Global Oil & Gas Inspection Robotics Market 2022-2032 by Component (Hardware, Software, Services), Robot Type (ROVs, AUVs, UAVs, UGVs, Smart PIGS, Others), Application (Pipelines, Storage Tanks, Platforms, Rigs, Others), and Region: Trend Forecast and Growth Opportunity
Global oil & gas inspection robotics market will reach $8.63 billion by 2032, growing by 15.3% annually over 2022-2032, driven by the rising energy demand, increasing offshore exploration and production, and the growing adoption of inspection robots in oil & gas industry.
Highlighted with 83 tables and 79 figures, this 172-page report “Global Oil & Gas Inspection Robotics Market 2022-2032 by Component (Hardware, Software, Services), Robot Type (ROVs, AUVs, UAVs, UGVs, Smart PIGS, Others), Application (Pipelines, Storage Tanks, Platforms, Rigs, Others), and Region: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire global oil & gas inspection robotics market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global oil & gas inspection robotics market in every aspect of the classification from perspectives of Component, Robot Type, Application, and Region.
Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hardware
o Imaging System
o Automation Systems
o Steering and Positioning
o Navigation System
o Energy and Propulsion
o Other Hardware
• Software
• Services
o Training
o Maintenance
o Consulting
Based on Robot Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• ROVs
• AUVs
• UAVs
• UGVs
• Smart PIGS
• Other Robot Types
By Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Oil and Gas Pipelines
• Oil Storage Tanks
• Platforms
• Rigs
• Other Applications
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Norway, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Spain, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa, and Rest of MEA)
For each region and country, detailed analysis and data of annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and the breakdown of each national market by Component, Robot Type, and Application over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
ABB Ltd.
AeroVironment, Inc.
Alstom Inspection Robots
Cyberhawk Innovations Ltd.
ECA Group
Flyability SA
FMC Technologies Inc.
Honeybee Robotics
Hydrovision Ltd.
IKM Subsea AS
ING Robotic Aviation
International Submarine Engineering (ISE) Ltd.
Inuktun Services Ltd.
MISTRAS Group Inc.
OC Robotics
Seegrid
Sky-Futures
VDOS
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 9
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18
2 Market Overview and Dynamics 20
2.1 Market Size and Forecast 20
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 24
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 26
2.2 Major Growth Drivers 30
2.3 Market Restraints and Challenges 35
2.4 Emerging Opportunities and Market Trends 38
2.5 Porter’s Fiver Forces Analysis 42
3 Segmentation of Global Market by Component 46
3.1 Market Overview by Component 46
3.2 Hardware 48
3.2.1 Imaging System 50
3.2.2 Automation Systems 51
3.2.3 Steering and Positioning 52
3.2.4 Navigation System 53
3.2.5 Energy and Propulsion 54
3.2.6 Other Hardware 55
3.3 Software 56
3.4 Services 57
4 Segmentation of Global Market by Robot Type 59
4.1 Market Overview by Robot Type 59
4.2 ROVs 61
4.3 AUVs 63
4.4 UAVs 64
4.5 UGVs 65
4.6 Smart PIGS 66
4.7 Other Robot Types 67
5 Segmentation of Global Market by Application 68
5.1 Market Overview by Application 68
5.2 Oil and Gas Pipelines 70
5.3 Oil Storage Tanks 71
5.4 Platforms 72
5.5 Rigs 73
5.6 Other Applications 74
6 Segmentation of Global Market by Region 75
6.1 Geographic Market Overview 2022-2032 75
6.2 North America Market 2022-2032 by Country 79
6.2.1 Overview of North America Market 79
6.2.2 U.S. 83
6.2.3 Canada 86
6.2.4 Mexico 88
6.3 European Market 2022-2032 by Country 90
6.3.1 Overview of European Market 90
6.3.2 Germany 94
6.3.3 U.K. 96
6.3.4 France 98
6.3.5 Norway 100
6.3.6 Italy 102
6.3.7 Russia 104
6.3.8 Rest of European Market 106
6.4 Asia-Pacific Market 2022-2032 by Country 108
6.4.1 Overview of Asia-Pacific Market 108
6.4.2 Japan 112
6.4.3 China 115
6.4.4 Australia 117
6.4.5 India 119
6.4.6 South Korea 121
6.4.7 Rest of APAC Region 123
6.5 South America Market 2022-2032 by Country 125
6.5.1 Argentina 128
6.5.2 Brazil 130
6.5.3 Chile 132
6.5.4 Rest of South America Market 134
6.6 MEA Market 2022-2032 by Country 135
6.6.1 UAE 138
6.6.2 Saudi Arabia 140
6.6.3 South Africa 142
6.6.4 Other National Markets 144
7 Competitive Landscape 145
7.1 Overview of Key Vendors 145
7.2 New Product Launch, Partnership, Investment, and M&A 148
7.3 Company Profiles 149
ABB Ltd. 149
AeroVironment, Inc. 151
Alstom Inspection Robots 154
Cyberhawk Innovations Ltd. 155
ECA Group 156
Flyability SA 159
FMC Technologies Inc. 160
Honeybee Robotics 161
Hydrovision Ltd. 162
IKM Subsea AS 163
ING Robotic Aviation 164
International Submarine Engineering (ISE) Ltd. 165
Inuktun Services Ltd. 166
MISTRAS Group Inc. 167
OC Robotics 168
Seegrid 169
Sky-Futures 170
VDOS 171
RELATED REPORTS 172
List of Tables:
Table 1. Snapshot of Global Oil & Gas Inspection Robotics Market in Balanced Perspective, 2022-2032 19
Table 2. World Economic Outlook, 2021-2031 22
Table 3. World Economic Outlook, 2021-2023 23
Table 4. Scenarios for Economic Impact of Ukraine Crisis 27
Table 5. Main Product Trends and Market Opportunities in Global Oil & Gas Inspection Robotics Market 38
Table 6. Global Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 46
Table 7. Global Oil & Gas Inspection Robotics Market: Hardware by Type, 2022-2032, $ mn 49
Table 8. Global Oil & Gas Inspection Robotics Market: Services by Type, 2022-2032, $ mn 58
Table 9. Global Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 59
Table 10. Classifications of ROVs by Type 62
Table 11. Global Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 68
Table 12. Global Oil & Gas Inspection Robotics Market by Region, 2022-2032, $ mn 76
Table 13. Leading National Oil & Gas Inspection Robotics Market, 2022 and 2032, $ mn 78
Table 14. North America Oil & Gas Inspection Robotics Market by Country, 2022-2032, $ mn 81
Table 15. U.S. Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 85
Table 16. U.S. Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 85
Table 17. U.S. Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 85
Table 18. Canada Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 87
Table 19. Canada Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 87
Table 20. Canada Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 87
Table 21. Mexico Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 89
Table 22. Mexico Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 89
Table 23. Mexico Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 89
Table 24. Europe Oil & Gas Inspection Robotics Market by Country, 2022-2032, $ mn 93
Table 25. Germany Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 95
Table 26. Germany Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 95
Table 27. Germany Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 95
Table 28. U.K. Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 97
Table 29. U.K. Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 97
Table 30. U.K. Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 97
Table 31. France Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 99
Table 32. France Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 99
Table 33. France Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 99
Table 34. Norway Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 101
Table 35. Norway Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 101
Table 36. Norway Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 101
Table 37. Italy Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 103
Table 38. Italy Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 103
Table 39. Italy Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 103
Table 40. Russia Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 105
Table 41. Russia Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 105
Table 42. Russia Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 105
Table 43. Oil & Gas Inspection Robotics Market in Rest of Europe by Country, 2022-2032, $ mn 107
Table 44. APAC Oil & Gas Inspection Robotics Market by Country, 2022-2032, $ mn 110
Table 45. Japan Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 114
Table 46. Japan Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 114
Table 47. Japan Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 114
Table 48. China Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 116
Table 49. China Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 116
Table 50. China Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 116
Table 51. Australia Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 118
Table 52. Australia Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 118
Table 53. Australia Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 118
Table 54. India Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 120
Table 55. India Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 120
Table 56. India Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 120
Table 57. South Korea Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 122
Table 58. South Korea Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 122
Table 59. South Korea Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 122
Table 60. Oil & Gas Inspection Robotics Market in Rest of APAC by Country/Region, 2022-2032, $ mn 124
Table 61. South America Oil & Gas Inspection Robotics Market by Country, 2022-2032, $ mn 127
Table 62. Argentina Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 129
Table 63. Argentina Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 129
Table 64. Argentina Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 129
Table 65. Brazil Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 131
Table 66. Brazil Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 131
Table 67. Brazil Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 131
Table 68. Chile Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 133
Table 69. Chile Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 133
Table 70. Chile Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 133
Table 71. MEA Oil & Gas Inspection Robotics Market by Country, 2022-2032, $ mn 137
Table 72. UAE Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 139
Table 73. UAE Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 139
Table 74. UAE Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 139
Table 75. Saudi Arabia Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 141
Table 76. Saudi Arabia Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 141
Table 77. Saudi Arabia Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 141
Table 78. South Africa Oil & Gas Inspection Robotics Market by Component, 2022-2032, $ mn 143
Table 79. South Africa Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, $ mn 143
Table 80. South Africa Oil & Gas Inspection Robotics Market by Application, 2022-2032, $ mn 143
Table 81. ABB Ltd.: Company Snapshot 149
Table 82. ABB Ltd.: Business Segmentation 150
Table 83. ABB Ltd.: Product Portfolio 150List of Figures:
Figure 1. Research Method Flow Chart 13
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 16
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 18
Figure 4. Global Oil & Gas Inspection Robotics Market, 2022-2032, $ mn 20
Figure 5. Impact of COVID-19 on Business 24
Figure 6. Primary Drivers and Impact Factors of Global Oil & Gas Inspection Robotics Market 30
Figure 7. World Crude Oil Production, 2000-2021, million tons 33
Figure 8. World Gas Production, 1990-2021, bcm 34
Figure 9. Primary Restraints and Impact Factors of Global Oil & Gas Inspection Robotics Market 35
Figure 10. Investment Opportunity Analysis 39
Figure 11. Porter’s Fiver Forces Analysis of Global Oil & Gas Inspection Robotics Market 42
Figure 12. Breakdown of Global Oil & Gas Inspection Robotics Market by Component, 2022-2032, % of Revenue 47
Figure 13. Global Addressable Market Cap in 2023-2032 by Component, Value ($ mn) and Share (%) 47
Figure 14. Global Oil & Gas Inspection Robotics Market by Component: Hardware, 2022-2032, $ mn 48
Figure 15. Global Oil & Gas Inspection Robotics Market by Hardware: Imaging System, 2022-2032, $ mn 50
Figure 16. Global Oil & Gas Inspection Robotics Market by Hardware: Automation Systems, 2022-2032, $ mn 51
Figure 17. Global Oil & Gas Inspection Robotics Market by Hardware: Steering and Positioning, 2022-2032, $ mn 52
Figure 18. Global Oil & Gas Inspection Robotics Market by Hardware: Navigation System, 2022-2032, $ mn 53
Figure 19. Global Oil & Gas Inspection Robotics Market by Hardware: Energy and Propulsion, 2022-2032, $ mn 54
Figure 20. Global Oil & Gas Inspection Robotics Market by Hardware: Other Hardware, 2022-2032, $ mn 55
Figure 21. Global Oil & Gas Inspection Robotics Market by Component: Software, 2022-2032, $ mn 56
Figure 22. Global Oil & Gas Inspection Robotics Market by Component: Services, 2022-2032, $ mn 57
Figure 23. Breakdown of Global Oil & Gas Inspection Robotics Market by Robot Type, 2022-2032, % of Sales Revenue 60
Figure 24. Global Addressable Market Cap in 2023-2032 by Robot Type, Value ($ mn) and Share (%) 60
Figure 25. Global Oil & Gas Inspection Robotics Market by Robot Type: ROVs, 2022-2032, $ mn 61
Figure 26. Global Oil & Gas Inspection Robotics Market by Robot Type: AUVs, 2022-2032, $ mn 63
Figure 27. Global Oil & Gas Inspection Robotics Market by Robot Type: UAVs, 2022-2032, $ mn 64
Figure 28. Global Oil & Gas Inspection Robotics Market by Robot Type: UGVs, 2022-2032, $ mn 65
Figure 29. Global Oil & Gas Inspection Robotics Market by Robot Type: Smart PIGS, 2022-2032, $ mn 66
Figure 30. Global Oil & Gas Inspection Robotics Market by Robot Type: Other Robot Types, 2022-2032, $ mn 67
Figure 31. Breakdown of Global Oil & Gas Inspection Robotics Market by Application, 2022-2032, % of Sales Revenue 69
Figure 32. Global Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%) 69
Figure 33. Global Oil & Gas Inspection Robotics Market by Application: Oil and Gas Pipelines, 2022-2032, $ mn 70
Figure 34. Global Oil & Gas Inspection Robotics Market by Application: Oil Storage Tanks, 2022-2032, $ mn 71
Figure 35. Global Oil & Gas Inspection Robotics Market by Application: Platforms, 2022-2032, $ mn 72
Figure 36. Global Oil & Gas Inspection Robotics Market by Application: Rigs, 2022-2032, $ mn 73
Figure 37. Global Oil & Gas Inspection Robotics Market by Application: Other Applications, 2022-2032, $ mn 74
Figure 38. Global Market Snapshot by Region 75
Figure 39. Geographic Spread of Worldwide Oil & Gas Inspection Robotics Market, 2022-2032, % of Sales Revenue 76
Figure 40. Global Addressable Market Cap in 2023-2032 by Region, Value ($ mn) and Share (%) 77
Figure 41. North American Oil & Gas Inspection Robotics Market, 2022-2032, $ mn 80
Figure 42. Breakdown of North America Oil & Gas Inspection Robotics Market by Country, 2022 and 2032, % of Revenue 81
Figure 43. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 82
Figure 44. U.S. Oil & Gas Inspection Robotics Market, 2022-2032, $ mn 84
Figure 45. Canada Oil & Gas Inspection Robotics Market, 2022-2032, $ mn 86
Figure 46. Oil & Gas Inspection Robotics Market in Mexico, 2022-2032, $ mn 88
Figure 47. European Oil & Gas Inspection Robotics Market, 2022-2032, $ mn 91
Figure 48. Breakdown of European Oil & Gas Inspection Robotics Market by Country, 2022 and 2032, % of Revenue 92
Figure 49. Contribution to Europe 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 93
Figure 50. Oil & Gas Inspection Robotics Market in Germany, 2022-2032, $ mn 94
Figure 51. Oil & Gas Inspection Robotics Market in U.K., 2022-2032, $ mn 96
Figure 52. Oil & Gas Inspection Robotics Market in France, 2022-2032, $ mn 98
Figure 53. Oil & Gas Inspection Robotics Market in Norway, 2022-2032, $ mn 100
Figure 54. Oil & Gas Inspection Robotics Market in Italy, 2022-2032, $ mn 102
Figure 55. Oil & Gas Inspection Robotics Market in Russia, 2022-2032, $ mn 104
Figure 56. Oil & Gas Inspection Robotics Market in Rest of Europe, 2022-2032, $ mn 106
Figure 57. Asia-Pacific Oil & Gas Inspection Robotics Market, 2022-2032, $ mn 109
Figure 58. Breakdown of APAC Oil & Gas Inspection Robotics Market by Country, 2022 and 2032, % of Revenue 109
Figure 59. Contribution to APAC 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 111
Figure 60. Oil & Gas Inspection Robotics Market in Japan, 2022-2032, $ mn 113
Figure 61. Oil & Gas Inspection Robotics Market in China, 2022-2032, $ mn 115
Figure 62. Oil & Gas Inspection Robotics Market in Australia, 2022-2032, $ mn 117
Figure 63. Oil & Gas Inspection Robotics Market in India, 2022-2032, $ mn 119
Figure 64. Oil & Gas Inspection Robotics Market in South Korea, 2022-2032, $ mn 121
Figure 65. Oil & Gas Inspection Robotics Market in Rest of APAC, 2022-2032, $ mn 123
Figure 66. South America Oil & Gas Inspection Robotics Market, 2022-2032, $ mn 126
Figure 67. Breakdown of South America Oil & Gas Inspection Robotics Market by Country, 2022 and 2032, % of Revenue 126
Figure 68. Contribution to South America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 127
Figure 69. Oil & Gas Inspection Robotics Market in Argentina, 2022-2032, $ mn 128
Figure 70. Oil & Gas Inspection Robotics Market in Brazil, 2022-2032, $ mn 130
Figure 71. Oil & Gas Inspection Robotics Market in Chile, 2022-2032, $ mn 132
Figure 72. Oil & Gas Inspection Robotics Market in Rest of South America, 2022-2032, $ mn 134
Figure 73. Oil & Gas Inspection Robotics Market in Middle East and Africa (MEA), 2022-2032, $ mn 136
Figure 74. Breakdown of MEA Oil & Gas Inspection Robotics Market by Country, 2022 and 2032, % of Revenue 136
Figure 75. Contribution to MEA 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 137
Figure 76. Oil & Gas Inspection Robotics Market in UAE, 2022-2032, $ mn 138
Figure 77. Oil & Gas Inspection Robotics Market in Saudi Arabia, 2022-2032, $ mn 140
Figure 78. Oil & Gas Inspection Robotics Market in South Africa, 2022-2032, $ mn 142
Figure 79. Growth Stage of Global Oil & Gas Inspection Robotics Industry over the Forecast Period 145
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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