Drone Surveillance Market Used For Power Plant Inspection, Inspection of Power .

Posted by ROSHAN KHACHANE on June 17th, 2019

Drones are unmanned aircraft. They are formally known as unmanned aircraft system (UAS) or unmanned aerial vehicle (UAV). They can also be called flying robots. Drones can fly autonomously or can be remotely controlled. Drone surveillance services refer to the different types of work that drones carry out for companies in the energy industry. The type of work primarily refers to monitoring and surveillance of energy industry assets such as pipelines, power plants, wind turbines, platforms, and solar panels.

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Energy industry consists of various types of assets such as wind turbines, solar panels, oil and gas distribution pipelines, power plants, associated distribution lines, ports, onshore and offshore platforms, and mines. It is important to monitor and inspect these on a regular basis to keep them in a good working condition. Carrying out this task manually is time consuming. Drones can significantly lower the time taken to carry out the tasks mentioned above. Furthermore, energy industry assets are often located in remote areas such as forests or in difficult terrains such as mountains. They can also be located in hard-to-reach areas such as offshore. This makes it difficult for employees to monitor them and gather data. It can even put employees at the risk of their lives. Data collected in such an uncomfortable manner can also be erroneous. Drones eliminate the dangerous element from the task of monitoring assets and collecting data. The ability to fly drones around assets also improves data collection accuracy. A drone operator can focus exclusively on data collection rather than expend time and energy worrying about health and safety. These advantages of drones have further endeared them to the energy industry.

Lack of Regulations Holding Back Growth and Putting Downward Pressure on Prices

Drone-related regulations are still to come into effect in several countries such as India. However, companies have already started offering their services to clients. Such an unregulated environment does not inspire confidence in potential clients. It also hampers the development of new applications of drones. Lack of regulations has been an important reason for the development of a niche market segment related to individuals providing drone surveillance services, instead of companies. The number of such pilots is rising. This has resulted in intense competition between the two types of service providers, leading to considerable pressure on the charges that can be quoted to clients for monitoring and data analysis work. However, lowering of charges is not the only concern that the situation has generated. The capability of pilots and quality of analysis are also causes of concern. Regulations are needed to ensure that the lack of quality work by individual drone pilots does not erode the positive sentiment in the entire drone surveillance market for the energy industry.

Automation, Analytics, and Monitoring of Pipelines in Power Generation, and Oil & Gas Industry Provide Significant Opportunities

Majority of drone surveillance companies can provide comprehensive asset monitoring and data collection services. However, these companies need to have separate software and skillsets for data analysis. In the long term, companies in the energy industry can be expected to develop their own teams of drones and drone pilots. However, companies are unlikely to develop the necessary analytical software to analyze the collected data. The ability to provide specific services under analytics, predictions, and forecast is projected to be the major differentiator among drone surveillance companies. Similarly, automation of data collection and analysis is likely to reduce costs, increase efficiency, and go a long way in helping companies outperform competitors.

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Drones are generally flown high in the air. They are equipped with advanced sensors, cameras, and other gadgets to perform the necessary functions. Maneuvering drones in open air spaces is relatively easier compared to doing the same in closed spaces. Essentially, it is easier to monitor visible assets with drones rather than those located in enclosed spaces such as inside offshore platforms. It is also easier to maintain high speed and accuracy of data collection when drones are operating in an open space environment. Thus, drones are extensively used to monitor pipelines in power generation and oil & gas industries.