Inspection and Maintenance Robot Market Size, Share & Trends Analysis Report By Product Type (Autonomous, Remotely Operated), By Component (Hardware, Software), By End-user (Oil, Gas and Petrochemical, Food and Beverages, Utility), Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2028

Inspection and Maintenance Robot Market Overview

The Inspection and Maintenance Robot market size is estimated to reach $4,850 million by 2026 growing at a CAGR of 14.1% over the forecast period of 2021-2028.

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. With the rapid development advancement in technology, personnel risk associated with dangerous areas, environmental and economic safety, and rising demand for automation is fuelling the market demand for inspection and maintenance robot market.

COVID 19 Impacts:

The COVID-19 pandemic has impacted every industry sector across the world. Stats and Reports are constantly apprehending the influence of the COVID-19 pandemic on different domains of the industry. Our research reports provide comprehensive research of COVID-19 which will guide you to understand the major growth driving as well as restraining factors. Furthermore, the Global Inspection and Maintenance Robot Market research report helps you with the statistics, revised government policies, and many other useful understandings.

SWOT Analysis:

The report is created based on comprehensive SWOT analysis and Porter’s five force analysis tools, the strengths, weaknesses, opportunities, and combination of key companies are extensively figured out in the report. Furthermore, every single prominent player in the global market is outlined with their associated details such as product types, market overview, marketing strategies, production base, applications, and other specifications.

Key Takeaways from Inspection and Maintenance Robot Market Report:

• Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for product type, component, end-user and by different industry verticals.
• Understand the different dynamics influencing the market – key driving factors, challenges, and hidden opportunities.
• Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Analyze the sales and distribution channels across key geographies to improve top-line revenues.
• Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
• Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

By product type, market for Autonomous to grow at the highest CAGR during the forecast period

During the forecast period, the market for autonomous is predicted to develop at the fastest rate of XX%. Autonomous robots are intelligent machines that do the job without human control. They are able to carry out work under difficult conditions in which there is a high risk of explosion and an inspection is required. This allows autonomous robots to collect information from the sensors and send images of instruments, temperatures, etc. as they move along the route shown on the facility's map. Autonomous robots are therefore also known as first-generation machines, can move autonomously and carry out the task without human intervention.

By End-use, Oil, Gas and Petrochemical is likely to hold the largest share during the forecast period

During the projection period, the Oil, Gas & Petrochemical predicted to hold the largest share in the forecast period. The oil gas & petrochemical segment has captured the largest market share in the global inspection and maintenance robot market for the year 2020. The industry being the most dangerous workplaces owing to the high chances of pressurized explosion and discharge of hazardous gases, especially owing to reasons such as opening and closing of the container lids during operations. Thus, 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.

North America is likely to grow the fastest during the forecast period

Europe held largest share for Inspection and Maintenance Robot market in 2020 with global market share of 36%. The demand is higher in Europe owing to the high amount of spending by the region especially in machinery and automation. Europe holds major contribution 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.

Market Dynamics

Driver:  Growing demand for Cost-effective methods is attracting the market growth.

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. Robots undergo easily in dangerous conditions and do inspection and maintenance of hazardous workplaces. Thus, it reduces the harmful effects on the environment and also minimizes the wastage and downtime of the machines.

Challenge: Frequent machinery failure at most facilities is hampering the growth

As, the maintenance practices within every industry have changed dramatically over recent decades. Most facilities are totally depending upon robots. Any small issue in the robot lead to total stoppage of industry and halt of business. In the petroleum industry, even the simplest maintenance operation can cost millions of dollars, and emergency work often proves even more expensive. Thus, the maintenance costs and direct implication of stoppage in work in case of failure is hindering the growth of the market in the forecast period.

Key Market Players:

Key Players in Inspection and Maintenance Robot Market consist of Cognex Group, GE inspection Robotics, Shell, FARO Technologies, Eddyfi, Oceaneering, Genesis Systems Group, Ensign Bickford Industries, Aetos Group, Gecko Robotics, ULC robotics, JH Robotics Inc, Superdroid Robots, LEO, Robotnik, among others

Recent Developments:

• In 2020, ABB launched new 3D Quality Inspection (3DQI) cell which is capable of measuring at a pace that is dramatically faster than traditional measuring inspection tools. 3DQI not only offers quick and accurate quality checks, but also reduces expensive rework.

Report Coverage and Scope

The report “Inspection and Maintenance Robot Market”, by Research Informatics’ covers an in-depth detailed analysis for the following segment which are covered under scope.

By Product Type

• Autonomous
• Remotely Operated

By Component:

• Hardware
• Software

By End-user:

• Oil, Gas and Petrochemical
• Food and Beverages
• Utility
• Others

Geography

• North America
• Europe
• APAC
• RoW

Global Inspection and Maintenance Robot Market Growth, Trend and Forecast 2021-2028

Chapter 1 Inspection and Maintenance Robot Market Overview
1.1 Product Overview and Scope of Inspection and Maintenance Robot
1.2 Inspection and Maintenance Robot Market Segmentation by Type
1.2.1 Global Production Market Share of Inspection and Maintenance Robot by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Inspection and Maintenance Robot Market Segmentation by Application
1.3.1 Inspection and Maintenance Robot Consumption Market Share by Application in 2020
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Inspection and Maintenance Robot Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Inspection and Maintenance Robot (2014-2028)

Chapter 2 Global Economic Impact on Inspection and Maintenance Robot Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Inspection and Maintenance Robot Market Competition by Manufacturers
3.1 Global Inspection and Maintenance Robot Production and Share by Manufacturers (2020 and 2020)
3.2 Global Inspection and Maintenance Robot Revenue and Share by Manufacturers (2020 and 2020)
3.3 Global Inspection and Maintenance Robot Average Price by Manufacturers (2020 and 2020)
3.4 Manufacturers Inspection and Maintenance Robot Manufacturing Base Distribution, Production Area and Product Type
3.5 Inspection and Maintenance Robot Market Competitive Situation and Trends
3.5.1 Inspection and Maintenance Robot Market Concentration Rate
3.5.2 Inspection and Maintenance Robot Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Inspection and Maintenance Robot Production, Revenue (Value) by Region (2014-2021)
4.1 Global Inspection and Maintenance Robot Production by Region (2014-2021)
4.2 Global Inspection and Maintenance Robot Production Market Share by Region (2014-2021)
4.3 Global Inspection and Maintenance Robot Revenue (Value) and Market Share by Region (2014-2021)
4.4 Global Inspection and Maintenance Robot Production, Revenue, Price and Gross Margin (2014-2021)
4.5 North America Inspection and Maintenance Robot Production, Revenue, Price and Gross Margin (2014-2021)
4.6 Europe Inspection and Maintenance Robot Production, Revenue, Price and Gross Margin (2014-2021)
4.7 China Inspection and Maintenance Robot Production, Revenue, Price and Gross Margin (2014-2021)
4.8 Japan Inspection and Maintenance Robot Production, Revenue, Price and Gross Margin (2014-2021)
4.9 Southeast Asia Inspection and Maintenance Robot Production, Revenue, Price and Gross Margin (2014-2021)
4.10 India Inspection and Maintenance Robot Production, Revenue, Price and Gross Margin (2014-2021)

Chapter 5 Global Inspection and Maintenance Robot Supply (Production), Consumption, Export, Import by Regions (2014-2021)
5.1 Global Inspection and Maintenance Robot Consumption by Regions (2014-2021)
5.2 North America Inspection and Maintenance Robot Production, Consumption, Export, Import by Regions (2014-2021)
5.3 Europe Inspection and Maintenance Robot Production, Consumption, Export, Import by Regions (2014-2021)
5.4 China Inspection and Maintenance Robot Production, Consumption, Export, Import by Regions (2014-2021)
5.5 Japan Inspection and Maintenance Robot Production, Consumption, Export, Import by Regions (2014-2021)
5.6 Southeast Asia Inspection and Maintenance Robot Production, Consumption, Export, Import by Regions (2014-2021)
5.7 India Inspection and Maintenance Robot Production, Consumption, Export, Import by Regions (2014-2021)

Chapter 6 Global Inspection and Maintenance Robot Production, Revenue (Value), Price Trend by Type
6.1 Global Inspection and Maintenance Robot Production and Market Share by Type (2014-2021)
6.2 Global Inspection and Maintenance Robot Revenue and Market Share by Type (2014-2021)
6.3 Global Inspection and Maintenance Robot Price by Type (2014-2021)
6.4 Global Inspection and Maintenance Robot Production Growth by Type (2014-2021)

Chapter 7 Global Inspection and Maintenance Robot Market Analysis by Application
7.1 Global Inspection and Maintenance Robot Consumption and Market Share by Application (2014-2021)
7.2 Global Inspection and Maintenance Robot Consumption Growth Rate by Application (2014-2021)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries

Chapter 8 Inspection and Maintenance Robot Manufacturing Cost Analysis
8.1 Inspection and Maintenance Robot Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Inspection and Maintenance Robot

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Inspection and Maintenance Robot Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Inspection and Maintenance Robot Major Manufacturers in 2020
9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change

Chapter 12 Global Inspection and Maintenance Robot Market Forecast (2021-2028)
12.1 Global Inspection and Maintenance Robot Production, Revenue Forecast (2021-2028)
12.2 Global Inspection and Maintenance Robot Production, Consumption Forecast by Regions (2021-2028)
12.3 Global Inspection and Maintenance Robot Production Forecast by Type (2021-2028)
12.4 Global Inspection and Maintenance Robot Consumption Forecast by Application (2021-2028)
12.5 Inspection and Maintenance Robot Price Forecast (2021-2028)

Chapter 13 Appendix