Ken Research’s Inspection Robotics in Oil & Gas Industry: Global Market 2017-2025 by Robot Type, Sub-system and Region gives a detailed analysis on the global market for inspection robots in oil and gas industry. The report also covers current competitive scenario and the predicted manufacture trend; and profiles global oil & gas inspection robot vendors including market leaders and important emerging players. Specifically, potential risks associated with investing in global 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 manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions. The top players in the market include 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. and OC Robotics. The report will help investors in making strategic investments.
Industrial inspections can be very dull, dangerous and monotonous. Robotics can change the face of industrial inspection by ensuring the process is not dangerous or dull. These inspections cover a wide range of duties that include operational assets and operational facilities during the process of decommissioning or evaluating the health of tanks. Though these routine checks and inspections are very important, they often prove to be dangerous as well. Introducing robotics in this field helps in reducing health, safety hazards that comes along with it. Automation is very valuable in these processes and they ensure that guided systems safely reach and operate where humans cannot. They are reducing time and costs companies spend on industrial inspections. These inspections also give valuable analytics for the firms to build digital alignment to the physical spaces and also reach smaller places which earlier humans could not inspect. The major reason why companies are moving towards inspection robots are reduced hazards and valuable insights.
However, the market deterrent is the huge expensive costs that needs to be incurred. But it helps in better utilisation of human resources. But they replace x – ray applications to conduct inspections and they are all industry – tested and work well in tough environments of power plants. Segment wise, the components that can be inspected using robotics are pipes, flare systems, vessels, tanks, reactors, long tuber and heat exchangers. In the whole inspection robotics market, oil and gas segment has the highest market demand.
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Ankur Gupta, Head Marketing & Communications