Global In-Pipe Inspection Robots Market Analysis, Size, Share, Growth, Trends & Forecast 2018-2026, With an Expected CAGR of 16.5% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 7, 2018--The “In-Pipe Inspection Robots Market by Product Type, by Application - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026” report has been added to ResearchAndMarkets.com’s offering.
The global in-pipe inspection robots market was valued at around $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 2018-2026.
Robots are being used increasingly in various verticals in order to reduce the 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.
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.
Companies Mentioned:CUES Inc. Envirosight LLC GE Inspection Robotics IBAK Helmut Hunger GmbH Co. KG. Medit Inc. RedZone Robotics, Inc. Inuktun Services Ltd. MISTRAS Group Inc. RIEZLER Inspektions Systeme GmbH Co. KG Xylem, Inc. Honeybee Robotics, Ltd.
Key Topics Covered:
2. Executive Summary
3. In-Pipe Inspection Robots Market Dynamics
4. Global In-Pipe Inspection Robots market Competitive Landscape
5. Global In-Pipe Inspection Robots market Product Type Segment Analysis
6. Global In-Pipe Inspection Robots market Application Type Segment Analysis
7. Global In-Pipe Inspection Robots market Regional Segment Analysis
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/9q4xmd/global_inpipe?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180807005522/en/
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SOURCE: Research and Markets
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PUB: 08/07/2018 09:58 AM/DISC: 08/07/2018 09:58 AM