The global energy storage for drones market size is expected to surpass USD 3.8 billion by 2028. The demand for high-performance and cost-effective power solutions in the drone industry has been driving the growth of this market as battery replacement is not an easy task and other alternatives are expensive. This report provides an in-depth analysis of the global energy storage for drones market across four major segments such as type, application, region, and country.
The energy storage for drones can be done by using batteries and fuel cells. Batteries are used in low-power applications, whereas fuel cell technology is ideal for high power demands. On the basis of Type, the market is segmented as Batteries and Fuel Cells.
Battery-based Energy Storage Systems are used to store electrical energy in a device consisting of one or more electrochemical cells which can convert stored chemical energy into electric current when connected with an external circuit providing power for low voltage DC loads such as lighting or alarm systems. They have relatively good energy density but less efficient than fuel cell-based systems due to the short lifetime of the battery before it needs replacement. Fuel Cell type has a lower cost per kilowatt-hour (kWh) compared to batteries because they generate electricity from chemical reaction instead of electric current flow between two terminals like batteries.
The cost-effectiveness and availability have made lead-acid batteries a suitable choice over other battery types in drones that use Li-ion or NiMH technology because of their lower cost of ownership. Batteries have a higher market share than fuel cells. This is because batteries are more conventional and less expensive to manufacture, which makes them the preferred option for toy drones or other low-cost models of quadcopters that need lightweight solutions with high energy density (longer flight time).
Since the first use of fuel cell in a manned rocket by NASA in 1967, it has been widely used on space missions and submarines. The advantages are that they have higher energy density than batteries but lower power density because they generate electricity from chemical reaction instead of electric current flow between two terminals like batteries.
One disadvantage is when hydrogen needs to be stored at high pressure or under cryogenic conditions as otherwise, the system is not efficient enough to produce electrical power. Hydrogen can also be obtained with water through electrolysis but this process requires an external source of electricity which increases the cost significantly. There are many new types being developed such as Proton Exchange Membrane type (PEM) cells for mobile phones, polymer type. Fuel Cell has a lower market size as compared to battery storage but it could be promising in the future due to its superior ability to store power without any moving parts; this renders them immune from most shock damage while also being safer and cheaper than lithium-ion batteries. The main drawback, however, is their relative weight (~250 times heavier) and limited lifespan (roughly five years), coupled with an increase in price per kilowatt-hour as they age.
On the basis of Application, the market is segmented into Agriculture, Construction, Power and Water Utility, Real Estate, Journalism etc.
Drones have many advantages over manned aircrafts such as: being lightweight, flexible on budget costs, time-saving (less red tape), easier to fly than helicopters, etc. As drone technology is continuously developing, it can now be equipped with batteries that power the propellers so that they can stay airborne longer without having to land frequently. This has led to an increase in their adoption rate within this sector and will likely continue doing so going forward. As powerful lithium-ion batteries lose about 20% of their capacity every year if left unused for a long period of time, battery swapping systems are being developed to maintain the maximum amount of flight time. Another more efficient solution is proposed by Stem Inc., a company that provides off-grid power solutions and energy storage for remote areas in Africa. It will be installing solar panels with enough energy capacity so as to store up electricity during the day which could then be used at night when there’s no sunlight available.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In 2018, the highest revenue was generated in North America due to the presence of established players such as Intel Corporation (U.S.), General Electric Company (U.S.), and Lockheed Martin Corporation (U.S.). A large number of companies are also present in this region which has been actively pursuing R&D initiatives for developing energy storage solutions together with technological advancements that will ultimately help them develop innovative products. In Asia Pacific countries like India is witnessing a rapid growth rate since there’s increasing demand from industries such as agriculture and transportation sectors where drones can be used to deliver goods or provide aerial imagery during disasters respectively.
Up Market Research published a new report titled “Energy Storage for Drones Market research report which is segmented by Types (Batteries, Fuel Cell), By Applications (Agriculture, Construction, Power And Water Utility, Real Estate, Journalism, Cinematography, Transportation, Energy Sector), By Players/Companies Amperex Technology, Ballard Power Systems, DJI, Highpower International, Kokam, Grepow, H3 Dynamics, Intelligent Energy, Lumenier, MicroMultiCopter Aero Technology”.
|Report Attributes||Report Details|
|Report Title||Energy Storage for Drones Market Research Report|
|By Type||Batteries, Fuel Cell|
|By Application||Agriculture, Construction, Power And Water Utility, Real Estate, Journalism, Cinematography, Transportation, Energy Sector|
|By Companies||Amperex Technology, Ballard Power Systems, DJI, Highpower International, Kokam, Grepow, H3 Dynamics, Intelligent Energy, Lumenier, MicroMultiCopter Aero Technology|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||225|
|Number of Tables & Figures||158|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Batteries, Fuel Cell and By Application Agriculture, Construction, Power And Water Utility, Real Estate, Journalism, Cinematography, Transportation, Energy Sector.
Some of the companies that are profiled in this report are:
Energy Storage for Drones Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Energy Storage for Drones Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Energy Storage for Drones Market Report:
Some other reports from this category!