According to the report analysis, ‘Inspection Robotics In Oil & Gas Industry: North America Market 2018-2025 By Robot Type, Application, System Component And Country’ states that the North America Capex (capital expenditure) of inspection robots in oil & gas industry to reach USD 644.8 million in 2025, fueled by an increasing adoption of intelligent robotics in oil & gas inspection and investigation over the years to come. In addition, the oil and gas industry is predicted to see a consistent growth over the next ten years due to the growing ultimatum for the energy, especially in the transportation and manufacturing industry.
The Oil & gas inspection robots contain the unmanned underwater vehicles (UUVs), unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), and smart PIGs among others. UUVs include remotely functioned underwater vehicles (ROVs) and autonomous underwater vehicles (AUVs).
Furthermore, the companies require to evaluate the requirement for the robotics and automation, which support the maintaining quality, augment the proficiency and to continue competitive. The Drilling has been shifting towards harsher surroundings like the Artics, only to determine the demand to substitute human existence with the robots. Not only has this, the robotics application for maintenance, repair and inspection will extremely result in developing the safety measures and productivity in the procedures of production. Moreover, the report also states that there are numerous key players which are extremely working in this sector more actively for leading the fastest market growth and registering the high value of revenue while developing the operations of robotics in the oil and gas industry and adopting the significant techniques of working which further benefitted for increasing the amount of revenue in the North America region includes 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 and several others.
Additionally, the robots must be fortified with the wide variety of sensors for the core functionality. Due to the distant nature of the offshore sites, communication with a central unit and human is usually. The hardware and communication requirement have been encountered by a number of companies functioning to provide the robots for the most rugged terrains, over the years.
The advancements in the software also push towards an absolutely autonomous robotic system, hence decreasing the costs linked with the labor while augmenting the proficiency and safety. Moreover, with the speedy pace of software developments and a superfluity of use-case scenarios, the robotics market is predicted to attain from the increasing the requirement in the oil and gas segment in the next coming years.
The several other applications comprise the remotely-operated aerial drones, automated underwater vehicles, robotic drills and many more. The downtime on an oil attire or other drilling site is luxurious – robots are assisting to solve this problematic to increase the productivity. Furthermore, it is anticipated that in the near future the role of robotics will increase more positively in the oil and gas industry across the North America region over the coming years.
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Ankur Gupta, Head Marketing & Communications