$169 billion
Global cost of Power & Utilities sector losses related to network outages
$609 million
Revenue opportunities related to improving reliability of power supply systems
Drones technology creates new opportunities for power and utility sector
The power and utilities sector is on the verge of a digital revolution and faces numerous new challenges. Global network outages in power and utility sector effects in losses worth USD 169 billion. Existing technological capabilities of drone applications range from pre-construction and investment monitoring to asset inventory and maintenance management. Possibility of water quality monitoring and vegetation management generate other way of drone utilization.
Benefits of UAVs implementation in energy sector are connected with improving the reliability of power supply systems. We calculated that the global value of incentives for the sector is USD 609.3 million. Companies involved in water industry profit in introducing innovative and cost effective solutions such as drones to monitor water quality.
The power and utilities sector is on the verge of a digital revolution and faces numerous new challenges. Due to increasing social pressure to shift from fossil fuels to renewable energy sources, while simultaneously bringing energy prices down, the sector is trying to find new ways to maintain profitability. Existing business models are being disrupted by the growth in distributed generation and the popularity of electric vehicles. Technology development is enabling already well-proven innovations such as drones and digital technologies to be harnessed in order to increase the reliability of producing, transmitting and distributing energy. At the same time it is helping to bolster cost efficiency and to streamline maintenance and management processes.
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