30-Apr-2018 | Zion Market Research
The global in-pipe inspection robots market was valued at around USD 605 million in the year 2017 and is expected to reach over USD 2,450 million by the end of 2026 growing at a CAGR of more than 16.5% between 2018 and 2026.
Pipeline networks are majorly used for transporting oil and gas, drinkable water, effluent water, etc. In the U.S., the length of the pipeline is around 2,225,032 km. Out of which, 1,984,321 km is a gas pipeline and 240,711 km is oil pipeline. Moreover, the petrochemical industry is also increasingly adopting pipeline transport. As the demand for oil and gas is increasing across the globe, it is expected that the pipeline network will increase in length in the near future. This increasing demand for the pipeline networks anticipates increasing the demand for the in-pipe inspection robots. The in-pipe inspection robots are used for operations such as cleaning, maintenance, and inspection of the pipeline networks in order to eliminate human interference. Manual inspection of the pipelines requires a lot of manpower which incurs additional cost for the companies. Usage of in-pipe inspection robots, though expensive, works with accuracy and generates positive cash flow over a period of time. This is likely to boost the use of in-pipe inspection robots market over the forecast period.
Browse the full “In-Pipe Inspection Robots Market by Product Type (Thickness Measuring Robot, Diameter Robot, Welding Pipe Robot, and Others), by Application (Water Supply Facilities, Oil Pipeline, Gas Pipeline, and Plant) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” report at http://www.zionmarketresearch.com/report/in-pipe-inspection-robots-market
However, the in-pipe inspection robots market is expected to face some challenges such as high capital investment and inability to move in T-shape pipe. This is projected to negatively impact the in-pipe inspection robots market over the forecast period.
According to the analysis, the in-pipe inspection robots market will have a significant contribution to the petrochemical industry. The diameter robot segment will grow with a CAGR of 17.62% from 2018–2026. The diameter robot product type segment contributed USD 224.99 million in 2017 and it is expected to reach USD 965.86 million by 2026. Diameter robots are capable of moving through very small pipes. It can be used to inspect the flow properties through various sizes of pipes ranging from 150 mm to 5000 mm. Hence diameter robots are being widely used in several applications and are projected to grow at a significant CAGR over the forecast period.
Global In-Pipe Inspection Robots Market: Product Type Segment Analysis
Global In-Pipe Inspection Robots Market: Application Segment Analysis
Global In-Pipe Inspection Robots Market: Regional Segment Analysis
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651