MRO Magazine

Revenue for Wind Turbine Unmanned Aerial Vehicles Sales is Expected to Total Nearly $6 Billion by 2024, According to Navigant Research


September 15, 2015
By Business Wire News

BOULDER, Colo.

A new report from Navigant Research examines the global market for unmanned aerial vehicles (UAVs), commonly known as drones, for wind turbine blade inspection, including revenue forecasts by segment and region, through 2024.

To inspect the blades of the more than 270,000 wind turbines operating globally, technicians have traditionally relied on binoculars and field scopes from the ground, or have scaled the turbines with the help of ropes or cables. Today, UAVs are providing a safer option, with the benefit of higher-resolution imaging. Click to tweet: According to Navigant Research, cumulative global revenue for wind turbine UAV sales and inspection services is expected to reach nearly $6 billion by 2024.

“The use of drones for wind turbine blade inspection is proving to be more than a novelty,” says Jesse Broehl, senior research analyst with Navigant Research. “Current inspection techniques from the ground and by rope or platform access will not be replaced, however, they will increasingly be augmented by drone inspections, which bring certain advantages.”

The emerging wind turbine UAV market is driven by the massive number of blades that need to be inspected for normal deterioration and for pre-end-of-warranty inspections, according to the report. If uninspected, deterioration caused by the elements to the more than 800,000 blades in operation can result in reduced energy production and blade collapse, which could have catastrophic effects.

The report, Drones for Wind Turbine Inspection, analyzes the global market for UAVs for wind turbine blade inspection. The study provides an analysis of the market dynamics, industry structure, and technological features driving the market for UAV hardware and inspection services. Global market forecasts for revenue, broken out by segment (multi-rotor UAVs and UAV inspection services) and region, extend through 2024. The report also examines the key regional regulations related to UAVs, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is an independent specialized, global professional services firm that combines deep industry knowledge with technical expertise to enable companies to defend, protect and create value. With a focus on industries and clients facing transformational change and significant regulatory and legal issues, the Firm serves clients primarily in the healthcare, energy and financial services sectors which represent highly complex market and regulatory environments. Professional service offerings include strategic, financial, operational, technology, risk management, compliance, investigative solutions, dispute resolutions services and business process management services. The Firm provides services to companies, legal counsel and governmental agencies. The business is organized in four reporting segments – Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare; and Energy. More information about Navigant can be found at navigant.com.

*The information contained in this press release concerning the report, Drones for Wind Turbine Inspection, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Navigant Research
Lindsay Lorenz, +1-303-493-5477
lindsay.lorenz@navigant.com
or
Megan Maupin, +1-312-583-5703
megan.maupin@navigant.com