting the technical and regulatory
challenges that suppress its short-term penetration. Global market
forecasts for DRTD revenue, broken out by technology and
application segment and region, extend through 2026. The report
also examines the key technologies related to robotics in utility
operations, as well as the competitive landscape. An Executive
Summary of the report is available for free download on the
Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant,
provides market research and benchmarking services for rapidly
changing and often highly regulated industries. In the energy
sector, Navigant Research focuses on in-depth analysis and
reporting about global clean technology markets. The team’s
research methodology combines supply-side industry analysis,
end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of
the Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional
information about Navigant Research can be found at
www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is a specialized, global professional
services firm that helps clients take control of their future.
Navigant’s professionals apply deep industry knowledge, substantive
technical expertise, and an enterprising approach to help clients
build, manage and/or protect their business interests. With a focus
on markets and clients facing transformational change and
significant regulatory or legal pressures, the Firm primarily
serves clients in the healthcare, energy and financial services
industries. Across a range of advisory, consulting, outsourcing,
and technology/analytics services, Navigant’s practitioners bring
sharp insight that pinpoints opportunities and delivers powerful
results. More information about Navigant can be found at
navigant.com.
* The information contained in this press release concerning the
report, Drones and Robotics for Transmission and Distribution
Operations, is a summary and reflects Navigant Research’s current
expectations based on market data and trend analysis. Market
predictions and expectations are inherently uncertain and actual
results may differ materially from those contained in this press
release or the report. Please refer to the full report for a
complete understanding of the assumptions underlying the report’s
conclusions and the methodologies used to create the report.
Neither Navigant Research nor Navigant undertakes any obligation to
update any of the information contained in this press release or
the report.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171207005117/en/
Navigant ResearchLindsay Funicello-Paul,
+1-781-270*-8456lindsay.funicello.paul@navigant.com