WEDNESDAY, 17 JUL 2019

 

CONNECT

Facebook Linked In Twitter
Cytavision_Superpack_10/07-28/07_728x90px
GloriaJeans_266x90px
IMH LTD

Cyprus' Agriculture Sector Enters a New Era After the Approval of the New Insurance System

Donald Trump Claims Trade War is Working as China's Economy Slows

IMH LTD
GAP_Group_2019_468x60px

BUSINESS

brought to you by Deloitte

$9.46 Billion Drone Solutions Market for Power, Utilities Industries

$9.46 Billion Drone Solutions Market for Power, Utilities Industries

The global market in drone-powered solutions for the power and utilities industries is worth as much as $9.46 billion a year, PwC estimates in a new report that illustrates how creative uses of unmanned aerial vehicles are disrupting the way companies build, operate and maintain their networks.

According to PwC’s report ‘Clarity from above: Leveraging drone technologies to secure utilities systems’, from PwC’s global Drone Powered Solutions team, the most prosaic applications range from geospatial surveys in pre-investment planning, through monitoring of the construction process and managing assets, to proactively dealing with threats such as overgrown vegetation.

The report includes stories of how creative utilities managers around the world are turning to drones to solve some of the industry’s most intractable problems, increasing both reliability and worker safety. For example, in most countries monitoring vegetation growth and trimming trees near power lines is the single biggest maintenance cost for power companies. It’s worth noting that global power transmission networks are forecast to increase to 6.8 million circuit kilometres in 2020, up 15% from the 2016 level. Regulators are increasingly concerned about reliability, offering incentives to reduce outages and penalties for downtime. Every year the sector loses US$169 billion due to energy network failures and forced shutdowns.

Drones can make the trimming process more efficient, as well as providing data that helps predict and avoid damage from falling trees.

Additionally, water utilities are also finding that drones can be more useful than satellites in the process of monitoring water quality. PwC’s Geospatial.App software allows the integration, presentation and management of mapping data gathered by drones equipped with visual, infrared and other cameras, which is useful in areas including monitoring the process of infrastructure construction, tracking the need for maintenance and assessing damage after natural or man-made disasters.

The report is the third in the ‘Clarity from above’ series. The first, released in May 2016, looked at the overall global market for applications of drone technology, estimating its value at more than $127 billion. The second report found a US$45 billion market for applications in the transport infrastructure sector.

MORE ON BUSINESS

The 3rd Project Management Conference

Project Management Institute (PMI) Cyprus Chapter organizes for the 3rd consecutive year ...

The EC Launches the Awareness Campaign ‘YOU’RE RIGHT’ (#YourEURight) on Consumer Rights

DG Just (The Commission's Directorate-General for Justice and Consumers is ...

DP World Limassol Awarded as the “Most Efficient Cruise Terminal”

DP World Limassol was honoured with the “Most Efficient Cruise Terminal” in ...

FROM AROUND GOLDNEWS

   

Euro Area International Trade in Goods Surplus €23.0 bn

The first estimate for euro area (EA19) exports of goods to the rest of the world in May 2019 was €203.4 billion, an increase of 7.1% compared with May ...
   

Education Publisher Pearson to Phase Out Print Textbooks

The world's largest education publisher has taken the first step towards phasing out print books by making all its learning resources "digital ...
   

Industrial Production up by 0.9% in Euro Area

In May 2019 compared with April 2019, seasonally adjusted industrial production rose by 0.9% in the euro area (EA19) and by 0.8% in the EU28, according to ...
   

Cyprus President and Greek Premier Coordinate their Actions

President of Cyprus Nicos Anastasiades and Greek Premier Kyriakos Mitsotakis spoke on Monday, July 15 on the phone to discuss the latest developments, with ...
   

FANEROMENI19 Festival: Johnny English Strikes Again (2018)

Cinema screening in cooperation with The Friends of Cinema Society The third movie in the comedy series with Rowan Atkinson returning as the accidental ...
   

Playing with Bricks 4 Kidz® at Nicosia Mall

An incredibly fun activity is on offer at Nicosia Mall, for every kid who loves imagination and creativity from July 8 to August 11, from 3:00 to 7:00 in the ...
   

Ryanair to Cut Services Due to Boeing 737 Max Crisis

Budget airline says it plans to close some bases and will carry fewer passengers, The Guardian reports. Ryanair has warned that delays to deliveries of ...
   

Donald Trump Claims Trade War is Working as China's Economy Slows

Chinese economic growth falls to slowest pace since 1992 – but is expanding faster than the US, The Guardian reports. Donald Trump has claimed that ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Limassol_Economic_19/06-18/10_300x250px
Gold_Digital_Edition_300x250px

IMH LTD