Growing Construction of Solar and Wind farms will bring Opportunities for Renewable Drones

The rising adoption of drones for reducing inspection, increasing focus on asset optimization are the driving factors for the renewable drones market, globally. Technological developments software for drone data analytics, and rapid development of renewable plants which creates opportunities for growth of the renewable drones market.

The renewable energy sector is among the fastest-growing sectors globally. Renewable energy plants are being developed at a rapid pace with advanced technologies, with the growing demand for clean and sustainable energy. Countries are shifting their focus from conventional energy sources toward increasing generation from renewable energy sources. According to a study by IRENA in 2018, between 2015 and 2050, the global economy would need average investments equivalent to some 2.0% of the global GDP per year in decarbonization solutions, including renewable energy, energy efficiency, and other technologies.

According to IRENA, in 2018, the global cumulative installed capacity of onshore wind power reached 542 GW. Wind power has increased at a CAGR of more than 21% since 2000. Further, it is expected that onshore wind power installations would reach 5,044 GW by 2050. This will create the demand for wind turbines for new installations as well as the replacement of old turbines. The development of wind power plants is capital intensive, and asset owners look for maximizing returns and minimizing expenditures. This is where drones come into the picture. Drones will help reduce the expenses for the inspection of wind turbines by at least 40% and will be able to provide data in 2–3 days as compared to 2–3 weeks in the case of traditional inspection methods.