Global Inspection and Maintenance Robot Market

Global Inspection and Maintenance Robot Market- By Type (Autonomous, Remotely Operated), By Component (Hardware, Software), By End-user (Oil gas & Petrochemical, Food and Beverages, Utility, Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027.

Global inspection and Maintenance Robot Market Overview:

The inspection and maintenance of the robot refer to intervene in robots under challenging areas or sites to reduce the risk associated with the lives of human resources and to optimize the work. Also, inspection and maintenance involve monotonous work and have repetitive operations. Thus, robots are used to reduce cost, fatigue, and improves the efficiency of the work.

Global Inspection and Maintenance Robot Insights

The global inspection and maintenance robot market has the potential to grow by USD 3.5 billion at propelling CAGR in the forecast period from 2020-2027. With the rapid development advancement in technology, personnel risk associated with dangerous areas, environmental and economic safety, and rising demand for automation is fueling the market demand for inspection and maintenance robot market.

The major growth drivers of the inspection and maintenance robot market are the rising industrial risk related to inspection and maintenance work on sites. Environment risk and safety of the workforce is the primary reason for intervening the robots for inspection purpose as robots can quickly analyze the operations and functions of the machine and provide reports as well.

Moreover, the robots also help in inspections of the workforce 24/7 and keep a check on the operations of the monotonous task and have the ability to work under harsh, dirty, and hazardous environments. Thus, the adoption of robots and removal of personnel from dangerous situations is the primary driver for maintaining the health and safety of the workforce.

Furthermore, robots help in providing technological safety, and they are robust enough to work according to safety guidelines by the industries. Thus, robots’ operations are helpful in the conditions where assets after cleaning releases harmful volatile organic compounds and robot add value to reduce its impact on the environment. Therefore, robots are useful in reducing the detrimental effects on the environment and improves the economic condition as well.

Growth Driver

Cost-effective

The adoption of robots not only reduces the workload from humans but also impacts positively on the operations and functions of the industry. For maintaining the regular and monotonous or repetitive features, it requires lots of costs and increases the chance of human error as well. Therefore, swapping robots with human resources will reduce the overall operations cost and enhance the efficiency and productivity of the work and improves safety too.

Provide environmental safety

The robots mainly intervene in a complicated situation or in a hazardous environment where there is high risk involved with the lives of human resources. The robots have unique designs and structures that can undergo in a dangerous condition and do inspection and maintenance of such workplaces. Thus, it reduces the harmful effects on the environment and also minimizes the wastage and downtime of the machines.

By Type Segmental Analysis

Based on the type, the global inspection and maintenance robot market bifurcated into Autonomous, Remotely Operated. The autonomous segment accounted for the largest share of the market is expected to grow at a higher rate during the forecast period from 2020-2027. Autonomous robots are intelligent machines use to perform the task without any human control. They are capable of doing work under severe conditions where there is a high chance of explosion and the need for inspection. Thus, autonomous robots can gather information from the sensors and send pictures of instruments, temperatures, and others while moving on the route shown on the map of the plant. Therefore, autonomous robots are also known as the first-generation machine, can autonomously move and perform the task without human intervention.

By Component Segmental Analysis

Based on the component, the global inspection and maintenance robot market attributed to hardware and software. The Software segment has the largest market share in the global inspection and maintenance robot market. The software component in robot used for inspection and maintenance to send a picture of the plant, instruments, the temperature of the machines, and gas detectors. Moreover, the hardware component in the robot provides reliability, integrity, inspection technique to evaluate the entire process.

By End-use Segmental Analysis

Based on the End-use, the global inspection and maintenance robot market classified into Oil gas & Petrochemical, Food and Beverages, Utility, Others. The oil gas & petrochemical segment has captured the largest market share in the global inspection and maintenance robot market. The oil gas and petrochemical industry are considered as dangerous workplaces as they have high chances of pressurized explosion and discharge of hazardous gases due to the opening and closing of the lid during normal operations. Therefore, the robots are intervened in the inspection and maintenance of the industries like oil gas and petrochemical as they have risk involve for human resources.

By Region Segmental Analysis

Based on geography, the global inspection and maintenance robot market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe expected to hold the largest share of the global inspection and maintenance robot market. It is mainly owing to the development of technology, the adoption of robots due to high economic growth. Robots used in deep water for inspection and maintenance purposes; thus, the European region will fuel the market demand for the inspection and maintenance robot market in the forecast period from 2020-2027.

Competitor Analysis

Companies such as Cognex Group, FARO Technologies, Inc., Oceaneering, Shell, Aetos Group, Ensign-Bickford Industries Inc., Eddyfi NDT Inc., GE inspection Robotics (a joint venture of GE Power services and the Swiss Federal Institute of Technology), Gecko Robotics, Genesis Systems Group, JH Robotics, Inc., LEO, Robotics, Robotnik, Superdroid Robots, Inc., and ULC robotics and others are key players in the global inspection and maintenance robot market.

Key Stakeholders                                     

  • Market research and consulting firms
  • Industry associations
  • Global inspection and maintenance robot manufacturing companies
  • Research organizations and consulting companies’ inspection and maintenance robot
  • Regulatory bodies

The objective of the Research

  • Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
  • Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
  • Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
  • Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
  • The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Type

  • Autonomous
  • Remotely Operated

By Component

  • Hardware
  • Software

By End-User

  • Oil gas & Petrochemical
  • Food and Beverages
  • Utility
  • Others

By Region

  • Europe
  • North America
  • Asia Pacific
  • South America
  • Middle East & Africa

Global Inspection and Maintenance Robot Market

Report Content

  1. Research Strategic Development
    • Market Modelling
    • Product Analysis
    • Market Trend and Economic Factors Analysis
    • Market Segmental Analysis
    • Geographical Mapping
    • Country Wise Segregation
  2. Research Methodology
    • Identification of Target Market
    • Data Acquisition
    • Refining of Data/ Data Transformations
    • Data Validation through Primary Techniques
    • Exploratory Data Analysis
    • Graphical Techniques/Analysis
    • Quantitative Techniques/Analysis
    • Visual Result/Presentation
  3. Executive Summary
  4. Market Insights
    • Economic Factor Analysis
      • Drivers
      • Trends
      • Opportunities
      • Challenges
    • Competitors & Product Analysis
    • Regulatory Framework
    • Company market share analysis, 2019
    • Porter’s Five forces analysis
    • New Investment Analysis
    • PESTEL Analysis
  5. Global Inspection and Maintenance Robot Market Overview
    • Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Market Share & Forecast, 2016-2027
        • By Type
          • Autonomous
          • Remotely Operated
        • By Component
          • Hardware
          • Software
        • By End-User
          • Oil gas & Petrochemical
          • Food and Beverages
          • Utility
          • Others
        • By Region
          • Europe
          • North America
          • Asia Pacific
          • South America
          • Middle East & Africa
  1. Europe Inspection and Maintenance Robot Market Overview
    • Europe Inspection and Maintenance Robot Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Europe Inspection and Maintenance Robot Market Share & Forecast, 2016-2027
        • By Type
          • Autonomous
          • Remotely Operated
        • By Component
          • Hardware
          • Software
        • By End-User
          • Oil gas & Petrochemical
          • Food and Beverages
          • Utility
          • Others
        • By Country
          • Germany
          • UK
          • France
          • Italy
          • Rest of Europe
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Europe Inspection and Maintenance Robot Market
  1. North America Inspection and Maintenance Robot Market Overview
    • North America Inspection and Maintenance Robot Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • North America Inspection and Maintenance Robot Market Share & Forecast, 2016-2027
        • By Type
          • Autonomous
          • Remotely Operated
        • By Component
          • Hardware
          • Software
        • By End-User
          • Oil gas & Petrochemical
          • Food and Beverages
          • Utility
          • Others
        • By Country
          • US
          • Canada
          • Mexico
        • Company Market Share (Top 3-5)
        • Economic Impact Study on North America Inspection and Maintenance Robot Market
  1. Asia Pacific Inspection and Maintenance Robot Overview
    • Asia Pacific Inspection and Maintenance Robot Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Asia Pacific Inspection and Maintenance Robot Market Share & Forecast, 2016-2027
        • By Type
          • Autonomous
          • Remotely Operated
        • By Component
          • Hardware
          • Software
        • By End-User
          • Oil gas & Petrochemical
          • Food and Beverages
          • Utility
          • Others
        • By Country
          • China
          • India
          • Japan
          • Australia
          • Rest of Asia Pacific
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Asia Pacific Inspection and Maintenance Robot Market
  1. South America Inspection and Maintenance Robot Market Overview
    • South America Inspection and Maintenance Robot Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • South America Inspection and Maintenance Robot Market Share & Forecast, 2016-2027
        • By Type
          • Autonomous
          • Remotely Operated
        • By Component
          • Hardware
          • Software
        • By End-User
          • Oil gas & Petrochemical
          • Food and Beverages
          • Utility
          • Others
        • By Country
          • Brazil
          • Argentina
          • Rest of South America
        • Company Market Share (Top 3-5)
        • Economic Impact Study on South America Inspection and Maintenance Robot Market
  1. Middle East & Africa Inspection and Maintenance Robot Market Overview
    • Middle East & Africa Inspection and Maintenance Robot Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Middle East & Africa Inspection and Maintenance Robot Market Share & Forecast, 2016-2027
        • By Type
          • Autonomous
          • Remotely Operated
        • By Component
          • Hardware
          • Software
        • By End-User
          • Oil gas & Petrochemical
          • Food and Beverages
          • Utility
          • Others
        • By Country
          • Saudi Arabia
          • UAE
          • South Africa
          • Rest of Middle East & Africa
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Middle East & Africa Inspection and Maintenance Robot Market
  1. Competitor Analysis
    • Company Description
    • Financial Analysis
    • Key Products
    • Key Management Personnel
    • Contact Address
    • SWOT Analysis
    • Company Profile
      • Cognex Group
      • FARO Technologies, Inc.
      • Oceaneering, Shell
      • Aetos Group
      • Ensign-Bickford Industries Inc.
      • Eddyfi NDT Inc.
      • GE inspection Robotics
      • Gecko Robotics
      • Genesis Systems Group
      • JH Robotics, Inc.
      • LEO
      • Robotics
      • Robotnik
      • Superdroid Robots, Inc
      •  ULC robotics
      • Other players