Utility Drones Market Growth Insight, Share, Size, Key Players, Regional Study and Forecast 2021-2023

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Jan 06, 2021 (Heraldkeepers) —
Growing Demand for Renewable Energy to Drive Utility Drones Market

The global utility drones market is expected to exhibit a stellar 35.42% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global utility drones market is expected to reach a valuation of more than USD 630 million by 2025.

The report presents a complete overview of the global utility drones market’s[1] major drivers and restraints. The impact of the COVID-19 pandemic on the global utility drones market is also assessed in detail in the report. The report also presents a comprehensive overview of the utility drones market’s competitive landscape by profiling the major players in the global market.

Utility drones are used to monitor power generation and distribution infrastructure. They are equipped with high-resolution infrared cameras that can take highly detailed images of power generation and distribution infrastructure. This is a very important process for protecting the equipment from vandalism and natural accidents that may harm the equipment and knock out the power generation capacity. The increasing investment in power generation and distribution infrastructure from governments around the world is likely to be a major driver for the global utility drones market over the forecast period. Utility drones equipped with infrared cameras can also take pictures of overheating equipment, as the thermal signature would get registered in the infrared cameras. This makes utility drones doubly useful for power generation and distribution projects.

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