SUNDAY, 23 FEB 2020



Facebook Linked In Twitter

Natasa Pilides Underlines Need To Maintain The Competitiveness Of European Shipping

Charles Mitchel Contacts UN SG To Discuss Bloc's Involvement With Cyprus Issue



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.


New Strategic Investment In Cyprus By Greece’s Jumbo Group

Greece’s Jumbo Group has carried out another strategic investment in Cyprus with ...

The 2019 Moneyval Report: An Independent Recognition of the Cypriot Banking Sector’s New Outlook

The recent Moneyval report, issued on 12 February, does full justice to the efforts and ...

The Director of LSE Dame Minouche Shafik in Cyprus

The Cyprus LSE Alumni Association is proud to host a conversation with the LSE ...



The Cyprus Shipping Chamber Actively Participated At The European Shipping Week

The Cyprus Shipping Chamber participated at the 3rd European Shipping Week held between 17-21 February 2020, in Brussels, through its President, Philippos ...

Natasa Pilides Underlines Need To Maintain The Competitiveness Of European Shipping

Cyprus' Shipping Deputy Minister Natasa Pilides underlined "the need to maintain the competitiveness of European Shipping," during the debate on ...

Communications And Transport Had The Largest Positive Change Over Consumer Prices In January 2020

In January 2020, according to CyStat, the Harmonized Index of Consumer Prices (HCIP) increased by 0,7% compared to the index of January 2019 while, when ...

Charles Mitchel Contacts UN Secretary-General To Discuss Bloc's Involvement With Cyprus Issue

The Cyprus government welcomes the active involvement of the EU in efforts to solve the Cyprus issue, following the initiative of the President of the European ...

Google’s Recipe For Success At The 3rd Data Management Forum

Collecting the right data requires first understanding what kind of actions we need to achieve from it. Learn some funda­mental best practices on data ...

EU Deadlocked In Budget Summit As Rifts Laid Bare

EU leaders were deadlocked over the bloc’s next multiannual budget after lengthy summit talks on Thursday night laid bare rifts over how to fill the ...

Substantial Increase In Investment Fund Assets For December 2019

The Central Bank of Cyprus has released yesterday the Investment Funds statistics for the reference month of December 2019. Τhe number of investment funds ...

Cyprus Enterprises Find It Less Difficult To Recruit ICT Specialists Relatively To The E

Hiring expertise in information and communication technologies (ICT) is a challenge for businesses in the European Union (EU). During 2018, according to ...