New York, NY, Jan. 04, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “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”. According to the report, 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 through 80 Tables & 22 Figures spread over 110 Pages and in-depth TOC on “Global In-Pipe Inspection Robots Market 2018: Industry Size, Share, Segments Analysis and Forecast, 2026”.
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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.
Robots are being used increasingly in various verticals in order to reduce human intervention from work environments that are dangerous. In various industrial plants, the pipeline networks are inspected regularly for efficiency and security. The operations such as cleaning, maintenance, and inspection are expensive thus applications of robots appear to be an attractive solution. Pipeline networks are laid down for the transportation of oil and gas, drinking waters, etc. These pipelines face the problem of corrosion, aging, cracks, and various another type of damages. Thus keeping a check on these pipeline networks is very essential. Manual inspection of pipelines requires a lot of manpower. This 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. Moreover, the petrochemical industry is 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 thereby increasing the popularity of the in-pipe inspection robots market.
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Diameter robot product type segment registered the highest market share of over 37.09% in 2017 and it is also expected to grow at a high CAGR of around 17.62% over the forecast period. Diameter robots are capable of moving through very small pipes. This robot can be used to inspect and perform operations in 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. In the coming years, welding pipe robot is expected to grow with the highest CAGR of over 18%. This is owing to the fact that automation has stepped in as an alternative to manual welding. Robotic automation along with the flexibility of the human operator anticipates increasing the demand for the welding pipe robot.
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By application, gas pipelines accounted for the largest market share of 37.22% in 2017. The gas pipeline application was valued at USD 225.75 million in the year 2017 and is expected to reach over USD 881.29 million by the end of 2026 growing at a CAGR of 16.39% between 2018 and 2026. The growth in the usage of in-pipe inspection robots in the gas pipeline application is mainly due to the deposition of a wax-like substance on the walls of the pipelines. Such deposition occurs very often owing to change in the pipeline wall temperature. Moreover, the negative radial temperature gradient present in the flow may also result in deposition of a crystalline or wax-like substance on the walls of the pipeline. The deposition on the walls of the pipelines is more frequent in gas pipelines. Hence in-pipe inspection robots are widely used in the inspection of gas pipelines.
Asia Pacific is expected to grow at the highest CAGR of 20.23% over the forecast period. The growth in Asia Pacific in-pipe inspection robots market is owing to increasing investment in the transportation of petrochemical products through the pipeline network. This is estimated to create ample opportunities for in-pipe inspection robots in the Asia Pacific. North America held the highest market share of the global in-pipe inspection robots market in 2017. This is owing to the large network of pipeline in North America which accounts for around 2,325,032 km.
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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.
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Global In-Pipe Inspection Robots Market: Product Type Segment Analysis
- Thickness Measuring Robot
- Diameter Robot
- Welding Pipe Robot
- Others
Global In-Pipe Inspection Robots Market: Application Segment Analysis
- Water Supply Facilities
- Oil Pipeline
- Gas Pipeline
- Plant
Global In-Pipe Inspection Robots Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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