Navigant: Total market for drones, robotics for electric T&D to exceed $13B globally by 2026

Monday December 11, 2017 0 comments Tags: Boulder, Navigant Research, drones, robotics, Michael Hartnack

BOULDER -- The total market for drones and robotics for all electric transmission and distribution (T&D) segments is expected to reach $13.2 billion by 2026, according to a new report from Navigant Research.NavigantNEWlogoUSE

The report says drones and robotics technologies have the potential to revolutionize the way utilities interact with their 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.

“Navigant Research has identified three core drivers for change in utility operations: speed, savings, and safety,” said Michael Hartnack, Navigant research analyst.

“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 notes.

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 website.