Home
About us
Industry +
News Room +
Contact usGlobal Transformer Substation Inspecting Robot Mar...
RD Code : 53421Global Transformer Substation Inspecting Robot Market, Sales Analysis, Market Revenue, Industry Drivers & Opportunities, Recent Trends & Developments, COVID-19 Impact, Regional Outlook, and Forecast 2022 - 2028, By Type (Wheel Type, Crawler Type); By Application (Single Station Type, Multi-Station Type); and Region (North America, Europe, Asia Pacific, South America, and Middle East and Africa)
Categories: Electronics & Semiconductor
Format : 
Market Outlook
According to Future Market Consulting analysis, Global Transformer Substation Inspecting Robot Market size was valued at USD 164.7 Million in 2021 and is projected to reach USD 361.8 Million by 2028, growing at a CAGR of 12.8% in anticipated time frame of 2022 to 2028. The Global Transformer Substation Inspecting Robot market has expected valuation of USD 190.6 Million in 2023.
Robotic inspection enables a higher level of quality assurance and product assurance. Furthermore, transformer inspection robots can work in dangerous and unstable environments. Inspection robots decrease inspection downtime, enhance organizational capacity, and cut inspection costs. New gen inspection robots are compact, versatile wheeled inspecting robots that incorporate automated guidance and positioning technique, non-contact recognition engineering, multi-sensor fusion, and substantial data analysis in the background.
Over the last decade, the area of robotic power station equipment inspection has grown significantly in order to speed the realization of unattended substations, which would increase the reliability, safety, & intelligence of power substations. The adoption of artificial intelligence and IoT to optimize operations is one of the inspection robot’s industry trends which will gain momentum over the forecast period. The transformer substation inspection robot market is being hampered by outdated energy infrastructure. One of the best approaches for substation automation is smart grid, which allows for automatic re-routing if machinery breaks or outages occur, minimizing disruptions and their repercussions.
Key Players
- ANYbotics AG
- Boston Dynamics
- KNR Systems Inc
- Lynxmotion Inc
- Moog Inc
- UnitreeRobotics
- Ghost Robotics Corporation
- Dali Technology
- Shenzhen Skyee Smart Grid Technology
- CSG Smart Science & Technology
- Zhengzhou Wanda Technology
- Sino Robot
- SMP Robotics
- Shandong Luneng Intelligence Tech
Market Dynamics
Drivers
- The growing need for sources of renewable energy is propelling the market further.
- The need to eliminate power failures and improve grid dependability is also propelling the industry to grow.
- increasing demand for inspection to maintain reliability & safe operations of power substation within Europe & North American region.
Challenges
- Unable to perform complex operation with better functionality
- Still need human interference in major applications
|
Report Attributes |
Details |
|
Market Size Value In 2021 |
USD 164.7 million |
|
Revenue Forecast In 2028 |
USD 361.8 million |
|
CAGR |
12.8% from 2022 - 2028 |
|
Base Year |
2021 |
|
Historical Data |
2017 - 2020 |
|
Forecast Period |
2022 - 2028 |
|
Segments Covered |
By Type (Wheel Type, Crawler Type); By Application (Single Station Type, Multi-Station Type); |
|
Regional Scope |
North America (US, Canada, Mexico); Europe (UK, Germany, France, Italy, Spain, Rest of Europe); Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific); Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa); South America (Brazil, Argentina, Rest of South America); |
|
Key Companies |
ANYbotics AG, Boston Dynamics, KNR Systems Inc, Lynxmotion Inc, Moog Inc, UnitreeRobotics, Ghost Robotics Corporation, Dali Technology, Shenzhen Skyee Smart Grid Technology, CSG Smart Science & Technology, Zhengzhou Wanda Technology, Sino Robot, SMP Robotics, Shandong Luneng Intelligence Tech
|
Segment Insights
- Based on Type, Wheel Type accounted for the largest market share of 63.8% in 2021, with a market value of USD 105.1 Million and is projected to grow at a CAGR of 14.7% during the anticipated period.
- Based on Application, Single Station Type accounted for the largest market share of 52.6% in 2021, with a market value of USD 86.6 Million and is projected to grow at a CAGR of 12.5% during the estimated time period.
Recent Developments
Nov’22 - ANYbotics announced that it has opened commercial orders for ANYmal X, its four-legged robot, to “provide industry-wide access to scalable robotic inspection solutions in oil and gas and chemicals sectors”. In addition, the company said its robot is “a game changer for asset operators”, added that the impact of deploying ANYmal X is driving companies to accelerate automating robotic inspections.
Aug’22 - NFI, a supply chain solutions provider, announced it has signed a $10 million agreement to deploy Boston Dynamics’ newest robot, Stretch, across its U.S. warehousing operations. In 2023, the autonomous robot will commence unloading containers and cargoes as a trial programme at NFI's Savannah, GA facility, with aims to equipped several distribution centres around North America in the coming years.
Regional Insights
- Globally, APAC accounted for the largest market share of 48.3% in 2021, with a market value of USD 79.6 Million and is projected to grow at the CAGR of 13.7% during the forecast period.
- In North America, The U.S. accounted for the largest market share of 83.3 % in 2021, with a market value of USD 28.1 Million and is projected to grow at a CAGR of 12.6% during the forecast period. Canada was the second-largest market in 2021, valued at USD 3.8 Million in 2021; it is projected to grow at the CAGR rate of 10.2%.
Segmentation
By Type
- Wheel Type
- Crawler Type
By Application
- Single Station Type
- Multi-Station Type
By Region
North America
- S.
- Canada
- Mexico
Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
South America
- Brazil
- Argentina
- Rest of South America
Base Year:2021
Historical Data:2017 To 2020
No of Pages:157
Select Licence Type
Single User
US$ 4500Only one user can access the report. It cannot be printed or shared. Delivery in online PDF.
Multi User
US$ 6200Multiple users can access the report. It cannot be printed or shared. Delivery in online PDF.
Corporate User
US$ 9500The entire organization can use the report. It can be printed and shared. Delivery in PDF and Excel. Free update of the report after 1 year.
Future Market Consulting is a research-based management consulting company that provides strategic advice to help clients on critical business perspectives: strategy, marketing organization operations and technology transformation.
Quick Links
Newsletter Subscription
Get the latest market news & updates at your inbox.
